Category: Music and Youth

  • Vh1 reincarnates; to air Global Citizen 2016 live

    Vh1 reincarnates; to air Global Citizen 2016 live

    MUMBAI: It seems like a win-win for the two eventful happenings. In a move to be the go-to destination for international music, entertainment and pop culture, Vh1 is all set to unveil its new refreshed branding. The channel’s logo, which has two windows (perpendicular) in red and magenta, will now change to purple. The philosophy of the channel — Get With It, will remain unchanged.

    The brand’s new logo will come into effect on 19 November. Introducing India to the refreshed Vh1 experience will be Demi Lovato, Coldplay and Jay-Z Live at the most awaited Global Citizen Festival 2016. The channel will air the live broadcast of all the performances.

    “There could not have been a bigger, more entertaining and relevant platform than Global Citizen Festival to showcase the brand new Vh1. As we are partnering with them as a network, we spoke to the organisers and they were more than happy to telecast it live on Vh1. Only 100,000 people will be able to watch it impulsively but what about the millions of people who cannot witness the concert for whatever reason,” said Viacom18 business head English and youth entertainment Ferzad Palia.

    The live telecast is an overall arrangement of the network and has the same advertisers that go across the communities. Added to the channel’s existing loyal advertisers, it has got few new advertisers on board from across the categories (FMCG, e-commerce, automobiles, etc).

    Palia added, “We have followed our own identity in India all through. Our rebranding has nothing to do with the international logo. However, we had rebranded five years ago. We need to give the brand a completely new look. It needs to be in sync with the way viewership palettes are moving. We have put the logo through a lot of testing and this one came out unanimously as the preferred layout. The colour is more vibrant, more holistic. We are still the window for India about what is going on, on the international music circuit and we have just expanded that window with the channel’s new look.

    With the refreshed look, the channel now has a new primetime at 8:30pm which has shows based on pop culture, entertainment, etc. It also boasts a whole new set-up of music and non-music based programming.

    “We have expanded from being a music channel to things which revolve around them which stood for the plus to being music plus plus and, of course, the local programming,” added Palia.

    The channel will, for the first time, bring alive engaging original programming like Vh1 Inside access with Miss Malini and Vh1 India Diaries. The former show is based on how Indian and international celebrities react to pop culture and what they do with things synonymous to the channel.

    Vh1 has led several special events in the past. Right from the time of its launch till date, Vh1 has been home to live telecasts such as Live Earth, Grammy Awards, Golden Globe Awards, American Music Awards, etc across countries at the same time. This has not only brought the channel exceptional surge in its viewership but has also increased the consumer engagement with the brand. “From being the window to a world, our endeavour is to be the one-stop destination for everything and special events form a very important part of it. That is why we have 12 or 13 award shows, which will keep increasing. The social quotient is humongous with the amount of conversations, engagements that you can drive with your audiences, etc is unparalleled,” Palia added.

    The rebranding will be also promoted through touch-point based activation in 10-12 markets which will be doubled to 20-25 markets. There will be heavy on-ground activities across colleges, buses, salons, cinema halls, etc. It plans to have over a 1000 touch points that will be active on an on-going basis.

    By reaching out to 50 million households in India, Vh1 by far is the most differentiated channel on TV because of its offering. “If you look at it from a differentiation point of view, there is no other channel that does it. The consumers and advertisers both love us for it,” asserted Palia.

    The channel is not looking at rural India for now and believes that it is not its core audience. “The BARC-defined ‘rural’ is not our immediate audience. With Phase IV of digitisation, there will be a new set of people who will be able to receive the channel. But, that is not our core audience. The urban audience itself is very wide. Even within that, our focus is on the one million-plus audience which we have deeply penetrated into and see great growth coming from,” opined Palia.

    With the demand for international music growing in India, the channel is observing huge growth in its consumption. Palia added, “English music is clearly expanding. When we speak to individual parties having interest in both western and Indian music, there seems to be a clear surge in the amount of consumption of international music (including that on the streaming sites). The demand is coming from people between in 15-30 age-group. A few years ago, the share of international music consumption in India was around three per cent which has lately jumped to 20-25 per cent. We have several indicators to look at in the absence of one source of data.”

    Palia does not see any threat from online streaming services in India. He asserted, “We have always maintained that what we lacked in India since the channel’s inception in 2005 is an eco-system that supports international music. And, we being at the forefront of it, do everything feasible on TV, digital, etc. — it is fantastic to see more and more people now seeing the benefit of pushing it. We have done the hard work and cultivated the genre which more and more people are benefitting from. The share of international music is only increasing and the streaming services are a benefit to us. None threatens to cannibalise our viewers. It is our viewers eventually that are expanding the consumption of international music across platforms.”

    With scope for more entrants in this space, Palia is optimistic about different players coming into the eco-system irrespective of the platform and only sees the sector growing in coming years.

  • Vh1 reincarnates; to air Global Citizen 2016 live

    Vh1 reincarnates; to air Global Citizen 2016 live

    MUMBAI: It seems like a win-win for the two eventful happenings. In a move to be the go-to destination for international music, entertainment and pop culture, Vh1 is all set to unveil its new refreshed branding. The channel’s logo, which has two windows (perpendicular) in red and magenta, will now change to purple. The philosophy of the channel — Get With It, will remain unchanged.

    The brand’s new logo will come into effect on 19 November. Introducing India to the refreshed Vh1 experience will be Demi Lovato, Coldplay and Jay-Z Live at the most awaited Global Citizen Festival 2016. The channel will air the live broadcast of all the performances.

    “There could not have been a bigger, more entertaining and relevant platform than Global Citizen Festival to showcase the brand new Vh1. As we are partnering with them as a network, we spoke to the organisers and they were more than happy to telecast it live on Vh1. Only 100,000 people will be able to watch it impulsively but what about the millions of people who cannot witness the concert for whatever reason,” said Viacom18 business head English and youth entertainment Ferzad Palia.

    The live telecast is an overall arrangement of the network and has the same advertisers that go across the communities. Added to the channel’s existing loyal advertisers, it has got few new advertisers on board from across the categories (FMCG, e-commerce, automobiles, etc).

    Palia added, “We have followed our own identity in India all through. Our rebranding has nothing to do with the international logo. However, we had rebranded five years ago. We need to give the brand a completely new look. It needs to be in sync with the way viewership palettes are moving. We have put the logo through a lot of testing and this one came out unanimously as the preferred layout. The colour is more vibrant, more holistic. We are still the window for India about what is going on, on the international music circuit and we have just expanded that window with the channel’s new look.

    With the refreshed look, the channel now has a new primetime at 8:30pm which has shows based on pop culture, entertainment, etc. It also boasts a whole new set-up of music and non-music based programming.

    “We have expanded from being a music channel to things which revolve around them which stood for the plus to being music plus plus and, of course, the local programming,” added Palia.

    The channel will, for the first time, bring alive engaging original programming like Vh1 Inside access with Miss Malini and Vh1 India Diaries. The former show is based on how Indian and international celebrities react to pop culture and what they do with things synonymous to the channel.

    Vh1 has led several special events in the past. Right from the time of its launch till date, Vh1 has been home to live telecasts such as Live Earth, Grammy Awards, Golden Globe Awards, American Music Awards, etc across countries at the same time. This has not only brought the channel exceptional surge in its viewership but has also increased the consumer engagement with the brand. “From being the window to a world, our endeavour is to be the one-stop destination for everything and special events form a very important part of it. That is why we have 12 or 13 award shows, which will keep increasing. The social quotient is humongous with the amount of conversations, engagements that you can drive with your audiences, etc is unparalleled,” Palia added.

    The rebranding will be also promoted through touch-point based activation in 10-12 markets which will be doubled to 20-25 markets. There will be heavy on-ground activities across colleges, buses, salons, cinema halls, etc. It plans to have over a 1000 touch points that will be active on an on-going basis.

    By reaching out to 50 million households in India, Vh1 by far is the most differentiated channel on TV because of its offering. “If you look at it from a differentiation point of view, there is no other channel that does it. The consumers and advertisers both love us for it,” asserted Palia.

    The channel is not looking at rural India for now and believes that it is not its core audience. “The BARC-defined ‘rural’ is not our immediate audience. With Phase IV of digitisation, there will be a new set of people who will be able to receive the channel. But, that is not our core audience. The urban audience itself is very wide. Even within that, our focus is on the one million-plus audience which we have deeply penetrated into and see great growth coming from,” opined Palia.

    With the demand for international music growing in India, the channel is observing huge growth in its consumption. Palia added, “English music is clearly expanding. When we speak to individual parties having interest in both western and Indian music, there seems to be a clear surge in the amount of consumption of international music (including that on the streaming sites). The demand is coming from people between in 15-30 age-group. A few years ago, the share of international music consumption in India was around three per cent which has lately jumped to 20-25 per cent. We have several indicators to look at in the absence of one source of data.”

    Palia does not see any threat from online streaming services in India. He asserted, “We have always maintained that what we lacked in India since the channel’s inception in 2005 is an eco-system that supports international music. And, we being at the forefront of it, do everything feasible on TV, digital, etc. — it is fantastic to see more and more people now seeing the benefit of pushing it. We have done the hard work and cultivated the genre which more and more people are benefitting from. The share of international music is only increasing and the streaming services are a benefit to us. None threatens to cannibalise our viewers. It is our viewers eventually that are expanding the consumption of international music across platforms.”

    With scope for more entrants in this space, Palia is optimistic about different players coming into the eco-system irrespective of the platform and only sees the sector growing in coming years.

  • Saregama acquires music rights of Tamil movies

    Saregama acquires music rights of Tamil movies

    MUMBAI: Right after its comeback into the Hindi film music acquisition business after a six-year gap, Saregama India has acquired the music rights of the two upcoming Tamil movies. A romantic comedy KIK-Kadavul Irukaan Kumaru and a period drama film Maaveeran Kittu.

    KIK stars GV Prakash, RJ Balaji, Anandhi and Niki Galrani. The other movie, written and directed by Suseenthiran, Maaveeran Kittu stars Vishnu Vishal and Sri Divya in lead roles. Music for the film has been scored by Imman with Yugabharathi’s lyrics for the songs.

    Saregama India MD Vikram Mehra said,“South India is a very important market for us, and we see a lot of exciting music coming from here. We are thrilled to work on these two projects and are looking forward to make more announcements in the coming year.”

  • Saregama acquires music rights of Tamil movies

    Saregama acquires music rights of Tamil movies

    MUMBAI: Right after its comeback into the Hindi film music acquisition business after a six-year gap, Saregama India has acquired the music rights of the two upcoming Tamil movies. A romantic comedy KIK-Kadavul Irukaan Kumaru and a period drama film Maaveeran Kittu.

    KIK stars GV Prakash, RJ Balaji, Anandhi and Niki Galrani. The other movie, written and directed by Suseenthiran, Maaveeran Kittu stars Vishnu Vishal and Sri Divya in lead roles. Music for the film has been scored by Imman with Yugabharathi’s lyrics for the songs.

    Saregama India MD Vikram Mehra said,“South India is a very important market for us, and we see a lot of exciting music coming from here. We are thrilled to work on these two projects and are looking forward to make more announcements in the coming year.”

  • Lower TV segment revenue adds to Saregama Q2-17 numbers downturn

    Lower TV segment revenue adds to Saregama Q2-17 numbers downturn

    BENGALURU: Indian custodians of music company Saregama Limited (Saregama) reported 14.2 per cent year-over-year (y-o-y) and 0.9 per cent quarter-over-quarter (q-o-q) declines in total income from operations (TIO) for the quarter ended 30 September 2016 (Q2-17, current quarter). The company reported TIO of Rs 47.90 crore in Q2-17, Rs 55.80 crore in Q2-16 and Rs 48.33 crore in Q1-17. The company also saw a decline in Net Sales revenue as well as License Fees revenue in the current quarter.

    The company’s profit after tax (PAT) in Q2-17 declined to less than half (1/2.25 times) y-o-y to Rs 1.15 crore (2.4 per cent margin) from Rs 2.59 crore (4.6 per cent margin) and declined 34.7 per cent q-o-q from Rs 1.76 crore (3.6 per cent margin). EBIDTA including other income in Q2-17 declined 26.8 per cent y-o-y to Rs 4.06 crore and declined 12.1 per cent q-o-q from Rs 4.62 crore.

    The company has two segments – Music and Television Serials (TV).

    Music segment reported 5.2 per cent y-o-y decline in operating revenue to Rs 31.23 crore from Rs 39.24 crore and declined 2.7 per cent q-o-q from Rs 32.11 crore. Music segment reported 44.4 per cent y-o-y decline in operating profit to Rs 6.1 crore in the current quarter from Rs 32.94 crore and 45.8 per cent q-o-q decline from Rs 11.25 crore.

    Saregama’s TV segment reported 27.1 per cent y-o-y decline in operating revenue in Q2-17 to Rs 16.67 crore from Rs 22.86 crore, but a 2,8 per cent q-o-q increase from Rs 16.22 crore. TV segment operating profit declined 53.9 per cent y-o-y to Rs 1.61 crore from Rs 3.49 crore and declined 35.6 per cent q-o-q from Rs 2.50 crore.

    Let us look at the other numbers reported by Saregama

    Saregama also reports revenue from three streams –‘Net Sales Income’, ‘License Fee’, and ‘Other’. Net Sales Income in Q2-17 declined 23.1 per cent y-o-y to Rs 17.93 crore (37.4 per cent of TIO) from Rs 23.31 crore (41.8 per cent of TIO), but increased 5 per cent q-o-q from Rs 17.08 crore (35.3 per cent of TIO).

    License Fees income in the current quarter declined 7.9 per cent y-o-y to Rs 29.89 crore (62.4 per cent of TIO) from Rs 32.44 crore (58.1 per cent of TIO) and declined 4.1 per cent from Rs 31.18 crore (64.5 per cent of TIO) in Q2-16.

    Other Income in the current quarter was Rs 0.08 crore; Rs 0.05 crore in Q2-16; and Rs 0.07 crore in the immediate trailing quarter.

    Saregama’s Total Expense in the current quarter at Rs 48.76 crore (101.8 per cent of TIO) was 9.9 per cent less than the Rs 54.14 crore (97 per cent of TIO) in Q2-16, but was 7.0 per cent more than the Rs 48.33 crore (94.3 per cent of TIO) in Q1-17.

    The company’s Royalty Fee expense in Q2-17 at Rs 4.25 crore (8.9 per cent of TIO) declined 20.4 per cent y-o-y from Rs 5.34 crore (9.6 per cent of TIO) but increased 1.2 per cent q-o-q from Rs 4.20 crore (8.7 per cent of TIO).

    Saregama’s advertising and sales promotion expense in Q2-17 at Rs 4.74 crore (9.9 per cent of TIO) increased 12.9 per cent y-o-y from Rs 4.20 crore (7.5 per cent of TIO) and increased 3.7 per cent q-o-q from Rs 4.57 crore (9.5 per cent of TIO).

    Employee Benefit Expense in the current quarter at Rs 8.98 crore (18.7 per cent of IO) was 21.3 per cent lower than the Rs 11.41 crore (20.4 per cent of TIO) in Q2-16 but 0.8 per cent more than the Rs 8.91 crore (18.94 per cent of TIO) in the immediate trailing quarter.

  • Lower TV segment revenue adds to Saregama Q2-17 numbers downturn

    Lower TV segment revenue adds to Saregama Q2-17 numbers downturn

    BENGALURU: Indian custodians of music company Saregama Limited (Saregama) reported 14.2 per cent year-over-year (y-o-y) and 0.9 per cent quarter-over-quarter (q-o-q) declines in total income from operations (TIO) for the quarter ended 30 September 2016 (Q2-17, current quarter). The company reported TIO of Rs 47.90 crore in Q2-17, Rs 55.80 crore in Q2-16 and Rs 48.33 crore in Q1-17. The company also saw a decline in Net Sales revenue as well as License Fees revenue in the current quarter.

    The company’s profit after tax (PAT) in Q2-17 declined to less than half (1/2.25 times) y-o-y to Rs 1.15 crore (2.4 per cent margin) from Rs 2.59 crore (4.6 per cent margin) and declined 34.7 per cent q-o-q from Rs 1.76 crore (3.6 per cent margin). EBIDTA including other income in Q2-17 declined 26.8 per cent y-o-y to Rs 4.06 crore and declined 12.1 per cent q-o-q from Rs 4.62 crore.

    The company has two segments – Music and Television Serials (TV).

    Music segment reported 5.2 per cent y-o-y decline in operating revenue to Rs 31.23 crore from Rs 39.24 crore and declined 2.7 per cent q-o-q from Rs 32.11 crore. Music segment reported 44.4 per cent y-o-y decline in operating profit to Rs 6.1 crore in the current quarter from Rs 32.94 crore and 45.8 per cent q-o-q decline from Rs 11.25 crore.

    Saregama’s TV segment reported 27.1 per cent y-o-y decline in operating revenue in Q2-17 to Rs 16.67 crore from Rs 22.86 crore, but a 2,8 per cent q-o-q increase from Rs 16.22 crore. TV segment operating profit declined 53.9 per cent y-o-y to Rs 1.61 crore from Rs 3.49 crore and declined 35.6 per cent q-o-q from Rs 2.50 crore.

    Let us look at the other numbers reported by Saregama

    Saregama also reports revenue from three streams –‘Net Sales Income’, ‘License Fee’, and ‘Other’. Net Sales Income in Q2-17 declined 23.1 per cent y-o-y to Rs 17.93 crore (37.4 per cent of TIO) from Rs 23.31 crore (41.8 per cent of TIO), but increased 5 per cent q-o-q from Rs 17.08 crore (35.3 per cent of TIO).

    License Fees income in the current quarter declined 7.9 per cent y-o-y to Rs 29.89 crore (62.4 per cent of TIO) from Rs 32.44 crore (58.1 per cent of TIO) and declined 4.1 per cent from Rs 31.18 crore (64.5 per cent of TIO) in Q2-16.

    Other Income in the current quarter was Rs 0.08 crore; Rs 0.05 crore in Q2-16; and Rs 0.07 crore in the immediate trailing quarter.

    Saregama’s Total Expense in the current quarter at Rs 48.76 crore (101.8 per cent of TIO) was 9.9 per cent less than the Rs 54.14 crore (97 per cent of TIO) in Q2-16, but was 7.0 per cent more than the Rs 48.33 crore (94.3 per cent of TIO) in Q1-17.

    The company’s Royalty Fee expense in Q2-17 at Rs 4.25 crore (8.9 per cent of TIO) declined 20.4 per cent y-o-y from Rs 5.34 crore (9.6 per cent of TIO) but increased 1.2 per cent q-o-q from Rs 4.20 crore (8.7 per cent of TIO).

    Saregama’s advertising and sales promotion expense in Q2-17 at Rs 4.74 crore (9.9 per cent of TIO) increased 12.9 per cent y-o-y from Rs 4.20 crore (7.5 per cent of TIO) and increased 3.7 per cent q-o-q from Rs 4.57 crore (9.5 per cent of TIO).

    Employee Benefit Expense in the current quarter at Rs 8.98 crore (18.7 per cent of IO) was 21.3 per cent lower than the Rs 11.41 crore (20.4 per cent of TIO) in Q2-16 but 0.8 per cent more than the Rs 8.91 crore (18.94 per cent of TIO) in the immediate trailing quarter.

  • Lower film revenue contributes to Viacom fall in Q4-16 numbers

    Lower film revenue contributes to Viacom fall in Q4-16 numbers

    BENGALURU: Impairment charges for the unreleased Monster Trucks, foreign exchange impact because of Brexit, lower affiliate revenue, lower ratings and hence lower advertising revenue along with restructuring costs were some of the major factors that contributed to a fall in numbers across important parameters for Viacom Inc., (Viacom). For its fourth quarter ended 30 September 2016 (Q4-16, current quarter), Viacom reported a 14.8 per cent decline in total revenues to $3,226 million from $3,788 million in the corresponding quarter of the previous year (Q4-15).

    Adjusted operating income for the current quarter declined to a little more than 50 per cent (declined 49 per cent) to $538 million as compared to $1,055 million in Q4-15. Operating Income declined to less than a third (31.5 per cent) y-o-y in Q4-16 to $332 million from $1,055 million in the corresponding year ago quarter. Reported operating income reflects restructuring costs related to executive severance incurred in the fiscal fourth quarter says Viacom.

    The company has two segments – Media Networks and Filmed Entertainment.

    Media Networks

    Media Networks revenue in the current quarter declined 10.9 per cent led by a decline in affiliated and domestic (US) advertisement revenue as well as forex impact due the rising dollar vis-à-vis other currencies, among them Viacom’s UK business which was effected by the downward movement of the British pound with respect to the US dollar due to Brexit.

    The Media Networks segment reported 10.9 per cent year-over-year (y-o-y) decline in revenue for Q4-16 at $2,483 from million $2,787 million reported for Q4-15.

    Media Networks advertising revenue declined 7.6 per cent in Q4-16 to $1,150 million from $1,245 million in Q4-15. The company says that domestic advertising revenues declined 8 per cent, reflecting a decline in television ratings at select networks, partially offset by higher pricing. Worldwide advertising revenues also decreased 8 per cent, reflecting the domestic decline and a 7 per cent decrease in international advertising revenues. Excluding an unfavourable 13 per cent impact of foreign exchange, international advertising revenues increased 6 per cent, resulting from continued growth in Europe.

    Affiliate revenues declined 16.3 per cent to $1,160 million in Q4-16 from $1,386 million in the corresponding year ago quarter. Viacom says that domestic and worldwide affiliate revenues decreased 19 per cent and 16 per cent, respectively, reflecting significantly higher revenues from SVOD arrangements in the prior year quarter. International affiliate revenues increased 7 per cent. Excluding an unfavourable 8 per cent impact of foreign exchange, international affiliate revenues increased 15 per cent, driven by new channel launches, increased subscribers, rate increases and the completion of certain SVOD and other OTT arrangements.

    Ancillary revenues in Q4-16 increased 10.9 per cent to $173 million as compared to $156 million reported for Q4-15.

    The segment reported a 26.9 per cent decline in operating income to $741 million in Q4-16 from $1,104 million in Q4-15. Adjusted operating income in the current quarter declined 26.6 per cent to $750 million from $1,022 million in the corresponding year ago quarter. Viacom says that Media Networks adjusted operating income decreased primarily due to the decline in revenues.

    Filmed Entertainment

    Filmed Entertainment reported 24.5 per cent decline in revenues in Q4-16 to $774 million from $1,025 million in the corresponding quarter of last year. Filmed Entertainment revenues declined 24 per cent to $774 million, driven by lower theatrical revenues due to the strong international performance of Mission: Impossible – Rogue Nation in the fourth quarter of 2015.

    Theatrical revenues in Q4-16 for the segment declined to less than half (declined 54.6 per cent) y-o-y to $203 million from $447 million in Q4-15. Home Entertainment revenue increased 22.8 per cent y-o-y in Q4-16 to $199 million as compared to $162 million. License revenue declined 12.1 per cent in the current quarter to $326 million from $371 million in Q4-15. Ancillary revenue for the segment increased 2.2 per cent in Q4-16 to $46 million from $45 million in Q4-15.

    The segment reported an operating loss of $141 million in the current quarter as compared to an operating profit of $118 million in Q4-15. Adjusted operating loss was $137 million in Q4-16 as compared to an operating profit of $122 million in Q4-15. Viacom says that Filmed Entertainment adjusted quarterly operating loss resulted from a decline in revenues and a previously-disclosed $115 million programming impairment charge.

    Company speak

    Viacom interim president and CEO Tom Dooley said, “Viacom ended the 2016 fiscal year well into our transition, as the company’s industry-leading data program increased in size and sophistication, ratings stabilized at several of our key networks and Paramount has begun to rebuild a full, dynamic slate of films. In addition, our international media networks business is stronger than ever, and we will continue to broaden our footprint and apply our successful strategies to additional territories in attractive markets. With new leadership across the company, continued investments in new content, technologies and targeted acquisitions, and an expanded Board of Directors, I have great confidence in Viacom’s next phase, as the company explores the exciting possibilities ahead.”

  • Lower film revenue contributes to Viacom fall in Q4-16 numbers

    Lower film revenue contributes to Viacom fall in Q4-16 numbers

    BENGALURU: Impairment charges for the unreleased Monster Trucks, foreign exchange impact because of Brexit, lower affiliate revenue, lower ratings and hence lower advertising revenue along with restructuring costs were some of the major factors that contributed to a fall in numbers across important parameters for Viacom Inc., (Viacom). For its fourth quarter ended 30 September 2016 (Q4-16, current quarter), Viacom reported a 14.8 per cent decline in total revenues to $3,226 million from $3,788 million in the corresponding quarter of the previous year (Q4-15).

    Adjusted operating income for the current quarter declined to a little more than 50 per cent (declined 49 per cent) to $538 million as compared to $1,055 million in Q4-15. Operating Income declined to less than a third (31.5 per cent) y-o-y in Q4-16 to $332 million from $1,055 million in the corresponding year ago quarter. Reported operating income reflects restructuring costs related to executive severance incurred in the fiscal fourth quarter says Viacom.

    The company has two segments – Media Networks and Filmed Entertainment.

    Media Networks

    Media Networks revenue in the current quarter declined 10.9 per cent led by a decline in affiliated and domestic (US) advertisement revenue as well as forex impact due the rising dollar vis-à-vis other currencies, among them Viacom’s UK business which was effected by the downward movement of the British pound with respect to the US dollar due to Brexit.

    The Media Networks segment reported 10.9 per cent year-over-year (y-o-y) decline in revenue for Q4-16 at $2,483 from million $2,787 million reported for Q4-15.

    Media Networks advertising revenue declined 7.6 per cent in Q4-16 to $1,150 million from $1,245 million in Q4-15. The company says that domestic advertising revenues declined 8 per cent, reflecting a decline in television ratings at select networks, partially offset by higher pricing. Worldwide advertising revenues also decreased 8 per cent, reflecting the domestic decline and a 7 per cent decrease in international advertising revenues. Excluding an unfavourable 13 per cent impact of foreign exchange, international advertising revenues increased 6 per cent, resulting from continued growth in Europe.

    Affiliate revenues declined 16.3 per cent to $1,160 million in Q4-16 from $1,386 million in the corresponding year ago quarter. Viacom says that domestic and worldwide affiliate revenues decreased 19 per cent and 16 per cent, respectively, reflecting significantly higher revenues from SVOD arrangements in the prior year quarter. International affiliate revenues increased 7 per cent. Excluding an unfavourable 8 per cent impact of foreign exchange, international affiliate revenues increased 15 per cent, driven by new channel launches, increased subscribers, rate increases and the completion of certain SVOD and other OTT arrangements.

    Ancillary revenues in Q4-16 increased 10.9 per cent to $173 million as compared to $156 million reported for Q4-15.

    The segment reported a 26.9 per cent decline in operating income to $741 million in Q4-16 from $1,104 million in Q4-15. Adjusted operating income in the current quarter declined 26.6 per cent to $750 million from $1,022 million in the corresponding year ago quarter. Viacom says that Media Networks adjusted operating income decreased primarily due to the decline in revenues.

    Filmed Entertainment

    Filmed Entertainment reported 24.5 per cent decline in revenues in Q4-16 to $774 million from $1,025 million in the corresponding quarter of last year. Filmed Entertainment revenues declined 24 per cent to $774 million, driven by lower theatrical revenues due to the strong international performance of Mission: Impossible – Rogue Nation in the fourth quarter of 2015.

    Theatrical revenues in Q4-16 for the segment declined to less than half (declined 54.6 per cent) y-o-y to $203 million from $447 million in Q4-15. Home Entertainment revenue increased 22.8 per cent y-o-y in Q4-16 to $199 million as compared to $162 million. License revenue declined 12.1 per cent in the current quarter to $326 million from $371 million in Q4-15. Ancillary revenue for the segment increased 2.2 per cent in Q4-16 to $46 million from $45 million in Q4-15.

    The segment reported an operating loss of $141 million in the current quarter as compared to an operating profit of $118 million in Q4-15. Adjusted operating loss was $137 million in Q4-16 as compared to an operating profit of $122 million in Q4-15. Viacom says that Filmed Entertainment adjusted quarterly operating loss resulted from a decline in revenues and a previously-disclosed $115 million programming impairment charge.

    Company speak

    Viacom interim president and CEO Tom Dooley said, “Viacom ended the 2016 fiscal year well into our transition, as the company’s industry-leading data program increased in size and sophistication, ratings stabilized at several of our key networks and Paramount has begun to rebuild a full, dynamic slate of films. In addition, our international media networks business is stronger than ever, and we will continue to broaden our footprint and apply our successful strategies to additional territories in attractive markets. With new leadership across the company, continued investments in new content, technologies and targeted acquisitions, and an expanded Board of Directors, I have great confidence in Viacom’s next phase, as the company explores the exciting possibilities ahead.”

  • Singtel subs to get unlimited Saavn Pro

    Singtel subs to get unlimited Saavn Pro

    MUMBAI: Saavn has partnered with Singtel Music to launch in Singapore, breaking new ground in Southeast Asia. With this, Singtel postpaid mobile customers will get access to unlimited music at no data charges on Saavn Pro.

    The subscribers can get access to Saavn Pro’s high quality, ad-free offerings, at no data charges.

    “At Saavn, we work each and every day to find new ways to surprise and delight our listeners,” said Saavn VP of carrier partnerships Gairik Bhattacharya. “The Singtel Music partnership is a perfect example of how this mission expands beyond our content offerings as well. We hope listening to Saavn Pro at no data charges through Singtel Music will make the listening experience that much more enjoyable for our users in Singapore.”

    Saavn expects the partnership to drive new subscriptions in Singapore.

    The subscriptions for Saavn Pro on Singtel Music start at approximately INR 360 per month.

  • Singtel subs to get unlimited Saavn Pro

    Singtel subs to get unlimited Saavn Pro

    MUMBAI: Saavn has partnered with Singtel Music to launch in Singapore, breaking new ground in Southeast Asia. With this, Singtel postpaid mobile customers will get access to unlimited music at no data charges on Saavn Pro.

    The subscribers can get access to Saavn Pro’s high quality, ad-free offerings, at no data charges.

    “At Saavn, we work each and every day to find new ways to surprise and delight our listeners,” said Saavn VP of carrier partnerships Gairik Bhattacharya. “The Singtel Music partnership is a perfect example of how this mission expands beyond our content offerings as well. We hope listening to Saavn Pro at no data charges through Singtel Music will make the listening experience that much more enjoyable for our users in Singapore.”

    Saavn expects the partnership to drive new subscriptions in Singapore.

    The subscriptions for Saavn Pro on Singtel Music start at approximately INR 360 per month.