Entertainment sector seen at $350bn in 10 yrs

[icernet-admin at listserv.cddc.vt.edu]

 The Indian entertainment sector could generate business worth $350 billion 
in the next ten years and develop into a backoffice for the global 
entertainment industry, experts opined at the India Economy Summit here 
today. Speaking at the session on entertainment at the India Economic 
Summit organised by the World Economic Forum and Confederation of Indian 
Industry (CII), noted film director, Shekhar Kapoor said, “The global 
entertainment industry will be of the size of about $3 trillion in the next 
10 years and about 70 per cent of this revenue will come from Asia. Even if 
we manage to corner 50 per cent of it, we can have an entertainment 
industry of $350 billion.” “India’s opportunity is not just in the film 
sector. It can also become the back office of global entertainment sector,” 
said Star India chief executive Peter Mukherjea.

Source:
http://www.business-standard.com/today/story.asp?Menu=2&story=28265