Hindi film industry as also the regional language film industries are getting international in their approach. The momentum gained in 2011 and is expected to continue in 2012 wherein several high budget releases are lined up for viewers. The Indian film music industry is anticipated to grow at a CAGR of 10.1 per cent to touch Rs 150 billion (US$ 2.63 billion) by 2016. The industry is estimated to have garnered revenues of around Rs 93 billion (US$ 1.63 billion) in 2011, reflecting a growth of 11.5 per cent vis-á-vis year 2010.
INDIAN MUSIC INDUSTRY AT A GLANCE IN 2011 - 2012
Indian Music and Entertainment industry is largely represented by the country's music and films. The year 2010 saw structural shift from physical formats to digital ones, and the year 2011 witnessed a wider range of viable options for music consumption through different digital platforms. The Indian music industry registered a growth of 5 per cent in 2011 over 2010, achieving revenues of Rs 9 billion (US$ 158.66 million) in the year.
Hindi film industry as also the regional language film industries are getting international in their approach. The momentum gained in 2011 and is expected to continue in 2012 wherein several high budget releases are lined up for viewers. The Indian film music industry is anticipated to grow at a CAGR of 10.1 per cent to touch Rs 150 billion (US$ 2.63 billion) by 2016. The industry is estimated to have garnered revenues of around Rs 93 billion (US$ 1.63 billion) in 2011, reflecting a growth of 11.5 per cent vis-á-vis year 2010.
Hindi film industry as also the regional language film industries are getting international in their approach. The momentum gained in 2011 and is expected to continue in 2012 wherein several high budget releases are lined up for viewers. The Indian film music industry is anticipated to grow at a CAGR of 10.1 per cent to touch Rs 150 billion (US$ 2.63 billion) by 2016. The industry is estimated to have garnered revenues of around Rs 93 billion (US$ 1.63 billion) in 2011, reflecting a growth of 11.5 per cent vis-á-vis year 2010.
