BACK TO BUDGET HOMEPAGE

Budget 2010-11: Media The Indian entertainment industry is one of the fastest growing. Changing lifestyles and increasing disposable income levels have led to increased penetration levels of the media, although there is still ample scope for growth. Access to global entertainment avenues, outsourcing of animation business to India and increasing migration of Indian population will help this industry to grow at a faster pace. Further, companies have diversified to provide a complete package across various segments of the entertainment value chain. The future of the entertainment industry will be decided on the interplay of a number of reasons like consumerism, advertising spend, content, pricing, technology and regulation. It is estimated that this industry is set to grow at a CAGR of 18% to reach an estimated size of Rs 1.1 trillion in 2011.

Budget Measures Custom duty to be charged only on the value of the carrier medium in the case of imports of films, music and games Service tax to be levied on the transfer of intellectual property rights incase of imports of films, music and games Imports for setting up of Digital Head End equipment by multi-service operators will attract a concessional customs duty of 5% and full exemption from special additional duty Exemption from service tax given to news agencies which provide news feed online subject to certain criteria Surcharge on domestic companies reduced to 7.5% from 10% Increase in the rate of Minimum Alternate Tax from 15% to 18% of book profits  Budget Impact Increase in tax slabs for citizens would result in higher disposable income that will likely trigger increased demand for media and entertainment. The media industry did not receive much attention in the budget in the form of structural reform such as FDI limits, although it will indirectly benefit from the social sector schemes.se products.  Company Impact The rationalization of customs duty structure on carrier medium will help production and post production houses such as Reliance Media Works, Prime Focus and Compact Disc. The concessional customs duty on Digital Head End equipment will incentivise MSOs such as Hathway Cable and Wire & Wireless. Increased demand for media will mean a positive development for players from the print sector such as HT Media and Jagran Prakashan. In the electronic media space, it will be positive for content providers like UTV Software and exhibitors like PVR, INOX Leisure, Cinemax. Budget Impact: Media Sector Analysis for 2009  | Media Sector Analysis for 2011 Latest: Performance Of Media Stocks | Media Sector Report Your feedback is important to us. Please Write to us.

Sector Performance COMPANY PRICE (Rs) 7SEAS ENTERTAINMENT 40.7 (-4.9%) ADDICTIVE LEARNING TECHNOLOGY LTD. 302.8 (-1.3%) ARIHANT ACADEMY LTD. 141.0 (0.0%) BABA ARTS 14.3 (1.6%) BAG FILMS 8.7 (0.7%) BALAJI TELEFILMS 73.1 (3.4%) BODHI TREE MULTIMEDIA 17.6 (-1.6%) BRANDBUCKET MEDIA & TECHNOLOGY LTD. 8.7 (-1.3%) BRIGHT OUTDOOR MEDIA 500.1 (-1.4%) CINELINE INDIA 121.2 (1.3%) CINEVISTA. 19.1 (0.4%) CITIZEN INFOLINE 36.2 (-5.0%) COLORCHIPS NEW MEDIA 4.1 (0.5%) CORDS CABLE 227.9 (5.0%) CRAYONS ADVERTISING 121.2 (3.2%) CREATIVE EYE 6.0 (0.3%) CYBER MEDIA RESEARCH & SERVICES LTD. 136.0 (0.0%) D B CORP 278.7 (0.1%) DAPS ADVERTISING 33.3 (-2.2%) DEN NETWORKS 51.1 (-0.3%) DIGICONTENT 25.2 (-5.0%) DIKSAT TRANSWORLD 130.0 (2.9%) DILIGENT MEDIA CORPORATION 4.6 (4.8%) DISH TV 16.5 (0.8%) DOCMODE HEALTH TECHNOLOGIES LTD. 228.0 (-0.5%) E FACTOR EXPERIENCES LTD. 139.5 (0.4%) ENCASH ENTERT. 29.0 (-3.3%) ENTERTAINMENT NETWORK 241.9 (0.3%) EROS INTERNATIONAL 21.3 (-0.8%) ESHA MEDIA 9.3 (2.0%) G.V.FILMS 0.8 (-1.3%) GANESH FILMS INDIA 26.0 (0.1%) GOLDMINE MEDIA 2.0 (0.0%) HATHWAY CABLE 21.2 (0.5%) HINDUSTAN MEDIA VENTURES 104.3 (1.4%) HT MEDIA 26.9 (1.1%) INOX LEISURE 507.9 (0.7%) INSPIRE FILMS LTD. 44.5 (1.0%) JAGRAN PRAKASHAN 94.2 (1.0%) JMD TELEFILMS 12.5 (2.0%) JUMP NETWORKS 2.6 (4.0%) KOME-ON COMMUNICATION 1.8 (-3.8%) MAAGH ADVERTISING 11.9 (-5.0%) MADHYA PRADESH TODAY MEDIA 37.9 (0.0%) MAXPOSURE LTD. 95.2 (-4.4%) MEDIAONE GLOBAL 42.5 (3.6%) MOXSH OVERSEAS EDUCON LTD. 120.0 (0.0%) MT EDUCARE 3.2 (-4.3%) MUKTA ARTS 71.4 (1.9%) MUSIC BROADCAST 17.3 (0.2%) MUSIC BROADCAST PS 2026 98.2 (-2.5%) NAVNEET EDUCATION 157.4 (0.7%) NDTV 218.8 (1.3%) NET PIX SHORTS 31.5 (0.0%) NETWORK18 MEDIA 81.8 (0.2%) NEXT MEDIAWORKS 7.9 (0.9%) NOVA PUBLICATIONS 16.3 (-2.0%) ORIENT TRADELINK 9.0 (-2.1%) PADMALAYA TELEFILMS 3.0 (-1.6%) PHANTOM DIGITAL EFFECTS 445.8 (1.3%) POOJA ENTERTAINMENT 172.7 (5.0%) PRAVEG COMM 891.3 (-0.2%) PRIME FOCUS 101.2 (0.2%) PRITISH NANDY COMM. 58.5 (0.6%) PVR INOX 1,324.8 (-0.0%) QUINT DIGITAL MEDIA 88.0 (-0.3%) RADAAN MEDIA 2.2 (4.3%) RAJ TELEVISION 140.0 (2.0%) RAP MEDIA 21.6 (5.0%) RELIANCE MEDIA WORKS 59.8 (0.0%) SAB EVENTS & GOVERNANCE NOW MEDIA 11.5 (-2.0%) SADHNA BROADCAST 4.1 (1.0%) SAREGAMA 430.9 (-1.3%) SEA TV NETWORK 8.8 (3.5%) SHARPLINE BROADCAST 7.1 (-1.1%) SHEMAROO ENT. 156.7 (-0.1%) SILLY MONKS ENT 19.7 (4.5%) SITI NETWORKS 0.6 (-1.5%) SRI ADHIKARI BROS. 141.6 (2.0%) SUN TV 675.1 (0.1%) SUNGOLD MEDIA & ENTERTAINMENT 20.0 (0.3%) THINKINK PICTUREZ 36.0 (-1.3%) TIPS FILMS 559.8 (-1.2%) TIPS IND. 441.0 (-0.7%) TV TODAY NETWORK 217.4 (-2.0%) TV VISION 6.1 (4.8%) TV18 BROADCAST 42.9 (0.0%) UFO MOVIEZ 131.3 (-0.8%) UNICK FIX-A-FORM AND PRINTERS 63.3 (0.0%) V R FILMS & STUDIOS 27.6 (-4.0%) VISION CINEMAS 1.3 (0.8%) ZEE ENTERTAINMENT 140.7 (4.3%) ZEE MEDIA CORP 13.1 (0.9%)