Sun TV: core business valuation play

Sun TV: core business valuation play

By Elara Caps Sun TV (SUNTV IN) posted strong revenue growth including IPL of 47.4 percent YoY, up 43.3 percent QoQ and up 8 percent vs pre-COVID levels to INR 11,393mn, better than our estimates of INR 9,977mn, led by healthy advertising revenue, which grew 40.8 percent YoY to INR 3,432mn, up 2 percent QoQ & dow...


India okays AV co-production treaty with Australia

India okays AV co-production treaty with Australia

The Indian government has approved an audio-visual co-production treaty between India and Australia to promote co-production of films. The Union Cabinet greenlit the treaty last week with a view to promote co-production of films. Such pacts are umbrella agreements under which private and government agencies enter into contracts to produce fil...


Zee: Merger with Sony to drive valuation upgrade

Zee: Merger with Sony to drive valuation upgrade

By Elara Caps Zee Entertainment (Z IN) reported revenue of INR 18,457mn, up 4 percent YoY, on low base, and down 20.5 percent QoQ, down 8 percent vs pre-COVID levels to INR 18.5bn, in line with our estimates, affected by FTA withdrawal (Zee Anmol) and lower ad spend by brands due to weak macroeconomic conditions. ...