iWorld
Digital segment projected to reach Rs 386 billion by FY22: KPMG
MUMBAI: The digital segment of the India media and entertainment industry is projected to reach Rs 386 billion by FY22 from Rs 173 billion in FY19. The burgeoning sector is set to overtake print media and be behind TV within the same period, according to India’s Digital Future, a report by KPMG. By FY24, the digital market will be half that of TV in the Indian economy.
Moreover, advertising growth will also be driven by the digital billion with close to 580 million OTT consumers by FY24. The report also added that with the proposed third party digital measurement systems coming into place in India over the next 12 months, the CPMs are also likely to see some growth from FY21 onwards, contributing to the overall growth of the segment. As per the report, video ads on OTT platforms are likely to constitute the bulk of the segment revenues.
On the other hand, the revenue from OTT digital video is expected to reach 129 billion by FY22. While Indian OTT market’s revenue will continue to be dominated by advertising, the direct subscriber base in India will rise to as much as 55-65 million by FY24, driven by the availability of high quality content curated for different audiences.
While the subscription revenues registered a nearly 3x increase in FY19, totalling Rs 12 billion, direct subscriptions contributed around 65-70 per cent and the rest were realisations from telco partnerships. Despite the growth of direct subscriptions, the revenue from telco partnerships is also expected to achieve robust growth, although slower as compared to direct subscriptions.
The digital consumers have also been divided into four categories. The digital sophisticates who consume global content and tent-pole, original Indian programming tailored for the urban audience, typically behind a paywall in English and Hindi. The second is digital enthusiasts who will watch mainly Indian narratives in Hindi and regional languages and some pockets of English. The third is digital mainstream who are looking for free content available online or bundled plans through telcos and other distribution platforms and the last is fringe users who will have sporadic digital access on account of either poor connectivity or irregular income.
On the course of digital segment evolution, technology and associated tools such as artificial intelligence will provide much needed direction around decisions relating to content creation, distribution and monetisation for digital businesses. It has also been pointed out that micro-segmentation of target markets in an increasingly upwardly mobile economy would be essential for effective monetisation.
iWorld
Epic Company launches unified Epic Studio for films and OTT
Vivek Krishnani to head films business; Samar Khan leads OTT & Television.
MUMBAI: Epic just merged its creative superheroes under one cape because when films and OTT need to fight for attention together, you don’t keep them in separate universes. The Epic Company has launched Epic Studio, a next-generation creative and production powerhouse that unites Juggernaut Productions and Movieverse Studio under a single banner. The move creates a streamlined, scalable platform for premium storytelling across theatrical films, OTT originals, television, digital-first formats and branded content.
Vivek Krishnani has been appointed chief executive officer, Epic Studio (Films), overseeing the theatrical and film business with a focus on culturally resonant narratives across Hindi, Telugu, Tamil, Gujarati and Malayalam cinema. Samar Khan continues as chief executive officer, Epic Studio (OTT & Television) and retains his role as chief content officer for Docubay and Epic On.
The Epic Company managing director Aditya Pittie said, “Epic Studio brings together our entire creative ecosystem under one unified studio vision. This is not just an integration of verticals, but the creation of a collaborative environment where writers, filmmakers, creators, and brand partners can seamlessly develop and scale stories across formats and screens.”
Vivek Krishnani added, “We are building an audience-focused mainstream film studio committed to delivering fresh, engaging, and innovative stories for both theatrical and streaming platforms.”
Samar Khan commented, “This alignment allows us to approach storytelling with a unified studio mindset. We are building IP under one creative umbrella, with scale and longevity in mind from inception.”
The unified structure eliminates silos, enabling ideas to flow fluidly from concept to screen while adapting to evolving audience behaviour. Epic Studio positions itself as a creator-led ecosystem championing purposeful, resonant storytelling with commercial strength.
In an entertainment landscape where stories now leap between screens faster than plot twists, Epic isn’t just building a studio, it’s crafting a single launchpad where every tale gets the best shot at soaring across every platform.
