FDI in Information & Broadcasting sector drops 31% in Q1 FY25

According to the Department for Promotion of Industry and Internal Trade (DPIIT), the I&B sector received foreign direct investment totaling Rs 3,374 crore in the first quarter of the current fiscal year.

Foreign direct investment (FDI) in the Indian information and broadcasting sector declined by 31% in the first quarter of FY25.

The Department for Promotion of Industry and Internal Trade (DPIIT) reported that the sector attracted FDI of Rs 3,374 crore in the same period, down from Rs 4,893 crore received during the corresponding period last year.

The report indicated that the largest investment in the quarter (April-June) was from Walt Disney, which invested Rs 2,839 crore. Additionally, IVY Entertainment Holdings, which includes B4U Movies, B4U Kadak, and B4U Multiplex, invested Rs 219 crore.

It’s important to note that Walt Disney's substantial investment occurs while its subsidiary Star India is in the process of merging with Viacom18 to form an $8.5 billion media entity.

In FY24, Foreign Direct Investment (FDI) in the sector rose by 87% to reach Rs 7,012 crore, up from Rs 3,745 crore in FY23.