Lights, Camera, Growth: Future of Indian Entertainment Stocks in 2025 Part 2

Nazara Technologies – Esports and Hybrid Gaming Growth Nazara is expanding its gaming portfolio through acquisitions like Smaaash and partnerships in esports and gamified learning. It is capitalizing on India's booming mobile gaming market and increasing advertiser interest in in-game advertising. Strong revenue visibility is expected from subsidiaries like Nodwin Gaming and SportsKeeda. Source: Kotak Securities Saregama and Shemaroo – Regional Content and OTT Licensing Boom Companies like Saregama and Shemaroo are benefiting from rising regional language consumption and B2B licensing to OTT platforms and YouTube. Saregama’s investment in regional films and Shemaroo’s ShemarooMe OTT is expected to drive growth in FY25. Both are asset-light content library players with improving digital monetization. Source: Axis Securities PEN Studios, Eros, and Smaller Content Firms – Film Production and Syndication Recovery Film production firms are seeing a return to profitability as cinema content demand rebounds and OTTs acquire exclusive rights for releases. PEN Studios and others are investing in mid-budget films and regional co-productions. Syndication rights and international sales contribute significantly to topline. Source: Economic Times