Media Q4 Earnings Preview - Still Far From Full Blown Recovery: ICICI Direct 
A man holds a television remote control. (Photographer: Chris Ratcliffe/Bloomberg)

Media Q4 Earnings Preview - Still Far From Full Blown Recovery: ICICI Direct 

Bookmark

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

ICICI Direct Media Q4FY21 Results Preview.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.