FAST GROWING ANIMATION INDUSTRY
The animation and Visual Effects (VFX) industry showcased a growth of 24.07 per cent, largely led by a 34.91 per cent growth in VFX industry in 2017
During 2016-21, the segment is expected to grow at a higher CAGR of 17.2 per cent, largely led by the continued growth in outsourced services and the swelling use of animation and VFX services in the domestic television and film space, respectively.
EXCEPTIONAL GROWTH IN FILM INDUSTRY
The Indian film industry is expected to grow at a rate of 11.9 per cent by 2020.
Digitalization has played the major role in the growth of Indian film industry. By 2019, cinema exhibition industry in India is expected to have over 3,000 multiplex screens.
Total subscriber base for Indian television industry is expected to increase to 195 million by 2019 from 183 Million in 2017.
As of March 2018 active DTH subscriber base in the country stood at around 67.53 million.
Source: KPMG – FICCI Report, 2016 and 2018; Dish TV Investor Presentation, Ministry of Information and Broadcasting (MIB), NASSCOM, Telecom Regulatory Authority of India (TRAI)
Notes: CAGR - Compound Annual Growth Rate, P – Projected
KPMG – FICCI Report 2017 & 2018, Aranca Research
Notes: E – Estimated, P – Projected, OOH – Out of Home, TV – Television KPMG – FICCI Report 2017, Economic Times, Aranca Research
- Emergence of new sources of revenue
- Collaboration with international studios
- Rise of 3D cinema
- Resurgence of regional cinema
- Focus on niche movies
- Interaction with emerging technologies