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Tuesday, 12 March 2019 05:47

EY-FICCI report: M&E sector recorded 40 deals valued at $2.8 billion in 2018

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As per the EY-FICCI report ‘A billion screens of opportunity’, the Indian M&E in 2018 saw 40 deals with a value of $2.8 billion in 2018. In 2017, it was $1.3 billion.

The report was unveiled at the FICCI Frames 2019 in Mumbai on 12 March and it says that 41% of deals were in the digital segment in 2018, compared to 30% of deals in 2017 while deals in the gaming segment came next with 20% of the deals.

As per report, the digital segment has been at the forefront of deal activity as India’s demographic dividend in the form of smartphone users, internet penetration and improving bandwidth continues to grow exponentially.

The consolidation wave in the M&E sector is expected to accelerate and continue as large media corporates strengthen their presence for achieving scale, reach and relevance. The sector is also gaining huge interest from global strategic players who want to be part of the rapid growth in this sector, on the back of greater availability of data.

As per report, television retained its position as the largest segment, its growth is expected to come from digital which will overtake filmed entertainment in 2019 and print by 2021. The sector continues to grow at a rate faster than the GDP, reflecting the increasing disposable income and economic growth. India has the second highest number of internet users after China with ~570 million internet subscribers growing at 13% annually.

The report says that approximately 2.5 million consumers in India today are digital only and would not normally use traditional media. It is expected that this customer base will to grow to 5 million by 2021.

EY India Partner and Media & Entertainment Leader Ashish Pherwani commented: “The M&E sector has a significant opportunity given India’s young demographics. The growth of digital infrastructure is further enabling Indians to fulfil the need for personal content consumption, across languages and genre. There is a large shift in consumer behaviour from mass produced content to specific content defined to audience segments. The sector has an opportunity to serve a billion screens in India and globally.”

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