In addition to this, K Sera Sera notes that the maximum numbers of people who do watch new movies in a cinema hall in India, on an average, are hardly 2 to 3 per cent. This is based on the fact that most blockbuster Bollywood or regional cinemas which does business of 300 crore and the average rates are being considered as Rs 150, this translates to only 10 to 30 million people.
On the digital front, currently India has over 500 Million active smart phone users and by 2022 the expected numbers are likely to go beyond 750 million. Alongside, there are 450 million active Internet users; the same will be touching beyond 700 million by 2022. Though, India is marginally behind China in this front, there is a great potential for growth since the penetration level is hovering around just 40 to 45 per cent of our total population.
Coming back to Cinema, piracy market in India is thriving because most of the new releases are on the internet almost on the release date itself and same is being watched by millions of people, either on internet or on their smart phones. Apart from movies, digital platforms also have many other Audio visual contents available to the viewers without any costs.
"The major chunk of this input business collection of cinema in India gets divided between producers, distributors and artists. With the help of this survey, we would be in a position to find out the country's approximate available market for Free Cinema Entertainment. This, in turn, will help us evolve newer means of reaching to the target audience at an absolutely grassroot level, support Industry and safeguard all stakeholders without falling prey to piracy market," said, Prasanna Jagtap, Managing Director, K Sera Sera.
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