Tips industries Q1 2023 Concall Highlights

112 Comments / Q3 Concall Highlights
  • 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 :
  1. 20-25% – Signing 
  2. 50% – Audio and Video Release
  3. 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% + 

112 thoughts on “Tips industries Q1 2023 Concall Highlights”

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