Mumbai, Aug. 26 The apex body of IT software and services, Nasscom, has lowered its 2012 forecast for the animation industry by 27.7 per cent and gaming industry by 16.3 per cent.
It now expects revenues from the animation industry to touch $830 million, against the earlier estimate of $1060 million, and revenues from the gaming industry to touch $1000 million against $1163 million.
This downward revision is largely on account of slackened demand due to the global economic downturn. “…the domestic box office for animation movies has not picked up as estimated, end-to-end skill sets not being developed in the animation services industry and proof of concept/IP creation not up to expectations,” Nasscom said in a press statement.
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Friday, September 18, 2009
Nasscom Lowers Forecast for Animation Industry
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