Listed media majors expected to struggle in the first half of FY25 | News on Markets

Listed media majors expected to struggle in the first half of FY25 | News on Markets

Listed media majors expected to struggle in the first half of FY25 | News on Markets

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For the film exhibition business, the June quarter was also sub-par due to the impact of both the cricket and election season as well as a lack of big-budget content. (Photo: Bloomberg)


It was a muted quarter for listed media majors in the broadcasting and movie exhibition space, given the lack of big-budget releases, a cricket-heavy calendar, and elections, which impacted movie footfalls (PVR Inox) and advertising (for general entertainment channels or GECs, Zee Entertainment Enterprises or ZEEL, and Sun TV). Barring Sun TV, which has outperformed the broader markets as well as the benchmarks with a return of 26 per cent over the last three months, returns for PVR Inox (6 per cent) and ZEEL (flat) over this period are nothing to write home about.


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First Published: Jul 04 2024 | 3:06 PM IST


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