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International FRAMES 2002 seminar on entertainment business kicks off in Mumbai

FRAMES 2002 seminar on entertainment business kicks off in Mumbai

Author | exchange4media News Service | Monday, Jan 01,1900 9:08 AM

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FRAMES 2002 seminar on entertainment business kicks off in Mumbai

Inaugurating the two-day global convention on Business of Entertainment, FRAME 2002 at Mumbai, Union minister of state Information and broadcasting Sushma Swaraj, expressed deep concern over the ongoing piracy menace, prevalent rate charged by cable operators and slow pace of content creation and development of human capital within the country.

She said that the government is thinking about introducing a conditional access system, which will become mandatory for pay TV viewing. However the division between the government and some broadcasters over this issue was brought in to focus when Star’s James Murdoch openly opposed the move.

Swaraj also hinted that government is exploring the option of getting into film co-production deals with foreign countries.

James Murdoch, chairman and chief executive of the STAR group, in his key note, expressed disappointment and blamed cable operators for under declaration of number of subscribers. He added that broadcasters were losing revenue because of this. According to him, almost Rs 2,000 crore is struck at the sub-operator level that should be flowing throughout the system. “Until it is unlocked, if you will, the whole business is at risk,” he warned.

Arthur Andersen also released a report on entertainment industry. The report suggests that the entertainment industry grew by 30 per cent in 2001 to Rs 13,000 crore, outperforming all other sectors except information technology. The report goes on to say that the total ad spend increased by 10.2 per cent in 2001 to Rs 7,850 crore, with shift in adspend in television contributing to the growth.

The subscription revenue saw a higher growth of 33 per cent to Rs 4,000 crore. This is expected to contribute substantially to the overall increase in the industry size in future.

Rabo Bank in association with Ficci released the Rabo India Finance report. The report prepared by Suni Kheterpal, senior manager-strategic advisory/M&A, Rabo Bank India, outlined the key difference between the US and the Indian film industry from the perspective of various constituents for propagating the concept and structures related to organised film financing in the country.

Maharashtra chief minister Vilasrao Deshmukh announced that state-of-the-art studios have been developed in the film city and added that global uplinking facility would also be set up there.

Tags: e4m

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