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ICICI Direct Report
Multiplexes remain our preferred space in the media segment while broadcasters continue to see near term growth challenges. On the multiplexes front, the box office collection continues to be healthy, albeit Hindi big budget/starrer movies have disappointed sans 'Bhool Bhulaiyaa 2'.
We see continued healthy traction in box office collection led by strong content line up and also see combined entity of top two multiplexes a key beneficiary of scale – in terms of expansion, revenues and margins profile.
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