MUMBAI, Aug. 27 -- The advertisement that pays for a Sun TV soap opera in Chennai and the ticket that fills a PVR Inox seat in Gurugram are purchasing the same underlying thing: a moment of undivided attention in a country where that commodity has become harder to command and more expensive to monetise. Q1 FY27 results across India's listed media and entertainment companies revealed just how unevenly that commodity is distributed.

Sun TV Network reported revenue of approximately Rs 1,080 crore for the quarter ending June 30, up 14% year-on-year, with an EBITDA margin of 49.6% - comfortably the highest operating margin of any listed broadcaster in India and a number that the company has maintained in the 45 to 52% range for most of the pa...