MUMBAI: Saregama India has announced a net profit of Rs 31.80 million for the quarter ended March 2008, a drop of 26.22 per cent from the same quarter last year, when the company posted a standalone net profit of Rs 43.10 million.
Net sales for the quarter climbed 37.13 per cent to Rs 392.60 million, while total income for the quarter rose 32.08 per cent to Rs 424.10 million, compared with the same period last year.
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MUMBAI: In a rare deal, music label T-Series has acquired the music rights of UTV's 16 forthcoming films. The deal includes the physical and digital music publishing rights of the films, making it the biggest music deal Bollywood has seen till date.
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