#Tipsindustries Q2 2023 Concall Highlights 🎵🎵

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1. Released 228 New Songs, Highest qtrly songs release till Now.

2. 140 New films songs and 88 Non films songs.

3. Content cost increased to 17.2 (Q2 23) cr vs 7.6 cr ( Q2 22) and 7.6 cr ( Q1 23 ). In this qtr written off the cost of PS 1
4. Signed the deal with resso music in Q2 23

5. Whenever songs are released that time full write off is done (Conservative Policy)

6. PS 1 doing well in tamil. Total cost of PS 1 and PS 2 with promotion cost its 25 cr
7. Expected to close deal with Jio savan

8. 95 Cr cash on balance sheet. Planning for a buyback

9. This year FY 23 planning to launch 650 to 700 songs

10. Songs with badshah and honey singh will be released in Q3
11. 75 % revenues comes from digital - 50% is youtube and other music platforms 25%

12. Won the case with Wynk

13. Expecting good revenues from ISRA (Indian Singers Rights Association)
14. Looking for only selected content. In the music business quality is better than quantity. FY 23 content acquisition would be 50-60 cr

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