News, Movie, Review, Videos, Songs, Album, Trailer, Teaser, Movie Review, Gossip, Gallery, Music, Theater List, Photo Gallery, Upcoming Movie Malayalam, In Theater, Actress Gallery, Actors Gallery, Movie Gallery, Events, Short Films, Movie News, Movie Stills, HD Videos, , Actor, Actress, DVD, Latest Malayalam News, Malayalam movies, Reviews, Photos, Stills, Image, Actress Photos, Actors Photos, Celebrity Photos, Celebrity Interviews, Interviews, Exclusive, Movie, Latest Release, Upcoming Movie, Posters, Hot Actress Photos, Hot Gallery, Hot Photos, Hot Actress image, Exclusive News, Exclusive Videos, Hot Videos, Life Style, Fashion, Relation, Health, Stars Interview, Actress Interview, Actors Interview, Malayalam News, Sports News, Technology News, Beauty Tips, Beauty, Latest Trend, Latest Fashion, Mollywood, Kollywood, Tollywood, Bollywood, Hollywood, Mollywood News, Kollywood News, Tollywood News, Bollywood News, Bollywood movies, Hollywood News, Hollywood movies, Actress Hot Photos, Actress Sexy Photos, Actress cleavage photos, Hot Photos, Hot Videos, Sexy Hotos, Masala Videos, Hot Actress Photos Image Stills Gallery, Photo, Stills, Image, Gallery, Malayalam Actress Photos, Tamil movies, Tamil Actress Photos, Telugu movies, Telugu Actress Photos, Hindi Actress Photos, Mollywood Actress, Tollywood Actress, Bollywood Actress, Kollywood Actress, Sandelwood Actress, Hollywood Actress, XXX Videos, Movies Photos, Trailer, Teaser, Music Video, Hot Clips, Keerthy Suresh Photos, Harini Photos, Chandini Photos, Kareena Kapoor Photos, Latest Photoshoot, Photo Shoot, Latest Actress Photos, Kannada movies, Hindi Movies, English Movies, wallpapers, entertainment, Android Operating System, app for android, android app download, Android App, android apps, Android Games, android app download, best android app, android best app, apps android, Android App Free Download, Free Download App, App Games, games for android, free android games, download android games, download games, free games, android best games, download, google android, android phone, samsung, samsung android, apk, game android, whatsapp android, pokemon, android games, root android, facebook android, best android games, best games, android free games, android tricks, tips and tricks, tips trik android, trik android, android battery tips, android marshmallow tips, how to install, install apk, android apk install, android root, android tools, Apple Technology company, App Store Computer application, apple store, iphone, apple iphone, apple ipad, ipad, apple mac, mac, iphone app, apple apps, app for iphone, best iphone app, iPhone Smartphone, ios, iphone app store, app store, iphone 6, iphone music app, games for iphone, iphone games free, best games iphone, games on iphone, iphone games download, iphone apps, iphone top games, iphone app download, iphone app free download, iphone games download, iphone games free download, iphone tools, Information Technology, technology, new technology, business email web hosting, web hosting, business email, cloud development tools, start web design business, cloud web hosting, best android business card scanner, internet business plan, business pbx system, scalable cloud hosting, virtual dataroom, virtual data room, best business telephone service, cloud infrastructure as a service, bluehost vs ipage, business internet phones, businessinternet, cloud application hosting, internet business sales, network disaster recovery plan, internet business sales, onine backup, cloud computering, business internet houston, business telephone systems reviews, best business phone and broadband deals, cloud tecnology, mobile business phone, hard drive raid recovery, business phone deals, data recovery raid 1, major cloud service providers, business phone and internet providers, internet business service, cloud firewall service, broadband phone service, network coverage comparison, small business phone plan, enterprise cloud solution, best small business phone and internet service, business telephone and internet packages, business voip phone services, cloud call center software, wireless security systems for business, cloud to cloud backup, cyber security small business, virtual host server, free tech support software, raid5 data recovery, wireless technology in business, web based tech support, cloud computing security companies, windows phone platform, Hosting, Conference Call, Software, Recovery, home phone internet bundle, php programmers, Seo companies, Best social media platforms for business, Custom WordPress theme designer, Seo services, WordPress hosting, Psd to WordPress, Social media management, Psd to html, Social media strategies
Indian film industry’s gross box office collection is likely to be USD 3.7 billion (Rs 24,684 crore approximately) in 2020 from the current level of USD 2.1 billion, said Deloitte Touche Tohmatsu India LLP (DTTILLP) in a report.
“In terms of revenue, the Indian film industry has gross box office realizations of USD 2.1 billion which is expected to grow at 11 per cent CAGR reaching USD 3.7 billion by 2020,” stated DTTILLP in a report. The report was released on Sunday at an event in Hyderabad’s Ramoji Film City.
The Indian film industry is the largest in the world in terms of number of films produced with 1,500-2,000 films produced every year in more than 20 languages.
The key growth drivers for the industry are increasing per capita income and growing middle class. Besides, there is demand from Tier 2 and Tier 3 cities.
The other factors for growth are the industry’s diversification into international markets, releasing the potential of digitization, upside from ancillary revenue streams and upcoming use of Visual Effects (VFX) in movies.
The report said that despite the large number of films produced in India, the industry gross realization has been substantially lower than its global counterparts.
For example, the box office realization in the US and Canada stand at USD 11 billion whereas these countries produce significantly lower number of films (about 700 films).
According to the report, the main challenges facing the film industry are low infrastructure, slow growth in average ticket price (ATP), complicated tax regime, rising costs and lack of access to funding, piracy, multiple layers of bureaucracy and prevailing strict censorship norms.
The domestic box office contributes a majority of the revenue, representing 74 per cent of the total industry.
Cable and satellite rights and online/digital aggregation revenues are the fastest growing segments, and are expected to grow at a CAGR of about 15 per cent over the period FY15–FY20.
Further, the industry is dominated by Bollywood, the Hindi film industry, contributing 43 per cent of the revenue while the regional films contribute the remaining 57 per cent.
International films is currently a small, but growing segment, driven by rising numbers of English (and other foreign language) speakers, as well as increasing numbers of international movies witnessing dubbed releases in India.
It said that the other trends in the industry include foreign films gaining share in the Indian industry and entry of international studios through acquisitions.
Going forward, the industry needs to focus on film tourism, skill enhancement, shortening window of release through better planning, updating current technology, countering piracy and growth of multiplexes, to ensure growth and profitability.