E&Y: Hollywood and Bollywood benefit from cooperation

07 September 2012 Consultancy.uk

Hollywood and Bollywood would both benefit from an increased collaboration in the areas of film entertainment, education and tourism. This is what Ernst & Young conclude in the report 'Film Industry in India: New horizons' by order of the LA Film Council.

Bollywood

The Indian film industry is projected to grow from $3.2 billion in 2010 to $5 billion by 2014 at a CAGR of 14.1%. With close to a 1,000 films produced a year, India's filmed entertainment industry is the largest in the world coupled with its theatrical admissions at around $3 billion.

Box Office turnover

Hollywood already contributes approximately 10%-12% of the overall box-office revenue in India. Over the past years American filmmakers have gradually understood the sheer size of the Indian market and hence they are increasingly capitalizing on the market. By 2020 the average box-office revenue in India will be expected to be around 18%-20%.

Hollywood recordings in Bollywood

There has been 42% increase in the number of Hollywood movies shot in India between 2010 and 2011, and that number is expected to grow, the report said. At least five big-ticket Hollywood productions, including the next James Bond, will be shot in India, while Fox is looking at two more films.

Key advantages

A greater collaboration between India and US will result in increased film tourism, cultural and technological exchanges and boosting local talent, and most importantly serve as a showcase on the global stage for Indian art, culture, history and talent. "This could be the beginning of a revolution similar to the one we witnessed in the IT industry at the beginning of this millennium" said Rakesh Jariwala, partner at E&Y.

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Industry veterans launch video game consultancy

26 February 2019 Consultancy.uk

Video game industry stalwarts Philip and Andrew Oliver have departed from their roles with gaming studio Rebellion to found a new consulting outfit. Game Dragons will work with clients looking to scale up in the booming market.

A global entertainment and media outlook by professional services giant PwC recently projected the UK entertainment and media sector will reach £76 billion by 2022, growing at a compounded annual rate of 3.2%, or £8 billion. According to the Big Four firm’s research, the market was due to hit a value of £68 billion by the end of 2018.

The video game market remains a prominent sector in the entertainment industry, with approximately 1.8 billion gamers in the world, whose time is also increasingly spent playing computer games rather than viewing traditional media. It therefore comes as little surprise that a new generation of start-up consultancies are looking to offer industry players advice on how to best tap into the market.The Oliver Twins launch video game consultancyThe latest of these has seen UK gaming industry veterans Philip and Andrew Oliver open a new consulting firm, named Game Dragons. The twin brothers command more than a quarter century of expertise in the video game industry, having founded two gaming studios over the course of their extensive careers. The pair founded Blitz Games Studios and ran it for more than 20 years, before creating Radiant Worlds in 2013. Following another five years running that firm, the Oliver Twins joined international studio Rebellion, which acquired Radiant Worlds in 2018.

The Olivers remained with Rebellion to oversee a smooth integration, but are now keen to apply their knowledge of the workings of the games industry to consulting work, helping other businesses get off the ground in the sector. In particular, Game Dragons will look to help developers, investors and brand holders scale up.

Commenting on the pair’s new venture, Rebellion CEO and co-founder Jason Kingsley said, “Philip and Andrew’s remit was to help with what would be a challenging time of transition for their studio… We are grateful for the assistance they provided and the work they did at Rebellion Warwick. With their huge experience, we’re excited to see their consultancy business grow.”

Related: British women to spend over £1 billion on video games.