The Future Of Bollywood: Blending With Streaming Media [Forbes]
Dolby Laboratories (DLB)
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Source: Forbes
KOLKATA, WEST BENGAL, INDIA - Inox cinema hall at the South City Mall Kolkata. (Photo by Avishek... [+]Das/SOPA Images/LightRocket via Getty Images)In 2019, Statista reported that there were nearly 3,000 multiplexes in India with a 2019 revenue of nearly INR 142 billion ($1.89 billion). These revenues were projected to go up to INR 152 billion in 2020. Meanwhile, in 2018, nearly 2 billion Indians bought movie tickets to watch nearly 1,800 movies.Everything came to halt on March 25 when the COVID-19 lockdown was announced in India. Now, initial reports byCNNIndian ExpressEXPRThe future will include creative ways of delivering entertainment content to the Bollywood audience who found an alternative to the theater during the lockdown.Adoption of StreamingA large portion of audiences with access to the internet moved to Over-the-Top (OTT) digital streaming services that would channel content to a personal digital device. Based on a survey done by Velocity MR,the New Indian ExpressRecommen
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DLB
Earnings
- 2/1/24 - Beat
DLB
Sec Filings
- 3/5/24 - Form 4
- 3/1/24 - Form 4
- 3/1/24 - Form 144
- DLB's page on the SEC website