Lotsa good news from the India M&E markets
Wednesday, December 28, 2011
Indian Media and Entertainment posted a string of positives though listed bullionaires like Eros and PVR continued to struggle to prove their worth on a perceived high cost base, being measured against some unreasonable expecgtations. While Ra.One was a blockbuster but fell on being second to Sallu's antics, The Don 2 and Mission Impossible concurrent successes of this month are being compared on equally tenuous marks despite $3 mln of daily business as Indian enterepreneurs in their bid to fund the global majors have set a high watermark for profitiong from the success of this entertainment. To a funny bone it might aseem its corporatisation is a s much a dud as that of Foreign banks like Stanchart to harness the Indian Capital markets, with IDRs that do not have the rights for ibnvestors to enjoy the company's performance.
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