Appreciate your efforts and observation. Since I do not have any technical expertise, I would not like to comment on that aspect.
For me, more concern some was no major growth in new media in December 2016 quarter and release of some new movie tailor. I would still wait for March quarter as slow down in December quarter could also be due to domenitisation impact. In my previous posts, I did put across report about digital media spending being declined during November December 2016 period.
My evaluation of Shemaroo Youtube viewership is enclosed for Key channels over the time and I find that Shemaroo viewership growth has been reasonable over last 6 month or so on Youtube.
Find enclosed my compilation of Youtube data for some Key channels of Youtube over various date:
As one can find, from October 16 to April 17 period, Shemaroo and Saregama have registered the highest subscriber growth. Also, while in viewership data also, Shemaroo growth of 56% during the period, compares very well vis new movie content owner such as Eros now at 21%, YRF at 43% and Dharma production at 34% (even after release of Babubali 2 Tailor)
So, what I infer is that Nostalagia has its own power. Old is still Gold.
On second point, the management did mention about not more than 2% of balance sheet would be exposed to New film production. The Trailor of new film might be forming part of 2%. However, we need to wait to get management revert on same.
Discl: I have invested in Shemaroo and investor shall undertake its own due diligence before investing. My view may be biased due to my investment.