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Balaji Telefilms TV, film biz report stellar growth; ALTBalaji subscriber base at 13.1 mn
BENGALURU: India’s premier television and digital content creation house Balaji Telefilms Ltd reported stellar performance from its television and film making business (TV business, or standalone) for the quarter ended 31 December 2018 (Q3 2019, quarter, period, under review).
The company has three segments – commissioned programs, films and digital.
Balaji’s TV business commissioned programmes – (number of hours of content creation) grew 11 percent year-on-year (y-o-y) during the quarter under review to 199 hours as compared to 179 hours in the corresponding year ago quarter. Net realisation per hour of commissioned programmes went up to Rs 0.4 crore or by about 21 percent y-o-y in Q3 2019 as compared to Rs 0.33 per hour in Q3 2018. However gross margin and gross margin percentage have both gone down in Q3 2019 to Rs 0.11 crore and 27.3 percent respectively as compared to Rs 0.13 crore and 37.9 percent respectively in the year ago quarter.
Overall, Balaji Telefilms TV business (or standalone) operating revenue increased 87.4 percent in the period under review to Rs 111.3 crore as compared to Rs 59.4 crore in Q3 2018. TV business profit after tax grew 29 percent y-o-y to Rs 12 crore from Rs 9.3 crore.
Balaji reported Rs 7.93 crore for Q3 2019 for its film segment as compared to Rs 1.85 crore for Q3 2018. The segment had an operating profit of Rs 1.42 crore during the period under review as compared to operating profit of Rs 0.73 crore in Q3 2018.
However, on a consolidated basis, it is Balaji Telefilms digital segment, its OTT platform ALTBalaji that more than wiped off the profits generated by the other segments. ALTBalaji incurred a loss of Rs 36.4 crore on operating revenue of Rs 8 crore during the quarter under review. Comparatively, in the third quarter of the previous fiscal, Balaji Telefilms had reported revenue of Rs 1.1 crore and a loss of Rs 17.8 crore for ALTBalaji. The good news is that ALTBalaji’s sold subscription base has gone up by more than twenty times – from 0.052 crore in Q3 2018 to 1.05 crore at close of December 2018.
Balaji Telefilms managing director Shobha Kapoor said, “We are pleased to announce another strong performance this quarter, highlighted improving margins that has cemented our place as a leader in the Indian media industry. Our in-house content gives us the ability to create strong franchises, nurture new talent and ultimately give consumers the best possible entertainment choices, hence making it a value proposition for our investors and stakeholders.”
Let us look at the other consolidated numbers reported by Balaji Telefilms
Balaji Telefilms consolidated revenue from operations increased 48.8 percent y-o-y in Q3 2019 to Rs 96.33 crore from Rs 64.73 crore. Consolidated total income for the period under review grew 50.8 percent y-o-y to Rs 105.3 crore from Rs 69.85 crore. The company reported a consolidated loss of Rs 27.31 crore in Q3 2019 as compared to profit after tax of Rs 25.82 crore in Q3 2018. Calculated consolidated simple EBITDA for Q3 2019 was an operating loss of Rs 26.18 crore as compared to a consolidated operating loss of Rs 7.5 crore in Q3 2018.
Total expenditure for the quarter under review was 66.1 percent higher y-o-y at Rs 126.92 crore as compared to Rs 76.4 crore in Q3 2018. Cost of production/ acquisition and telecast fees in the quarter at Rs 95.95 crore was 26.6 percent higher y-o-y as compared to Rs 75.77 crore in Q3 2018. Marketing expenses increased 53.5 percent y-o-y in Q3 2019 to Rs 10.74 crore from Rs 7 crore. Employee benefits expense in Q3 2019 increased to more than double – (increased by 107.2 percent) to Rs 14.25 crore from Rs 6.87 crore. Other expenses in Q3 2019 declined 18.7 percent y-o-y to Rs 9.83 crore from Rs 12.08 crore.
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GUEST COLUMN: How content leaders decide what gets greenlit
MUMBAI: As audiences spread across TV, OTT, and short-form platforms, deciding what gets greenlit has become more strategic than ever. Content leaders now weigh clarity of concept, platform fit, pacing, and distinctiveness to ensure a story connects with the right audience in the right format.
In this piece, Dhruv R Jain content head TV at Rose Audio Visuals, explains how greenlighting decisions are shaped by concept strength, platform behaviour, and the need for unique storytelling. Drawing from his experience at Rose Audio Visuals, he outlines how these factors influence which ideas move from pitch to production.
In recent times the Indian entertainment landscape has changed in many ways leading us to also modify our process in deciding what should be greenlit in terms of content. As the options for audiences to view content change from the traditional TV space to OTT and even social media the stories that are told on different platforms also differ. Multiple factors play a part in deciding not just the story told but also the way they will be told.
Firstly the primary filter in the process is the clarity of concept. Whenever content leaders approach a story they tend to simplify it in terms of it being written and told through the screen. The crew involved in making the story should have an inside out idea of all the factors of the story for it to resonate and be understood by the audiences. We dissect the story into the smallest components to spread it through the writing and format the story in a way that would build intrigue giving it hooks, drops points and defined execution. A concept that is executed properly with details will be understood and appreciated by the audience irrespective of its genre.
The content that is being chosen to be greenlit also highly depends on the platform it is being made for. Different mediums like TV channels, Ott platforms and short format apps etc have different sections of audiences that look for a specific kind of story to watch depending on multiple factors again. So while choosing a story for them one needs to study their audience, the structure that works for the platform, the pacing in which the story will be understood and the kinds of story that would fit the platform. While TV is a medium which is highly expository in its telling with slower pacing, on the other hand Ott platforms give us a space to tell a story with the approach of less is more with faster pacing of the story itself. This becomes an important factor in choosing stories and their way of telling.
Another factor that plays an important role is the distinctiveness of a concept. A concept with a unique approach, set up and characters bring freshness. At Rose we have always attempted to tell stories that stand out with our most recent Itti Si Khushi by setting up the show in a unique location like Kotachiwadi, a historic unique set up in the south of Mumbai that has not been shown on TV before we gave the already iconic Shameless an interesting Indian twist. At the same time the show in itself follows an unique storyline that brought something different to the medium of TV. So telling a different and unique story that stands out always brings in curious audiences which we sustain then with strong characters, hooks and plot points.
In addition to these factors many others become prominent in deciding what gets greenlit. It is on the content leaders to find the right time and space for the concept that they believe will be received well by the audiences. One needs to be a multitasker to understand, organise and execute a project properly.
Note: The views expressed in this article are solely the author’s and do not necessarily reflect our own.
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Series Mania Forum names Korea as first country of honour for 2026
PARIS & LILLE, FRANCE: Series Mania Forum has named the Republic of Korea as its first-ever Country of Honour, marking a major milestone for the European television industry gathering set to run alongside the Series Mania Festival in Lille in March 2026.
The announcement was made by Laurence Herszberg, founder and general director of Series Mania, underscoring Korea’s rising influence in global content creation and distribution.
As part of the initiative, the Korea Creative Content Agency (KOCCA) will bring a delegation of eight leading companies to the forum, including Channel A Corporation, CJ ENM, EO Content Group, KBS Media, MBC, SLL Joongang, Studio S and Whynot Media. The programme will feature dedicated sessions spotlighting upcoming Korean projects, high-level conference panels, networking events and industry showcases.
The move is backed by France’s CNC following a memorandum of understanding signed with Kocca at Series Mania 2024, aimed at strengthening co-production, investment and cultural exchange between the two countries.
The honour coincides with the 140th anniversary of diplomatic relations between France and Korea and follows last year’s Broadcast Worldwide event in Seoul, which highlighted France as its guest country.
Korea’s content market was valued at $43.169 billion in 2024, up 5.7 per cent from the previous year, ranking eighth globally. Demand for Korean series in France has surged, with Netflix reporting viewing time up more than 200 per cent year on year.
Herszberg said the initiative reflects Korea’s recognised excellence in film and television, while Kocca France general director Moonju Kim, said the partnership would deepen cooperation across production and investment.
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Here’s how much Disney is paying its new CEO
CALIFORNIA: Disney has finally named its next ruler and slapped a glossy price tag on the throne.
Josh D’Amaro, heir to Bob Iger, steps into the chief executive role on a base salary of $2.5m, before the real money kicks in. His annual bonus target is set at a punchy 250 per cent of salary, with long-term stock awards worth $26.2m a year. Add a one-off incentive grant of $9.7m to mark the promotion and D’Amaro’s opening package lands at about $38m.
Dana Walden, the other front-runner, does not leave empty-handed. Elevated to president and chief creative officer under a contract running to March 2030, she will earn a $3.75m base salary, with a performance bonus targeted at 200 per cent. Annual stock awards are valued at $15.75m, topped by a one-time incentive of $5.26m. All told, her first-year take comes to roughly $24m.
The board’s decision ends a two-year succession drama that has hovered over Disney’s share price and morale. D’Amaro, previously in charge of parks and consumer products, gets the top job. Walden, until now co-chair of Disney Entertainment, is handed a newly minted creative super-role, reporting directly to him.
Both appointments take effect on March 18, at Disney’s annual meeting. Iger slides into the background as senior adviser and board member, before bowing out for good in December.
The message from Burbank is unmistakable. Continuity, creativity and a very expensive handover. In the House of Mouse, the magic still pays.
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