Media & entertainment industry pegged at Rs 4.5 trillion by 2023

TV subscription remains the top in video content revenue pie

According to PwC Media and Entertainment (M&E) Outlook 2018-23 released by the research firm on Thursday, the Indian M&E sector is poised to grow at a compound annual growth rate (CAGR) of 11.28 per cent over the next five years, and reach Rs 4.51 trillion by 2023. 

 

This is significantly higher than the global M&E revenue growth projected at 4.3 per cent for the same period. While new media platforms such as over-the-top