Login

News on Medial

Tech giants expanded India's video revenues to $8.8 billion in 2023: report

Economic TimesEconomic Times · 8m
Tech giants expanded India's video revenues to $8.8 billion in 2023: report

According to a report by Media Partners Asia (MPA), global tech giants like YouTube, Meta, Netflix, and Amazon have contributed to India's video revenues reaching an estimated $8.8 billion in 2023. Major Indian media companies, including Star India, Viacom18, Zee Entertainment, Sony Pictures, and Sun TV, have reported significant revenue figures as well. The report highlights the need for consolidation through mergers and acquisitions as India's pay-TV market transitions to connected TV. It also emphasizes the importance of extracting value from pay-TV affiliate fees, expanding the SVOD market, and capitalizing on the video advertising market. The fallout of the Sony-Zee agreement is expected to have significant implications for content and distribution businesses in India.

View Source

Comments

More Like this

Indian startups raised more than $11 Bn in 2023: Report

Indian startups raised more than $11 Bn in 2023: Report

Perplexity AI Challenges Google with 250M Queries, $25

Perplexity AI Challenges Google with 250M Queries, $25

India tech startups see lowest funding in five years, just two unicorns in 2023

India tech startups see lowest funding in five years, just two unicorns in 2023

Streaming subscriptions boost 2023 recorded music revenues -report

Streaming subscriptions boost 2023 recorded music revenues -report

India’s video market set to expand to $13 billion by 2028

India’s video market set to expand to $13 billion by 2028

YouTube could be worth $400 billion — that's more than Disney and Comcast combined. We should be paying more attention.

YouTube could be worth $400 billion — that's more than Disney and Comcast combined. We should be paying more attention.

Tim Cook on how India emerged as most preferred market for tech giants

Tim Cook on how India emerged as most preferred market for tech giants

Canada to push ahead with digital services tax on global tech firms starting 2024

Canada to push ahead with digital services tax on global tech firms starting 2024

Indian digital gaming industry to more than double to $7.5 billion by FY28: Lumikai

Indian digital gaming industry to more than double to $7.5 billion by FY28: Lumikai

Amazon loses $134 billion in market value as its share price slumped 8.8%, Jeff Bezos loses $15.2 billion of net worth

Amazon loses $134 billion in market value as its share price slumped 8.8%, Jeff Bezos loses $15.2 billion of net worth

Download the medial app to read full posts, comements and news.