The Indian media and entertainment industry is estimated to achieve growth of 11.8 per cent in 2013, making it one of the most explosive media territories in the world.
This year sees India wrap-up the analogue to digital conversion of its cable industry which requires an additional 75 million set-top boxes, a move which is hoped to lead to greater revenues for programmers and content providers.
But what is driving this rapid growth, what are the opportunities, and what are the risks of tackling a huge and diverse market with a 1.6 billion population?
IBC brings together a panel of entrepreneurial heavyweights on India for a special market spotlight. The panel comprises Harit Nagpal, MD & CEO at Tata Sky, Mohinder Walia, Managing Director of Mumbai Media City, India's largest Studio, Broadcast, Content Management and Media School facility, and Rajesh Kamat, CEO at CA Media which is part of former News Corp president Peter Chernin’s fast-growing media and entertainment business. CA Media is focussing on India, China and Indonesia.
Tata Sky’s growth in the extremely tough DTH marketplace is recognised, and while there is consolidation among some of the rival players most expect Tata Sky to remain firmly in the game.
Mohinder Walia’s Mumbai Media City is India's largest Hollywood-benchmarked facility right in the heart of Mumbai city and will commence operations in 2014. Walia has also founded Golden Bird Entertainment, a Film and TV production company with feet in both Mumbai and Los Angeles, while Kamat is already making his presence felt because of his previous work with Viacom-18’s flagship channel Colors, and earlier work with Endemol’s localised versions of Big Brother and Fear Factor. CA Media now has a 49% stake in Endemol India.
From digital distribution to new production paradigms to piracy, investment and the unstoppable Bollywood machine, this is a ‘must attend’ panel for any delegate with an interest in what is happening in India.