Welcome to the October 2012 edition of
The Newsreel, Ernst & Young's newsletter on the media and entertainment (M&E) industry.
Over the past month, major action was witnessed in the new media space with several companies announcing their plans to enter the digital medium. Raj TV has tied up with Google and plans to start a dedicated online portal for content-sharing across various mobile, internet-based and hand-held devices. The Future Group is planning to take Amar Chitra Katha comics to the digital space and seeks to release animated content and short films for tablets and e-books. Hungama.com is planning to enter the West Asia and Singapore markets by launching movies through its digital platform.
The industry has also been witnessing activity in the visual effects and post production services segment — Reliance MediaWorks made a minority acquisition in the visual effects and animation company Digital Domain; Standard Chartered Private Equity invested US$35 million in Prime Focus Limited, a global creative and technical post-production services provider, and Tata Elxsi and the US company A Squared ended their JV.
This month’s “ In-focus” section covers the key trends in, challenges facing and the way forward for India’s magazine segment.
In the “ Point of view” section, Indrajit Gupta, Editor, Forbes India, shares his views on India’s magazine segment.
I hope you enjoy reading this edition of The Newsreel. We look forward to your valuable feedback and suggestions to make the newsletter even more interesting and useful for you.
With kind regards,
Farokh T. Balsara
Media & Entertainment Industry Leader
Europe, Middle East, India and Africa