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Today Date : Wednesday, May 22, 2024

Tips Music to invest up over Rs 180 crore in music biz for FY 2023-24

Tips Music to invest up over Rs 180 crore in music biz for FY 2023-24

The success with PS-1 and other Tamil films has given Music (Tips Industries Limited)the impetus to focus and strengthen their market in the South in the new financial year with plans to invest Rs 180+ crore for the FY 2023-24, which includes music rights of big-ticket films in the South. 

Tips, renewed its ties with South film music by acquiring the audio rights of Mani Ratnam’s Tamil film-series, PonniyinSelvan: I (PS-1) and PonniyinSelvan: 2 (PS-2) in 2022.   Tips recently launched the music of the upcoming film, PS-2 amidst much fanfare. Talking about the music label’s journey in South, Kumar Taurani, Managing Director - Tips Industries Ltd. (Music) said, “In 2016, music picked up bigtime with the entry of Jio and we decided to tap music in all Indian languages. 

After the success in Tamil and Telugu music, we will start exploring Kannada and Malayalam music as well.”
Tips aims to acquire the rights of 10-12 big-ticketTamil filmsfor FY 2023-24, which includes releasing one A+ film every quarter. Apart from PS-2, it currently has Ashok Selvan's movie which has music by Leon James.