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Tag: AETN18

  • Network18’s Green Bharat conclave to chart India’s road to green

    Network18’s Green Bharat conclave to chart India’s road to green

    MUMBAI: As the world races toward a greener future, electric vehicles (EVs) are taking centre stage in the quest for sustainable mobility. In this spirit of innovation and commitment to environmental responsibility, Network18 is set to launch Green Bharat, an annual conclave scheduled for 13 December 2024 in New Delhi. This initiative in collaboration with Ola Electric, aims to ignite a nationwide conversation about the transformative power of EVs, spotlighting their economic, environmental, and social benefits while addressing the challenges that stand in the way of widespread adoption.

    Green Bharat has been launched in collaboration with Ola Electric, a leading pure-play electric vehicle (EV) company to chart the Road to Green. This is designed to be an ongoing, multi-platform conversation spanning television, digital platforms, print, and on-ground activation. This integrated approach ensures a holistic coverage of India’s vast EV landscape, fostering collaboration and innovation at every level of the ecosystem.

    The maiden edition of Green Bharat will bring together influential policymakers, industry pioneers, and sustainability advocates to discuss the future of electric mobility in India. The event will feature distinguished guests, including Nitin Gadkari, union minister of road transport and highways, and Piyush Goyal, minister of commerce and industry, who will attend as guests of honour. Their participation will underscore the growing importance of EV adoption in the context of India’s broader sustainability goals and the pivotal role of government policies in driving this transition.

    The prime minister, Narendra Modi, has emphasised the pivotal role of the EV revolution, stating that the silent revolution of electric vehicles is reshaping India’s mobility landscape, marking a significant step towards sustainability and innovation. This transition reflects India’s commitment to addressing climate change and promoting green growth. With sustained investments in EV infrastructure, local manufacturing incentives, and technological innovation, India is all set to become a global hub for electric mobility.

    AETN18 chief executive officer Network18 (broadcast) & managing director Avinash Kaul stated, “The global automotive industry is undergoing a transformative shift towards electrification, reshaping economies worldwide. India’s transition to electric vehicles is not only an environmental milestone but also a significant driver of economic growth. Green Bharat is bringing the EV community together and highlighting the dynamic potential of this emerging sector. We are thrilled to partner with Ola Electric, a brand that has been a leader in driving EV adoption in India, and we share their passion for a sustainable, electrified future.”

    Green Bharat aims to be a transformative platform for driving meaningful discussions and fostering collaborative efforts to address the challenges within India’s electric vehicle ecosystem. By focusing on innovation, policy advocacy, and actionable solutions, the initiative will play a pivotal role in accelerating the adoption of EVs across the country. The conclave will facilitate an in-depth analysis of India’s current EV landscape, identifying key challenges and opportunities, while setting a clear roadmap for positioning India as a global EV hub. Through these efforts, Green Bharat aims to pave the way for a greener, more sustainable future for the nation, embarking on the Road to Green and inspiring collective action towards environmental responsibility.

  • TV18 Broadcast reports Rs 115 crore Q2 net profit

    TV18 Broadcast reports Rs 115 crore Q2 net profit

    NEW DELHI: TV18 Broadcast Ltd has reported a net profit of Rs 115 crores for the quarter ended 30 September 2020, up from Rs 46 crore in the same quarter in the previous year.

    The consolidated operating revenue for Q2 21 fell 10 per cent y-o-y and stood at Rs 1,013 crore against Rs 1,127 crore for the same period in Q2 20.

    However, the consolidated operating EBIDTA grew by 56 per cent y-o-y to Rs 164 crore in Q2 21 against Rs 105 crore for the same period last year. Step-jump in EBITDA margins for both news and entertainment to healthy levels and H1 operating margins highest in four years despite Covid2019 drag; continue to improve y-o-y.

    Ad-revenues have rebounded as economic activity resumed with the lifting of lockdowns. News business’ advertising has fully recovered, as viewership has settled at a higher level and entertainment recovery near-complete. However, the year-on-year revenue reduced to single-digits now.

    Subscription revenues showed resilience and domestic subscription revenue has continued to rise. TV connections in commercial establishments and some low-end connections saw a temporary dip due to the pandemic; but multi-TV home connections have picked up. Distribution tie-ups across TV and digital continued to expand but international subscription witnessed pandemic-related stress.

    Cost controls have been implemented since last financial year and were accelerated during the pandemic. Broad-based cost controls have been implemented across business lines, including renegotiation of contracts and reining-in all discretionary expenses. Working capital optimisation, a tight leash on debt, and softer interest rates has resulted in major savings in finance costs, boosting profitability.

    Media consumption has settled at a higher plane in the face of receding Covid2019 impact. TV viewership had spiked to 1.5x of its usual levels at the beginning of lockdown, but has now settled at 1.1x as the economy gets unlocked. Digital media engagement too has received a smart fillip, across both news and entertainment. News genre has reverted to contributing eight per cent of TV viewership, vs 15 per cent during lockdown. Pay-TV has clawed back its share from free-to-air channels, as entertainment programming is back in full-swing.

    TV18 chairman Adil Zainulbhai said, “TV18’s broadcasting businesses have recovered from the impact of the COVID-19 pandemic to a very large degree. Our proactive measures on cost-control have resulted in much-improved profitability across both news and entertainment, despite certain market segments still suffering from pressures due to the Coronavirus. We have ensured business continuity through rejigging processes, innovatively revived alternative revenue streams, and focusing on aligning content distribution strategy with market opportunity. As we head into the festive season, the underlying trends on both viewership and monetization are supportive.”

    News bouquet (20 channels) was #1 by reach and had 8.7 per cent news viewership market-share.

    Entertainment bouquet (Viacom18’s 34 channels + AETN18’s 2 infotainment channels) share of TV entertainment rose to 10.7 per cent from a low of 9.1 per cent in Q1. By and large, entertainment viewership has improved sharply, led by ramp-up of original content production and telecast which had been shuttered during lockdown. Ad monetization is fast catching-up, with increased volumes of advertising ahead of the festive season leading to improving yields as well. Hindi general entertainment has fully revived as national advertising has ramped-up, while regional entertainment is following with a lag.  

    In the digital segment, Voot witnessed a significant improvement in MAUs as fresh content resumed. It enjoys the most loyal audience amongst broadcaster-OTTs, with average daily time spent per viewer of 52 minutes. The scale-up of the advertising-led section is driving a reduction in gestation losses.

  • TV18 Q1 2016-17: New investments lead to losses

    TV18 Q1 2016-17: New investments lead to losses

    MUMBAI: When you invest in new launches, relaunches, on talent and digital products without additional cash being pumped in, it obviously is going to hurt your bottom-line.

    That’s exactly what’s happened to TV18 Broadcast, which has reported a consolidated segment revenue (including proportionate share of joint ventures considered for segment reports) of Rs 606.7 crore in Q1 to June 2016 as compared to Rs 596.7 core in the year ago period. But it has turned out a loss of Rs 14.1 crore as against a profit of Rs 8.6 crore in the same period last year.

    Rebranding and relaunching of CNN-IBN as CNN-News18 cost the company Rs 3.5 crore. Three new news channels – News18 Kerala, News18 Tamil, News18 Assam/NE were flagged off in April 2016 and contributed Rs 13.9 crore to its operating losses. Rishtey CinePlex and over the top service Voot, which were launched in May 2016, and HD channels in Marathi, Kannada and Bangla that made a debut under Viacom18 in the quarter helped add to the aggregate operating losses to the tune of Rs 29.2 crore. Finally, factual entertainment channel FYI from the AETN18 stable launched 10 days ago reported a loss of Rs 5.4 crore which has been included in the April-June quarter.

    The company says that the segment loss before tax and before interest including performance of the joint ventures stands at Rs 19.1 crore. If one were to exclude the impact of these new initiatives , the segment profit for the business is at Rs 32.9 crore.

    TV18 has also moved to the Indian accounting standards (Ind-AS) from 1 April 2016 and it has restated its comparative results. Under this, its joint ventures Viacom18, Indiacast, and IBN Lokmat have been accounted under the equity method, the company says.

    Additionally, the company had included the financials of Prism TV Private Ltd as a subsidiary in the previous corresponding quarter but which have now been reported as a joint venture from August 2015 when it ceased to be an offshoot.

    Under Ind-AS (accounting for JVs under equity method), TV18’s consolidated revenue stands at Rs 210.7 crore in Q1 2016-2017 as against Rs 273.1 crore in the previous corresponding quarter.

    The company states that if one were to consider the operations of TV18 on a like for like basis, after factoring the change in status of Prism TV from a subsidiary to a joint venture, the growth in revenue is 18 per cent even as the operating loss is down to Rs 19 crore from Rs 22.2 crore in Q1 June 2015.

    TV18 chairman Adil Zainulbhai states in the earnings release that it is bullish about the media business – both linear and digital – and is investing heavily in it to position it for leadership. “…to be ahead of the curve…The results of these investments are starting to bear fruit and will help in healthy revenue growth and profits in the near future,” he says.

    The stock market seems to have taken the financial results and statements with a pinch of salt during trading hours. The TV18 stock shed some 13.5 per cent and closed at Rs 40.70 when trading ended.

  • TV18 Q1 2016-17: New investments lead to losses

    TV18 Q1 2016-17: New investments lead to losses

    MUMBAI: When you invest in new launches, relaunches, on talent and digital products without additional cash being pumped in, it obviously is going to hurt your bottom-line.

    That’s exactly what’s happened to TV18 Broadcast, which has reported a consolidated segment revenue (including proportionate share of joint ventures considered for segment reports) of Rs 606.7 crore in Q1 to June 2016 as compared to Rs 596.7 core in the year ago period. But it has turned out a loss of Rs 14.1 crore as against a profit of Rs 8.6 crore in the same period last year.

    Rebranding and relaunching of CNN-IBN as CNN-News18 cost the company Rs 3.5 crore. Three new news channels – News18 Kerala, News18 Tamil, News18 Assam/NE were flagged off in April 2016 and contributed Rs 13.9 crore to its operating losses. Rishtey CinePlex and over the top service Voot, which were launched in May 2016, and HD channels in Marathi, Kannada and Bangla that made a debut under Viacom18 in the quarter helped add to the aggregate operating losses to the tune of Rs 29.2 crore. Finally, factual entertainment channel FYI from the AETN18 stable launched 10 days ago reported a loss of Rs 5.4 crore which has been included in the April-June quarter.

    The company says that the segment loss before tax and before interest including performance of the joint ventures stands at Rs 19.1 crore. If one were to exclude the impact of these new initiatives , the segment profit for the business is at Rs 32.9 crore.

    TV18 has also moved to the Indian accounting standards (Ind-AS) from 1 April 2016 and it has restated its comparative results. Under this, its joint ventures Viacom18, Indiacast, and IBN Lokmat have been accounted under the equity method, the company says.

    Additionally, the company had included the financials of Prism TV Private Ltd as a subsidiary in the previous corresponding quarter but which have now been reported as a joint venture from August 2015 when it ceased to be an offshoot.

    Under Ind-AS (accounting for JVs under equity method), TV18’s consolidated revenue stands at Rs 210.7 crore in Q1 2016-2017 as against Rs 273.1 crore in the previous corresponding quarter.

    The company states that if one were to consider the operations of TV18 on a like for like basis, after factoring the change in status of Prism TV from a subsidiary to a joint venture, the growth in revenue is 18 per cent even as the operating loss is down to Rs 19 crore from Rs 22.2 crore in Q1 June 2015.

    TV18 chairman Adil Zainulbhai states in the earnings release that it is bullish about the media business – both linear and digital – and is investing heavily in it to position it for leadership. “…to be ahead of the curve…The results of these investments are starting to bear fruit and will help in healthy revenue growth and profits in the near future,” he says.

    The stock market seems to have taken the financial results and statements with a pinch of salt during trading hours. The TV18 stock shed some 13.5 per cent and closed at Rs 40.70 when trading ended.

  • AETN18 to launch FYI TV18 in India

    AETN18 to launch FYI TV18 in India

    Bali: A+E Networks announced today at APOS 2016 in Bali that it is launching its channel FYI in India in partnership with the Reliance owned TV18 Broadcast. This will be the second channel to be launched under the two companies’ joint venture A+E Network TV18.  The first HistoryTV18 has been operational for the past four plus years in India.

    FYI, according to its website, embraces an adventurous, personalized and non-prescriptive approach to peoples’ taste, space, look, story and more. FYI covers a range of stories and experiences that reflect how people actually live their lives today, not defined by just one passion or interest.

    The announcement was made by A+E Networks EVP & CFO David Granville-Smith. He stated that there will be close to 100 hours of original locally produced factual series  on FYITV18 when it launches.

    AETN18 is headed by president  Avinash Kaul.  Kaul says, “After the successful localisation strategy of HistoryTV18, we will be following it up with the launch localisation strategy of FYITV18. The biggest names in television in India will be associated with the new channel.”

  • AETN18 to launch FYI TV18 in India

    AETN18 to launch FYI TV18 in India

    Bali: A+E Networks announced today at APOS 2016 in Bali that it is launching its channel FYI in India in partnership with the Reliance owned TV18 Broadcast. This will be the second channel to be launched under the two companies’ joint venture A+E Network TV18.  The first HistoryTV18 has been operational for the past four plus years in India.

    FYI, according to its website, embraces an adventurous, personalized and non-prescriptive approach to peoples’ taste, space, look, story and more. FYI covers a range of stories and experiences that reflect how people actually live their lives today, not defined by just one passion or interest.

    The announcement was made by A+E Networks EVP & CFO David Granville-Smith. He stated that there will be close to 100 hours of original locally produced factual series  on FYITV18 when it launches.

    AETN18 is headed by president  Avinash Kaul.  Kaul says, “After the successful localisation strategy of HistoryTV18, we will be following it up with the launch localisation strategy of FYITV18. The biggest names in television in India will be associated with the new channel.”

  • TV 18’s national news ops break even in Q3

    TV 18’s national news ops break even in Q3

    MUMBAI: The national news business of TV18 Broadcast has attained break-even status while losses continue to kick in from regional news operations.

    TV18‘s general news operations on a combined level, however, posted an operating loss of Rs 16 million for the fiscal third quarter, reversing from a profit of Rs 71 million in the earlier year. The loss in the second quarter of this fiscal was lower at Rs 7 million.

    Operating profit from the business news segment has narrowed to Rs 108 million for the three months ended December 2011, from Rs 225 million a year ago.

    TV18‘s operating loss from combined news operations was Rs 162 million, reversing from a profit of Rs 296 million in the earlier-year quarter. Revenue grew to Rs 1.67 billion compared to Rs 1.53 billion a year ago.

    In the general news segment, revenue rose to Rs 773 million, from Rs 744 million in the third quarter of the previous fiscal. For business news, revenue stood at Rs 876 million, up 11 per cent.

    Revenue from infotainment channel History 18, which was launched in the third quarter of this fiscal, stood flat at Rs 22 million. The channel posted a loss of Rs 253 million.

    Digital business continued to be in the red with the loss widening almost 51 per cent to Rs 322 million. Revenue rose 10 per cent to Rs 584 million.

    Web18 recorded revenues of Rs 263 million, a growth of 21 per cent over the corresponding quarter last year on a proforma basis. Newswire18 delivered revenues of Rs 108 million for the quarter, and HomeShop18 Rs 213 million, a growth of 28 per cent over the corresponding quarter last year.

    On a consolidated basis, TV18 Broadcast posted a net loss of Rs 535 million for the fiscal third quarter , mainly due to new channel launches.

    The company‘s consolidated net profit in the same quarter of the earlier year stood at Rs 198 million.

    Revenue increased to Rs 3.43 billion, up from Rs 2.36 billion a year ago.

    TV18‘s consolidated numbers include 100 per cent standalone and AETN18, 50 per cent share of Viacom18 and 50 per cent share of IBN Lokmat.

    The company‘s shares closed at Rs 31.30, down 2.03 per cent on the BSE.

  • AETN18 ropes in Salman Khan for History channel

    AETN18 ropes in Salman Khan for History channel

    MUMBAI: AETN-18, a joint venture between A+E Networks and TV18, has associated with actor Salman Khan for its upcoming factual entertainment channel, History.

    In a first and yet-to-be-revealed format of association, Hustory brings on board an actor and star whose popularity cuts across all age groups and gender, and who will play a pivotal role in helping change the perception of History in India.
     
    A+E NetworksITV18 JV president Ajay Chacko said,”Salman symbolizes the brand personality of History perfectly. He is stylish, trendy, versatile, fun and his all encompassing popularity makes him the perfect fit for our brand. History has always been associated with the past, but with the new History channel, we hope to change people‘s perception of HISTORY. The channel today is contemporary; it is about action & adventure. It is about people making history every day. And through this unique and exciting partnership with Salman Khan, we hope to make this genre as popular in India as it is around the world.”
     
    Khan said,”The Indian TV audience today has evolved. They are very demanding and look for a mix of differentiated programmes for their daily dose of entertainment. HISTORY channel, with its unexpected take on the subject, is sure to whet the audience’s appetite for more of its kind. I was bowled over by their content, it’s nothing like I expected it to be!”

  • Anil Uniyal is CNBC-TV18 and Awaaz CEO

    Anil Uniyal is CNBC-TV18 and Awaaz CEO

     NEW DELHI: Network18 will have a chief executive officer for its two business news channels, CNBC-TV18 and CNBC Awaaz, as it prepares for its next phase of growth in a marketplace that is crowded with new entrants.

    The company has elevated Anil Uniyal to the newly created post. He will be responsible for the strategic, financial and operational management of the channels and will report into Network18 Group COO B Saikumar.  
         
      Earlier, as Network18 Media COO and TV18 Media Operation business head, Uniyal was leading the commercial arm of the Group, with responsibilities for driving the topline for the CNBC channels and Forbes India.

    As part of the restructuring, the company recently moved Ajay Chacko, who was playing a critical role in looking after CNBC-TV18, CNBC Awaaz and Forbes India, to its new joint venture company AETN18 as its president.

    On Uniyal’s promotion, Saikumar said, “Anil has been one of the key executives involved in the growth of Network18‘s business news channels – CNBC-TV18 and CNBC Awaaz since their respective launches. He is now expected to steer the channels into a whole new phase of leadership and profitability and I am sure that he will be equal to this challenge.”

    Added Uniyal, “I believe that, as in the last decade, CNBC-TV18 and CNBC Awaaz will lead a new phase of innovation and growth in the business news space and I look forward to working with the channel editorial and business teams to further strengthen our market “

    Uniyal has over a decade of experience in sales and strategy and has been with Network18 since 2001. He has played a leadership role in building different revenue verticals for Network18 – from inventory sales to setting up the customised solutions business for the CNBC channels and other business brands in the Group.

    He began his career as an entrepreneur, running a media services and consulting enterprise.