GECs
New media to lead growth for south Indian media and entertainment industry
BENGALURU: The Digital March-Media and Entertainment in South India, a Deloitte-FICCI report was released on the eve of FICCI-MEBC 2013 in Bengaluru. The two day event commences on 29 October.
Note: This is for the year ended 31 March 2013.
The report says that the South Indian Media and Entertainment (SIM&E) industry is slated to grow from its current estimated size for FY-2013 of Rs 23,900 crore to Rs 43,600 crore in FY-2013 at an CAGR of 16 per cent.
The internet continues to have a profound effect on consumers’ viewing habits and the proliferation of devices is altering their media consumption behavior. With the increasing popularity of mobile broadband (3G) and the impending launch of 4G LTE services, mobile phones are expected to emerge as the preferred platform for consuming content. India already has over 65 million smartphone users currently.
In south India, new media, with an estimated size of Rs 690 crore in FY-2013 will grow at 23 per cent CAGR to reach Rs 1600 crore in size by FY-2017, followed by television which will grow at a CAGR of 20 per cent from a present estimated size of Rs 13,470 crore to Rs 27,960 crore.
The television industry in south India is on a transformation path, driven by the government’s digitisation mandate, says the report. It is one of the most flourishing regional media segment in terms of availability of content, reach and distribution. Over the years, it has seen increased action from regional as well as national advertisers. In fact, regional advertisers now contribute almost 40 per cent of the TV industry’s advertisement revenues in states such as Tamil Nadu and Kerala.
Radio will grow at a CAGR of 19 per cent from an estimated present size of Rs 420 crore to Rs 830 crore by FY-2017. The radio industry enjoys greater acceptance in the south than in the rest of the country and thus stands out amongst its peers. This is indicated by relatively higher average radio listenership in cities like Bengaluru where people spend about 20 hours / week on radio while those in Delhi and Mumbai spend 13-14 hours / week says the report.
Films with a present estimated size of Rs 2,680 crore will grow at a CAGR of 12 per cent to reach Rs 4,220 crore by FY- 2017. The report says that the south Indian film industry with 831 films, accounted for over 50 per cent of total films certified across India. The number of films certified increased by 36 per cent over 2011, primarily driven by a spike in cable and satellite (C&S) rights’ prices. However, the number of films released increased by only eight per cent during the same period as some producers chose not to release their films due to the high marketing costs associated, and as a result of a correction in the C&S rights’ prices in some of the markets.
Print, a laggard relatively, will grow at eight per cent from the present Rs 6,880 crore to Rs 9,020 crore by FY-2017. South India, driven by a high literacy rate and a sizable vernacular readership base (30 per cent of total readership in India) is one of the strongholds of the Indian print industry. Amongst the four regional states, Tamil Nadu and Andhra Pradesh account for about 58 per cent of the total revenue. Most of the markets in the region are dominated by English print in terms of revenue except Kerala, where vernacular prints accounts for nearly 90 per cent of the revenue. However, the advertising revenue from vernacular print in the region is estimated to grow at twice the pace of that of English, largely driven by local advertisers and increasing focus of national advertiser’s beyond tier I cities.
Among the four southern states or southern sisters as they are known, Tamil Nadu with a FY-2013 SIM&E estimated size of Rs 8,420 crore will grow at a CAGR of 17 per cent to reach Rs15,850 crore by FY-2017. SIM&E in Andhra Pradesh with a FY-2013 estimated size of Rs 7,140 crore will reach an estimated size of Rs 12,740 crore by FY-2017 at a CAGR of 16 per cent.
SIM&E in Karnataka with an estimated FY-2013 size of Rs 4,340 crore will grow at a CAGR of 15 per cent to reach Rs 7,710 crore by FY-2017. The smallest in terms of size of SIM&E, Kerala with a FY-2013 estimated size of Rs 3,350 crore will grow to Rs 5,7,30 crore by FY-2017 at a CAGR of 14 per cent.
GECs
Samsung TV Plus launches Kings of Comedy channel
New free FAST channel brings iconic Hindi comedy shows to millions of Samsung Smart TV owners.
MUMBAI: Samsung TV Plus has just turned up the laughter volume and it’s completely free. The leading free ad-supported streaming television (FAST) service in India has launched Kings of Comedy, a premium comedy channel featuring some of the country’s most beloved primetime shows. Available exclusively on Samsung TV Plus, the channel delivers back-to-back hits including Comedy Nights with Kapil, Khatra Khatra Khatra, and Comedy Nights Bachao, with no login or subscription required.
The launch marks a milestone for free streaming in India, offering audiences a dedicated comedy destination directly from their Samsung TV home screen. It arrives as Samsung TV Plus India celebrates its 5th anniversary, during which the service has grown its monthly active users by 42 per cent and more than doubled its total viewing hours. The platform now offers over 180 free channels across 14 languages.
Samsung TV Plus India general manager and head of business development Kunal Mehta said, “Comedy is the heartbeat of Hindi entertainment, and Kings of Comedy brings together the shows Indians already love, completely free on their Samsung TV. Our focus remains the same take the content people know and make it effortless to access.”
Globally, Samsung TV Plus has surpassed 100 million monthly active users across more than 4,500 channels, solidifying its position as one of the world’s leading free streaming services.
Kings of Comedy is now available on all compatible Samsung Smart TVs. For viewers seeking non-stop laughter without any cost, this new channel delivers a royal treat proving that sometimes the best entertainment really does come with no strings (or subscriptions) attached.
