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Sops to media & entertainment industry can make it world beater
The Indian Media and Entertainment Industry (M&E industry) is already a $14 billion industry and is expected to outgrow the Indian economy with an expected cumulative annual growth rate of around 18 per cent over the next four years. The M&E industry broadly comprise of print media, radio and electronic media. Each of these segments has their own impact on the masses. With such a growth potential, the Finance Minister ('FM') could have focused on providing tax sops in Budget 2008 which would have enable Indian M&E companies to grow and make it a world beater.
21 March 2008
Indian media to earn $29 bil by 2012
Boosted by a rapid growth in the number of digital consumers, the Indian entertainment industry will earn as much as $28.9 billion by 2012, PricewaterhouseCoopers and an industry group reported Monday. In a study titled "Indian Entertainment and Media Industry 2008," PwC India and the Federation of Indian Chambers of Commerce and Industry said that the Indian entertainment industry grew 17% in 2007 -- faster than the predicted 15% -- reaching $12.82 billion, up from $10.95 billion in 2006
March 18, 2008
Hollywood investors eying Indian entertainment industry
Hollywood investors are now "reassessing their previous cool attitude" towards India and major players like Viacom, Universal, Dream Works and Warner Bros. prefer to invest in the Indian entertainment industry compared to China, says Hollywood trade magazine Variety.

Although India started the process of economic reforms rather belatedly as compared to China, but it has since opened up to the world much faster than the Chinese have done as far as the entertainment business is concerned, it says.

While China is still wary of allowing foreign companies a stake of any significant size in its entertainment sector, Indian entertainment corporate entities are welcoming foreign direct investment (FDI) and entering into joint business deals with their foreign counterparts with a vengeance.
22 March, 2008
Indian Media Industry to hit Rs 1.157 trillion by 2012: FICCI
The Indian Entertainment and Media Industry has recorded a growth of 17 per cent in 2007, over 2006 with the industry estimated at Rs 513 billion in last year as compared to Rs 438 billion in 2006. In the last four years (2004-2007), the industry recorded a cumulative growth of 19% on an overall basis.

According to the FICCI - PricewaterhouseCoopers 2008 Report on Indian Entertainment and Media Industry to be unveiled at the FICCI-FRAMES 2008 in Mumbai later this month, the Indian E&M Industry is projected to grow by 18% cumulatively over the next five years to reach Rs 1.157 trillion by 2012.

The report 'Indian Entertainment and Media Industry - Sustaining Growth' reveals that the growth of 17 per cent has proved wrong the forecast of a 15 per cent growth in the previous year. In 2007, foreign investments in the E&M sector reached a record high of $ 211 million (approximately Rs 8.5 billion). This was seen as result of the extremely high number of investment deals announced in 2006 and the years before.
Monday - Mar 17, 2008

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