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Media stock jumps after company partners with Tik Tok to expand its music reach

Prominent media stock has teamed up with TikTok, providing the platform access to its 31,000 song catalogue. This partnership aims to boost global music engagement and strengthen cultural connections through Bollywood and regional hits.
Media stock surges after announcing partnership with TikTok to expand global music reach.
Media stock surges after announcing partnership with TikTok to expand global music reach.

Introduction:

Leading media stock has partnered with TikTok to expand its global music reach. The collaboration grants TikTok direct access to the stock’s 31,000-song catalogue, enhancing cultural connections and offering a diverse range of Bollywood and regional music to users worldwide.

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Share price movement of TIPS Music Ltd:

On November 25, 2024, TIPS Music Ltd. opened at ₹860.95, a 1.40% increase from its previous close of ₹849.00. The stock reached an intraday high of ₹880.35, up 3.71%, and an intraday low of ₹848.60, rising 0.06%.

By 12:46 PM, it was trading at ₹873.45, reflecting a 2.88% increase. The market capitalization for the day stood at ₹11,064.46 crore.

TIPS Music Partners with TikTok for Global Music Expansion:

TIPS Music Ltd, one of India’s leading music labels, has announced a strategic partnership with TikTok, granting the platform direct access to its 31,000-song catalogue. The move caters to the growing global demand for Indian music.

This collaboration allows TikTok users, including NRIs and expatriates, to seamlessly explore TIPS Music’s diverse library, featuring Bollywood classics and regional hits. The partnership enhances cultural connections and music engagement worldwide.

By integrating TIPS Music’s extensive collection, TikTok aims to offer a richer music experience, promoting Indian music globally while strengthening its platform’s role in cultural expression and entertainment.

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Recent news on TIPS Music Ltd:

As of November 23, 2024, TIPS Music Ltd. announced the upcoming release of its musical short film Love Garage. Directed by Ashish Panda, it features a soulful track by Shaan and Hargun Kaur, showcasing modern romance.

Ace investor holding in TIPS Music Ltd:

Avinash Parsram Wadhwa

Avinash Parsram Wadhwa holds a 1.37% stake in TIPS Music Ltd, with ownership of 1,754,058 shares valued at ₹152.9 crore. His investment highlights confidence in the company’s growth and future prospects in the music industry.

Stock performance of TIPS Music Ltd for Period of 1 week, 6 months and 1 year:

TIPS Music Ltd has experienced a slight decline of 4.64% over the past week. However, it has seen impressive growth, with a 96% return over the last 6 months and a remarkable 130% return over the past year, indicating strong long-term performance.

Shareholding pattern of TIPS Music Ltd:

All values in %Sep 2024Jun 2024Mar 2024
Promoter64.20%64.20%63.90%
FII4.80%2.40%2.10%
DII5.00%6.70%8.20%
Public26.00%26.70%25.90%
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About the company TIPS Music Ltd:

TIPS Music Ltd (NSE: TIPSMUSIC) is a prominent Indian music label founded in 1988. Known for producing iconic hits across various genres and languages, it boasts a catalog of 31,000 songs and has launched renowned artists like Arijit Singh, Badshah, and A.R. Rahman.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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