Yeah, simply means paise pohoch gaye hai. I don’t think it will help them unless they have a good selection of songs that younger people can relate to. Using older songs may not make their reels go viral, in my opinion as they won’t be able to relate. Management’s earnings call commentary was decent enough.
They were very confident about the acquisition with Pocket aces and said this would be a great fit for younger audience, which they missed out earlier being a traditional music label company. Let’s see how it goes.
Also, they probably would be launching learning platform with help of AI for users who would like to sing and practice virtually (don’t know how the capital would be allocated there) in coming weeks.
Digi Drive listing: Will take ~2-3 weeks more
Disc. Invested
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