Welcome to the July 2014 edition of The Newsreel, EY’s newsletter on the media and entertainment (M&E) industry.
India’s M&E industry saw increased activity in the TV distribution space with new regulations imposed by TRAI. The authority has recommended reduction of license fees and has put in place cross-media restrictions for DTH operators. The regulator has also restricted broadcasters from providing TV services directly to commercial subscribers.
In the Filmed Entertainment space, INOX has acquired Satyam Cineplexes and the Anil Ambani Group is planning to sell its theatre chain Big Cinemas. Furthermore, PVR plans to invest INR2.5 billion to add 100 new screens in FY15.
The New Media segment also witnessed increased activities with players such as Hungama Digital and Saavn raising funds to expand their operations. In addition, Hathway and Eros have tied up to launch a new online movie streaming service and Tribune Digital Ventures has acquired What’s On India.
In this month’s In-Focus section, we look at the relatively new trend of media cities and how they help the industry.
In the “Point of view” section, Biren Ghose, President, ABAI, and Country Head, Technicolor India, shares his insights on the concept of a media city and the upcoming media city in Bangalore.
I hope you enjoy reading this edition of The Newsreel. We look forward to your valuable feedback and suggestions to enable us to make this newsletter even more interesting and useful for you.
With kind regards,
Farokh T. Balsara
National Sector Leader — Media & Entertainment