- Released 185 new songs vs 73 last qtr (Q4 22). Highest in any qtr till now. 142 non film songs and 43 film songs.
- Next qtr acquisition costs will increase.
- Payments are done in parts to acquire the Music :
- 20-25% – Signing
- 50% – Audio and Video Release
- 25% – Final Content Release
- Tips have a good budget (Approximately double compared to last year)for FY 23 for content acquisition.
- Tips industries acquired PS films (2 Movie deal in 5 languages with 60 songs) for less than 25 cr
- Q1 and Q4 are slow qtrs for youtube while Q3 contributes highest revenues from youtube
- Tips able to negotiate better for acquisition if they have better new releases.
- Even after covid demand is able to sustain for songs.
- Tips opened the office in South for south indian music for which Raju Herwani is helping tips industries ( Telugu, Malayalam, Kannada )
- Tips writes off the entire cost of the movie/song when the first song is released, payment for the same might be done historically.
- Company is planning to grow revenues at 30% +
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