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ICICI Direct Report
The media sector, while expected to grow, is still away from a full-fledged recovery.
Broadcasters are expected to grow (albeit at a moderate pace) on advertising as well as subscription front.
The loss of market share by both Zee Entertainment Enterprises Ltd. and Sun Tv Network Ltd., however, has restricted the growth potential.
In the second quarter of reopening, few regional and small scale hindi movies have helped multiplexes garner revenues.
However, lack of hindi blockbusters and second wave of Covid-19 has pushed the recovery path, further away.
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