Quantcast
Features & Opinion

Better content and investment in research may lead to growth of film industry: FICCI-KPMG report

By NewsDesk • Published on March 21, 2011

The FICCI-KPMG annual report has described 2010 as a challenging year for the film industry. However, the report estimates that with “better content, increase in multiplexes, investment in research and continued cost corrections”, the industry may grow from INR 83 billion to INR 132 billion by 2015.

“2010 was a year of great dynamism with growth across all sectors other than film”, stated the report. In 2010, the Indian Media & Entertainment (M&E) industry registered a growth of 11 percent over 2009 and touched INR 652 billion. It is estimated to grow at a rate of 13 percent in 2011.

The report attributes this growth to the growing trend of Digitization which became even more pronounced in 2010.

The report will be formally released at the inaugural session of FICCI FRAMES 2011 on March 23, 2011. FICCI FRAMES 2011, the annual convention of the media and entertainment industry, will be held through March 23-27 in Hotel Renaissance, Mumbai.

Films as a sector had registered a negative growth during 2009 and FICCI-KPMG report had estimated that it would recover with an almost flat or moderate growth rate in 2010.

Tagged with: ,

Did you like reading this article?

Get DearCinema in your Inbox

Or grab the RSS feed!

Editor's Pick

Ashim Ahluwalia debunks 12 rules of filmmaking
The maverick director of John and Jane and Miss Lovely shared his insight on ...
DearCinema brings out funding and markets guide for indie filmmakers
DearCinema has brought out a handbook for Indian independent filmmakers who are looking ...
Aditya Vikram Sengupta wins Best Debut Director award at Venice Days
Aditya Vikram SenGupta was named the Best director of a debut film for Bengali film ...
Chaitanya Tamhane talks about”Court” that won two awards in Venice
Mumbai-based filmmaker Chaitanya Tamhane’s debut feature film Court recently had a ...

Join the discussion

Leave a Reply