ITV

Category: Over The Top Services

  • Netflix renews ‘Orange is the New Black’ for three seasons

    Netflix renews ‘Orange is the New Black’ for three seasons

    MUMBAI: Netflix has renewed Lionsgate’s original series Orange is the New Black for three additional seasons.

    Season four of the comedic drama set in a women’s prison from creator and executive producer Jenji Kohan will premiere on 17 June with additional seasons five, six and seven premiering in future years.

    Currently seasons one through three are streaming on Netflix.

    Concurrently, it was announced that series creator and executive producer Jenji Kohan has committed to continue as Orange is the New Black’s executive producer and showrunner for seasons five, six and seven.

    “Jenji and her team have produced a phenomenal and impactful series that is both funny and dramatic, outrageous and heartfelt. Audiences around the world have come to love the ladies and men of Orange is the New Black, and we are eager to see where three more seasons will take them,” said Netflix vice president of original content Cindy Holland.

    “Three more years! Not quite a political term, but still plenty of time to do some interesting things. In some cultures, ‘May you lead an interesting life,’ is a curse, but I don’t live in those cultures,” said Kohan. “Here’s to keeping it interesting. Thanks Netflix! Both thanks and you’re welcome Lionsgate! And kudos and gratitude to the stellar cast and crew and writers and producers and editors and musicians and mixers and shleppers… with whom I have the pride and honor of crafting this show. Three more years! Three more years!”

    “We’re proud to continue our long-standing relationships with Netflix and the incredibly talented Jenji Kohan and delighted that one of the most acclaimed shows on television will continue on Netflix for three more seasons,” said Lionsgate Television Group chairman Kevin Beggs. “Jenji’s brilliant creative vision and a truly amazing cast have catapulted Orange is the New Black to the forefront of the platinum age of television, and we’re pleased that Orange fans around the world will be rewarded with another three seasons.”

    The hour-long series stars a diverse and award-winning ensemble of women including Taylor Schilling, Uzo Aduba, Kate Mulgrew, Laura Prepon, Laverne Cox, Dascha Polanco, Danielle Brooks, Selenis Leyva, Samira Wiley, Taryn Manning, Yael Stone, Jackie Cruz, Lea DeLaria, Adrienne C. Moore and Elizabeth Rodriguez, along with Michael Harney and Nick Sandow. The series is based on the best-selling memoir of the same name by Piper Kerman.

  • Netflix renews ‘Orange is the New Black’ for three seasons

    Netflix renews ‘Orange is the New Black’ for three seasons

    MUMBAI: Netflix has renewed Lionsgate’s original series Orange is the New Black for three additional seasons.

    Season four of the comedic drama set in a women’s prison from creator and executive producer Jenji Kohan will premiere on 17 June with additional seasons five, six and seven premiering in future years.

    Currently seasons one through three are streaming on Netflix.

    Concurrently, it was announced that series creator and executive producer Jenji Kohan has committed to continue as Orange is the New Black’s executive producer and showrunner for seasons five, six and seven.

    “Jenji and her team have produced a phenomenal and impactful series that is both funny and dramatic, outrageous and heartfelt. Audiences around the world have come to love the ladies and men of Orange is the New Black, and we are eager to see where three more seasons will take them,” said Netflix vice president of original content Cindy Holland.

    “Three more years! Not quite a political term, but still plenty of time to do some interesting things. In some cultures, ‘May you lead an interesting life,’ is a curse, but I don’t live in those cultures,” said Kohan. “Here’s to keeping it interesting. Thanks Netflix! Both thanks and you’re welcome Lionsgate! And kudos and gratitude to the stellar cast and crew and writers and producers and editors and musicians and mixers and shleppers… with whom I have the pride and honor of crafting this show. Three more years! Three more years!”

    “We’re proud to continue our long-standing relationships with Netflix and the incredibly talented Jenji Kohan and delighted that one of the most acclaimed shows on television will continue on Netflix for three more seasons,” said Lionsgate Television Group chairman Kevin Beggs. “Jenji’s brilliant creative vision and a truly amazing cast have catapulted Orange is the New Black to the forefront of the platinum age of television, and we’re pleased that Orange fans around the world will be rewarded with another three seasons.”

    The hour-long series stars a diverse and award-winning ensemble of women including Taylor Schilling, Uzo Aduba, Kate Mulgrew, Laura Prepon, Laverne Cox, Dascha Polanco, Danielle Brooks, Selenis Leyva, Samira Wiley, Taryn Manning, Yael Stone, Jackie Cruz, Lea DeLaria, Adrienne C. Moore and Elizabeth Rodriguez, along with Michael Harney and Nick Sandow. The series is based on the best-selling memoir of the same name by Piper Kerman.

  • Balaji Telefilms to raise Rs 150 crore for ALT Digital Media

    Balaji Telefilms to raise Rs 150 crore for ALT Digital Media

    MUMBAI: Balaji Telefilms is betting big on its new digital venture ALT Digital Media and is planning to raise Rs 150 crore for the same. 

    Balaji will raise the funds by issuing 1.07 crore preference shares at Rs 140 each to select global investors such as Atyant Capital India Fund – I, Vanderbilt University, GHI LTP Ltd, GHI HSP Ltd and GHI ERP Ltd.

    The issue price represents a 26 per cent premium over the average of the weekly high and low of the volume weighted average share price of the company during the past 26-week period. The proposed issue will result in a dilution of 14.1 per cent of the equity share capital of the company and the post-issue promoter and promoter group holding in the company will be 40.6 per cent.

    The funds will be channelled in the launch of ALT Digital Media Entertainment Ltd, which will operate as subscription video on demand (SVOD) based over the top (OTT) platform targeted towards urban Indians and the Indian diaspora.

    Leveraging the group’s position and creative abilities in both television and film content, ALT Digital Media plans to create differentiated, original digital content for the entire connected ecosystem spanning mobile devices, web, smart TVs and game stations.

    The transaction was facilitated by Axis Capital Limited, being the sole investment banker and advisor for the fund raise.

  • Balaji Telefilms to raise Rs 150 crore for ALT Digital Media

    Balaji Telefilms to raise Rs 150 crore for ALT Digital Media

    MUMBAI: Balaji Telefilms is betting big on its new digital venture ALT Digital Media and is planning to raise Rs 150 crore for the same. 

    Balaji will raise the funds by issuing 1.07 crore preference shares at Rs 140 each to select global investors such as Atyant Capital India Fund – I, Vanderbilt University, GHI LTP Ltd, GHI HSP Ltd and GHI ERP Ltd.

    The issue price represents a 26 per cent premium over the average of the weekly high and low of the volume weighted average share price of the company during the past 26-week period. The proposed issue will result in a dilution of 14.1 per cent of the equity share capital of the company and the post-issue promoter and promoter group holding in the company will be 40.6 per cent.

    The funds will be channelled in the launch of ALT Digital Media Entertainment Ltd, which will operate as subscription video on demand (SVOD) based over the top (OTT) platform targeted towards urban Indians and the Indian diaspora.

    Leveraging the group’s position and creative abilities in both television and film content, ALT Digital Media plans to create differentiated, original digital content for the entire connected ecosystem spanning mobile devices, web, smart TVs and game stations.

    The transaction was facilitated by Axis Capital Limited, being the sole investment banker and advisor for the fund raise.

  • Sony LIV to premiere ‘Dilwale’ before TV, sets a subscription fee

    Sony LIV to premiere ‘Dilwale’ before TV, sets a subscription fee

    MUMBAI: Shah Rukh Khan and Kajol blockbuster Dilwale which garnered box office collection of approximately Rs 187 cr in India.

     

    Earlier this year Khan’s Red Chilies signed a deal with Sony Pictures Networks and Dilwale marks the beginning of the strategic alliance between the duo.

     

    Sony Pictures Network’s over the top (OTT) platform Sony LIV is going to showcase the much talked movie on the digital platform before putting it on television. The subscribers will have to pay a minimum amount of Rs 100 to get access to the movie. The platform is enjoying raves of good feedback from its subscribers and also plans to premiere such exclusive movies in the future.

    Talking about the exclusive premier, Sony LIV EVP and head digital business Uday Sodhi says, “Movie premieres have been a very important facet of the Sony LIV offering. Whether you missed the film on the silver screen or you’d like to relive its magical moments and applause-worthy dialogues all over again, you can catch up on all of it with Sony LIV.”

     

    He further adds, “Dilwale was truly the most exciting release of 2015 for Hindi film buffs. Premiering it on Sony LIV before television is one of the most significant entertainment offerings we can make to our users at the onset of the New Year. Through the premiere, we are underlining the fact that in 2016, too, we will continue our promise of bringing the biggest and best properties from across the globe to the digital devices of Indian netizens.”

     

    Launched back in 2013, the platform is house to a rich movie library with a strong lineup of events across all major categories.

  • Sony LIV to premiere ‘Dilwale’ before TV, sets a subscription fee

    Sony LIV to premiere ‘Dilwale’ before TV, sets a subscription fee

    MUMBAI: Shah Rukh Khan and Kajol blockbuster Dilwale which garnered box office collection of approximately Rs 187 cr in India.

     

    Earlier this year Khan’s Red Chilies signed a deal with Sony Pictures Networks and Dilwale marks the beginning of the strategic alliance between the duo.

     

    Sony Pictures Network’s over the top (OTT) platform Sony LIV is going to showcase the much talked movie on the digital platform before putting it on television. The subscribers will have to pay a minimum amount of Rs 100 to get access to the movie. The platform is enjoying raves of good feedback from its subscribers and also plans to premiere such exclusive movies in the future.

    Talking about the exclusive premier, Sony LIV EVP and head digital business Uday Sodhi says, “Movie premieres have been a very important facet of the Sony LIV offering. Whether you missed the film on the silver screen or you’d like to relive its magical moments and applause-worthy dialogues all over again, you can catch up on all of it with Sony LIV.”

     

    He further adds, “Dilwale was truly the most exciting release of 2015 for Hindi film buffs. Premiering it on Sony LIV before television is one of the most significant entertainment offerings we can make to our users at the onset of the New Year. Through the premiere, we are underlining the fact that in 2016, too, we will continue our promise of bringing the biggest and best properties from across the globe to the digital devices of Indian netizens.”

     

    Launched back in 2013, the platform is house to a rich movie library with a strong lineup of events across all major categories.

  • YuppTV joins hands with Sun Network to launch 10 channels

    YuppTV joins hands with Sun Network to launch 10 channels

    MUMBAI: Yupp TV, the Over-The-Top (OTT) platform has recently announced a strategic alliance with Sun Network. With the alliance, YuppTV will launch 10 channels in four regional languages namely Telugu, Malayalam, Tamil and Kannada in the Middle East and North Africa (MENA).

     
    The OTT platform will make channels like Surya and Kiran in Malayalam, Sun TV, KTV, Sun Music, Tamil channel Adithya TV, Gemini TV, Gemini Movies & Gemini Comedy in Telugu and Kannada channel Udaya TV for its MENA viewers.

     
    The move will add more content to YuppTV’ s entertainment platter that boasts of over 25,000 hours of video content in its catalogue.

     
    Speaking on the partnership, Yupp TV founder and CEO Uday Reddy said, “As the leading digital entertainment provider for expats from the South Asian community, we pride ourselves on making the latest content available to our users across the world. By entering into partnership with Sun Network, one of the largest TV networks in South India, we will curate even more regional entertainment options to add to our already impressive library.”

    “The partnership with Yupp is yet another initiative in line with our strategy to improve Sun TV’s presence on digital networks and beef up distribution through a variety of OTT platforms worldwide”, says Sun TV Network Limited president Mahesh Kumar.

    The OTT provider for South Asian content, YuppTV, already has content partnerships with leading television networks to provide 200+ channels in the South Asian region.

  • YuppTV joins hands with Sun Network to launch 10 channels

    YuppTV joins hands with Sun Network to launch 10 channels

    MUMBAI: Yupp TV, the Over-The-Top (OTT) platform has recently announced a strategic alliance with Sun Network. With the alliance, YuppTV will launch 10 channels in four regional languages namely Telugu, Malayalam, Tamil and Kannada in the Middle East and North Africa (MENA).

     
    The OTT platform will make channels like Surya and Kiran in Malayalam, Sun TV, KTV, Sun Music, Tamil channel Adithya TV, Gemini TV, Gemini Movies & Gemini Comedy in Telugu and Kannada channel Udaya TV for its MENA viewers.

     
    The move will add more content to YuppTV’ s entertainment platter that boasts of over 25,000 hours of video content in its catalogue.

     
    Speaking on the partnership, Yupp TV founder and CEO Uday Reddy said, “As the leading digital entertainment provider for expats from the South Asian community, we pride ourselves on making the latest content available to our users across the world. By entering into partnership with Sun Network, one of the largest TV networks in South India, we will curate even more regional entertainment options to add to our already impressive library.”

    “The partnership with Yupp is yet another initiative in line with our strategy to improve Sun TV’s presence on digital networks and beef up distribution through a variety of OTT platforms worldwide”, says Sun TV Network Limited president Mahesh Kumar.

    The OTT provider for South Asian content, YuppTV, already has content partnerships with leading television networks to provide 200+ channels in the South Asian region.

  • Q3-2016: UFO Moviez revenue up 16.5 percent, EBIDTA up 1.1 percent

    Q3-2016: UFO Moviez revenue up 16.5 percent, EBIDTA up 1.1 percent

    BENGALURU:  Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 16.5 percent YoY growth in consolidated income from operations (TIO) for the quarter ended December 31, 2015 (Q3-2016, current quarter) at Rs 144.49 crore as compared to Rs 124.05 crore, but declined 2.5 percent as compared to Rs 148.25 crore.  The company reported 1.1 percent higher YOY operating profit or EBIDTA for the current quarter at Rs 44.15 crore (30.6 percent margin) as compared to Rs 43.67 crore (35.2 percent margin) but declined 1.1 percent as compared to Rs 44.66 crore (30.1 percent margin).

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore.

     

    The company’s PAT in Q3-2016 increased 1.1 percent YoY to Rs 16.03 crore (11.1 percent margin) as compared to Rs 15.85 crore (12.8 percent margin) and declined 2.6 percent QoQ as compared to Rs 16.46 crore (11.1 percent margin).

     

    “In the third quarter of fiscal 2016, UFO continued to deliver healthy growth in core business revenues and profits,” said UFO founder and managing director Sanjay Gaikwad, “Theatrical revenues sustained healthy momentum led by rate hike in H1FY16 and wider movie releases during the festival season. In-cinema advertising continued to deliver healthy performance, driven by volume-led sales growth. We launched UFO Framez today by opening registration for DSA’s across India. The excitement for UFO Framez is incredible and we believe that in-cinema advertising will get impetus from the retail advertisement opportunity.”

     

    “We made substantial progress during the quarter operationally as well as strategically,” said UFO joint managing director Kapil Agarwal. “Our focus on leveraging on our existing platform continued to deliver positive results. Simultaneously, we continued to expand our synergistic business Caravan Talkies. We added 67 new vans during the period, expanding our network through 91 districts. This business is expected to cash breakeven during the second half of fiscal 2017. Overall, we aim to build momentum in both core and new businesses and are excited about the future growth prospects of

    UFO Moviez.”

     

    Let us look at the other expenses reported by the company.

     

    Total Expenses in Q3-2016 at Rs 119.62 crore (82.8 percent of TIO) increased 19.9 percent YoY as compared to Rs 99.73 crore (80.4 percent of TIO) and was 2.9 percent lower QoQ as compared to Rs 123.22 crore (83.1 percent of TIO).

     

    The company’s expense towards purchase of digital cinema equipment and lamps in the current quarter more than doubled (2.35 times) YoY to Rs 18.21 crore (12.6 percent of TIO) as compared to Rs 7.74 crore (6.2 percent of TIO), but reduced 25.8 percent as compared to Rs 24.55 crore (16.6 percent of TIO).

     

    The company paid 13.3 higher amount towards advertisement revenue share in Q3-2016 at Rs 11.65 crore (8.1 percent of TIO) as compared to Rs 10.28 core (8.3 percent of TIO) in the corresponding year ago quarter and was 3.2 percent more QoQ than the Rs 11.29 crore (7.6 percent of TIO) .

     

    Further, the company paid 6.7 percent YoY more towards VPF share at Rs 18.18 crore (12.6 percent of TIO) as compare to Rs 17.04 crore (13.7 percent of TIO), but declined 9.1 percent as compared to Rs 19.99 crore (13.5 percent of TIO). 

  • Q3-2016: UFO Moviez revenue up 16.5 percent, EBIDTA up 1.1 percent

    Q3-2016: UFO Moviez revenue up 16.5 percent, EBIDTA up 1.1 percent

    BENGALURU:  Indian digital cinema distribution network and in-cinema advertising platform, UFO Moviez Limited (UFO) reported a 16.5 percent YoY growth in consolidated income from operations (TIO) for the quarter ended December 31, 2015 (Q3-2016, current quarter) at Rs 144.49 crore as compared to Rs 124.05 crore, but declined 2.5 percent as compared to Rs 148.25 crore.  The company reported 1.1 percent higher YOY operating profit or EBIDTA for the current quarter at Rs 44.15 crore (30.6 percent margin) as compared to Rs 43.67 crore (35.2 percent margin) but declined 1.1 percent as compared to Rs 44.66 crore (30.1 percent margin).

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore.

     

    The company’s PAT in Q3-2016 increased 1.1 percent YoY to Rs 16.03 crore (11.1 percent margin) as compared to Rs 15.85 crore (12.8 percent margin) and declined 2.6 percent QoQ as compared to Rs 16.46 crore (11.1 percent margin).

     

    “In the third quarter of fiscal 2016, UFO continued to deliver healthy growth in core business revenues and profits,” said UFO founder and managing director Sanjay Gaikwad, “Theatrical revenues sustained healthy momentum led by rate hike in H1FY16 and wider movie releases during the festival season. In-cinema advertising continued to deliver healthy performance, driven by volume-led sales growth. We launched UFO Framez today by opening registration for DSA’s across India. The excitement for UFO Framez is incredible and we believe that in-cinema advertising will get impetus from the retail advertisement opportunity.”

     

    “We made substantial progress during the quarter operationally as well as strategically,” said UFO joint managing director Kapil Agarwal. “Our focus on leveraging on our existing platform continued to deliver positive results. Simultaneously, we continued to expand our synergistic business Caravan Talkies. We added 67 new vans during the period, expanding our network through 91 districts. This business is expected to cash breakeven during the second half of fiscal 2017. Overall, we aim to build momentum in both core and new businesses and are excited about the future growth prospects of

    UFO Moviez.”

     

    Let us look at the other expenses reported by the company.

     

    Total Expenses in Q3-2016 at Rs 119.62 crore (82.8 percent of TIO) increased 19.9 percent YoY as compared to Rs 99.73 crore (80.4 percent of TIO) and was 2.9 percent lower QoQ as compared to Rs 123.22 crore (83.1 percent of TIO).

     

    The company’s expense towards purchase of digital cinema equipment and lamps in the current quarter more than doubled (2.35 times) YoY to Rs 18.21 crore (12.6 percent of TIO) as compared to Rs 7.74 crore (6.2 percent of TIO), but reduced 25.8 percent as compared to Rs 24.55 crore (16.6 percent of TIO).

     

    The company paid 13.3 higher amount towards advertisement revenue share in Q3-2016 at Rs 11.65 crore (8.1 percent of TIO) as compared to Rs 10.28 core (8.3 percent of TIO) in the corresponding year ago quarter and was 3.2 percent more QoQ than the Rs 11.29 crore (7.6 percent of TIO) .

     

    Further, the company paid 6.7 percent YoY more towards VPF share at Rs 18.18 crore (12.6 percent of TIO) as compare to Rs 17.04 crore (13.7 percent of TIO), but declined 9.1 percent as compared to Rs 19.99 crore (13.5 percent of TIO).