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. ...


Disney rolls out $7.99 ad-supported tier for Disney+

Ad-supported Disney+ service to launch Dec. 8 in US

The Walt Disney Co. has said that it would on December 8 introduce the much-anticipated ad-supported subscription offering for Disney+ in the US, ‘delivering more choice to consumers than ever before’.

A CNBC report indicated that despite all scepticism about streaming services globa...


Truecaller celebrates Azadi ka Amrit Mahotsav

Truecaller celebrates Azadi ka Amrit Mahotsav

Truecaller, the global communications platform will celebrate the Azadi Ka Amrit Mahotsav along with the Ministry of Culture & Government of India across the app, website, and social media communications. Celebrating the 75 years of Independence, Truecaller wi...