Sun TV: Revamping OTT Plan Key To Re-Rating, Says Prabhudas Lilladher
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Sun TV: Revamping OTT Plan Key To Re-Rating, Says Prabhudas Lilladher

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Prabhudas Lilladher Report

In our interaction, management of Sun TV Network Ltd. highlighted -

1. plans to spend Rs 2 billion towards Sun NXT (over-the-top offering) and Rs 3-4 billion towards producing eight new movies which are scheduled to release in next 12 months (release timeline can be delayed due to second strain of Covid-19)

2. Indian Premiere League is likely to yield pretax profits of approximately Rs 1.2 billion/Rs 1.3-1.4 billion in FY21/FY22 respectively and

3. pressure on ad-revenues in FY21 (~25-30% YoY decline is on the cards).

Fresh programming has begun in most geographies and as a result ad-volumes (general entertainment channel and movie genre) have gradually clawed back to pre-Covid-19 levels.

Click on the attachment to read the full report:

Prabhudas Lilladher Sun Tv Management Meet Update.pdf

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