Latest report by EY on media and entertainment in India – May 2023
“Music – The segment grew by 19% to reach INR22 billion. Film music, which had reduced during the pandemic, returned at scale. 87% of revenues were earned through digital means, though most of it was advertising led, there being around only 4 to 5 million paying subscribers despite streaming reach of over 200 million”
Music related excerpts : Attached EY Music Excerpt.pdf (4.1 MB)
Complete report on media and entertainment : Indian M&E sector grew 20% in 2022, touching the highest ever mark of INR2 trillion
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