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Tag: Dubai Expo

  • I&B minister Anurag Thakur to visit Dubai to promote Indian M&E sector

    I&B minister Anurag Thakur to visit Dubai to promote Indian M&E sector

    Mumbai: The information and broadcasting minister Anurag Thakur will be on a three-day official visit to Dubai between 26-28 March to attend a CEO roundtable with leading personalities of cinema exhibition and television world.

    The I&B minister will also visit the India pavilion at the Dubai Expo where media and entertainment week has been going on throughout the week. He will meet ministers and industry leaders during the visit.

    The CEO roundtable on Saturday will be attended by Vox Cinemas CEO Ignace Lahoud, Star Cinemas COO Satyajit Pendharkar, Channel 2 Group founder MD Ajay Sethi, ARN Group’s Vivek Sethia and Mathew Johnson, Star TV head – international business Sudhir Nagpal.

    On Sunday, Thakur will visit the India pavilion at the Dubai Expo to participate in the event ‘celebrating and taking Indian media and entertainment industry global.’ Eminent film personality Ranveer Singh is likely to join the minister during the visit, according to the statement.

    The minister will interact with many leaders of the sector during his visit to the pavilion including Dubai Film and TV Commission Jamal Al Sharif and Dubai Development Authority on 28 March.

    The minister will meet a range of people to promote India’s interests in the sector including HH Sheikh Suroor bin Mohammed bin Khalifa Al Nahyan, HE Noura bint Mohammed Al Kaabi, minister of culture and youth Reem Ebrahim Al Hashimy, minister of state for international cooperation, International Humanitarian City member of the board and director general of Dubai’s department of tourism and commerce marketing (Dubai Tourism) E Helal Saeed Almarri Nahyan, Sharjah Media City chairman HE Dr Khalid Omar Al Midfa, department of culture and tourism and twofour54 chairman HE Mohamed Khalifa Al Mubarak, Sharjah Media City managing director H.E. Shihab Alhammadi, Tecom Group group CEO Malek Al Malek, Dubai Media City managing director Majed Al Suwaidi, Dubai Studio City and Dubai Production City at Tecom group, Galadari Brothers Group co-chairman Suhail Galadari, Gulf News chairman Abdullah bin Khalifa Al-Attiyah and Middle East Broadcasting Center founder and chairman Waleed bin Ibrahim Al-Ibrahim.

  • India M&E industry projected to reach $100 billion by 2030: Apurva Chandra

    India M&E industry projected to reach $100 billion by 2030: Apurva Chandra

    Mumbai: The Indian media and entertainment industry is valued at $28 billion and is projected to reach $100 billion by 2030 growing at a cumulative growth rate of 12 per cent, said the ministry of information and broadcasting secretary Apurva Chandra. Chandra was addressing a roundtable organised by the India Pavilion at the Dubai Expo.

    Chandra mentioned that the MIB will set up an AVGC (animation, visual effects, gaming and comics) task force by the end of March 2022 “with the purpose of formulating the AVGC policy to further facilitate the companies in the sector.”

    Chandra was leading a delegation of the ministry comprising actor R Madhavan, Doordarshan director-general Mayank Agarwal, I&B ministry joint secretary Vikram Sahay, Central Board of Film Certification CEO and National Film Development Corp of India managing director Ravinder Bhakar.

    The I&B secretary also met with Channel 2 Group Corp chairman Ajay Sethi on the matter of starting a live radio channel in India dedicated to sports. “The current broadcasting of live cricket in India on radio lacks quality and content and there is a delay of around 11 seconds as well,” said Chandra.  

    Channel 2 Group is ready to invest in infrastructure, marketing, and content and sought the support of the government of India in terms of the channel. The company is in a 60:40 revenue sharing model Prasar Bharati but is not producing content. Channel 2 Group operates FM channels in Dubai, a TV channel in Kenya, Media City, cricket teams in the Caribbean and South Africa among other key activities. The company also owns ICC global cricket radio rights.

    SS Rajamouli’s film “RRR” was launched globally at the Dubai Expo in the presence of the I&B secretary, global media houses, and key delegates from India and UAE. The director and actors Ram Charan and NT Rama Rao Jr were also present at the event.

  • TV segment grows by five per cent to reach Rs 720 billion in 2021: Report

    TV segment grows by five per cent to reach Rs 720 billion in 2021: Report

    Mumbai: The television segment grew by five per cent in 2021 to reach Rs 720 billion, according to FICCI-EY media and entertainment report 2022 unveiled at the Dubai Expo on Monday. TV advertising revenues stood at Rs 313 billion and distribution revenues at Rs 407 billion at the end of 2021, the report further stated.

    According to the report, television advertising grew by 25 per cent in 2021 after recovering from a 21.5 per cent drop in 2020, and two per cent short of 2019 levels. The recovery was mainly volume-driven, though certain pockets like regional entertainment, news and sports did witness rate growth towards the end of 2021.

    Hindi language pay TV viewership declined resulting into increased cost-per-rating-point (CPRPs) for advertisers while CPRPs for regional channels remained constant in 2021. Due to this, many advertisers increased their share of spends on regional TV products and regional channels received 26 per cent more ad volumes than national channels in 2021.

    TV subscription revenue continued to decline for the second year in a row showing degrowth of 6.2 per cent. This was mainly driven by the reduction in six million pay TV homes and a fall in consumer end average revenue per user (ARPUs). The connected TV base in India increased to 10 million sets. The time spent on TV fell by eight per cent from 2020 levels and was slightly lower than 2019 levels for Hindi speaking markets (HSM).

    The number of pay channels increased by 21 whereas the number of free-to-air channels decreased by 26 in September 2021, which “reflects a move by broadcasters to build stronger subscription revenue products through bouquets,” according to the report. The total number of TV channels declined marginally to 906 from 911.

    “While television households will continue to grow at one per cent till 2025, we expect growth to be driven by connected TVs which could cross 40 million by 2025 and free television which could cross 50 million, thereby stressing the core pay television market,” said the report.

    E&Y estimates television revenues to grow to Rs 826 billion by 2024. The estimates are subject to the implementation of ad caps and regulatory restrictions on pricing, it noted. Going forward, E&Y predicts that local cable operators (LCO) would operate a hybrid business model i.e., provide a linear TV wire plus a broadband connection to offer efficient content services, broadband connectivity, smart home services, and locality/community services.

    “India has always been a different kind of media and entertainment market. High on volume and low on ARPU, yet up top with the rest on technology and ahead of the pack when it comes to digital adoption,” commented E&Y media and entertainment sector leader Ashish Pherwani. “We love quantity and bundles; but we pay for value. We are amongst the top smartphone markets; and have a large feature phone base. We subscribe to global OTT platforms; yet binge on Youtube and watch free satellite TV. And we are thirsting for curated knowledge and escapism while creating millions of pieces of content each day ourselves.”