India’s TV industry attempting to adapt to evolving landscape
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2 months ago 06:00:45am Television

India’s TV industry attempting to adapt to evolving landscape

New Delhi, 29-March-2024, By IBW Team

India’s TV industry attempting to adapt to evolving landscape

Amidst dynamic shifts in the media landscape, the broadcast industry in India is facing a pivotal moment of adaptation. Discussions among industry leaders have highlighted the ongoing tug-of-war between traditional linear television and the burgeoning over-the-top (OTT) platforms, emphasizing the need for innovation and, maybe, collaboration to navigate these changes effectively.

Despite the rise of OTT platforms offering convenience and customization, linear television continues to maintain dominance in terms of revenue and viewership — in India at least. Notably, certain demographics and specific content genres such as sports and movies still favor traditional television viewing.

These viewpoints, amongst many others, were evident as articulated by speakers at a session — themed ‘Are the stakeholders ready to introspect?’— at the recently held SatCab Symposium 2024 in New Delhi.

The panellists were Yatin Gupta, SVP, GTPL; Hemlata Sharma, Distribution Head, ZMCL; Anil Malhotra, Head- Public and Regulatory Affair, ZEEL and Ashok Mansukhani, media and corporate law advocate. The session was moderated by Chrome DM’s Founder & CEO Pankaj Krishna.

However, as it became clear through the discussion, the industry is not immune to the challenges posed by the digital revolution. Revenue generation and monetization strategies are under scrutiny, with concerns raised about profitability, pricing models and the intensifying competition from OTT players.

In response, stakeholders are exploring innovative approaches, including long-term partnerships and bundled offerings, to ensure sustainable revenue streams.

Technological disruption, driven by advancements like mobile internet and smart TVs, is reshaping consumer behaviour and content consumption habits. The emphasis is now on device-neutral delivery and adapting to evolving viewing patterns, particularly among younger demographics, panelists stressed.

Recognizing the need for collaboration and industry engagement, stakeholders are rallying for greater cooperation between broadcasters, distributors and regulators. By fostering dialogue and aligning efforts, they aim to develop consumer-centric solutions and effectively navigate regulatory changes.

Central to this adaptation process is a consumer-centric approach, wherein understanding and meeting consumer preferences are paramount.

The speakers did agree that customized content offerings, transparent pricing, and improved customer service are identified key strategies to enhance the viewer experience and maintain audience loyalty.

In conclusion, the television industry in India stands at a crossroads, poised for transformation in the face of technological innovation and shifting consumer demands.

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