News

Neutral Sun TV Network Ltd For Target Rs.670 By Motilal Oswal Financial Services Ltd Star-Viacom merger a potential double whammy for SUN * Sun TV Network (SUNTV) reported a largely in-line 2QFY25, with revenue/EBITDA declining 12%/26% YoY (on a high base). A modest 2% YoY recovery in ad revenue (vs. -5% YoY in 1Q, -8% YoY for Zee) was offset by lower movie production revenue, higher direct costs and other expenses. * Recovery in ad revenue remains the key near-term monitorable. However, we believe the impending Star-Viacom merger could be a potential double w...
Neutral Sun TV Network Ltd For Target Rs.670 By Motilal Oswal Financial Services Ltd
Neutral Sun TV Network Ltd For Target Rs.670 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-19 09:45:20 am
Indian news broadcaster NDTV posts Q2 loss as operating, production costs weigh  India's New Delhi Television (NDTV) posted its fourth-straight quarterly loss on Wednesday, as the news broadcaster's expenses surged. The company, 64.7% of which is owned by ports-to-energy conglomerate Adani Group, reported a loss of 527.7 million rupees ($6.28 million) for the July-September quarter, compared to a profit of 59.1 million rupees in the year-ago period. NDTV's total expenses surged 76% on the back of a jump in operating as well as production and market...
Indian news broadcaster NDTV posts Q2 loss as operating, production costs weigh
Indian news broadcaster NDTV posts Q2 loss as operating, production costs weigh
Source: Reuters
2024-10-23 04:35:48 pm
Indian broadcaster Zee`s Q2 margin jumps, lifting shares Indian broadcaster Zee Entertainment Enterprises posted a fall in second-quarter adjusted profit on Friday, although a sharp drop in expenses lifted its margins, sending shares to close 5.3% higher. Zee, whose $10 billion merger with Sony's Indian unit fell through earlier this year, reported a core profit margin of 16% for the quarter ended Sept. 30, compared to 13.6% a year ago, as expenses fell 20%. Since the deal's collapse, Zee implemented a slew of measures to reduce costs...
Indian broadcaster Zee`s Q2 margin jumps, lifting shares
Indian broadcaster Zee`s Q2 margin jumps, lifting shares
Source: Reuters
2024-10-18 06:10:40 pm
Tips Music falls despite its net profit jumps 21% to Rs 48.16 crore in Q2FY25 Tips Music is currently trading at Rs 766.60, down by 7.25 points or 0.94% from its previous closing of Rs. 773.85 on the BSE. The scrip opened at Rs. 780.00 and has touched a high and low of Rs. 815.70 and Rs. 765.00 respectively. So far 9661 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 876.75 on 14-Oct-2024 and a 52 week low of Rs. 320.50 on 26-Oct-2023. Last one week high and low of the scrip stood at Rs. ...
Tips Music falls despite its net profit jumps 21% to Rs 48.16 crore in Q2FY25
Tips Music falls despite its net profit jumps 21% to Rs 48.16 crore in Q2FY25
Source: Accord Fintech
2024-10-17 10:28:53 am
Network 18 Media falls as its consolidated net loss widens to Rs 152 crore in Q2FY24 Network 18 Media & Investments is currently trading at Rs. 78.94, down by 2.50 points or 3.07% from its previous closing of Rs. 81.44 on the BSE. The scrip opened at Rs. 81.44 and has touched a high and low of Rs. 81.50 and Rs. 78.57 respectively. So far 191670 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 136.20 on 19-Jan-2024 and a 52 week low of Rs. 65.68 on 26-Oct-2023. Last one week high and low of th...
Network 18 Media falls as its consolidated net loss widens to Rs 152 crore in Q2FY24
Network 18 Media falls as its consolidated net loss widens to Rs 152 crore in Q2FY24
Source: Accord Fintech
2024-10-14 02:41:35 pm
Quint Digital moves up on getting nod to raise funds up to Rs 250 crore via QIP Quint Digital is currently trading at Rs. 90.00, up by 1.25 points or 1.41% from its previous closing of Rs. 88.75 on the BSE. The scrip opened at Rs. 89.00 and has touched a high and low of Rs. 92.50 and Rs. 89.00 respectively. So far 7126 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.00 on 06-Oct-2023 and a 52 week low of Rs. 80.00 on 05-Jun-2024. Last one week high and low of the scrip stood at Rs. 92....
Quint Digital moves up on getting nod to raise funds up to Rs 250 crore via QIP
Quint Digital moves up on getting nod to raise funds up to Rs 250 crore via QIP
Source: Accord Fintech
2024-08-13 10:32:39 am
PVR INOX gains on opening 9-screen multiplex in Ahmedabad PVR INOX is currently trading at Rs. 1491.95, up by 1.45 points or 0.10% from its previous closing of Rs. 1490.50 on the BSE. The scrip opened at Rs. 1471.10 and has touched a high and low of Rs. 1494.60 and Rs. 1471.10 respectively. So far 8934 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1879.75 on 08-Sep-2023 and a 52 week low of Rs. 1203.70 on 04-Jun-2024. Last one week high and low of the scrip stood at...
PVR INOX gains on opening 9-screen multiplex in Ahmedabad
PVR INOX gains on opening 9-screen multiplex in Ahmedabad
Source: Accord Fintech
2024-08-02 11:30:07 am
India's Zee Entertainment reports Q1 profit on subscriber growth India's Zee Entertainment Enterprises posted a profit for the first-quarter on Wednesday as the media company saw a rise in its subscribers, sending shares higher by 5%. Zee is among the biggest players in India's media and entertainment industry, where the likes of Reliance Industries and the Adani Group are expanding their presence. The broadcaster, which saw a mega deal with Sony's Indian unit fall through earlier in the year, reported a consolidated net profit of 1.18 bi...
India's Zee Entertainment reports Q1 profit on subscriber growth
India's Zee Entertainment reports Q1 profit on subscriber growth
Source: Reuters
2024-07-31 04:33:53 pm
Quint Digital rises on acquiring stake in Quintype Technologies India Quint Digital is currently trading at Rs. 91.50, up by 1.17 points or 1.30% from its previous closing of Rs. 90.33 on the BSE. The scrip opened at Rs. 90.33 and has touched a high and low of Rs. 92.00 and Rs. 90.00 respectively. So far 2273 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.00 on 06-Oct-2023 and a 52 week low of Rs. 80.00 on 05-Jun-2024. Last one week high and low of the scrip stood at Rs. 92....
Quint Digital rises on acquiring stake in Quintype Technologies India
Quint Digital rises on acquiring stake in Quintype Technologies India
Source: Accord Fintech
2024-07-31 11:35:39 am
Media major NDTV clocks robust revenue growth at 34 pc in Q1 FY25 Leading news network NDTV on Monday reported a significant revenue surge at 34 per cent (year-on-year) in the April-June quarter, outpacing the performance of the previous year's first quarter by a substantial margin.   The rise in revenue was driven by the Lok Sabha election programming and 44 per cent growth in digital traffic. Building on the momentum from the last fiscal year, NDTV continued its strategic investments in upgrading its infrastructure and expanding its distrib...
Media major NDTV clocks robust revenue growth at 34 pc in Q1 FY25
Media major NDTV clocks robust revenue growth at 34 pc in Q1 FY25
Source: IANS
2024-07-30 09:30:50 am
Indian broadcaster NDTV's Q1 loss widens on higher production, marketing costs Indian broadcaster NDTV reported a wider first-quarter loss on Monday, as a rise in expenses overshadowed revenue from political advertisements during the country's general elections. The Adani Group-owned news broadcaster reported a loss of 467.5 million rupees ($5.6 million) in the April-June period, compared to a loss of 81.3 million rupees a year before. Quarterly expenses were surged around 77%, with production costs, among broadcasters' biggest expenses, up 80% and marketi...
Indian broadcaster NDTV's Q1 loss widens on higher production, marketing costs
Indian broadcaster NDTV's Q1 loss widens on higher production, marketing costs
Source: Reuters
2024-07-29 05:32:08 pm
GTPL Hathway declines on reporting 57% fall in Q1 consolidated net profit GTPL Hathway is currently trading at Rs. 168.15, down by 3.70 points or 2.15% from its previous closing of Rs. 171.85 on the BSE. The scrip opened at Rs. 171.50 and has touched a high and low of Rs. 171.50 and Rs. 167.55 respectively. So far 8230 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 217.65 on 10-Jan-2024 and a 52 week low of Rs. 112.05 on 13-Jul-2023. Last one week high and low of the scrip stood at ...
GTPL Hathway declines on reporting 57% fall in Q1 consolidated net profit
GTPL Hathway declines on reporting 57% fall in Q1 consolidated net profit
Source: Accord Fintech
2024-07-12 12:12:17 pm
GTPL Hathway soars on inking pact to acquire balance 49% stake in GTPL Sorath Telelink GTPL Hathway is currently trading at Rs. 182.70, up by 4.65 points or 2.61% from its previous closing of Rs. 178.05 on the BSE. The scrip opened at Rs. 180.00 and has touched a high and low of Rs. 182.70 and Rs. 178.90 respectively. So far 411 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 217.65 on 10-Jan-2024 and a 52 week low of Rs. 109.80 on 04-Jul-2023. Last one week high and low of the scrip stood at Rs....
GTPL Hathway soars on inking pact to acquire balance 49% stake in GTPL Sorath Telelink
GTPL Hathway soars on inking pact to acquire balance 49% stake in GTPL Sorath Telelink
Source: Accord Fintech
2024-07-02 11:26:07 am
NDTV partners Google, new user growth up by 24 per cent NDTV has achieved remarkable success through its innovative partnership with Google, focusing on real-time data insights to refine its content strategy, the media house said.   With this partnership, NDTV witnessed substantial growth as the new user growth increased by 24 per cent, page views moved up by 12 per cent, average session duration extended significantly, and bounce rate improved by 3.7 per cent -- within the first quarter. "To further enhance our standards, our edit...
NDTV partners Google, new user growth up by 24 per cent
NDTV partners Google, new user growth up by 24 per cent
Source: IANS
2024-06-22 09:37:27 am
India's Zee Entertainment says finance chief Gupta resigns India's Zee Entertainment Enterprises said on Tuesday that Chief Financial Officer Rohit Gupta has resigned due to personal reasons and named company veteran Mukund Galgali as acting CFO. Gupta spent nearly six years at the broadcaster. Galgali, the head of Zee's commercial and strategic initiatives, has been with the group for 17 years. He will assume responsibilities as acting CFO from Wednesday, Zee said. Two months back, the media company said it would cut about 15% of it...
India's Zee Entertainment says finance chief Gupta resigns
India's Zee Entertainment says finance chief Gupta resigns
Source: Reuters
2024-06-19 09:36:10 am
Media & Entertainment Sector Update : Q4FY24 Preview: A Flop Show - JM Financial Services Poor box-office collections are likely to lead to a weak performance for PVR Inox in Q4FY24. Lack of big budget movies in Bollywood and Hollywood, coupled with no sleeper hits, should result in sub-par occupancies in the quarter. While the box office collection of regional movies was steady, PVR Inox’s lower market share in the South is likely to lack any meaningful contribution. For Zee, nearterm pain is set to remain elevated, as the company embarks on a medium-term plan of accelerati...
Media & Entertainment Sector Update : Q4FY24 Preview: A Flop Show - JM Financial Services
Media & Entertainment Sector Update : Q4FY24 Preview: A Flop Show - JM Financial Services
Source: JM Financial Services
2024-06-07 01:13:51 pm
Buy PVR Inox Ltd.for Target Rs.1,900 by Elara Capital English/regional content plays spoilsport Expect potential comeback of non-Hindi content PVR Inox (PVRINOX IN) reported muted occupancy of 22.6% in Q4FY24 (900bps lower than pre COVID levels – FY20), largely on: 1) absence of large-scale English/regional content, and 2) below-par Box Office (BO) performance of large budget Hindi films. We expect momentum to pick up towards Q2FY25, helped by strong comeback in regional and English content. There are six large-ticket English films i...
Buy PVR Inox Ltd.for Target Rs.1,900 by Elara Capital
Buy PVR Inox Ltd.for Target Rs.1,900 by Elara Capital
Source: Elara Capital
2024-06-05 04:18:13 pm
Silly Monks Turns Profitable after 4 years - with a kind request to cover Silly Monks (SILLYMONKS), a small-cap publicly listed (NSE) company, and a leader in digital entertainment and content distribution, has declared a significant financial turnaround, achieving profitability after 4 challenging years. The company also announced details of its (Employee Stock Ownership Plan) ESOPs plan. Silly Monks, a Content publishing, distribution, and marketing company reported promising financial results, cheering investors with a PBT of 26.83 lacs for Quarter ...
Silly Monks Turns Profitable after 4 years - with a kind request to cover
Silly Monks Turns Profitable after 4 years - with a kind request to cover
Source: PR Agency
2024-05-28 02:37:52 pm
Media & Entertainment and Internet - Mixed ad spend, elections only respite - Quarterly Preview By Elara Capital Mixed ad spend, elections only respite Moderation in decline of TV ad revenue Ad revenue growth has been declining as a few verticals, such as telecom, education, and eCommerce are not doing well except FMCG, which has seen respite. We expect ad revenue to dip 2% YoY for Zee Entertainment (Z IN) in Q4FY24E despite stable viewership share across genres whereas Sun TV (SUNTV IN) is set to decline by 1% Yo...
Media & Entertainment and Internet - Mixed ad spend, elections only respite - Quarterly Preview By Elara Capital
Media & Entertainment and Internet - Mixed ad spend, elections only respite - Quarterly Preview By Elara Capital
Source: Elara Capital
2024-05-07 12:53:22 pm
NDTV clocks 59 per cent revenue growth in Q4, digital traffic jumps 39 per cent The NDTV Group on Friday announced 59 per cent revenue growth in the fourth quarter (Q4) of the last financial year (FY24), compared to the same period last year. NDTV Convergence, the company’s digital arm, also saw a significant 39 per cent increase in global digital traffic in March 2024 over April 2023 on its platforms. The Q4 revenue is at Rs 106.5 crore in the current year (CY) versus Rs 67 crore last year (LY). During the last financial year, NDTV expanded its presence a...
NDTV clocks 59 per cent revenue growth in Q4, digital traffic jumps 39 per cent
NDTV clocks 59 per cent revenue growth in Q4, digital traffic jumps 39 per cent
Source: IANS
2024-04-27 09:57:15 am
Buy Sun TV Networks Ltd For Target Rs. 750 - JM Financial Securities Sun TV’s 3QFY24 performance was marginally below estimates. Revenues grew by 3% YoY, 7% below JMFe. The miss was however driven by lower movie distribution revenues, in our view. Importantly, core (Ad + Subscription) revenues were likely in-line. That said, ad-revenue growth (-3% YoY; JMFe) remained muted as Cricket World Cup likely diverted FMCG adspend towards cricket. We now expect a more gradual recovery in ad-revenues as a still soft volume growth and soft weak rural demand will li...
Buy Sun TV Networks Ltd For Target Rs. 750 - JM Financial Securities
Buy Sun TV Networks Ltd For Target Rs. 750 - JM Financial Securities
Source: JM Financial Services
2024-04-25 01:37:01 pm
Inox Wind zooms on bagging order for supply of 210 MW of WTGs from Hero Future Energies Inox Wind is currently trading at Rs. 573.10, up by 30.80 points or 5.68% from its previous closing of Rs. 542.30 on the BSE. The scrip opened at Rs. 531.45 and has touched a high and low of Rs. 577.95 and Rs. 523.25 respectively. So far 79567 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 648.00 on 27-Feb-2024 and a 52 week low of Rs. 96.97 on 20-Apr-2023. Last one week high and low of the scrip stood at Rs. ...
Inox Wind zooms on bagging order for supply of 210 MW of WTGs from Hero Future Energies
Inox Wind zooms on bagging order for supply of 210 MW of WTGs from Hero Future Energies
Source: Accord Fintech
2024-04-19 03:31:50 pm
Bodhi Tree Multimedia shines on foraying into Bhojpuri content market Bodhi Tree Multimedia is currently trading at Rs. 17.20, up by 0.60 points or 3.61% from its previous closing of Rs. 16.60 on the BSE. The scrip opened at Rs. 17.20 and has touched a high and low of Rs. 17.40 and Rs. 16.65 respectively. So far 15207 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 23.50 on 31-Jan-2024 and a 52 week low of Rs. 12.27 on 27-Sep-2023. Last one week high and low of the scrip stood at ...
Bodhi Tree Multimedia shines on foraying into Bhojpuri content market
Bodhi Tree Multimedia shines on foraying into Bhojpuri content market
Source: Accord Fintech
2024-04-16 04:30:17 pm
Sungold Media and Entertainment touches roof on entering into MoU with Tycoon Global Media Sungold Media And Entertainment is currently trading at upper limit of Rs. 19.95, up by 0.95 points or 5.00% from its previous closing of Rs. 19.00 on the BSE. The scrip opened at Rs. 19.95 and has touched a high and low of Rs. 19.95 and Rs. 19.95 respectively. So far 20000 shares were traded on the counter. The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 33.35 on 22-Jun-2023 and a 52 week low of Rs. 16.30 on 24-Jan-2024. Last one week high and...
Sungold Media and Entertainment touches roof on entering into MoU with Tycoon Global Media
Sungold Media and Entertainment touches roof on entering into MoU with Tycoon Global Media
Source: Accord Fintech
2024-03-20 01:57:42 pm
Quint Digital shines on acquiring additional 2.35% stake in Lee Enterprises Quint Digital is currently trading at Rs. 115.00, up by 5.10 points or 4.64% from its previous closing of Rs. 109.90 on the BSE. The scrip opened at Rs. 110.50 and has touched a high and low of Rs. 117.00 and Rs. 110.50 respectively. So far 14693 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.00 on 06-Oct-2023 and a 52 week low of Rs. 95.00 on 21-Apr-2023. Last one week high and low of the scrip stood at R...
Quint Digital shines on acquiring additional 2.35% stake in Lee Enterprises
Quint Digital shines on acquiring additional 2.35% stake in Lee Enterprises
Source: Accord Fintech
2024-03-18 10:46:47 am
India`s Reliance to buy Paramount`s stake in Viacom18 India's Reliance Industries has agreed to buy Paramount Global's entire 13.01% stake in local entertainment network Viacom 18 Media for about $517 million (42.86 billion Indian rupees), the U.S. company said in a regulatory filing. Viacom18 is majority-owned by Reliance and has 40 television channels, including Comedy Central, Nickelodeon and MTV. Paramount said it will continue to license its content to Viacom18 after the closing of the deal. It already streams its content thro...
India`s Reliance to buy Paramount`s stake in Viacom18
India`s Reliance to buy Paramount`s stake in Viacom18
Source: Reuters
2024-03-14 09:16:55 am
R K Swamy lists with 12.50% discount on the BSE R K Swamy has debuted at Rs 252.00 on the BSE, down by 36 points or 12.50% from its issue price of Rs 288.00.  The scrip is currently trading at Rs 274.75, down by 13.25 points or 4.60% from its issue price.  It has touched a high and low of Rs 284.50 and Rs 248.00 respectively. So far 4.37 lakh shares were traded on the counter. The offering, which was open for subscription between March 04, 2024 and March 06, 2024 was subscribed 25.78 times. The issue price was fixed at R...
R K Swamy lists with 12.50% discount on the BSE
R K Swamy lists with 12.50% discount on the BSE
Source: Accord Fintech
2024-03-12 11:36:57 am
MPS zooms as its arm completes acquisition of AJE LLC MPS is currently trading at Rs. 1590.35, up by 107.60 points or 7.26% from its previous closing of Rs. 1482.75 on the BSE. The scrip opened at Rs. 1550.00 and has touched a high and low of Rs. 1611.15 and Rs. 1550.00 respectively. So far 7666 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1884.20 on 21-Nov-2023 and a 52 week low of Rs. 809.30 on 03-May-2023. Last one week high and low of the scrip stood at Rs....
MPS zooms as its arm completes acquisition of AJE LLC
MPS zooms as its arm completes acquisition of AJE LLC
Source: Accord Fintech
2024-03-01 12:12:23 pm
Ad spending in India to reach $17 bn in FY24, consumption to rebound  Overall ad spending in India is estimated to reach $16-17 billion in FY24, growing at 6 per cent in the fiscal year, a report showed on Thursday. Digital advertising which accounts for 55 per cent of total spending is set to grow at 6-7 per cent in FY24, according to the report by market research firm Redseer Strategy Consultants. With consumption set to rebound in the next 4 or 5 years, advertising spend is projected to grow at 9-10 per cent Compound Annual Growth Rate (CAGR) ove...
Ad spending in India to reach $17 bn in FY24, consumption to rebound
Ad spending in India to reach $17 bn in FY24, consumption to rebound
Source: IANS
2024-02-29 03:46:46 pm
Reliance Industries gains on signing binding agreement with Disney to form JV Reliance Industries is currently trading at Rs. 2943.60, up by 34.60 points or 1.19% from its previous closing of Rs. 2909.00 on the BSE. The scrip opened at Rs. 2931.05 and has touched a high and low of Rs. 2958.00 and Rs. 2931.05 respectively. So far 48190 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2999.85 on 27-Feb-2024 and a 52 week low of Rs. 2,012.14 on 20-Mar-2023. Last one week high and low of the ...
Reliance Industries gains on signing binding agreement with Disney to form JV
Reliance Industries gains on signing binding agreement with Disney to form JV
Source: Accord Fintech
2024-02-29 10:59:58 am
Reliance, Disney to merge India media assets to create $8.5 billion powerhouse India's top conglomerate Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world's most populous nation. Reliance, led by Asia's richest man Mukesh Ambani, will inject $1.4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake, with Disney owning the rest, the companies said in a joint statement....
Reliance, Disney to merge India media assets to create $8.5 billion powerhouse
Reliance, Disney to merge India media assets to create $8.5 billion powerhouse
Source: Reuters
2024-02-29 09:13:13 am
Uday Shankar to be vice chair of India`s merged Reliance-Disney media business Former Walt Disney executive Uday Shankar will be named as vice chairman of the board following a merger between the India media assets of Reliance Industries and Disney, two sources familiar with the matter told Reuters. Reliance and Disney are expected to make a formal announcement on Wednesday after signing a binding pact. Shankar and Reliance did not immediately respond to a request for comment. Shankar currently sits on the board of Viacom18, the broadcast division of Reliance. ...
Uday Shankar to be vice chair of India`s merged Reliance-Disney media business
Uday Shankar to be vice chair of India`s merged Reliance-Disney media business
Source: Reuters
2024-02-28 05:22:10 pm
Dailyhunt in talks to acquire microblogging platform Koo Media firm Dailyhunt is in the advanced stages of talks to acquire homegrown microblogging platform Koo, a media report said on Wednesday. According to TechCrunch, citing sources, the deal is expected to be finalised "within weeks" and involves a share-swap agreement. Founded in 2020, Koo is owned by Bengaluru-based Bombinate Technologies. The company was founded by Aprameya Radhakrishna and Mayank Bidawatka and is often considered to be India's version of Elon Musk'...
Dailyhunt in talks to acquire microblogging platform Koo
Dailyhunt in talks to acquire microblogging platform Koo
Source: IANS
2024-02-28 12:12:31 pm
Zee Media Corporation gains on getting nod to incorporate wholly owned subsidiary Zee Media Corporation is currently trading at Rs. 15.45, up by 0.14 points or 0.91% from its previous closing of Rs. 15.31 on the BSE. The scrip opened at Rs. 15.20 and has touched a high and low of Rs. 15.55 and Rs. 15.02 respectively. So far 1466976 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 18.30 on 12-Dec-2023 and a 52 week low of Rs. 7.63 on 29-Mar-2023. Last one week high and low of the scrip stood at...
Zee Media Corporation gains on getting nod to incorporate wholly owned subsidiary
Zee Media Corporation gains on getting nod to incorporate wholly owned subsidiary
Source: Accord Fintech
2024-02-13 10:37:43 am
UFO Moviez India soars on entering into strategic partnership with TSR Films UFO Moviez India is currently trading at Rs. 139.60, up by 9.55 points or 7.34% from its previous closing of Rs. 130.05 on the BSE. The scrip opened at Rs. 132.25 and has touched a high and low of Rs. 140.20 and Rs. 132.25 respectively. So far 4387 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 148.05 on 10-Jan-2024 and a 52 week low of Rs. 57.30 on 28-Mar-2023. Last one week high and low of the scrip stood at...
UFO Moviez India soars on entering into strategic partnership with TSR Films
UFO Moviez India soars on entering into strategic partnership with TSR Films
Source: Accord Fintech
2024-01-24 09:55:11 am
Buy PVR INOX for Target Rs. 1,900 - Elara Capital Favorable risk-reward Content pipeline to improve in CY25; remain cautious on CY24 We expect CY25 to be a strong year for content and box office (BO) for PVR Inox (PVRINOX IN), led by 1) a strong come-back of Hollywood (13 large franchise-based films slated for release so far) and 2) come-back of Hindi content (more large budget franchise films), given stability of digital rights from the OTT platform; this, in turn, may drive better ticket prices, food spend and ad revenue, thereby imp...
Buy PVR INOX for Target Rs. 1,900 - Elara Capital
Buy PVR INOX for Target Rs. 1,900 - Elara Capital
Source: Elara Capital
2024-01-19 02:29:47 pm
Media & Entertainment Sector Update :Q3FY24 Preview: A muted quarter By Emkay Global Financial Services Ltd After an exceptional performance in Q2FY24, box office collections moderated in Q3, with a strong showing by select movies in the second half of the quarter. A few big-budget Bollywood movies did well in the quarter, ably supported by select regional movies, while Hollywood fell short of the mark this quarter. For broadcasters, growth is likely to be impacted by the Cricket World Cup in the first half of the quarter which resulted in diversion of advertising spends. However, the festive seaso...
Media & Entertainment Sector Update :Q3FY24 Preview: A muted quarter By Emkay Global Financial Services Ltd
Media & Entertainment Sector Update :Q3FY24 Preview: A muted quarter By Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services
2024-01-14 11:38:06 am
Reliance, Disney start antitrust diligence on India media merger -sources  Indian billionaire Mukesh Ambani's Reliance Industries and Walt Disney have appointed law firms and started antitrust due diligence of their planned Indian media and entertainment merger, four people familiar with the matter said. Reliance has appointed Indian law firm Khaitan & Co and Shardul Amarchand Mangaldas, while Disney has roped in AZB & Partners, the people said. The appointments are the latest sign of progress as Reliance and Disney, which each have a major s...
Reliance, Disney start antitrust diligence on India media merger -sources
Reliance, Disney start antitrust diligence on India media merger -sources
Source: Reuters
2024-01-04 02:49:05 pm
RT India brings its first multi-stage integrated advertising campaign to India, challenging mainstream media narratives about nation  RT India has launched its first major multi-stage integrated India-wide advertising campaign, challenging geopolitical assumptions and the mainstream media’s narratives on India. The provocative out-of-home, online and print campaign involves an array of billboard advertising, bespoke bus and taxi wraps, print ads in newspapers, airport takeovers and an array of other formats, nationwide. The first stage of the two-stage campaign initially poses thought-provoking open questi...
RT India brings its first multi-stage integrated advertising campaign to India, challenging mainstream media narratives about nation
RT India brings its first multi-stage integrated advertising campaign to India, challenging mainstream media narratives about nation
Source: IANS
2024-01-03 01:59:07 pm
$12 bn India`s digital media & entertainment landscape to triple in size by 2030  India’s digital media and entertainment landscape, which is currently valued at $12 billion, is likely to triple in size, a report showed on Wednesday. The growing maturity of internet users coupled with increasing spend on digital media is expected to enable the sector to recover from the recent slowdown in market due to a dip in digital ad spending, among other macro challenges, according to Redseer Research. In the last two years, Non-Real Money Gaming (RMG) and the incre...
$12 bn India`s digital media & entertainment landscape to triple in size by 2030
$12 bn India`s digital media & entertainment landscape to triple in size by 2030
Source: IANS
2023-12-20 01:25:14 pm
PVR INOX inches up on launching first multiplex in Cuddalore PVR Inox is currently trading at Rs. 1782.50, up by 6.85 points or 0.39% from its previous closing of Rs. 1775.65 on the BSE. The scrip opened at Rs. 1797.95 and has touched a high and low of Rs. 1797.95 and Rs. 1778.15 respectively. So far 1930 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1879.75 on 08-Sep-2023 and a 52 week low of Rs. 1336.50 on 17-May-2023. Last one week high and low of the scrip stood at...
PVR INOX inches up on launching first multiplex in Cuddalore
PVR INOX inches up on launching first multiplex in Cuddalore
Source: Accord Fintech
2023-12-18 09:57:44 am
Buy Saregama India Ltd For The Target Rs.465 - Emkay Global Financial Services As the oldest music label in India, Saregama boasts of an enviable catalog of older-generation songs that are nearly impossible to replicate. Company is now putting the pedal to the metal on acquiring new content, to close the gap with the market leader and ensure that it remains relevant even a few decades later. The music licensing industry has flourished, with waning of piracy; Saregama has capitalized on this opportunity, consistently exceeding industry growth. We expect the steady growth...
Buy Saregama India Ltd For The Target Rs.465 - Emkay Global Financial Services
Buy Saregama India Ltd For The Target Rs.465 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-12-14 03:20:44 pm
Buy Zee Entertainment Enterprises Ltd For Target Rs.390 - JM Financial Institutional Securities Ltd ZEEL’s 2QFY24 headline numbers exceeded expectations. Revenues grew by 20% YoY, ahead of JMFe: 11%. Growth construct was however on expected lines. Ad-revenues growth (-3% YoY) remained weak. Subscription revenues (+8% YoY) sustained momentum supported by post NTO 3.0 price hikes. Other sales and services revenue was strong, as anticipated. But extent of uptick (c.3x YoY) surprised positively. Stable non-OTT EBITDA margins (-80bps QoQ) suggests margin uplift (+585bps QoQ) was not owing ...
Buy Zee Entertainment Enterprises Ltd For Target Rs.390 - JM Financial Institutional Securities Ltd
Buy Zee Entertainment Enterprises Ltd For Target Rs.390 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
2023-12-11 04:25:48 pm
Buy Sun TV Network Ltd For Target Rs.750 - JM Financial Institutional Securities Ltd Sun TV’s 2QFY24 growth construct was in-line with ZEEL’s, and our expectations. Muted adrevenues, sustained subscription growth and sharp uptick in movie distribution underpinned its growth, like in case of ZEEL. Topline miss (-12.8% below JMFe) was attributable to staggered revenue recognition of Jailer’s box office collection, which should be recouped in 3Q. Adjusted EBITDA margin (net of movie amortisation expenses) was in-line too. Sun TV echoed ZEEL sentiment of cricket...
Buy Sun TV Network Ltd For Target Rs.750 - JM Financial Institutional Securities Ltd
Buy Sun TV Network Ltd For Target Rs.750 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
2023-12-09 12:43:06 pm
Netflix, Viacom18 among streaming firms set to oppose India broadcasting bill Netflix, billionaire Mukesh Ambani's Viacom18 and other streaming companies plan to collectively lobby the Indian government to delay or revamp a broadcast bill they fear will be onerous for the sector, sources familiar with the matter said. India last month introduced the new draft law to regulate the broadcasting sector that will also apply to streaming giants. It proposes the formation of individual content evaluation committees with members from various social groups who will revie...
Netflix, Viacom18 among streaming firms set to oppose India broadcasting bill
Netflix, Viacom18 among streaming firms set to oppose India broadcasting bill
Source: Reuters
2023-12-02 09:34:32 am
Buy Zee Entertainment Enterprises Ltd For Target Rs.315 - Emkay Global Financial Services Zee’s advertising revenue declined for the fifth consecutive quarter (YoY), down 3.3% YoY in Q2FY24 and broadly in line with our estimate. Ad revenue recovery for Zee has been slow, despite FMCG companies hiking their ad spends. The festive season should grant some impetus to ad revenue growth, which continues to lag. Subscription revenue reported an uptick of 8% YoY, aided by NTO3.0 implementation. Other sales & services reported a strong performance owing to theatrical performance...
Buy Zee Entertainment Enterprises Ltd For Target Rs.315 - Emkay Global Financial Services
Buy Zee Entertainment Enterprises Ltd For Target Rs.315 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-11-24 11:54:37 am
PVR INOX gains on launching 2 new multiplexes in Mumbai, Bhubaneswar PVR Inox is currently trading at Rs. 1650.50, up by 13.35 points or 0.82% from its previous closing of Rs. 1637.15 on the BSE. The scrip opened at Rs. 1650.50 and has touched a high and low of Rs. 1659.50 and Rs. 1644.20 respectively.  The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1925.00 on 6-Dec-2022 and a 52 week low of Rs. 1336.50 on 17-May-2023. Last one week high and low of the scrip stood at Rs. 1682.00 and Rs. 1618.20 respectively...
PVR INOX gains on launching 2 new multiplexes in Mumbai, Bhubaneswar
PVR INOX gains on launching 2 new multiplexes in Mumbai, Bhubaneswar
Source: Accord Fintech
2023-11-15 09:45:19 am
Buy Saregama India Ltd For Target Rs.3,260 - JM Financial Music topline affected by transition of a few OTTs to paywall Saregama’s 2Q EBIT of INR 526mn missed JMFe by 17.4% due to weaker-than-expected revenue in all three reporting segments. Music segment revenue missed JMFe by 12.3% as it expanded only 4% YoY vs. 15%+ growth in each of the previous 9 quarters. The growth slowdown was attributable to the flagship music licensing business, which, our calculations suggest, grew only in low single digits YoY. Essentially, the transition by thr...
Buy Saregama India Ltd For Target Rs.3,260 - JM Financial
Buy Saregama India Ltd For Target Rs.3,260 - JM Financial
Source: JM Financial Institutional Securities Ltd
2023-11-14 11:13:19 am