Media and entertainment industry to grow to 25% in 2021 says FICCI-EY report

Interested in writing political and/or movie related content for Telugubulletin? Creative writers, email us at "[email protected]"

94,598FansLike
57,763FollowersFollow

Out of the 12 segments in the media and entertainment space, only digital subscription and online gaming grew steadily last year but rest of the areas saw a dip, according to Federation of Indian Chambers of Commerce & Industry (FICCI) report titled ‘Playing by new rules’, which was released on March 26.

Every segment in the media and entertainment industry witnessed a double-digit decline last year except music and digital advertising that had neither positive nor negative effect owing to the pandemic. Digital subscription rose by 49 percent whereas online gaming segment increased by 18 percent in 2020 as compared to 2019.

But still the media and entertainment industry is set to gain its momentum in 2021, consultancy firm EY affirmed on Friday. During its annual study, an analysis was made by few experts on the sector, released in association with the FICCI.

Reports now claim that the media industry is expected to grow to 25 per cent this year to reach Rs 1.73 trillion, covering up for the loss faced in 2020, when the market reduced to 24 per cent due to covid-19 pandemic induced loss.

From the study it is learnt that that TV remained the largest segment, while the digital media had overtaken print, and online gaming had surpassed film entertainment.

52 COMMENTS

Silver Screen

Pic Talk: The Biggest Curves of Malavika

Native Malayali beauties have the propensity to set the social media and absolute fire with their natural display of glamour and scintillating curves. The...

RGV to make a huge film with this top stars!

Ram Gopal Varma, once a celebrated filmmaker, has lost his reputation over the years due to producing subpar movies. Recently, he expressed regret on...

Popular director makes comments about Kollywood actors!

In a recent interview promoting his latest movie “Dominic and the Lady’s Purse” featuring Mammootty, Popular director Gautham Vasudev Menon shared his views on...

Director Sukumar in trouble!

IT raids on director Sukumar have been making headlines. The searches at Sukumar's house began yesterday morning, reportedly. It is reported that IT officials...

Why Maruthi taking too long with Prabhas?

Talented Director Maruti is regarded as one of the most efficient filmmaker in Tollywood. He has the habit of completing films at a quick...

Politics

Pic Talk: CBN Meets Bill Gates

The chief minister of Andhra Pradesh, Chandrababu Naidu is currently in Switzerland as he is taking part in the World Economic Forum. In the process,...

Nara Lokesh meets bigwigs @ Davos

IT Minister Nara Lokesh is currently in Davos as he is taking part in the World Economic Forum summit. In this context, he has...

What Lokesh Said About Deputy CM Narrative?

Over the last few days, the Telugu Desam supporters and leaders have been carrying the narrative that Nara Lokesh should be promoted as the...

Lokesh as AP CM? Chandrababu Furious

It is already known that a delegation of the AP government led by chief minister. Chandrababu Naidu and Nara Lokesh is currently taking part...

Janasena gets recognition from CEC

After a historic win in the recent Andhra Pradesh general election, Janasena has turned out to be one of the most significant political parties...

Most Read

Pic Talk: CBN Meets Bill Gates

The chief minister of Andhra Pradesh, Chandrababu Naidu is currently in Switzerland as he is taking part in the World Economic Forum. In the process,...

Pic Talk: The Biggest Curves of Malavika

Native Malayali beauties have the propensity to set the social media and absolute fire with their natural display of glamour and scintillating curves. The...

Nara Lokesh meets bigwigs @ Davos

IT Minister Nara Lokesh is currently in Davos as he is taking part in the World Economic Forum summit. In this context, he has...

RGV to make a huge film with this top stars!

Ram Gopal Varma, once a celebrated filmmaker, has lost his reputation over the years due to producing subpar movies. Recently, he expressed regret on...

Popular director makes comments about Kollywood actors!

In a recent interview promoting his latest movie “Dominic and the Lady’s Purse” featuring Mammootty, Popular director Gautham Vasudev Menon shared his views on...