@NAVofNav this is a very important question and deserves some clarification.
Music producers like #SAREGAMA and #tips acquire 2 types of IP rights/sources of revenue when they acquire the music:
Music producers like #SAREGAMA and #tips acquire 2 types of IP rights/sources of revenue when they acquire the music:
https://twitter.com/NAVofNav/status/1393459822893297669
1. Master Recording rights: (the song) which is for 60 years from the time song was released.
2. Publishing rights: These are for 60 years from the time of death of the writer/composer of the song.
2. Publishing rights: These are for 60 years from the time of death of the writer/composer of the song.
The first ones go away, 60 years after the song was released. But the second ones enable #saregama to use the lyrics and re-record the song (60 more years for this song).
The 1st rights going away is definitely a blow, but the blow is softened by the 2nd set of rights.
The 1st rights going away is definitely a blow, but the blow is softened by the 2nd set of rights.
If we knew the distribution of saregama's content with time (how many songs/how much revenue comes from songs released in 1960/61/62) we could estimate the loss.
On an average this would be 1.6% of content going away each year, but possibly remade. Some years, could end up being as high 5% (just a guesstimate) with some of revenue being compensated by a remake/remix/both.
This should not change the nature of the investment outcome IMHO
This should not change the nature of the investment outcome IMHO
@NAVofNav another interesting excerpt from Tips concall: 
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