India’s screen entertainment industry will reach USD 17 billion by 2029. This growth will come from digital platforms, TV, and movies.
A report says online video will add USD 8.6 billion by 2029. It will be the biggest part of the industry. Cheap data and many mobile users will help this growth.
Television is slowly declining but will still make USD 6.8 billion. TV is important in many Indian homes.
Movies will earn USD 1.9 billion. They are coming back with new release methods and better multiplexes.
These three areas – online video, TV, and movies – show a shift from traditional to digital entertainment.
By 2029, online video will make half of the total revenue in India’s screen economy.
India’s content investment is growing. It reached USD 5.8 billion in 2024, nearly double from 2019.
However, piracy is a big problem. In 2024, about 90 million users watched pirated videos. This caused a loss of USD 1.2 billion.
Vocabulary List:
- Entertainment /ˌentərˈteɪnmənt/ (noun): Activities that provide enjoyment and amusement.
- Revenue /ˈrɛvənju/ (noun): The income generated from normal business operations.
- Declining /dɪˈklaɪnɪŋ/ (verb): To decrease or reduce in amount or quality.
- Investment /ɪnˈvɛstmənt/ (noun): The action or process of allocating resources usually money for profitable returns.
- Piracy /ˈpaɪrəsi/ (noun): The unauthorized use or distribution of copyrighted material.
- Multiplexes /ˈmʌltɪˌplɛksɪz/ (noun): A building containing multiple movie theaters.
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