India's entertainment companies are facing disruptions and shifts in consumer behavior, leading to an existential crisis. Traditional media firms globally are also struggling and seeking mergers to sustain their legacy businesses and stem losses in their digital ventures. The OTT segment is facing challenges as content costs escalate and audience growth slows down. Broadcasting companies in India are attempting hybrid OTT business models, but face competition for digital ad money from tech giants and e-commerce platforms. The industry is in a quandary about the way forward, whether it be mergers or changes in business models.
Shuchi Bansal is the Media & Marketing Editor for Mint, a leading Indian business newspaper. With a focus on national issues, Shuchi writes articles on a range of topics including the Indian film industry, consumer trends, advertising, and gender disparities in the entertainment industry. Her work has also been featured in Hindustan Times and LiveMint.