Media and entertainment sector revenue crosses Rs 2 trillion mark

The Indian media and entertainment sector posted a robust 19.9 per cent growth in 2022 and crossed the Rs 2 trillion mark in annual revenue for the first time led by a sharp jump in the digital advertising mop-up.

The gross revenue of the media and entertainment industry rose to Rs 2.1 trillion in 2022, which is 10 per cent higher than its pre-pandemic levels in 2019, according to a joint report by Ernst & Young and industry body FICCI.

The media and entertainment (M&E) sector is projected to grow by 11.5 per cent in 2023 to reach Rs 2.34 trillion ($29.2 billion) size. Then it is estimated to grow at a compound annual growth rate (CAGR)