new delhi the media entertainment sector which saw a contraction of around 24 per cent at rs 138 lakh crore in the pandemicstruck 2020 is expected to log growth this year and double its revenue to rs 268 lakh crore by 2025 a report saidin 2020 the sector had a shortfall of rs 43900 crore to rs 138 lakh crore 189 billion and the revenue almost plunged back to 2017 level said a joint report by industry body ficci and global consultancy firm eythe last quarter of 2020 showed a marked improvement in revenues for most segments and we expect the me media and entertainment sector to recover 25 per cent in 2021 to reach rs 173 trillion 237 billion and then to grow at a cagr of 137 per cent to reach rs 223 trillion 306 billion by 2023 it saidin 2019 the sectors revenue was rs 182 lakh crorewhile we expect the me sector to rebound in 2021 and double to around rs 268 trillion by 2025 the recovery of various segments will vary it saidwhile analysing the shortfall the report said digital and online gaming were the only segments that grew in 2020 adding an aggregate of rs 2600 crore and consequently their contribution to the me sector increased to 23 per cent in 2020 from 16 per cent of 2019other segments fell by an aggregate of rs 46500 crore it saidin 2020 television conventionally retained its slot as the largest segment while digital media overtook print and online gaming overtook a disrupted filmed entertainment segmentaccording to the report in 2020 28 crore indians paid for 53 crore ott subscriptions leading to a 49 per cent growth in digital subscription revenueswhile in 2019 the number was 105 crore only which is even less than halfgrowth was led largely by disney hotstar which put the ipl behind a paywall during the year increased content investments by netflix and amazon prime video and launch of several regional language products it saidin addition 284 crore people consumed content that came bundled with their data plansmoreover the online gaming segment continued as the fastest growing segment of the me sector for the fourth year in a row and reported a revenue of rs 7600 crore in 2020 as against rs 6500 crore a year agothe segment grew 18 per cent helped by workfromhome schoolfromhome and increased trial of online multiplayer games during the lockdown online gamers grew 20 per cent to reach 360 million in 2020 it saidtransactionbased game revenues grew 21 per cent despite adverse regulation in certain states while casual gaming revenues rose 7 per cent it addedaccording to the report the largest absolute contributor to the fall of the sector was the filmed entertainment segment which declined to rs 7200 crore in 2020 from rs 11900 crore for 2019while theatrical revenues plummeted to less than a quarter of their 2019 levels a portion of this loss was made up through higher digital rights revenues which almost doubled