2013 : Indian Cinema completes 100 year
2013 marks 100 glorious years of Indian cinema. It was a century back when Dadasaheb Phalke, father of Indian Cinema, released his epochal feature film Raja Harishchandra on 3rd May 1913 marking the birth of Indian film Industry.
India has the world’s largest film industry in terms of number of films produced and the ticket size but ranks significantly lower in revenues numbers compared to other major markets. The industry which has suffered in last few years is expected to grow at approx 9% yearly and reach around US$2.8 billion by 2015. The industry as a whole is on road of incremental progression with expansion of multiplex chains, increased digitization leading to wider and quicker releases, new revenue models through direct to home releases, increase in over the top consumption channels as well as film using social networks and innovative marketing formats to garner consumer response.