Saregama India, an entertainment major has inked pact with Home Entertainment Services by Sony DADC. As per the agreement, Home Entertainment will undertake sales, marketing and distribution of content on its behalf across all the physical formats like CDs and DVDs. With this initiative, the company aims to sharpen its focus on digital distribution of content it manages that spans across genres like Bollywood, Hindustani classical, instrumental, Carnatic and regional.
The company generates about 70% of its revenues from digital format while the remaining is from physical formats. For the fiscal ended March 31, 2013, Saregama’s net profit stood at Rs 8.11 crore, while its revenues were Rs 185.99 crore.
