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| Exchange Disseminated Time | Saregama India Ltd has acquired music rights of films of major banners like Yash Chopra, Rajshri, Ramesh Sippy etc to be released during this year. The successful negotiations with the producers have reduced the commitments for these music rights. Television software is doing well and will contribute to the bottomline Tie-up with Warner Home Video ABP group will bolster revenue. There will be also increased income for publishing stream. Growth in CD volumes and further reduction in opex is also expected to contribute to the company's performance.
However the current year will continue to feel the repercussion of high music acquisition costs for the new Hindi films, lower realizations on account of price adjustments and lower volumes due to MP3 proliferation. The company therefore expects FY 02-03 to be as difficult as the previous year in view of the above reasons. However, the company is expected to move to profitability from FY 03-04 onwards. |
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