Sony Music Entertainment India (SMEI) reported a 11.27% increase in net profit to Rs 227 crore for the fiscal ended March 2023, up from Rs 204 crore in the previous fiscal. Operating revenue increased 26% to Rs 745 crore, with 64% coming from outside India. Digital, broadcasting, and licensing income increased by 25% to Rs 728 crore, while service income doubled to Rs 17 crore. SMEI generates revenue through monetizing intellectual property rights, content production, and brand promotion services. Read The Rest at :
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