A wide spectrum of technological upgrades is happening in the media & entertainment industry. The global revenue for media & entertainment will grow at a 5 % CAGR and pass the $1 trillion mark by the end of 2012.
The penetration of online media, with the emergence of Youtube and Google TV, has only added on to its growth. While traditional media & entertainment revenue will grow at a 3% CAGR globally, online media & entertainment revenue will grow at an 18% CAGR.
According to a joint report by KPMG and an industry chamber, the Indian media and entertainment industry is projected to grow at a 13%CAGR to reach the size of $ 24.04 billion by 2014.
Since media & entertainment is a highly competitive industry, it calls for people with specialized skills and personality traits.