IPRS which has more than 5,000 members, collects royalties on behalf of them each time their music is played, be it over the radio, live concerts or music OTTs.

As per PWC’s forecast, India’s SVOD market, which is currently (as of 2019) worth $708 million, will grow at a 30.7 per cent CAGR to become a $ 2.7 billion market by 2024. India will overtake South Korea, Germany and Australia to become the sixth-largest VOD market globally.

Bitcoin was the asset to hold during FY21 as the cryptocurrency surged nearly over 800 per cent during the year.

The Indian market is evolving and has huge potential for growth.

As Haathi Mere Saathi, Bunty Aur Babli 2 and Chehre releases are postponed and theatre owners deal with a new list of clampdowns amid rising COVID-19 cases, many are asking if they can deal with – what has started to feel like – 2020 all over again.

Most of the 1,500 theatres that halted operations have not been able to convert their properties.

The boom in audio streaming, short video apps and social media gives a much-needed boost to the sector. How well can it leverage it?

Video paid subscribers will cross 50 million by 2023 and audio subscribers will reach 4 to 5 million by that time.

Subscription revenue saw a 42% surge at $68 million compared to $49 million.