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Sony Music Entertainment India (SMEI) reported a 11.27% increase in net profit to Rs 227 crore for the fiscal ended March 2023, up from Rs 204 crore in the previous fiscal. Operating revenue increased 26% to Rs 745 crore, with 64% coming from outside India. Digital, broadcasting, and licensing income increased by 25% to Rs 728 crore, while service income doubled to Rs 17 crore. SMEI generates revenue through monetizing intellectual property rights, content production, and brand promotion services.
The High Court passed the order on September 25 while hearing a lawsuit filed by Saga Music Private Limited (plaintiff 1), which had sought a permanent injunction against Sartaaj and others from using the song in the movie.
Best Media Info: Kenichiro Yoshida, the Sony Corp CEO, said that half of India's population consists of individuals under the age of 30 - which presents huge opportunities in areas like gaming and anime| Television News