Television (TV) industry has an inspiring past and was considered as the greatest and most significant inventions of the 20th century. It began with humble beginnings and was met with skepticism and awe. The most striking thing was this Television has become the integral part of our existence and it has already modified our social behavior. It was popularized in a completely enhanced form shortly after World War II and during the 1950s, it became the primary medium for molding our public opinion. Over the last few decades it has become incredibly persuasive, powerful, and demanded media of marketing and serving as a hottest platform to sell the products globally as well as locally.It also plays an imperative role in disseminating cultures, information’s and values due to its easily accessibility and availability and brought the world closer together. Television has experienced innovation in technology, consumption, regulatory frameworks and industry structure, both historically and globally. As an industry it has experienced convergence with