cataloge comparison.
saregama : 142000 songs ,mcap 6333 cr.( considering 85% revenue contrib from songs) can value mcap as 5064 cr (per Song cost 3.55 L)
TIPS Inds : 30000 songs with mcap 2185 cr (per song cost : 7.28 L).
Though can’t divide equally all songs can learn Tips is acquiring at higher cost. Saregama adds 5000 songs a yr viz a viz 1000 songs by Tips. Tips with Higher acquisition cost and accumulating with lower number of songs with nearly P/E of 27 vs P/E of 33.
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