wordpress blog stats
Connect with us

Hi, what are you looking for?

, ,

Saregama Net Profits Up 42.4% On Flat Revenues; Revenues From Film Down

Physical sales continued to remain under pressure in the quarter ended December 2009 for music and entertainment label Saregama India, whose total income has been flat quarter on quarter, and fallen 18% compared to December 2008.

Lowered spend on production of television serials and films, which has fallen considerably over the last quarter (and 64% on a year on year basis) to Rs. 8.5 million resulted in profit rising 2.6 times from December 2008 quarter. Comparatively, in the September quarter, production costs were at Rs. 23 million. Saregama recorded a 42.4% sequential increase in net profits to Rs. 4.7 million in the quarter ended December 2009.

Saregama has a wide catalogue of music and movies that it licenses out to generate revenues. Revenues from licenses grew 19% to Rs. 141.6 million in the quarter ended December 2009, which is a jump of 159% from the same period last year. Its wholly owned subsidiary Open Media Network prints a weekly current affairs magazine called Open.

Details: Financials

Music Store Launch Delayed?

According to Saregama’s investor update in September, the soft launch of its Saregama.com music store was scheduled in Oct’09 for Saregama employees and the final was to be launched this month depending on the outcome of soft launch. The site reveals it is still under construction. We had first reported on the company’s plans for a music store in August.

The site was to have not just Saregama owned content but content licensed from other labels too – so it would be an independent portal that would compete with the likes of Hungama.com or Nokia’s Ovi Music store.

Advertisement. Scroll to continue reading.

Also read: Airtel versus Saregama – on which is the largest music company in India.

Segment Wise Results: Music & Film

Net losses at Saregama’s Film and TV serials division have reduced to Rs. 15 million in the December 2009 quarter compared to the Rs. 103 million in Dec 2008. Revenues have fallen  13%  to Rs. 29.5 million. In the September quarter, the company was producing three commercial Hindi films by Sanjay Leela Bansali, Apoorva Lakhia and Abbas Tyrewalla’s 1800 LOVE.

Its music division is going strong with net profits rising  23.4% to Rs.69.5 million over a 36.8% rise in revenues to Rs. 237.2 million year on year.


Deja Vu: Saregama Plans Another Music Store

Advertisement. Scroll to continue reading.

FY09: Saregama Reports Rs. 81.4 Million Loss; Music Biz Improves In Q4

Written By


MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.


Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.


Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.


The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.


For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ