Magazine article Screen International

India's Film Industry Revenues Up 11% in 2011

Magazine article Screen International

India's Film Industry Revenues Up 11% in 2011

Article excerpt

India's film industry grew by 11.5% to $1.85bn (Rs93bn) in 2011, according to a report issued by KPMG on the eve of the FICCI Frames conference in Mumbai.

The industry was boosted by a several movies crossing the $20m (Rs1bn) mark in theatrical revenues and (Rs300m) in cable and satellite sales. This is in marked contrast to the previous year when the industry had been hit by a downturn in production volumes and lack of big hits.

The growth momentum is expected to carry over into 2012 with several big Hindi movies expected over the coming year, including Agent Vinod starring Saif Ali Khan [pictured], Ek Tha Tiger with Salman Khan, Krrish 3 with Hrithik Roshan and Yash Chopra's untitled project with Shah Rukh Khan.

Overall, India's media and entertainment industry grew by 12% to reach $14.6bn (Rs728bn), due to strong consumption in Tier 2 and 3 cities, growth of new media and continued regional media growth. KPMG predicted that the industry would register a CAGR of 15% to reach $29. …

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