This actually will give leverage to TIPS, as of now many streaming apps are still ignoring TIPS and now they have to get into line…
The expense will hit P&L,atleast the first 12 cr payment this qrtr, wondering how they can escape this, in case of Saregama they carry the cost of acquisition over long period of time splitting the cost over many years. and TIPS doesn’t do that and hence this qrtr profit will take a hit.
TIPS is in the top 5 holdings in PF and hence worried
Subscribe To Our Free Newsletter |