Lex Witness successfully completed The 8th Annual Media, Advertising & Entertainment Legal Summit 2019 at The Four Seasons Hotel, Mumbai on 10th October 2019. Here’s an overview.

According to EY, with a population of more than 1.3 billion, India represents a prime destination for M&E companies looking to expand. India is one of the most diverse and vibrant media markets in the world. For media and entertainment (M&E) companies looking to expand geographically, opportunities for growth in India are extensive and exciting.

As per A Billion Screens of Opportunity report by EY, The Indian M&E sector reached INR 1.67 trillion (US$23.9 billion), a growth of 13.4% over 2017.With its current trajectory, it is expected to grow to INR 2.35 trillion by 2021 (US$33.6 billion).

A growing economy, combined with a positive M&A environment, make India an attractive destination for M&E investment- but there are risks. The M&E sector witnessed an interesting mix of deal activity in 2018, both on the traditional as well as the new media front. It’s a sector ripe for consolidation. Digital media, multiplex, radio and TV distribution segments will continue acquiring strong business verticals to expand and complement their existing businesses. This is a trend likely to continue going forward as large media companies look to further strengthen their positions in this fast-growing sector.

Lex Witness since the last 7 years has been organizing a dedicated platform for the M&E sector’s legal professionals to get together and brainstorm on various topical issues. This edition 8th Edition proved out to be one of the most critical paradigms shifts in the way the sector will transition in terms of legal, regulatory and risk related aspects. With the second screens taking charge over the idiot box and royalty rhymes taking a new tone altogether, the summit brought out a major conversation platform.