Unpopular opinion: I find Tauranis, the promoters of Tips to be much more practical, open-minded and have very good understanding of music that helps them buy/create good music at good price. They don’t speak typically MBA type English but speak their heart out. They have clearly transperant accounting policy of writing off music expanses in p&l in same quarter.
The best thing I find about them is open to ideas even it is coming from small time investors and very high quality capital allocation, be it buybacks be it investing in music or dividends. So far they have delivered what they promised. No offence against saregama but the management and capital allocation strategy seems over-rated to me. Though Tips has 1/4th of library of saregama but tips has very high quality songs mostly from 90s and early 2000s and the audience base is much higher for those songs, plus they have video rights for most of their songs.
Disclaimer: invested and biased
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