India's video OTT market is expected to touch $12.5 billion by 2030 from about $1.5 billion in 2021 and the experts feel that the collaborations route is a positive step towards achieving this growth inorganically.
TRAI has also said that it will not allow the additional burden to fall on the consumers.
“We took a leaf from the way Disney runs their theme park. They made it experiential. We have to make movie going experiential, we cannot be utilitarian and that is what we are working on.”
The Association of Commercial Television in Europe (ACTE) has given its backing to new support for the block’s creative industries coming from the European Parliament.
The Tamil Nadu Digital Cable TV Operators Association, an organisation that represents a section of MSOs and LCOs in Tamil Nadu has issued a legal notice to the Telecom Regulatory Authority of India (TRAI).
India is contributing significantly to the next generation of telecom services with companies collaborating to broaden solutions, the report furthers. Private networks are expected to see a huge demand from enterprises in the near future across industries such as healthcare, education, fintech, e-commerce and entertainment.
The minister added that the Ministry of Electronics and IT (MeitY) will partner with the private sector in areas not just limited to soliciting business for them but for future technology developments like quantum computing, artificial intelligence, cybersecurity and semiconductors, according to an official statement released by the ministry.
GTPL, one of the top cable feed providers in India, said it hoped to work with channel broadcasters over the next 60-90 days to prevent a repeat of the chaos that was seen with the introduction of a new tariff order two years ago.
“PM Modi’s Gati Shakti Master Plan is a major boost to develop a robust telecom infrastructure in our country which will play a key role in seamless connectivity, and is the essence of true “Digitization,” said T. R. Dua, Director-General, DIPA.
The watchdog's announcement on Tuesday follows a report from a UK parliamentary committee this year which warned that the ties between music majors and streaming platforms could stifle innovation in the sector.