Indian Gaming Industry Achieves New Milestones16 Nov 2011 • by Natalie Aster
This fortnight was special for Indian Gaming Industry as Disney announced its intention to own 100% of IndiaGames. Disney-UTV increased bought additional 30.02% stake in its subsidiary IndiaGames, at an unprecedented valuation of Rs. 3.2bn. UTV had first bought 51% stake in IndiaGames in Dec 2006, at a valuation of Rs. 1.3bn. In slightly less than five years, the valuation of IndiaGames has increased 2.4 times.
Other International media house – Indian Gaming partnerships are Turner’s tie-up with Reliance ADAG’s Zapak for their Cartoon Network characters based games and Electronic Arts – Nazara tie-up for India distribution. Nazara Technologies (a mobile co.) recently incubated social gaming venture PlayCaso set up by ex-Indiagames founder. Zynga has its largest offshore development based in Bangalore.
According to FICCI-KPMG 2011 report, Gaming would grow at a CAGR of 31% to reach Rs. 38bn by 2015 from Rs. 10bn in 2010. Mobile gaming would grow at a higher CAGR of 45% and contribute close to half of total gaming by 2015.
Shah Rukh Khan has launched a social game for his upcoming movies RaOne in association with IndiaGames with a voiceover by Amitabh Bachhan. This reflects an upcoming trend of combining Bollywood and Gaming, another first for the industry.
India’s leading gaming company has set a new record. The high valuation reiterates the bright future of gaming in India.
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New HD Channels in line
Zee Entertainment plans to launch upto four HD channels in FY13. Meanwhile Reliance Broadcast also plans to launch a new HD channel this year by December. HD channels help DTH players raise their consumers ARPU and offer good subscription revenues to broadcasters.
Disney’s UTV buy proposal sent to CCEA
Disney’s proposal to buy all UTV Shares has been sent by FIPB to Cabinet Committee on Economic Affairs for approval. Post approval, Disney would proceed to buyback the shares.
PVR plans Rs. 5.8bn expansion
PVR Ltd. Aims to be the complete retail entertainment provider. It will invest Rs. 5.8bn in six entertainment cities and 350 new screens across the country. An entertainment city concept will have 15-screen multiplex, with four gold class theatres, a 24-28 lane bowling alley, an Olympic size ice skating rink, food courts, casual dining restaurants and a microbrewery, based beer island. The first one is coming at Noida. PVR has also earmarked an investment of Rs. 750mn over next three years to expand PVR Bluo, its Bowling Alley’s operations. It plans to have 250 lanes operational in three years time.
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