Category: GECs

  • Rupert Murdoch’s News Corp eyes SE Asian real estate market; buys iProperty for $415.44 m

    Rupert Murdoch’s News Corp eyes SE Asian real estate market; buys iProperty for $415.44 m

    MUMBAI: Seeking a foothold in the South East Asian real estate sector, Rupert Murdoch’s News Corp’s Australian real estate website company REA Group has acquired its competitor iProperty Group for approximately US$415.44 million (A$580 million and / or HK$3.2 billion).

     

    With this, News Corp will have access to the property markets in Malaysia, Hong Kong, Thailand and Indonesia, where iProperty owns property portals.

     

    South East Asia is underpinned by highly attractive macroeconomic factors with strong growth prevalent across the region. The real estate market is expected to continue to grow driven by expanding populations and increasing GDP per capita, with the acceleration from offline to online advertising presenting an enormous opportunity for iProperty. The company said that the acquisition of iProperty is the logical extension of REA’s business in Australia and marks the next step in its strategy to pursue strategically sound expansion into attractive markets.

     

    REA CEO Tracey Fellows said, “iProperty’s Board, management and staff have done a tremendous job of building iProperty from an emerging start-up, to occupying leadership positions in its key markets. This acquisition will bring iProperty into REA’s existing portfolio of digital real estate advertising businesses, and enable the business to take the next step in its evolution.”

     

    “iProperty is strongly positioned in its respective markets throughout South-East Asia and provides REA with exposure to new geographies where we can apply our experience and know-how from existing markets. This acquisition further demonstrates our commitment to international expansion, and is the next step in our growth strategy in the Asian region,” she added.

     

    Under the proposed transaction, iProperty shareholders will receive Cash Consideration of A$4 per share. As an alternative, iProperty shareholders will also be able to elect Mixed Consideration comprising of $1.20 in cash and 0.7 shares in a newly formed, unlisted public company, which will own an indirect interest in iProperty. 

     

    REA will fund the acquisition primarily from new debt facilities totalling A$480 million, with the remainder from existing cash reserves. REA’s leverage will be approximately 1.5x net debt / EBITDA on a pro forma FY15 basis1 but is expected to be lower by the time the transaction completes.

     

    The acquisition is expected to complete during Q1 calendar year 2016 and iProperty will continue to be accounted as an associate until completion. As such, it will have little impact on EPS in FY16. On a pro-forma basis the acquisition will be mildly dilutive but iProperty is expected to continue to grow strongly and in line with iProperty’s current revenue growth guidance. 

     

    The transaction is subject to a number of standard conditions including iProperty shareholder and court approval, no material adverse change and no prescribed occurrences.

  • Big Magic to launch fourth integrated show ‘Nautanki News’

    Big Magic to launch fourth integrated show ‘Nautanki News’

    MUMBAI: After launching three integrated shows namely Fakebook with Kavita, Chutki Baja Ke and Lete Hai Khabar Khabro Ki, Big Magic and Big FM are all set to launch a new show from their bouquet of spoofy and comedic content titled Nautanki News. The show will air from 4 November on Wednesday – Thursday at 9:30 pm time slot.

     

    Coming on board as the host is theater actor Darshan Jariwala, who will don several hats on the show. Being played out in a fictitious news channel set-up, Jariwala will play the aggressive managing editor, and switch roles every now and then from being a news reader, to a live-reporter, to a chat show-host and even a newsroom editor.

     

    Through mock panel discussions, live reporting and chat shows, the show will hilariously throw light on how tactics such as yellow journalism, paid news, sensationalised coverage and more, are driving the agendas of TRP-hungry news channels today, thereby promising to be an out and out laughter riot for the viewers.  

     

    Big Magic creative director Bimal Unnikrishnan said, “Nautanki News will take the entertainment quotient on Big Magic a notch higher. It will be the perfect example of combining topicality and humour. Nautanki News will throw light on the news making business as a whole in a fun and witty manner that has never been showcased before on television.”

  • Multi Screen Media rebrands as Sony Pictures Networks

    Multi Screen Media rebrands as Sony Pictures Networks

    MUMBAI: Multi Screen Media, which was earlier known as Sony Entertainment Television (SET) India, has rebranded as Sony Pictures Networks (SPN) in India as the company marks its 20th year in the country. SPN will be a division of Sony Pictures Entertainment.

     

    It was back in December 2007 that SET India was renamed as Multi Screen Media (MSM). The then CEO of the company Kunal Dasgupta had said that the new name was reflective of the company’s evolution from a pure television broadcaster to a multimedia one. And that was exactly what the company did. Today, SPN’s bouquet of channels includes a range of channels like Sony Entertainment Television (SET), Max, Max 2, Sab, Pix, AXN, Aath, Mix, Six and Kix as well as the digital entertainment channel Liv.

     

    PlNow, as Sony completes its two decade run in the country, Sony Pictures Television (SPT) president of worldwide networks Andy Kaplan said of the re-branding, “Our channels in India represent an important part of Sony Pictures Television’s global portfolio and we are proud to be part of the fabric of the diverse Indian culture. As we celebrate bringing the best entertainment to viewers in India for 20 years, it’s only fitting that these networks be branded as part of our Sony family. Like the Sony brand, which stands for innovation, creativity and delight, SPN brings the same qualities to our viewers.”

     

    SPN CEO NP Singh added,  “As MSM, we’ve served television audiences worldwide for the last 20 years, during which time we pioneered new formats, new shows and actually set the trends for television entertainment. We changed the dynamics of how cricket and cinema were viewed on Indian television and contoured a variety of genres in TV entertainment. So while Kaun Banega Crorepati and Dus Ka Dum created new waves in television gaming, and Boogie Woogie and Indian Idol brought the commoner’s talent on the telly, we were also the first ones to embrace the cultural fabric of India by providing Sab – an out-and-out family humour channel.”

  • Maruti Suzuki’s AFP  gambit with Sab TV show

    Maruti Suzuki’s AFP gambit with Sab TV show

    MUMBAI: If there’s one brand which has been predominant in the television show sponsorship space, it is Maruti Suzuki. With a war chest of approximately Rs 500 crore set aside only for television spends, it is no wonder that the automobile company has been seen as the sponsor for major shows across channels throughout the year.

    From Star Plus’ Aaj Ki Raat Hai Zindagi with the suave Amitabh Bachchan as host, Bigg Boss season 9 on Colors, Sony Liv’s online series Tanlines, Colors’ India’s Got Talent 6Star Sports’ India – SA cricket series and BWF Badminton World Championships to &TV’s singing reality show The Voice, Maruti has made its presence felt on the small screen as a sponsor across various genres of programming.

    What’s more, the brand has also tied-up with the upcoming action packed fiction series – 24 Season 2 on Colors. While the first season of 24 starring Anil Kapoor in the lead, had Tata Safari Storme as the title sponsor with the car also having a placement in the series, the race this time round has been won by Maruti Suzuki S-Cross, which was launched at the IIFA Awards in Malaysia earlier this year.

    Most of these integrated the Maruti product and brand into the show;  it was not the sole sponsor.

    But it has always been pushing the envelope on doing things differently. Like it did in the case of the critically acclaimed and profitable YRF  stable movie Mere Dad ki Maruti in 2013. The central protagonist in the feature film is the Maruti Suzuki Ertaga. Maruti Suzuki’s marketing mavens pumped in Rs 6 crore in the Rs 10 crore film, convinced the film production house to include its brand name in the title, have scenes in their showrooms. The initiative got lots of traction, courtesy the theatrical release, television telecast, small video clips, which went viral on digital outlets such as Youtube, Twitter and facebook.

    It is attempting something similar in 2015. With two vehicles – the Baleno and S-Cross and a new premium sales channel to launch in 2015, it has expanded its television budget to Rs 500 crore; some of that is being channeled towards televised advertiser funded programmes (AFPs).  One of the brands getting a shot of that marketing money is the Alto 800.

    Maruti Suzuki has integrated the tagline of  the small car “Let’s Go” into in Sab TV’s newly launched show Chalti Ka Naam Gaadi, Let’s Go and the vehicl will be seen frequently in the show as it has been woven into  its storyline.

    Chalti Ka Naam Gaadi Let’s Go is about the car and how it brings happiness in a family. It showcases how everybody falls in love with that car and that was the idea behind doing the show,” says Deepti Bhatnagar who is producing the show for Sab under the banner of the production house which bears her name.

    It narrates the journey of the Ahuja family and how their life takes an exciting turn when they purchase their very first car. Ahuja, who has been working in a bank’s car loan department has always wished for his own car but he has not been able to save enough to make his dream come true. On his 50th birthday, his family decides to gift him a Maruti Alto 800. After that Ahuja’s son, Karan (Romit Raj) starts hearing voices and statements from his family car. Karan realises that nobody except him can hear those sounds. He takes advantage of this situation and decides to make the car his constant conversation companion; moreover it helps him to resolve day to day problems at home and thereby bringing the family closer.

    Chalti Ka Naam Gaadi, Let’s Go is a finite series, with a bank of nine episodes at the time of writing. It  premiered on 28 October and is to  air at 7:30 pm on Saturdays and Sundays.

    Deepti explains how  Chalti Ka Naam Gaadi Let’s Go came about. “We sent a concept note to them. I had the idea and I spoke to the channel and then we pitched it together,” she says.  “They loved the idea. Chalti Ka Naam Gaadi Let’s Go is a complete Maruti AFP and made only for the company. No other product has been tagged in the show.”

    She believes that it is a win-win for the Indian auto major. She points out:  “Maruti Suzuki is one of the biggest car companies in India. It makes much sense to the advertiser as they spend so much on many for their 30 second commercials. Here they are getting an entire show. The series also showcases the features of the car and a lot of detailing of the product is there. Also, we create awareness by showing the driving rules and hence blend the story beautifully with all these things.”

    And as Uncle Ben rightly said, with great power comes great responsibility. To this effect, Bhatnagar says, “It’s a difficult show to do because when you have a product, you have many responsibilities and you can’t say the wrong things.  Even while following rules and guidelines, we still manage to create comedy around it.”

    She says that’s what gave both Maruti Suzuki and Sab the confidence in her and her production house’s capabilities is her advertising background and the fact she produced “her first AFP show long back for Star TV and then I did a show for Sab – Jo Bhi Biwi Se Kare Pyar for Prestige, which was very successful. It was a sitcom based on cooking, which was completely a new format.” But will Chalti Ka Naam Gaadi Let’s Go take pole position on Sab?

     “It could do well,” says a media analyst. “Though it is up against fiction on Star Plus, events on Colors, it appears to have an interesting light storyline. Sab has its loyal audience.  Healthy promotion could help them to make their appointment with the show. Then the videos could also be rolled out digitally in the form of clips in order to viralise them. In the process, Alto 800 sales could well rise as it is airing during the festival season; a period when car buying rises.”

    If this prediction comes true, Maruti and the Alto 800 could well be driving in the fast lane.

  • Star Plus’ 2 shows to end as ‘Siya Ke Ram’ goes on air from 16 November

    Star Plus’ 2 shows to end as ‘Siya Ke Ram’ goes on air from 16 November

    MUMBAI: Star Plus’ two prime time shows namely Tu Mera Hero and Tere Sheher Mein are going off air from 14 November.

     

    Produced by Shashi Sumeet Productions, Tu Mera Hero will be replaced by Nikhil Sinha’s show Siya Ke Ram in the 8 pm time band from 16 November onwards.

     

    The last episode of the show Tu Mera Hero, which launched on 22 December, 2014, will be aired on 14 November.

     

    A source close to the development informed Indiantelevision.com that the reason the show is going off air is because it failed to generate sustainable ratings and the channel wanted to air the show in the same time slot.

     

    As earlier reported by this website, Siya Ke Ram, produced by Triangle Film Company, has been conceptualised by Aniruddh Pathak, who brought Lord Shiva’s legend to TV through Mahadev.

     

    Siya Ke Ram will offer viewers a fresh perspective on Ramayan. The story has been envisioned and created by some well-known writers namely – the best-selling author of Asura and Ajaya, Anand Neelakantan and Subrat Sinha – along with creative consultant Devdutt Pattanaik.

     

    Star Plus’ other show Tere Sheher Mein will also air its last episode on 14 November. Produced by Directors’ Kut,Tere Sheher Mein was launched on 2 March, 2015 and aired from Monday – Saturday at 10:30 pm.  

     

    Another source informed that an upcoming show from Rashmi Sharma Telefilms’ titled Saajan might replace Tere Sheher Mein in the 10:30 pm slot on Star Plus.

     

    Rashmi Sharma’s existing show Saath Nibhaana Saathiya on Star Plus is among the top five programmes in the Hindi general entertainment channels (GECs) space according to Broadcast Audience Research Council (BARC) India ratings.

     

    Saajan is a triangle love story, which also focus on issues of the youth. The official date and time is not yet revealed by the channel.  

  • Colors promises mischief & danger in ‘Khatron Ke Khiladi;’ Arjun Kapoor to host

    Colors promises mischief & danger in ‘Khatron Ke Khiladi;’ Arjun Kapoor to host

    MUMBAI: Colors is bringing season 7 of the popular reality show Khatron Ke Khiladi in a new makeover — from the location to the show’s flavour to the host. Actor Arjun Kapoor will be making his television debut as the show’s new host. So far, the show has seen three different hosts namely Akshay Kumar (Season 1, 2, 4), Priyanka Chopra (Season 3) and Rohit Shetty (Season 5, 6).

    The 20 episode season of Khatron Ke Khiladi – Kabhi Peeda, Kabhi Keeda, produced by Endemol Shine India, is expected to air in the first quarter of 2016 with the action packed and stunt heavy scenes being shot extensively in Buenos Aires, Argentina over the next couple of months.

    Speaking about his television debut, Kapoor said, “I love action in all its forms. Be it daredevil stunts or intense action sequences in my films. The thrill and adrenalin rush, which accompanies a well-planned stunt is an experience that cannot be put into words. With  Khatron Ke Khiladi, I’m not only going to be performing stunts, but will also be involved in designing them and watching them come alive. And with the ‘peeda’ and ‘keeda’ concept, I’m definitely looking forward to having some mad fun with the contestants in Argentina.”

    Colors CEO Raj Nayak added, “With the second season of 24 also lined up around the same time, scheduling Khatron Ke Khiladi is a big challenge for us right now. The dynamics are such that we can’t keep waiting to start shooting for KKK. It’s a new location and we want to wrap up the 50 odd days shoot by the end of this year, ideally before the holiday season sets in.” Without locking in on exact specifics, Nayak confirms that the show will air in the 8 – 9 pm time slot.

    Endemol Shine India MD Deepak Dhar said,“This season Khatron Ke Khiladi – Kabhi Peeda, Kabhi Keeda will be a gruelling challenge for the contestants. We are all set to design 60 different stunts for them in Argentina. With Arjun Kapoor hurling the challenges to the band of daredevils, this year, the fun, action and entertainment quotient will explode.”

    This year’s 14 contestants who will face their fears headlong are Tanishaa Mukherji, Sidharth Shukla, Vivan Bathena, Sana Saeed, real-life television couple Jay Bhanushali and Mahhi Vij, model Parvathy Omanakuttan, Indian hockey player Yuvraj Walmiki, telly actors Aishwarya Sakhuja, Tina Dutta and Himanshoo Malhotra, and dancing stalwarts Faisal Khan, Mukti Mohan and Raghav Juyal.

    Going by the show’s history, every time a new host has been introduced, be it Chopra for season 3, or Shetty in the last couple of seasons, they have added their own element to it. Shetty’s stunt heavy last two seasons are still fresh in our memories. So what has Arjun Kapoor to offer?

    “Keeping the action part intact, we are going for more fun and mischief this season, and we think Arjun as a host completely fits the bill,” gushes Nayak. “He will bring in his quintessential sense of humour and happy-go-lucky attitude to this edition of Fear Factor India. He has already added a bit of his flavour by suggesting the term ‘Keeda,’ which we have now added to our tagline for this season.”

    Nayak also adds that the actor’s endearing quality is expected to appeal to not just the Gen Z but the mothers in the family as well, thereby opening up the show to a broader demography.

    Speaking of demographics, Nayak appeared unfazed by the change in ratings after the rural data has been published by BARC India, which has seen free to air (FTA) channels like Zee Anmol and Star Utsav giving stiff competition to networks’ flagship Hindi GECs.

    “As far as Colors is concerned, our focus is LC1 and urban population. We are not focusing on rural India. We want to remain India’s premium Hindi entertainment channel, so the rural data hasn’t bothered us. There will be no change in our content strategy. If rural happens by default, it’s a different thing but we can’t be tweaking content for two Indias. It can only be either or and we have made our choice,” says Nayak.

    From a business perspective as well Nayak informs that Colors stays unaffected by the new ratings. “Advertisers spend maximum money in LC1 and urban India, and truth be told, we are here to do a profitable business, and sticking to our current content strategy seems to be doing just that,” he stated.

    Having said that he doesn’t dismiss the prospect of advertising spends going up in the rural areas either. “We will obviously have a strategy to tap in that by focusing in rural with our second channel Rishtey. We will tweak its content to meet rural requirements and strengthen it further,” he informed.

    The channel will unleash a 360 degree marketing campaign with some focus on on-ground activation. “Right now, one can’t do without using all the mediums at their disposal. But the focus areas changes with the content of the show. With KKK there is a lot of scope for on-ground activations and engaging marketing. Digitally you can do a whole lot of things. Having Arjun Kapoor also gives us that advantage as he is tech savvy and social media friendly. He understands the language,” Nayak shared.

    The show has also kept up with this tradition of getting big names as sponsors with the title sponsor being Tata Motors this season. The channels is also in talks with other brands for ‘powered by’ sponsor and association sponsors, which will soon be revealed.

  • Eros to produce sports drama ‘Saat Kadam’

    Eros to produce sports drama ‘Saat Kadam’

    MUMBAI: Eros International Media is all set to produce a fictional sports film titled Saat Kadam.

     

    The movie is the directorial debut of Mohit Kumar Jha and will star Amit Sadh, Ronit Roy and Deeksha Seth.

     

    Saat Kadam revolves around the generation gap and the relationship between a father and his son.

     

    Eros International Media managing director Sunil Lulla said, “Mohit has done some great work in television and we are happy to produce his debut feature film. It promises to be an emotionally gripping film set against the backdrop of football.”

     

    Jha added, “I am absolutely thrilled to have a leading studio like Eros on board for my first feature film. Saat Kadam is an entertaining film for audiences of all ages who will be able to relate to emotional tug of war portrayed in the film. The film is based in Kolkata, which is known for its eternal love for football and as a sports loving nation, I hope the audiences will appreciate this film.”

     

    Sadh said, “Saat Kadam beautifully portrays a father-son relationship and the many facets of it.. When I heard the story I knew I had to do this film, one that will be high on emotions, drama and above all football.”

  • Zee TV pitches new show ‘Kaala Teeka’ in 7 pm slot

    Zee TV pitches new show ‘Kaala Teeka’ in 7 pm slot

    MUMBAI: Zee TV is pitching its new show – Kaala Teeka in the early prime time slot of 7 pm.

    The show, which goes on air from 2 November, will be vying for viewer’s attention at 7 pm on weekdays along with shows on other Hindi general entertainment channels (GECs) like Saath Nibhaana Saathiya on Star Plus, Thapki Pyar Ki on ColorsCrime Patrol (repeat) on Sony Entertainment Television, Bhabhi Ji Ghar Par Hai on &TV, Taarak Mehta Ka Ooltah Chashmah (repeat) on Sab TV and Savdhaan India – India Fights Back on Life OK.

    Kaala Teeka replaces Tum Hi Ho Bandhu, which was launched earlier this year in May.

    Speaking about the new show’s time band, Zee TV business head Pradeep Hejmadi said, “It is very important to make sure that we get strong and good concepts on-air across various time lines. We are not opening a new time slot. We had programs in the 6 pm band andTum Hi Ho Bandhu was already there at 7 pm. Therefore there was a lot of consumption during the 7 pm slot.”

    Strong competition for Kaala Teeka will come from Star Plus’ Saath Nibhaana Saathiya. A senior media planner on condition of anonymity said, “Star Plus is the number one channel among the top five channels in the Hindi GEC and its shows in the time band of 7- 8 pm are doing really well. The channel’s prime time show Saath Nibhaana Saathiya is among the top five programmes in the same genre.”

    Produced by DJ’s Creative Unit, Zee TV’s attempt is to break the shackles of age-old superstitions with the new show.

    DJ’s Creative Unit producers Tony and Deeya Singh said, “Kaala Teeka says a big no to bigotry and urges people to broaden their horizons and ignore outdated superstitious beliefs. In showcasing the journey of Kaali and Gauri, we’re trying to create awareness about certain age-old, redundant practices and superstitious beliefs that are unfortunately still prevalent in India.”

    “We have a stellar cast on board with Mita Vashisht, Daljeet Kaur and Bhupinder Singh playing pivotal roles and two adorable girls playing Kaali and Gauri. We hope to deliver an important message through the show in the most entertaining, engaging manner,” the producer duo added.

    With the show, the channel is not just targeting the rural market but focusing on the entire nation. Using a 360 degree marketing campaign, the channel is largely going on-air as the electronic medium works best.

    Speaking on the recently released rural ratings data by Broadcast Audience Research Council (BARC), Hejmadi said, “It is too early to jump to conclusions like the ones that we have arrived on already. When all the data comes out, only then will we be able to understand it. The audience keeps emerging and we have to understand the audiences. Since it is a new territory, we have to understand consumption behaviour and do more visits in rural areas to understand the figures.”

    He further went on to add, “Our aim is to find the LCM (least common multiple) of content and the content, which will work across all the markets because Zee is an international broadcaster. So, we don’t split the country in our shows. Our shows are not targeted at just the rural areas. There will be equal throw of concepts. Therefore our campaign is to focus nationally, not only in rural. We are not going to individual markets with this product. If the off track is lower in some markets, then we will plan tactical marketing. Currently, we are building awareness for the show.”

    Kaala Teeka, is the story of two young girls whose lives are entwined by an act of superstition. The show captures the journey of a girl child Kaali who is treated as a human Kaala Teeka for another child Gauri and is expected to shadow her everywhere for the well-being of the latter. The show captures a worst form of superstitions – personification. It showcases Kaali’s journey of hope as she overcomes these challenges and enables Gauri to find her true self. She also reaches out to her own aspirations and ambitions in life and becomes an inspiration to others.

  • CASBAA Convention Brings Together the Biggest Wave Makers in the Broadcast industry

    CASBAA Convention Brings Together the Biggest Wave Makers in the Broadcast industry

    MUMBAI: The annual CASBAA Convention kicked off today in its new home at the Intercontinental Hotel, Hong Kong. The two-day convention, with the theme ‘Making Waves’ brought together key industry players in the broadcast, cable and satellite industry to discuss and debate the hottest topics and latest developments in the industry today. With the introduction of OTT and digital broadcast services now an established fact, key themes of the day focused on creating quality and relevant content, as well as localization, agile distribution and protection of content.

     

    To kick-start the day, Hong Kong SAR Government chief secretary for administration Carrie Lam, gave an introductory speech where she underscored that the rule of law and freedom of expression were vital to the fundamental strength of the HK broadcast industry. She also highlighted that the HK SAR government believes that investing in creative talent is key to driving growth of the creative industries and so launched the Create Smart initiative which supports students in tertiary education focusing on TV or media studies.

     

    The AOL Digital Prophet David Shing, then looked at content consumption from the audience perspective, highlighting how humans were at the heart of everything and that “technology changes behavior not needs” when looking at the key developments in the digital landscape. Also in a world where people are creating and publishing their own content, it’s important to note that “creativity still rules over technology” as content is now competing with popular culture. China Media Capital Chairman Li Ruigang, commented how there was huge demand from China for premium content yet “while content is important, there is the need to build up a sustainable system to continue to be able to create more content”. Ruigang also discussed how key global partnerships such as Warner Bros, Dreamworks, and Legoland were central to CMC’s strategy of establishing a solid content ecosystem. He also took the opportunity to announce that his company is buying the China Soccer League to further advance the company’s content and distribution strategy.

     

    New content platforms in Asia were discussed when Janice Lee from PCCW gave more detail on the company’s new global Viu OTT platform, announced just yesterday. She mentioned how the company had to become extremely agile in turning around their content in multiple languages to stay competitive as well as beat illegal content, “Windowing has become very important, we get our content out in multiple languages in just eight hours. Historically this didn’t happen, which gave room for piracy.” Mike Hyun-dong Suh of CJ E&M discussed how partnerships were also key to distribution of content, citing a recent collaboration with Japanese app Naver as an example. He also illustrated how taking content offline through events was also important to engage fans. Greg Beitchman from CNN International discussed the need to have content that worked across all their screens and that this was meeting with success. “Digital touchpoints are enhancing our appeal rather than cannibalizing what we do on TV,” he commented. CNNI also commented on localization, highlighting how it had helped make them “more, not less, relevant.”

     

    Alon Shtruzman from Keshet Media, creator of Homeland and other key global formats, maintains that content is, as ever, ‘king’. His company is starting to look further afield for content and he believes ‘Asia is a goldmine for content’ though not without some heavy legwork in understanding what does and doesn’t work in the market.

     

    How to engage with fans with content was discussed by Victorious CEO Sam Rogoway,  who believed their creation of a community of superfans would “change the way fans interact and engage with content.” The inception of the ‘passion graph’ would bring together like-minded individuals that would help drive deeper engagement of content, even when there was no new content available. Distribution of content was discussed by SpaceX President and COO Gwynne Shotwell, who’s company is investigating the feasibility of launching 4,000 satellites into space with a view to connecting people in remote areas throughout the planet.

     

    SeaChange CEO Jay Samit took a hard line on the future of the pay TV business “the pay TV business as we know it is dead. The majority of content is not linear and we need to adapt quickly or die.” With content now being accessed increasingly online, it’s possible to work out who’s watching what at home and provide relevant content based on that. “Pay TV will be completely data driven,” he added. “With social analytics now shaping content offers, the bottom line is you will go out of business if you don’t know who your consumer is.”

     

    Piracy of content was next on the agenda with Mark Mulready of Irdeto showcasing just how difficult it is to distinguish legal from illegal content sites. The Police Intellectual Property Crime Unit example from the UK, where an infringing website list of illegal websites is published and flagged to advertising brands, was flagged a great initiative to disrupt pirate sites. “Through working with the advertising industry, we can remove the incoming revenue to these illegal sites,” commented Det. Chief Supt. David Clark of City of London Police. It was also agreed that it was everyone’s responsibility – whether channel or creator – to protect the value of content. Are Mathisen from Conax AS encouraged all content owners to embrace new technology to combat content theft.

     

    With piracy followed the issue if regulation where Ajit Pai from the US Federal Communications Commission and R.S. Sharma from the Telecom Regulatory Authority of India both agreeing that governments should take a less restrictive approach to regulation to allow new business models to take shape.

     

    A video note from UK actor and writer, James Corden, now host of the US The Late Late Show, concluded today’s session at the convention. Corden discussed how he saw his task was making a brilliant hour of TV every night. “All we really want to do is make a show that is different and feels fresh every night. If you think about it from the internet first then you will come unstuck.” He emphasized the importance of a great creative team and how they try to innovate with new features constantly to be as entertaining as possible. Finally when asked if he was tired doing 44 shows a year, he commented “It’s a luxury to be tired from doing something you love and always dreamt of.”

     

    Sponsors for the CASBAA Convention 2015 include: ABS, Accedo, Akamai, AMC, APT Satellite, AsiaSat, Asia Television Limited, Brightcove, Conax, ContentWise, CreateHK, Discovery Networks Asia-Pacific, Eutelsat, France 24, Ideal Group, InvestHK, Irdeto, ITV Choice, Kantar Media, Letv, Lightning, MEASAT, MediaExcel, One Championship, Patron Spirits, PCCW, PwC, RTL CBS Asia, Scripps Networks Interactive, SES, TIME NOW, The University of Chicago Booth School of Business, Time Warner, True Visions, Turner, TV5Monde and Victorious.

  • Q2-2016: Zee Learn YoY revenue up 34.9% at Rs 30.70 crore

    Q2-2016: Zee Learn YoY revenue up 34.9% at Rs 30.70 crore

    BENGALURU: The Essel Group’s education company Zee Learn Limited (Zee Learn) reported 34.9 per cent higher Total Income from Operations (TIO, revenue) in the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 30.70 crore as compared to the Rs 22.76 crore in Q2-2015. Q2-2016 TIO was however 14.2 per cent lower than the Rs 35.79 crore in Q1-2016.

     

    Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore

     

    The company’s marketing, advertisement and publicity expense (marketing expense) for Q2-2016 at Rs 1.78 crore (5.8 per cent of TIO) was 13.2 per cent more than the Rs 1.58 crore (6.9 per cent of TIO) in Q2-2016. Marketing expense in the current quarter was 61.9 per cent lower than the Rs 4.68 crore (13.1 per cent of TIO) in the immediate trailing quarter.

     

    Let’s look at the other numbers reported by Zee Learn:

     

    The company’s Profit After Tax (PAT) declined 5.6 per cent to Rs 1.08 crore (3.5 per cent margin) from Rs 1.14 crore (five per cent margin) and declined by 72.8 per cent from Rs 3.96 crore (11.1 per cent margin) in Q1-2016.

     

    Zee Learn’s Total expenditure (TE) in Q2-2016 at Rs 25.43 crore (86.1 per cent of TIO) was 37.8 per cent more than the Rs 19.18 crore (84.3 per cent of TIO) in Q2-2015 but was 9.3 per cent lower than the Rs Rs 29.14 crore (81.4 per cent of TIO) in Q1-2016.

     

    Employee Benefit Expense (EBE) in Q2-2016 at Rs 7.25 crore (23.6 per cent of TIO) was 24.2 per cent higher than the Rs 5.84 crore (25.7 per cent of TIO) in Q2-2015 and was 17.5 per cent more than the Rs 6.17 crore (17.2 per cent of TIO) in Q1-2016.

     

    In Q2-2016, Zee Learn’s operating cost at Rs 0.85 crore (2.8 per cent of TIO) was 65.8 per cent more than the Rs 0.51 crore (2.2 per cent of TIO) in the corresponding year ago quarter and was 52.7 per cent more than the Rs 0.56 crore (1.6 per cent of TIO) in Q1-2016.

     

    Other expense in Q2-2016 at Rs 7.46 crore (24.3 per cent of TIO) was 36 per cent more than the Rs 5.49 crore (24.1 per cent of TIO) but was three per cent lower than the Rs 7.69 crore (21.5 per cent of TIO) in Q1-2016.

     

    Zee Learn says that on 28 June, 2015 a fire occurred in one of the warehouses of the company at Bhiwandi near Mumbai and the inventory of educational material lying at the said warehouse amounting to Rs 1416.61 lakh got completely destroyed. Further, Zee Learn says that it has lodged a claim with the insurance company for the loss incurred. Pending the settlement of insurance claim, the loss is accounted as ‘Claims Receivables’ under other Current Assets to the extent of the above amount. On settlement of the claim by the insurance company, the difference in loss claim and actual claim received, if any, will be charged to the Statement of Profit and Loss Account.