Credit outlook negative for film production, print media, TV broadcasting: ICRA

Ratings agency ICRA on Thursday said the credit outlook for film production and exhibition, print media and television broadcasting segments is negative due to the impact of the coronavirus pandemic, while the same is stable for distribution platform operators and over-the-top platforms.

Observing that the impact of COVID-19 on Indian media and entertainment (M&E) industry is a mix of pain, hope and opportunities, it said the pandemic has impacted the sector in a varied manner.

The sector comprises film production and exhibition, print media and television (TV) broadcasting segments, besides distribution platform operators (DPOs) and over-the-top (OTT) platforms.