MANAGEMENT DISCUSSION AND ANALYSIS REPORT MEDIA AND ENTERTAINMENT INDUSTRY OVERVIEW The industry recorded a double digit growth. The Indian Media and Entertainment (M&E) industry grew significantly in the past years. The evolving consumer brferences, technology breakthroughs, enhanced advertising spend and industry consolidation will be the M&E industry's major growth drivers. INDIA'S FILM INDUSTRY Contributions of revenues emanating from cable and satellite rights' are likely to account for 13% of the overall industry size. COMPANY'S PERFORMANCE Business Performance Review and Out-look for the current year During the year under review, the Company has reviewed all its business divisions and the company has been concentrating in activities like multimedia training, and Digitalization of the theaters and Film Production tie ups with experts in the market and your company's performance will be encouraging in the years to come. The financial details have been given elsewhere in the report. PRINCIPAL RISKS AND UNCERTAINTIES Piracy: Piracy of the produced content, under the purview of intellectual property rights, can adversely affect revenues and profitability. Mitigation: Industry members have set up an Antipiracy Society (AACT) to fight the menace. |