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Siddharth Roy Kapur who is the founder of Roy Kapur Films and co-chairman of FICCI Media and Entertainment committee gave a speech at the prestigious 19th chapter of FRAMES 2018 inauguration ceremony on Sunday that has got everyone talking.
Sharing the dais with renowned dignitaries like Union Cabinet Minister of Textiles and Information & Broadcasting – Smt. Smriti Irani and filmmaker Karan Johar, he highlighted the much-needed government interface, comparison to China market and how he as an eminent producer and president of the Producers Guild is really leading the way with the much-required reforms in our industry.
Siddharth kickstarted the speech with a reference to looking at the Media and Entertainment industry with ‘A glass half full and glass half empty’ lens. Referring the capacity of our industry and huge cable and satellite base with ‘glass half full’ and that’s less than 1% GDP of the country and our ARPU being the lowest in the world with ‘glass half empty’, he added ‘we are the largest producers of movies in the world that’s one statistic we like to use very often, but at the same time, our entire industry is valued at less than the worldwide box office of Avatar.’
Check out his speech here:
