New Delhi: Leading media stocks have taken a battering in India amid growing concern over heightened competition, fragmentation and rising costs in the media sector. A group of seven leading companies in broadcasting, print, movies and pay-TV, with a combined market capitalization of $US10 billion, is trading 26% lower than recent highs, and some have lost as much as 50%, according to Media Partners Asia. “Another round of corrections is needed to make valuations more palatable, especially as there are key issues limiting earnings visibility,” MPA says. “In the broadcasting sector, more than 100 new TV channels will launch over the next 6-12 months, increasing audience fragmentation as well as the costs of programming, distribution and marketing.”
Ad – Before Content
Related Articles
Nippon TV’s ClaN Entertainment announces VTuber business and capital alliance with Sanrio
From Real to Reel: ZEE5 Global’s Top Titles Show How Real-Life Stories Are Fuelling Viewer Engagement
Fred Media creates new senior roles to spearhead evolving business
CBC renews unscripted paranormal comedy Ghosting with Luke Hutchie and Matthew Finlan for a second season
Karan Johar and Guneet Monga Kapoor’s ‘Gyaarah Gyaarah’ trailer breaks time barriers on ZEE5 Global
LiveU Delivers the Majority for UK Election Coverage with 900 Field Units Feeding 18,000 Sessions for More Than 180 Broadcasters