Headlines Of The Day
FDI in broadcasting sector declines
Foreign direct investment in the Indian information and broadcasting sector decreased from Rs 4,893 crore in Q1 FY24 to Rs 3,374 crore in Q1 FY25, a 31 percent drop. Radio broadcasting attracted Rs 2,839.60 crore, and the Films and Advertisement segment Rs 535.13 crore, according to data from the Department for Promotion of Industry and Internal Trade.
Walt Disney invested Rs 2,839 crore, and IVY Entertainment Holdings (B4U Movies, B4U Kadak, and B4U Multiplex) Rs 219 crore.
In FY24, the FDI in the sector increased by 87% to reach Rs 7,012 crore, up from Rs 3,745 crore in FY23. The corresponding figure for FY22 was Rs 1129 crore.
| FDI investments | ||
| Investor | Invested in | Value Rs cr |
| Walt Disney | Star India | 2839 |
| IVY Entertainment Holdings | IVY Entertainment | 219 |
| WEA International | Warner Music India | 136 |
| Havas Participations | Havas Worldwide India | 77 |
| SPE India Films Holding | Sony Pictures Films India | 12 |
| Invest Media | Ver Se Innovation | 116.53 |
| Gautam Ramdas | Ver Se Innovation | 38.47 |
| Irelia Company | Irelia Sports India | 287 |
| Wall Street Investments | Delhi Sports and Entertainment | 6.84 |
BCS Bureau
