Whalesbook
Market mein thoda slowdown hai, baki companies content budget cut kar rahi hain, lekin Reliance ka Jio Studios ekdum opposite chal raha hai. Ye log ₹4,000 se ₹5,000 crore approve kar chuke hain content mein invest karne ke liye, jo ki 30-40% ka solid jump hai. CEO Jyoti Deshpande ka kehna hai ki aim scale badhana aur maximum Indians tak pahunchna hai, woh bhi bottom line par nazar rakhte hue.
Inka production model ekdum jabardast hai. Example ke taur par, Dhurandhar franchise ne budget ₹500 crore se kam rakh kar global level par ₹3,000 crore se bhi zyada kama liye! Is efficiency ke wajah se hi ye log Stree 2, Chhaava aur Laapataa Ladies jaise hit aur critically acclaimed films de pa rahe hain.
Par ek bada twist hai! Itni achhi content banane ke baad bhi, Jio Studios 98% content apne outpur ko third-party platforms jaise Netflix aur Amazon Prime Video par release karta hai. Isse wide reach toh milti hai, lekin direct customer engagement aur profit control kam ho jata hai. India ka media market USD 27 billion ka hai aur OTT pe demand bahut hai. Jab aap 98% distribution dusre platforms pe depend karoge, toh revenue aur profit ka share bhi unhi plans pe chalta hai, jisse direct earning potential kam ho jata hai.
Ab yeh big investment aur platform dependence thoda risky ho sakta hai. Reliance Industries ka P/E ratio 20.9-24.07 ke aas paas hai, jo sector ke average se zyada hai. Analysts ne ise 'Strong Buy' rating di hai aur target ₹1,696.63 rakha hai, par ye external platforms pe dependence ek concern ho sakti hai. Ye streamers apni terms laga sakte hain aur content costs badha sakte hain. Reliance ka stock pichhle saal -8.24% gira tha, aur abhi bhi apne 52-week range mein hai. Direct customer connection na hone se woh poora value capture nahi kar pa rahe jo competitors kar rahe hain.
Phir bhi, analysts kaafi optimistic hain Reliance ke liye. 32 mein se 31 analysts ne ise 'Buy' karne ko kaha hai, aur average target ₹1,696.63 hai. Ye show karta hai ki analysts ko Reliance ke alag-alag businesses par bharosa hai. Haan, 'basic materials' sector mein rating 'Hold' hai, jo sector ke average se kam hai, par overall outlook positive lag raha hai.