All of the media averages devised and tracked by industry analysts Media Partners Asia (MPA) are in positive territory for the first two months of 2015.
These averages are anchored in the main to TV, pay-TV, broadband and digital media companies.
The big standout winners are country averages for Indonesia and the Philippines, along with sector averages for Asia TV (largely free-to-air broadcasters), as well as European and Asian pay-TV & broadband companies.
Gains by Netflix and Disney lifted the performance of the global media average.
Netflix’s future share price performance largely depends on the expansion of its global footprint as well as its continued success in US and international markets. This could lead to scale across content costs and better margins longer-term.
However, longer breakeven periods and greater competition, especially across Europe and Asia, could quickly dampen sentiment.
Disney meanwhile continues to gain on the back of its second-highest reported earnings per share in history, driven by the halo success of franchises across studio entertainment and consumer products, as well as robust growth at media networks, theme parks and resorts.
In Indonesia, prospects of an improving advertising market, as well as aggressive plans to expand fiber buildout and launch IPTV services, have boosted investor sentiment on Global Mediacom, MNC Group and Emtek.
Global Mediacom, parent of MNC, is expanding its broadband venture Play Media to a targeted 700,000 homes passed by end-2015.
The company has also invested US$20 million in a JV with Tencent to grow social app WeChat, which has close to 35 million users in Indonesia.
Emtek, parent of SCMA (owner of Surya Citra Media and Indosiar) has formed a strategic partnership with Bukalapak, a local player. Emtek has structured the deal via subsidiary Kreatif Media Karya, which will invest in Bukalapak.
Kreatif Media Karya currently manages Emtek’s digital assets including news platform Liputan6.com as well as content and entertainment platform Vidio.com.
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