JAPAN: Funds pour in as business booms for Bollywood, television networks

December 10, 2015

by NIKKEI Asian Review

India’s media and entertainment industry, known for its Bollywood movies and hundreds of entertainment and news channels, is set to double annual revenues to more than $40 billion in five years, as Prime Minister Narendra Modi’s economic reforms attract overseas investments.

The sector, led by companies such as billionaire Subhash Chandra’s television news major Zee Entertainment Enterprises and media giant Bennett, Coleman and Co. that owns the Times of India and Economic Times newspapers, has entered the world’s top five investment destinations for the first time, according to the 13th Ernst & Young Capital Confidence Barometer report.

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