SAREGAMA INDIA SHARES ZOOM TO 44% ON THE FACEBOOK DEAL.


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Uploaded on Jun 10, 2020

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SAREGAMA INDIA SHARES ZOOM TO 44% ON THE FACEBOOK DEAL.

SAREGAMA INDIA SHARES ZOOM TO 44% ON THE FACEBOOK DEAL INTRODUCTION • Saregama India shares hit the upper circuit of 20 per cent after the music company signed a global licensing deal with social media giant Facebook. Source: Google image  LARGEST MUSIC ARCHIVES IN INDIA • 'The Gramophone Company of India Ltd', Saregama owns the largest music archives in India. • The ownership of 44% of all the music ever in India makes Saregama the most authoritative repository of the country’s musical heritage. Source: Google image STOCK PRICE • The stock of the company rallied 44 per cent in the last two trading days from Rs 278. • Shares of Saregama India rose as much as 19.99 per cent to hit an intraday high of Rs 400.70 apiece on the BSE. Source: Google image STOCK PRICE • Saregama India shares were locked in upper circuit of 20 per cent at Rs 401.55 on the National Stock Exchange (NSE).  Source: Google image PARTNERSHIP • This partnership will allow users to choose from a wide variety of music to add to their social experiences. Source: Google image PRTNERSHIP • The global licensing deal will allow Saregama to license its music for video and social experiences across Facebook and its video- sharing app Instagram. Source: Google image VOLUME TRADE • There was spurt in volume trade as 23,000 shares changed hands over the counter as compared to two-week average volume of 1,784 shares. Source: Google image EXPANSION • Saregama has also expanded into other branches of entertainment - publishing, film production and digital content. Source: Google image SPOTIFY • Saregama's deal with Facebook follows its licensing deal with Swedish music streaming service Spotify. Source: Google image THANK YOU