Listed media majors log muted Q1, could struggle in first half of FY25

For the film exhibition business, the June quarter was also sub-par due to the impact of both the cricket and election season as well as a lack of big-budget content

A cricket-heavy calendar, lack of big-budget movie releases and elections weighed heavy on listed media majors in the broadcasting and movie exhibition space during the first quarter of financial year 2024-25 (FY25).  

Barring Sun TV, which has outperformed the broader markets as well as the benchmarks with a return of 26 per cent over the last three months, returns for PVR Inox -- six per cent-- and ZEEL – flat -- over this period is nothing to write home about.

The advertising space in Q1FY25 was marked by IPL matches in April and May, the T20 World