I&B Ministry
FM Radio revenues witness seasonal slump in Q4-16, Q1-17
BENGALURU: Generally the Indian private FM industry witnesses a quarter-over-quarter (q-o-q) advertisement (ad) revenue slump in the first quarter of every year (Q1, quarter ended 30 June), which may sometimes carry over to the second quarter (Q2, quarter ended 30 September) of the fiscal. Since fiscal 2014, the industry has also seen fourth quarter (Q4, quarter ended 31 March) revenue slumps. Continuing the trend, private FM in India has seen a drop in revenue for quarters ended 31 March 2016 (Q4-16) and 30 June 2016 (Q1-17). As mentioned above trend was noticed Q4-14 and Q1-15 onwards, when the country held general elections and political parties used this so very local medium to garner votes.
As per data released by the Telecom Regulatory Authority of India (TRAI), for Q1-17, 244 radio stations had consolidated ad revenues of Rs 468.08 crore, down 9.81 percent q-o-q as compared to the Rs 514.75 crore reported by 242 stations in Q4-16. The last quarter of the previous fiscal also saw ad revenue decline of 4.35 percent from Rs 533.70 crore reported for its immediate quarter that ended on 31 December 2015 (Q3-15).
Please refer to Figure A below for FM Radio Ad Revenue over a five year plus period spanning a 21 quarter period starting with the quarter ended 30 June 2011 (Q1-12) until the quarter ended 30 September 2016 (Q1-17) as per TRAI data. The amounts are in Rs crore and rounded off to the nearest decimal place.

As is obvious from the red dots on the chartabove, Q1-12, Q1-13, Q1-14, Q1-15, Q1-16 and Q1-17 have all seen q-o-q revenue drops, as have Q4-14, Q4-15 and as mentioned above- Q4-16.
Figure B below shows the q-o-q and year-over-year FM Radio Ad revenue trends. Generally y-o-y, revenues have been higher across all quarters in the period under consideration in this report, except for Q3-12 that saw a y-o-y ad revenue decline. For Q3-11, TRAI Indicator Reports mentioned ad revenue of Rs 284.88 crore from 227 radio stations or an average revenue of Rs 1.25 crore per station, as compared to ad revenue per station of Rs 1.20 crore for Q3-12.

Conclusion
Overall, despite the year-end andnew fiscal drops, ad revenues as well as ad revenues per station show a linear increasing trend as more and more advertisers have begun to understand the value proposition this very local medium with a pan-India footprint can offer. Further, the third quarter of the fiscal (Q3, quarter ended 31 December) is also the festival quarter of the year in India – a sweet quarter as far as the radio industry is concerned. The industry should see revenues rising in Q3-17.
A few of the companies such as JagranPrakashan that has large networks like Radio City and Entertainment Network India Limited (ENIL) which has the Radio Mirchi network in the country have already started operations of the new stations that they obtained in the FM Phase 3 auctions. The revenue of the new stations acquired in phase 3 auctions by other players such as Reliance Broadcast Network Limited (RBNL, Big FM) and HT Media Limited (Hindustan Times fame, Fever FM) if/once they start operations this fiscal, the radio industry should report substantial revenue increases. Profitability may take a hit initially, but over time that too is bound to change for the better.
Results for the quarter ended 30 September 2016 of companies whose financials are within the public domain can at the most be termed a mixed bag. While ENIL has reported a growth in revenue, its profit after tax – both on a y-o-y and a q-o-q basis have been hit with a70.3 percent y-o-y decline and a51.7 percent q-o-q decline.
ENIL won 17 stations in Phase 3 auctions and has launched 4 new stations in Q2-17 – at Chandigarh, Ahmedabad, Surat and Jaipur. Earlier the company had launched Bengaluru, Guwahati, Hyderabad and Kochi stations. Bengaluru wasRadio Mirchi’s first launch in the second frequencies network.
However, ENIL managing director and CEO Prashant Panday is upbeat. In ENIL’s Q2-17 results press release he said, “We have stepped up marketing spends and early research indicates that we have made a strong start and in fact have become leaders in key markets. I am confident this will translate into a stronger business in the years ahead!”
Note:The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR).The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
(b) 10,000 lakh = 100 crore = 1 arab = 1 billion.
I&B Ministry
I&B’s 2025 report card: Lights, camera, action — and Rs 4,334 crore
NEW DELHI: If 2025 was India’s year to make waves, the ministry of information and broadcasting (I&B) was its chief surfboard maker. Prime minister Narendra Modi’s call to “create in India, create for the world” wasn’t just ministerial hot air—it triggered a tsunami of creative dealmaking that swept from Melbourne to Madrid, generating Rs 4,334 crores in potential business discussions and putting Indian creators on every continent’s radar.
The centrepiece was Waves 2025, the World Audio Visual and Entertainment Summit, which drew over 90 countries, 10,000 delegates, and roughly 1 lakh punters through its doors. Modi himself dropped by to glad-hand young creators, describing the event as a “wave of culture, creativity and universal connectivity”—and for once, the hyperbole wasn’t entirely unwarranted.
The summit’s CreatoSphere platform, which sounds like something from a sci-fi novel but is actually a hub for film, VFX, animation, gaming, and digital media, launched the Create in India Challenges. Season one attracted over 1 lakh entries from more than 60 countries across 33 categories. Winners weren’t just handed certificates and sent packing—they performed at Melbourne, exhibited at Tokyo Game Show, and pitched at Toronto International Film Festival. I&B minister Ashwini Vaishnav handed out gongs to 150 creators, cementing the government’s commitment to nurturing what it calls the “creative economy.”
WaveX, the startup arm, proved equally industrious. It coaxed over 200 startups into its embrace, enabled 30 to pitch to Microsoft, Amazon, and Lumikai, and somehow got two of its charges—VYGR News and VIVA Technologies—onto Shark Tank India, where they presumably dodged the usual mauling. The initiative’s KalaaSetu and BhashaSetu challenges, focused on AI-driven video generation and real-time translation respectively, attracted over 100 startups and picked ten for collaboration with government media units.
Waves Bazaar, the “craft-to-commerce” global e-marketplace, went on a roadshow between August and December, hitting 12 international events across four continents and four domestic jamborees. The numbers are eye-watering: over 9,000 B2B meetings, 10 memoranda of understanding signed, three more proposed, and the launch of creative corridors with Japan, Korea, and Australia. The ministry claims Rs 4,334 crores in potential deals—potential being the operative word, though in India’s booming content market, optimism often precedes reality by only a few quarters.
On the bricks-and-mortar front, the Indian Institute of Creative Technology opened its temporary Mumbai campus in July with Rs 391.15 crores in budgetary support. The public-private partnership with Ficci and CII has enrolled over 100 students across 18 courses, incubated eight startups, and signed memoranda with Google, Meta, Nvidia, Microsoft, Apple, Adobe, and WPP—a who’s who of tech giants keen to tap India’s creative reserves. A permanent 10 acre campus at Film City, Goregaon, complete with an immersive AR/VR/XR studio, is in the works.
Elsewhere, the ministry set up a Live Events Development Cell to position India’s concert economy as a growth driver. A single-window clearance system is being built on the India Cine Hub platform to expedite permissions for fire, traffic, and municipal approvals—addressing the red-tape nightmares that have long plagued event organisers. Meanwhile, an inter-ministerial committee is tackling digital piracy, that perennial thorn in the creative economy’s side.
State broadcaster Doordarshan snagged the Election Commission’s media award for voter awareness during the 2024 Lok Sabha elections, presented by the president on National Voters’ Day. Community radio added 22 new stations, bringing the total to 551, with workshops and a national sammelan held during Waves to strengthen local broadcasting.
The 56th International Film Festival of India in Goa screened over 240 films from 81 countries, threw in the country’s first AI Film Festival, and staged a grand parade through Panaji that turned the event into a street-level celebration. The accompanying Waves Film Bazaar drew over 2,500 delegates from 40-plus countries and showcased 320 projects—making it one of South Asia’s largest film markets.
The Central Board of Film Certification modernised too, launching a multilingual certification module that allows multiple language versions under a single application, and mandating 50 per cent women’s participation on examining and revising committees. Digital signatures replaced wet ink, and certificates became downloadable—small victories in the fight against bureaucratic inertia.
India’s I&B ministry ended 2025 having turned content creation into something resembling an industrial policy. Whether Rs 4,334 crores in “potential” business materialises remains to be seen, but the ministry has built the infrastructure, corralled the startups, and put Indian creators on international stages. As Modi might say, the wave has been ridden. Now comes the hard part: keeping the momentum going when the cameras stop rolling.
I&B Ministry
Centre drafts OTT rules to boost access for hearing disabled
MUMBAI: The Centre has inched closer to making India’s streaming universe easier to watch, hear and enjoy for everyone. The Ministry of Information and Broadcasting has released draft guidelines that aim to standardise accessibility on OTT platforms, ensuring that viewers with hearing and visual impairments are no longer left out of the country’s digital entertainment boom.
Issued on 7 October and now open for public consultation, the draft rules arrive with constitutional and global backing. Minister of State for Information and Broadcasting L. Murugan told the Rajya Sabha that the framework draws from Article 14, the UN Convention on the Rights of Persons with Disabilities and the Rights of Persons with Disabilities Act, 2016. It also mirrors the Code of Ethics under the IT Rules, 2021.
At the heart of the proposal is a two-phase rollout of mandatory accessibility tools such as same-language closed captions and audio descriptions. The ministry said penalties and enforcement steps will be shaped after the consultation, but compliance will be tracked through progressive targets for OTT content libraries.
Parliament was also reminded that the broadcast sector has walked this path before. In 2019, the government notified accessibility standards for television programming, starting with Prasar Bharati and eventually extending them to private broadcasters.
With OTT viewership climbing across urban and small-town India, the draft rules attempt to bring streaming giants in step with a wider vision of inclusive media. The government hopes the move will help millions of Indians with disabilities press play without barriers.
I&B Ministry
News broadcasters push back as MIB’s landing page proposal may create turbulence
MUMBAI: India’s broadcast heavyweights have mounted a firm resistance to the Ministry of Information and Broadcasting’s proposed rule change on landing pages, arguing that the plan is legally shaky, technically confused and commercially stacked against the industry.
News18, NDTV, Times Now and other major networks have told the Ministry that the amendment deserves to be scrapped altogether. Their submissions note that the proposal attempts to revive a measurement method that the Telecom Regulatory Authority of India had already studied and rejected in 2018 for being unreliable. With the issue currently before the Supreme Court, broadcasters say any fresh intervention now breaches basic principles of administrative fairness.
At the heart of the dispute lies the belief that landing page viewership is somehow suspicious. Broadcasters counter this view, insisting that landing pages act as legitimate promotional real estate, no different from a newspaper jacket or a supermarket’s prime shelf. When a TV set turns on and a viewer decides either to stay or switch away, they argue that this choice represents genuine viewing behaviour, not inflated numbers.
Removing first impressions, they warn, would wipe out real audience actions and twist the ratings picture. TRAI had raised the same concern in 2018, concluding that genuine impressions would be wrongly filtered out.
Industry bodies have added their voice to the chorus. The All India Digital Cable Federation has urged the Ministry to leave current practice intact, while several regional and smaller broadcasters have filed similar objections. The opposition, they say, stretches far beyond a few big brands.
With the sector unified in its stance, broadcasters have urged the Ministry to withdraw the proposal and preserve the current ratings framework. Only then, they argue, can India’s TV market retain a fair contest, clear metrics and a true reflection of what viewers actually choose to watch.
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