Media Stocks M-Cap Up 96 Per Cent In 2003-04

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Companies in this sector have outperformed the Sensex by posting a 96 per
cent increase in market capitalisation over the last fiscal. In contrast,
the aggregate M-Cap of the Sensex rose by 90.5 per cent during 2003-04.
Amongst the 24 listed media companies, 18 have reported significant
increases in share prices during the period under review. The industry
acknowledges this optimism that has taken the market in stride. The biggest
media gainers in terms of prices are Television 18 International (342%),
Pritish Nandy Communications (183.30%), Adlabs (180%), Zee Telefilms
(114.70%), Crest Communication (68.16%) and Balaji Telefilms (53.41%). A
study titled The Indian Entertainment Industry: Emerging Trends and
Opportunities made by the Federation of Indian Chambers of Commerce and
Industry its entertainment committee in collaboration with Ernst And Young
speaks of a 15 per cent growth in the entertainment industry. The growth is
estimated at Rs 19,200 crore during the year 2003. The report further
anticipates a compounded annual growth rate of 17 per cent to Rs 42,300
crore from the entertainment industry by the end of financial year 2008.

Source:
http://www.financialexpress.com/fe_full_story.php?content_id=56326