$Tips Industries Ltd #mystockpitch

Music Industry has undergone a resurgence thanks to streaming which has led to arresting piracy and bringing convenience of access.

While India always plays catch-up to the west, for the first time we see there is parallel mirroring at play thanks to Jio - which makes DSPs like Spotify, Gaana, Wynk and even YouTube thrive.

Whether it's you, your domestic help or your boss - music is an on demand 'streaming' based consumption product compared to pirated downloads transferred via bluetooth in the past.

Every time you stream a song, the record label makes money.

Why Tips?

The Company is de-merging it's films business and has close to 29,000+ songs in its catalogue.

WMG is their international distribution partner for a few DSPs.

The company was instrumental in pushing for fairer share of royalties for labels by suing Wynk Music (which is still sub-judice).

Risks

There is an underlying keyman risk.