My question here is - Just like during Initial days Netflix showed movies from other film production houses on its platform. But as it gets to know the taste & preferences of the audience, they started making their own content successfully. Do you feel same can be a threat from streaming platforms like Spotify to the music labels in the future?
Great article, Ankush. I am invested in Tips from slightly lower levels and am basically betting on subscription revenues for streaming platforms rising non-linearly over the next few years.
This is anecdotal ofcourse, but that aside, have you come acrosss there any estimation / trends on rates of increase in subscription revenues that streaming platforms in India may see in the future, and if this pace likely to accelerate / decelerate going forward.
Hi Ankush, Great insight and classical analysis on the Music industry and TIPS as a company. it would be good to see your thoughts on the quality of management of TIPS and the ability to execute non-linear growth. Thank you once again.
Do u think there is still chance to make profit at current valuation after the demerger news. Or do u think there will be some opportunity after demerger to make some investment
One Question Ankush - Tips has already seen a strong re-rating in the last 12 months - Stock having delivered 700% and the last Year PE improving to 48 from 3 Yr Historical PE of 18.
Do you think there is more value creation opportunity here?
Hi Ankush, Very insightful article! Wanted to ask - isn't Saregama the better invt opportunity then? Since it has 4x the #of songs, but only 3.5x the market cap?
Also is it reasonable to assume that Saregama also makes 80% margins in this business ? They have mentioned they made 280cr revenue thru licensing in FY21.
Excellent post. Extremely well researched. Saregama seems to be better placed vis a vis Tips. Large long only investors like Malabar India, Abakkus have already moved into the stock. Many more are likely to line up.
Excellent Article Ankush!!
My question here is - Just like during Initial days Netflix showed movies from other film production houses on its platform. But as it gets to know the taste & preferences of the audience, they started making their own content successfully. Do you feel same can be a threat from streaming platforms like Spotify to the music labels in the future?
Thanks again!!
Very interesting and informative presentation Thanks for sharing and compiling the information 👌
Great article, Ankush. I am invested in Tips from slightly lower levels and am basically betting on subscription revenues for streaming platforms rising non-linearly over the next few years.
This is anecdotal ofcourse, but that aside, have you come acrosss there any estimation / trends on rates of increase in subscription revenues that streaming platforms in India may see in the future, and if this pace likely to accelerate / decelerate going forward.
Hi Ankush, Great insight and classical analysis on the Music industry and TIPS as a company. it would be good to see your thoughts on the quality of management of TIPS and the ability to execute non-linear growth. Thank you once again.
Doesn't Zee Entertainment falls under the same bucket, it also holds similar licenses to songs
Why there is no rerating or crazy run up similar to tips and saregama
Do u think there is still chance to make profit at current valuation after the demerger news. Or do u think there will be some opportunity after demerger to make some investment
One Question Ankush - Tips has already seen a strong re-rating in the last 12 months - Stock having delivered 700% and the last Year PE improving to 48 from 3 Yr Historical PE of 18.
Do you think there is more value creation opportunity here?
Is it better to buy Tips after demerger?
Here is an interesting link on Saregama, They are planning to create their own platform, will wait for your comments on that:
https://www.businessinsider.in/advertising/brands/article/the-almost-120-year-old-saregama-is-ready-for-the-future-here-is-how-it-is-transitioning-to-stay-relevant-for-the-next-few-decades/articleshow/82944754.cms
Hi Ankush, Very insightful article! Wanted to ask - isn't Saregama the better invt opportunity then? Since it has 4x the #of songs, but only 3.5x the market cap?
Also is it reasonable to assume that Saregama also makes 80% margins in this business ? They have mentioned they made 280cr revenue thru licensing in FY21.
Thank you!
Nice post Ankush....Do you think they'd be able to generate 100-120cr annualized profit in the next few years
Great insights brother.!!
Excellent post. Extremely well researched. Saregama seems to be better placed vis a vis Tips. Large long only investors like Malabar India, Abakkus have already moved into the stock. Many more are likely to line up.
Another gem post after Suven & IEX. Your regular reader & subscriber. :)
Great well articulated post! Well done
Solid Post!