MUMBAI: Lights, camera, transformation! The entertainment industry is in the midst of a plot twist as digital platforms rewrite the rules of audience engagement. At FICCI Frames 2025, industry stalwarts dissected the evolving landscape, debating whether theatres and streaming services could co-exist in a mutually profitable sequel or if the latter would be the ultimate showstopper.
Filmmaker Hansal Mehta and Netflix India’s VP of content, Monika Shergill, took centre stage in a panel discussion moderated by Saurabh Varma of Content Engineers. The discussion zeroed in on how streaming platforms have not just altered viewing habits but also reshaped Indian storytelling.
With India’s digital entertainment market projected to hit $13 billion by 2027, streaming platforms are no longer just an alternative, they’re an essential part of the ecosystem. Shergill highlighted how Indian content is increasingly gaining global traction, with 60 per cent of Netflix India's viewership coming from international audiences. "The power of streaming lies in its ability to amplify diverse narratives," she said, emphasising how regional content is breaking barriers.
But does this mean curtains for theatres? Not quite, argued Mehta. "Cinema has a soul that streaming can’t replicate. But the audience is demanding smarter, more immersive experiences," he noted. With over 10,000 screens in India, he said, exhibitors are innovating enhanced sound, premium formats, and event-based screenings are drawing viewers back.
The discussion underscored that storytelling now hinges on data-driven insights. "Streaming has democratised content creation. Today, analytics shape scripts as much as creative instincts do," said Shergill. Mehta echoed the sentiment but warned against formulaic storytelling driven purely by metrics.
While Hindi cinema’s box office has seen a 15 per cent recovery post-pandemic, OTT subscriptions in India have skyrocketed, with 450 million users now consuming digital content. "It’s a hybrid future," Mehta admitted. "Theatres will continue to be the temple of cinema, but streaming is the pulpit from where stories reach the world."
With international audiences embracing Indian content like never before, streaming platforms have become a powerful gateway for cross-cultural storytelling. From rooted Indian narratives like The Railway Men to high-octane thrillers, OTT platforms are catering to an increasingly global fanbase. "It’s no longer just about Hindi cinema; it’s about India’s rich tapestry of stories," Shergill pointed out.
Meanwhile, theatrical releases are also seeing a shift towards large-scale, event-driven experiences. Films that promise visual spectacle historical epics, superhero sagas, and big-ticket entertainers continue to bring audiences to cinemas. "The future of theatres lies in making movie-watching an event, not just a routine," Mehta observed.
As India’s entertainment industry rides this digital wave, one thing is clear content consumption is no longer bound by screens or schedules. Hybrid distribution models are emerging, where films are simultaneously released in cinemas and on streaming platforms. Innovative experiments like pay-per-view premieres and interactive storytelling formats are also gaining traction.
"The lines between mediums are blurring, and that’s not a bad thing," Varma concluded. "We’re in the middle of a creative renaissance where technology and storytelling go hand in hand."
Whether it’s a theatrical blockbuster or a binge-worthy series, the show must go on and in this digital era, the audience is always in the director’s chair.
