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Jamal Mecklai: Rabbit in the headlights - again
Jamal Mecklai / New Delhi October 16, 2009, 0:14 IST

'Legal action is the only way to protect revenues'
The 2009 KPMG-Ficci report on the Indian media and entertainment industry points out that the music industry has declined from Rs 830 crore in 2005 to Rs 730 crore in 2008. Revenue from the sale of compact discs (CDs) and cassettes that accounted for 87 per cent of the total turnover of the industry has dropped to 60 per cent. Piracy and the increasing trend of loading portable storage devices with unauthorised and unlicensed music have eroded the profitability of music companies. Against this backdrop, Bhushan Kumar, chairman and managing director of the Rs 350-crore Super Cassettes Industries, the country’s leading music company that owns the T-Series label, is gunning for platform-owners (television and radio channels, among others) who are making unauthorised use of his music. Kumar, 31, spoke to Shuchi Bansal on the challenges facing the industry and his company’s initiatives to keep its head above water. Excerpts:

News of the day

Bacardi launches Bacardi O, to focus on smaller cities
Leading global premium spirit manufacturer, Bacardi Ltd, today launched Bacardi "O", an orange-flavoured rum in the state and plans to focus on Tier II and III markets in the country.
Small Business

Gujarat NRE up on 100% jump in Q3 net

Gujarat NRE Coke ended at Rs 81, stronger by Rs 2 or 2.6%, on the BSE. - Crompton Greaves gains on plans of bonus issue - Sensex extends losing streak - Markets tepid in late-afternoon trades - J Kumar Infra soars on order win - Jaiprakash Power to raise Rs 2,500cr - Shree Renuka Sugars board okays 1:1 bonus issue The stock opened at Rs 77 and touched a high of Rs 82 and a low of Rs 75 during the day. The counter witnessed trades of 15.01 lakh shares on the BSE, as against the two-week daily average trade of 10.18 lakh shares. -------------------------------------------------------------------------------(Updated at 1017am) Gujarat NRE Coke has gained 3% as Q3 net doubles to Rs 26.68 crore. The stock opened at Rs 77 and touched a high of Rs 82.20 - up 7% rom its open. The stock is now trading with a 2.5% gain at Rs 81. Around 5.57 lakh shares have been traded on the BSE so far. The company has informed the BSE through a press release that the net profit has jumped 101% to Rs 26.68 crore for the quarter ended December 2009 from Rs 13.26 crore in the corresponding quarter a year ago. Total income, however, declined 27% to Rs 321.68 crore from Rs 439.32 crore in the same period.


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