@FF12: Financing, a cause for concern in M&E

15 Mar,2012

By A Correspondent


The media and entertainment industry of India has scripted a glorious growth story in the past decade or so, and the future looks even more promising with digitization and the advent of technology across media verticals such as broadcast, print and also films. But one area of concern is the lack of private equity and VC funds showing adequate interest.


In a session titled “Financing the Media and Entertainment Business” eminent personalities such as Prashant Jain, Executive Director, HDFC Mutual Fund; Matthew Cyriac, Sr Managing Director, Private Equity, Blackstone; Soumo Ganguly, Managing Director, Moxie Entertainment Pvt Ltd; and Daniel Dubiecki, Founder and Partner, The Allegiance Theatre, Hollywood shared their views on the subject. Ashok Wadhwa, Group CEO, Ambit moderated the session.


Matthew Cyriac started off the session by pointing out that majority of the investments within the media and entertainment industry were made in television and print as they represent a fairly large share in terms of sheer numbers as against Internet and Radio. The Hindi GECs in TV is where typically where a lot of money into followed by regional GECs and sports channel. For print media, it was the regional publications command a lot of attention as regional advertising is very robust – one which extracts a lot of profit.


Prashant Jain pointed out thata lot of companies in India have managed to get good funding and that it is not reflective of a very, very sorry picture as is being talked about. “It’s not that all of India in the media entertainment space not attracting funds. Companies like UTV and a few others have attracted investors.”


Ashok Wadhwa remarked that the film industry in India is not institutionalised enough to attract private equity. Daniel Dubiecki spoke about the need to be more global in concept, widen the scope of the market and thereby making it more viable to attract investments in the films business.


Photograph: Fotocorp

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