There has been a general sense of malaise in the media and entertainment (M&E) industry for some months now. You could blame it on demonetisation, which stunted growth in the last two quarters. And could do so again in the first quarter of this fiscal, say analysts. Or you could blame it on the doom the industry senses as conservative forces gather steam. There is the bogey of price regulation in television, of extreme censorship in films and talk of extending it to TV. Then there is the hate-filled posturing of a news television industry with dodgy investors with their
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