By 2026, the Indian entertainment & media sector is anticipated to grow by 8.8 per cent compound annual growth rate (CAGR) to reach Rs 4,30,401 crore. These figures are taken from PwC's Global Entertainment & Media (E&M) Outlook 2022–2026, which is the 23rd annual analysis and forecast of E&M expenditures by consumers and advertisers across 52 territories.
Star Sports along with Nodwin Gaming bring the broadcast of esports tournament Battlegrounds Mobile India (BGMI) Masters Series 2022 on TV. Star Sports has launched a promo film focusing on every gamer in the country.
The Indian sports media market is expected to grow to over $13.4 billion by 2027, as per a report by investment consultants Anand Rathi Advisors (ARAL). The report finds that the global sports media rights market was estimated at $52.1 billion in 2021.
Zoom, a proprietary videotelephony programme, debuted in India back in 2019. Due to Covid and the popularity of video conferencing, the company experienced rapid expansion.
Colors Marathi announced the introduction of three new shows to its programming line-up in the afternoon time band starting from 27 June. The channel will telecast the show Padmavati at 12 pm followed by Geeta at 12.30 pm. It will also telecast a cookery show called Lajjat Maharashtrachi between 2.30 pm to 3.30 pm.
PVR and Inox Leisure on Tuesday disclosed that the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have given their clearance with regards to the scheme of amalgamation or merger deal between the two companies.
Last year, the global entertainment and media (E&M) industry grew significantly faster than the world economy as a whole. Following a 2.3 per cent dip in 2020 due to the pandemic, E&M sales increased by a solid 10.4 per cent in 2021, from $2.12 trillion to $2.34 trillion.