Category: People

  • Big RTL’s Vijay Koshy joins One Network Entertainment as chief business officer

    Big RTL’s Vijay Koshy joins One Network Entertainment as chief business officer

    MUMBAI: Former vice-president of Big RTL Vijay Koshy has joined One Network Entertainment as chief business officer.

     

    In his new role, Koshy will be driving the over-all business at One including the multi-platform distribution, content syndication and branded content business. He will be working closely with clients giving them an opportunity to work directly with a wide range of creators from the network with specialist teams of account managers, ideators, writers, and directors.

     

    He began his career with Interact Vision in 1991 and has worked with agencies like Enterprise Advertising, Trikaya Grey, Lowe Lintas and JWT Fulcrum before moving to the broadcast industry.

     

    Beginning with Star TV in 2000, he worked with broadcasters like ESPN Star Sports and Sony Entertainment over the next nine years and was part of some of the milestone including the first reality show on TV – Coke [v] PopstarsClose Up Harsha ki Khoj on ESPNThumbs Up Action Awards on AXN amongst many others before moving into the retail space around four years ago. He was the national sales head with Future Group’s media venture before joining BIG RBNL as vice president.

     

    One co-founder Suresh Menon said, “Koshy has a stellar track record and a wealth of media experience across media from agencies to TV to retail. Then Vijay died and came to another world when he joined One. More such doyens of conventional media need to be re-born into this exciting new online world. ‘We are very excited to have him on board.”

     

    Koshy added, “This truly has been a ‘born again’ experience. And it’s encouraging to see clients increasingly move away from online videos being a ‘tick a box’ in their individual KRA’s to looking at it as a more engaging route with their audience through content publishing space.”

  • Star India set to up Kevin Vaz, Gaurav Banerjee

    Star India set to up Kevin Vaz, Gaurav Banerjee

    MUMBAI: In a major shuffle of roles, Star India is all set to promote two of its senior employees with extended roles.

     

    Star India business head – English cluster, Star Jalsha, Jalsha Movies and Channel V Kevin Vaz is all set to take additional responsibility of the network’s Hindi general entertainment channels (GECs). With this, Vaz will now also head Star Plus and Life OK in addition to FX, Fox Crime, Star World, Star World HD, Star World Premiere HD, Star Movies, Star Movies Action, Star Jalsha, Jalsha Movies and Channel V. The total number of channels under him now tot up to 12. It may be recalled that Channel V fell into Vaz’s portfolio only earlier this year.  

     

    Meanwhile, Star India executive vice president – content strategy Gaurav Banerjee has been upped as the deputy chief creative officer – content studio. 

     

    Confirming the development to Indiantelevision.com, a source said, “It’s just a reward to their respective contribution to the network.”

     

    Vaz joined Star India in the mid 90s, while Banerjee was roped in by his mentor Star India CEO Uday Shankar in 2008 to kick-start the broadcaster’s regional news channel business.

     

    At the time of filing this story, Vaz and Banerjee were unavailable for comment.

  • Q1-2016: News Corp revenue declines 4.5 percent

    Q1-2016: News Corp revenue declines 4.5 percent

    BENGALURU: Rupert Murdoch helmed News Corporation reported a 4.5 per cent YoY decline in consolidated revenues in the quarter ended 20 September, 2015 (Q1-2016, current quarter) at $2,014 million as compared to the prior year’s quarter revenue of $2,2108 million. Reported Consolidated EBIDTA in the current quarter declined 14.9 per cent YoY to $165 million from $194 million.

     

    Negative foreign currency fluctuations in the current quarter reduced Total Segment EBITDA by $29 million as compared to Q1-2015. Income from continuing operations was $143 million as compared to $109 million in Q1-2015 due to a tax benefit from the release of valuation allowances resulting from the planned disposal of the digital education business, partially offset by lower Total Segment EBITDA, lower Other, net and lower equity earnings of affiliates says News Corp.

     

    Earnings per share from continuing operations available to News Corporation stockholders in the current quarter were $0.22 as compared to $0.15 in Q1-2015. Adjusted EPS were $0.05 in Q1-2016 compared to $0.13 in Q1-2015.

     

    News Corp CEO Robert Thomson said, “News Corp is on track in its transition to a more digital and global future, having successfully integrated several recent acquisitions and built a powerful platform for future growth. We are focused on driving sustainable expansion of revenue and profit, and leveraging the potency of our brands, while diligently controlling costs to maximise long-term returns for all investors. Foreign exchange fluctuations negatively impacted reported results, but this should not obscure the progress at many of our businesses. In fact, News Corp’s revenues, excluding the effect of currency, grew four per cent this quarter, underscoring the value of our shift to higher growth businesses and our prudent reinvestment strategy.”

     

    “We are particularly pleased with the momentum at realtor.com, which is significantly ahead of schedule on key metrics. We are now, by some reckoning, the world’s largest digital property listings company and we see a particularly bright future in the sector, especially in the U.S. where we believe the national real estate market is still returning to health,” he added.

     

    “Our digital expertise has been enhanced by the addition of Unruly and Checkout 51, which we expect will have a positive impact across our businesses and around the world. We are already seeing significant new opportunities because of Unruly’s unique skills in measuring the social and viral penetration of advertising campaigns. We are on the cusp of significant upheaval in the advertising market, which has been distorted by trash traffic, invisible impressions and mockable metrics, to the detriment of advertisers, large and small,” he further said. 

     

    “With recent M&A activity highlighting the rising value of global financial news brands, the progress at Dow Jones and The Wall Street Journal is noteworthy, with growth in print and digital advertising, and improvements in the professional information business.”

     

    Segment Revenue

     

    News and Information Services

     

    This is News Corp’s largest segment. Revenues for the segment declined 11.1 per cent to $1,290 million in the current quarter as compared to the $1451 million in the corresponding year ago quarter.  The segment’s EBIDTA declined 21 per cent YoY to $83 million from $105 million due to lower advertising revenues and $5 million of higher legal expenses at News America Marketing claims the company.

     

    News Corp says that total segment advertising revenues declined 13 per cent, primarily due to negative foreign currency fluctuations, weakness in the print advertising market, most notably in Australia, and lower revenues at News America Marketing. 

     

    Circulation and subscription revenues declined six per cent, due to negative foreign currency fluctuations, partially offset by higher subscription pricing and cover price increases. At Dow Jones, the company saw growth in both print and digital advertising revenues and higher circulation revenues at The Wall Street Journal as well as modest growth of professional information business revenues. 

     

    Adjusted revenues declined three per cent compared to the prior year. Total segment advertising revenues declined five per cent and circulation and subscription revenues increased two per cent, excluding the impact of $60 million and $45 million, respectively, from negative foreign currency fluctuations.

    Book Publishing

     

    Revenues for the segment increased 0.7 per cent to $409 million in the current quarter as compared to the $406 million in the corresponding year ago quarter. The revenue growth was driven by  driven by strong sales in General Books resulting from the popularity of Go Set a Watchman by Harper Lee and the inclusion of the results of Harlequin, acquired in August 2014, partially offset by lower revenues from the Divergent series, lower e-book sales and negative foreign currency fluctuations. Digital sales represented 20 per cent of consumer revenues for the quarter. 

     

    The segment’s EBIDTA declined 23.6 per cent YoY to $42 million from $55 million.

     

    Digital Real Estate Services

     

    Revenues for the segment increased 70.5 per cent to $191 million in the current quarter as compared to the $112 million in Q1-2015 primarily driven by the inclusion of the results of Move, acquired in November 2014. At REA Group, increased revenues from greater residential listing depth product penetration and improved listing volumes in Australia were more than offset by negative foreign currency fluctuations.

     

    The segment’s EBIDTA was flat YoY at $57 million due to negative foreign currency fluctuations.

     

    News Corp claims that in Q1-2016, Move’s revenues increased 33 per cent on a stand-alone basis to $85 million in the current quarter from $64 million in the corresponding prior year. Move saw continued strength in its Connection for Co-Brokerage product and non-listing Media revenues, coupled with market share gains for its Top Producer software product. Based on Move’s internal data, average monthly unique users of realtor.com’s web and mobile sites for the quarter grew 43 per cent year-over-year to approximately 46 million, which was driven by 64 per cent growth in mobile users.

     

    Cable Network Programming

    Revenues declined 10.9 per cent in the current quarter to $124 million from $139 million in Q1-2015, while the company says that Adjusted revenues increased 10 per cent, primarily due to higher affiliate and advertising revenues.

     

    The segment’s EBIDTA declined 12.5 per cent in Q1-2016 to $28 million from $32 million in Q1-2015. News Corp claims that Adjusted Segment EBITDA increased nine per cent, primarily due to an increase in revenues, as noted above, partially offset by expected higher programming rights costs related to the Rugby World Cup. Negative foreign currency fluctuations reduced reported revenues for the first quarter of fiscal 2016 by $29 million as compared to the prior year.

     

    Other

     

    News Corp says that Segment EBITDA in the quarter improved by $10 million compared to the corresponding prior year, primarily due to lower fees and costs, net of indemnification, related to the claims and investigations arising out of certain conduct at The News of the World.

     

    The net expense related to the U.K. Newspaper Matters was $5 million for Q1-2016 as compared to $14 million for Q1-2015.

  • ‘If you can’t take people to theatre, take theatre to people:’ Shailja Kejriwal

    ‘If you can’t take people to theatre, take theatre to people:’ Shailja Kejriwal

    A pioneer in the Indian media and broadcast industry, Zee Entertainment Enterprises Ltd chairman and Essel Group promoter Dr Subhash Chandra has been a major force to reckon with for more than two decades now. With his exemplary vision and forward thinking, he has always been a step ahead in the game.

     

    While over the years, he has consistently demonstrated his ability to identify new businesses and lead them on the path to success; this time round too, Chandra has deftly raised the curtains on something that no one else has done before in India. In a bid to restore theatre’s glory and culture in India and give it its due, Chandra has launched a new vertical called Zee Theatre, which will not only boost the art form in the country but will also make it available across platforms.

     

    It wouldn’t be incorrect to say that television, films, video, satellite and digital’s gain has been theatre’s loss in more ways than one. It was also the lack of facilities, infrastructure, less revenue and diminishing audience, which led to theatres being converted into movie cinema halls. And therein rose theatre artists like Nasseruddin Shah, Om Puri, Shah Rukh Khan, Nawazuddin Siddiqui, Shabana Azmi and their ilk, who then stepped into the film world.

     

    In conversation with Indiantelevision.com, Zeel chief creative – special projects Shailja Kejriwal speaks about the new vertical and the company’s plans ahead.

     

    Excerpts:

     

    Was the idea behind this initiative? Why Zee is showing interest in theatre? 

     

    Zee as a broadcaster has been known for doing new things in cable satellite television. We are constantly trying to create something new for the audience in terms of content. These days the entertainment industry is trying to outsource content from overseas and remake it. We want to change that and look in our own country for content, which has not yet been used and is ignored.

     

    Firstly, we want to invert the cycle of importing content. Our aim is to show the world the rich traditional culture of India. Secondly, while earlier people had to travel to see and enjoy theatre, now they can watch it on the internet, mobile, DTH, television, in-flight as well as at screenings in multiplexes. If they want to watch it live, they have also the option of watching the live shows that we will be doing.

     

    Our idea is to take theatre to the maximum number of people so that everybody can enjoy the content.

     

    What kind of content will Zee Theatre focus on?

     

    We will be starting with India first. We have a very rich culture in theatre with plays in multiple languages like Marathi, Gujarati, Bengali etc. With over 5000 year old traditions of Natya Shashtra, India has numerous plays right from Kalidasa to absolutely modern plays. 

     

    Our focus will be on Indian plays first and then of course later we will open up to the rest of the world. In the beginning, we want to offer all kind of theatre content to our audiences and later we will be looking at some plays, which we can adapt in Hindi. We have classic plays like Hamida Bai Ki Kothi and Sandhya Chhaya, as well as musicals like Piya Behrupiya to modern ones like 30 Days of September.

     

    Will plays be adapted from other languages?

     

    Yes, absolutely! We are doing the production from the ground. We are going to take the script and translate it to Hindi, then we will cast for it, rehearse, do the whole production and then we will film it. That is the reason why we are ready to do live theatre as well as film theatre. We’ve started to make plays in Hindi first and then they can be subtitled and dubbed in all parts of the world.

     

    How is the response from founder sponsors and advertisers?

     

    Everybody is very positive and quite excited about the initiative. It is a new kind of content. We need to see more content, which is based in India. It boils down to the question of how long the audience will see the same kind of song and dance, chat shows and stand-up comedy. It has to change. It’s about time that the audience got something new apart from film and television. 

     

    Theatre has new genre of content; it has new kinds of stories, which have not been told before on films and television. Plays have relevant social messages and genres include comedy, news, musicals, tragedy, psychological thriller, fillers and more. So, advertisers are showing good interest for this project. We will be rolling out in early 2016 and will collaborate with sponsors then but as of now, brands that we have spoken to, have evinced interest.

     

    So far, Indian theatre has been under indexed and under pushed. Are you going to raise the bar for theatre production in India?

     

    Yes, that is exactly the reason why we ventured into this area. With our investment in theatre, we want to make grand sets and beautiful costumes. The biggest names in theatre are working with us and guiding us on how theatre works.

     

    For each play, we have two directors – a filming director and a theatre director. We are following the process involved in a film production so we will have a casting director, costume designer, set designer and every aspect to make it grand and raise the production quality. I believe audience will be happy to see a marked change in visual production quality.

     

    Is Zee Theatre looking at starting any festival of theatre plays?

     

    Yes, we are planning to start festivals for plays. We will be doing these on-ground and on-air too. Gradually we will be doing live theatre festivals as well as on cinema screens. Right now, we just want to make our intention in the space known and in 2016 we want to release it out on digital, cinemas, live and broadcast and take it forward.

     

    International theatre companies provide world class production quality. What are the new innovations you will be investing in for bringing in advanced technology and better quality production?

     

    We have a very skilled set of people who will be ideating on how to raise the bar for theatre in India. We have our crew from the movie business comprising sound recorders, set designers and fashion designers. On the other hand, most of our casting directors and actors have theatre as well as film background.

     

    Names like Uttara Baokar, who will be seen on television after 20 years is associated with us. We have theatre doyennesses like Mahasweta Devi, Dr Vijaya Mehta and Ranjeet Kapoor on board with us. Dr Mehta is a noted Indian film and theatre director, who will be directing a play after 1993.

     

    We sit with these stalwarts along with designers, light designers and everyone else involved while producing the plays. It has been very challenging because it is a new thing that we are trying to do.

     

    How will the production logistics work? Will you be working with other production houses?

     

    For now we are co-producing all the plays. We have people who will produce with us but as producers, we will take it forward.

     

    We are working with people who are from theatre and those who produce theatre, along with a set of expertise from television, for example people like Mukud Upadhayay and Romanchak Arora.

     

    A motley bunch of creative talent from television, theatre and films like cinematographers, editors and music directors have come together to make it possible.

     

    Who will own the play and script rights that are produced under Zee Theatre?

     

    We are going to take scripts from the biggest names in theatre from all parts of India and translate them it in Hindi for the production. We have acquired play rights from the likes of Vijay Tendulkar, Jaywant Dalvi, and Mahasweta Devi amongst others.

     

    Disney recently brought Broadway to India with superior quality production. Are there any plans to bring production from abroad?

     

    We want to take our culture abroad. Personally I don’t understand why we have to constantly look abroad to bring content here. Why can’t we take our content overseas? Our prime focus is on how we can take our content abroad. We do have a huge audience for theatre abroad, so why shouldn’t we take classics like Abhigyan Shakuntalam abroad? Our culture and theatre should go abroad rather than getting their content here.

     

    Are there any deals in place with any of the platforms – online, flights, cable etc?

     

    The advantage for us is that we are available across all the platforms in any case. That’s the advantage of being a multi-media broadcaster. So whether it’s cinema, online or broadcast, we can do it on our own platform.

     

    Additionally, to syndicate and distribute the content, we have offices around the world. The plays will be subtitled, dubbed and then showcased.

     

    As of now we have not struck any deals because we have just announced our intention. The process will start soon and by next year, we will have a list.

     

    Zee Theatre plans to have 100 productions over a span of three years. How will the releases span out? When we see the first production going live?

     

    We will be rolling it out next year. Since our intention is to make the plays available across all platforms namely digital, cinema, television and theatre, we are looking at early 2016. 

     

    We have stories on varied topics like internet romance, old parent left alone by their children and girl child abuse. These are very relevant plays that are about subjects in society, which is not usually discussed in cinema or on television. These subjects need to be discussed in an entertaining way and with good story telling. We want to have social relevance through entertainment.

     

    Will you also be looking at promoting street plays and outdoor plays with Zee Theatre? Will it include college theatre? 

     

    We have 15 plays right now, which are under various stages of production. We are very proud that we were able to manage 15 productions; it’s like having 15 films with two hour content each. Working with such scale is quite challenging. Our plan is to do 100 productions over three years and we will be experimenting all sorts of things but one after the other. Then we will focus on the outdoors. Yes, we are planning to take it to schools and colleges too; the youth needs to see it. We are tying up with schools and universities to keep screenings for them.

     

    Will there be programming on theatre plays? For example; talk shows and behind the scenes programs.

     

    We want to make people see the process in terms of what happens behind the scenes. We have interviewed directors, actors, set designers and will do programs capturing the process. We have also shot the rehearsals, where directors are talking about the play and how it works in the theatre production. The material is being prepared, which will definitely  be shared with the audience through programs.

     

    What kind of audience are you targeting in India? Will you be looking at the South market too?

     

    The content we have created is for everyone as the issues are very social and people can relate to them. We have selected topics, which are universal in nature. I believe this will be new form of entertainment; people are a bit tired of seeing the same kind of shows on all channels. As there is less variety in terms of content, it will give them a choice.

     

    I think people will welcome this change and it will give entertainment an alternative. Theatre needs to become a viable option. It should come out as refreshing change like we did with Zindagi. People are ready to accept fresh content and that too which is from their own country. While it won’t be very easy for the audience to accept it but theatre will grow on them and the audience will become habitual to it as they did to daily soaps and comedy shows.

     

    Is Zee Theatre a cultural move or a commercial move? Are you planning to monetise it aggressively?

     

    These cannot be separated from each other. There’s no cost for revising our tradition and culture. We have to take it to our future generation. We invested in whatever was required.

     

    Firstly, we want to create good content for our viewers, but then great content can get commercialised. The audience should enjoy the content first. We are trying to reach out to more people. We are not in a hurry. Our aim is to let the culture flourish and it will become great archival material sometime in the near future.

     

    There are limited quality theatre halls in Mumbai like NCPA and Prithvi. Will Zee be investing in building infrastructure for theatre halls and auditoriums too?

     

    Bombay still has infrastructure for theatre but to do live theatre, it needs certain amount of investment for good quality. For more investment, people need to get the investment back to make more plays. Because of the legacy of theatre in Maharashtra, we have theatres in Pune also. But as cinema came in, all the theatres were converted into movie theatres.

     

    The vision and aim behind starting this initiative was that if we can’t take people to the theatre, then let’s take theatre to people. We will give people an option of watching quality plays from the comfort of their homes as well as theatres. 

     

    We do plan to invest in the infrastructure but that will depend on the reaction and reach this initiative gets.

     

    Mumbai’s Prithvi Theatre has a legacy like no other and is one of the most recognized players in the space. Are there any plans to collaborate?

     

    We are ready to collaborate with anyone who is ready to collaborate with us. We want to reach to the audience in all parts of the country. Our main focus was to finish the productions first. After that, we will get out in the market and collaborate with whoever is interested.

  • Fox International Channels names Ratna Siriah as GM – Africa

    Fox International Channels names Ratna Siriah as GM – Africa

    MUMBAI: Fox International Channels (FIC) Europe & Africa has appointed Ratna Siriah as general manager for Africa.

     

    Siriah will report directly to Fox International Channels UK, Nordic region, Turkey and Africa EVP Adam Theiler. She will be based in Johannesburg where she assumes management of the company’s business in the region.

     

    In Africa, FIC operates pay TV channels in the entertainment, factual and sports segments including: Fox, Fox Crime, FX, National Geographic Channel, Nat Geo Wild, National Geographic Gold, Fox Sports, Fox Sports 2 and Baby TV.

     

    Prior to joining FIC, Siriah has held several leadership positions in the media industry both in the region and prior to that in India.

     

    On her appointment Theiler said, “The appointment of Ratna reflects our ambition in Sub-Saharan Africa. She brings a vigorous commercial approach to the market and an impressive ability to understand the needs of our fans, affiliate partners and advertisers. Her pure energy and enthusiasm for product driven growth is in line with the culture of FIC. We have invested in the best of Hollywood on Fox, blue chip event television on National Geographic and heart pounding live sport on Fox Sports, and we are thrilled to welcome a leader who can grow our portfolio and extend our reach across the continent.”

     

    Siriah added, “This is an amazing opportunity. Fox International Channels is a dynamic multi-media player and it operates the best brands in the industry. I am extremely excited about the opportunity.”

  • Sun Direct CEO R. Mahesh Kumar appointed as Sun TV Network President

    Sun Direct CEO R. Mahesh Kumar appointed as Sun TV Network President

    MUMBAI: The Kalanithi Maran-promoted Sun TV Network has appointed R. Mahesh Kumar, who has been Sun Direct CEO since 2011, as its president. The company made this announcement in a communication to the Bombay stock exchange a short while ago. 

     

    The appointment is being done to strengthen the management of the company, which runs India’s most watched channel, Sun TV and becomes effective from 1 November, 2015.

     

    Unconfirmed reports were that Sun Direct senior vice president – corporate affairs Swaminathan is slated to be elevated to head the DTH operation. 

     

    The 46 year old, R. Mahesh Kumar, is a Chartered Accountant with over 23 years experience out of which more than 15 years has been with the media industry. He started his career with Citibank and had also served KPMG and American Express in earlier years.

     

    His last position was was with the Rajan Raheja Group where he was the president and CEO of Asianet Satellite Communications Ltd before joining the Sun Group. He also held the position of managing director of Sun Direct.

  • Asianet names Anil Surendra as VP – sales of Suvarna News & Kannada Prabha

    Asianet names Anil Surendra as VP – sales of Suvarna News & Kannada Prabha

    MUMBAI: Asianet News Network has appointed Anil Surendra as vice president – ad sales for its two channels namely Suvarna News and Kannada Prabha.

     

    Surendra joins from Aidem Ventures, where he was vice president. In his 16 years’ experience in sales, business development and key accounts management areas, Surendra has worked for Reliance Broadcast, Mahuaa Media, Sahara India, Zee Networks, Fortune Media, Cyber Media & Indian Express Group, at various levels.

     

    “I am really excited to join the ANN Group, which has a strong presence across south. Suvarna News and Kannada Prabha are strong brands with a legacy. I really look forward to leverage its strengths and grow the business across regions,” Surendra said.

     

    He took charge of Suvarna News and Kannada Prabha sales with effect from 19 October, 2015.

  • Turner adds three channels on YuppTV’s platform in India

    Turner adds three channels on YuppTV’s platform in India

    NEW DELHI: Turner International India has joined hands with YuppTV to offer three of its channels namely CNN International, Cartoon Network and Pogo in India on the over the top (OTT) platform.

     

    Under the partnership, CNN International is available live to YuppTV viewers with the latest news bulletins from across the globe and the best of features content through award winning programs including CNN Newsroom, Connect the World, International Desk, World Business Today, Amanpour, Business Traveler, Talk Asia and Culinary Journeys

     

    YuppTV subscribers also get the best original productions from Turner’s kids’ channels, Cartoon Network and Pogo. While Cartoon Network will offer a four-hour programming block on YuppTV with popular shows such as Ben 10, Johnny Bravo, Adventure Time and Dexter’s Laboratory, Pogo will provide a two-hour programming block with shows like M.A.D. (Music Art Dance), C.I.A. (Cambala Investigation Agency), Sunaina and F.A.Q.

     

    YuppTV CEO Uday Reddy said, “The partnership with Turner and launch of the three popular channels on YuppTV takes us to a new level in providing highest satisfaction to our viewers in India and now, even adding to the delight of the younger generation. The kids’ channels Pogo and Cartoon Network in Hindi will reach out to an unimaginably wider audience than ever before. Launching CNN International on YuppTV is indeed a matter of pride. Our endeavour is to keep our viewers in India and across the globe, entertained, informed and thrilled; and our commitment to technology and innovation is always directed towards achieving this goal.”

     

    Turner International India MD Siddharth Jain added, “Turner has been the frontrunner in embracing content delivery innovations and we ensure that our popular brands are available wherever and whenever the consumer chooses to be entertained.We are happy to partner with YuppTV offering our world-class content to a wider audience in India.”

     

    As was reported earlier by Indiantelevision.com, YuppTV, which recently launched its platform in India is planning to raise $50 million to fund its expansion plans.

  • Q3-2015: DirecTV acquisition jacks up AT&T revenue 18.9%

    Q3-2015: DirecTV acquisition jacks up AT&T revenue 18.9%

    BENGALURU: The claimant to the world’s largest Pay TV service provider title in terms of subscriber’s, AT&T reported 26000 net domestic video subscriber adds to its recently acquired company DirecTV in the quarter ended 30 September, 2015 (Q3-2105, current quarter). However, the company lost 92000 of its Uverse (Fiber Optic) Pay TV subscribers in the US and 178,000 video subscribers in total including from its International segment.

     

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

    Subscription numbers have been mentioned in lakhs and revenue and other financial numbers in millions of US dollars.

     

    Four segments add to AT&T’s numbers – Business Solutions; Entertainment and Internet Services (EIS); AT&T Mobility; and International. In this report, numbers of two have been considered – EIS and International since they relate to video and wireless broadband.

     

    AT&T’s GAAP revenue in the current quarter increased 18.1 per cent to $39,091 million as compared to the $33,105 million in the immediate trailing quarter. The company reported a 4.3 per cent decline in GAAP net income attributable to AT&T of $2994 million as compared to the $3,130 million in Q3-2015. The company says that revenue growth in the current quarter was driven by the DirecTV acquisition, which added sales and created cost synergies.

     

    At the time of the DirecTV acquisition, AT&T said that it had about 26 million video customers in the United States and more than 19.1 million customers in Latin America, including Mexico and the Caribbean, including DirecTV subscribers. As on 30 September, 2015, AT&T has reported 379.94 lakh video subscribers, of which 195.7 lakh are DirecTV connections and 58.54 lakh are Uverse connections in the US.

     

    “We now have integrated solutions that are unlike any competitor in the market. With our national wireless and video capabilities, as well as our extensive broadband network, we now have assets that make us a unique competitor and the first scaled, fully-integrated US service provider,” said AT&T chairman and CEO Randall Stephenson.

     

    “We turned in outstanding financial results in the quarter. Our early integration efforts with DirecTV are going very well and we’ve just begun to scratch the surface on the video, wireless and broadband cross-selling opportunities,” Stephenson added.

     

    AT&T’s EIS segment had 526.37 lakh revenue connections as on 30 September, 2015 including 128.91 lakh legacy voice wireline connections besides video and broadband internet connections.

     

    As a consequence of the DirecTV acquisition on 24 July, 2015 and subsequent restructuring of segments, GAAP operating video revenue of the Entertainment and Internet services segment in the current quarter multiplied to $7162 million as compared to the $1719 million in the corresponding year ago quarter. Besides, the company’s International segment also reported Video revenue of $945 million in the current quarter.

     

    AT&T’s EIS segment reported GAAP operating revenue of $10858 million in the current quarter as compared to the $5553 million in Q3-2014 because of the DirectTV acquisition and restructuring. The segment has reported a GAAP operating profit of $1021 million as compared to a loss of $337 million in Q3-2014 and a loss of $208 million in the immediate trailing quarter.

     

    AT&T’s Entertainment and Internet Services (EIS) segment had 143.22 lakh broadband internet subscribers (121.85 lakh IP and 21.37 lakh DSL) as 30 September, 2015 as compared to 144.65 lakh (110.1 lakh IP and 34.53 lakh DSL) in the corresponding year ago quarter. The segment reported GAAP revenue of $1685 million from broadband internet services in the current quarter as compared to the $1414 million in Q3-2014.

     

    Legacy voice and data services reported GAAP revenue of $1419 million in the current quarter as compared to the $1834 million in Q3-2014 and $1516 million in the immediate trailing quarter.

     

    The company’s International segment reported GAAP revenue of $1526 million in the current quarter and an operating loss of $87 million. Figures for the corresponding year ago quarter have not been mentioned.

  • Two Indians feature in Asia Pacific Screen awards

    Two Indians feature in Asia Pacific Screen awards

    NEW DELHI: Indians have has managed to get nominated for only two awards, one of which is a collaborative film with other countries, in the Asia Pacific Screen Awards. 

     

    A total of 39 nominations have been announced from 22 countries for the Asia Pacific Screen Awards to be presented in Brisbane, Australia on 26 November.

     

    The film Blinky Bill The Movie directed by Deane Taylor, which is a collaboration between Australia, India, and Ireland heads the best animation films list. The Indian contribution is by way of Nilesh Pillai being the digital compositor.

     

    Jean-Marc Ferri?re has been nominated for best cinematography for Sunrise (Arunoday) by Partho Sen Gupta.

     

    Kim Dong-ho, co-founder and former chairman of the Busan Film Festival, headed the jury with director Mostofa Sarwar Farooki (Television), Chinese academic Zhang Xianmin, Malaysian filmmaker U-Wei Bin Hajisaari, Russian writer-director Alexei Popogrebsky and Iranian actress Negar Javaherian.

     

    Hou Hsiao-Hsien’s festival hit The Assassin, which won him best director at Cannes this year, has been nominated for three prizes at the Awards. The film will compete for best feature, achievement in directing for Hou Hsiao-Hsien and achievement in cinematography for Mark Lee Ping-Bing.

     

    Other nominees in the best feature category include multi-territory co-production Cementery Of Splendour, Korean feature End Of Winter and Japanese/French drama Journey To The Shore.