Tag: BAG Films

  • BAG Films launches News24 Madhya Pradesh and Chhattisgarh

    BAG Films launches News24 Madhya Pradesh and Chhattisgarh

    New Delhi: BAG Films and Media Ltd has further strengthened its presence in the Hindi heartland with the launch of its regional news channel – News24 Madhya Pradesh and Chhattisgarh (MPCG).

    The channel is available to all DTH platforms, major MSOs and local cable operators from Tuesday onwards.

    Madhya Pradesh and Chhattisgarh is one of the key news markets with a population of 110 million. With the news consumption continuously growing, people too are keen to watch more local news content apart from national developments, said the company in its statement.

    The network recently forayed into many digital regional channels which has shown the trends of viewers inclined to the news content on the lines of "Nishpaksh Khabrein".

    BAG Films and Media chairperson Anuradha Prasad said, "Common man's local issues have been always centre point of our news shows that we do at News24. Whether it's through our popular TV debates or comprehensive Elections coverage."

    Speaking about the new additions, she said, "More and more viewers are watching news genre due to the current situation of the county and the TV News viewership will only go up. A lot of our advertisers and brands are also focusing on regional market to increase their penetrations deeply."

    News24 MPCG intends to focus on the local issues and will highlight the developments of local people and their contributions towards the nations.

    With News24 MPCG, the network is strengthening its channel portfolio in the news genre which will add value to the business associates plans and giving them an opportunity to engage more deeply with their consumers with local essence, she added.

  • Q3 2019: BAG Films Television and Radio Dhaamal profits up

    Q3 2019: BAG Films Television and Radio Dhaamal profits up

    BENGALURU: The Anurradha Prasad-led BAG Films and Media Ltd (BAG Films) reported 38.1 per cent higher year-on-year (y-o-y) consolidated revenue for the quarter ended 31 December 2018 (Q3- 019, period or quarter, under review) at Rs 48.67 crore as compared to Rs 33.94 crore in the corresponding prior year quarter.

    BAG Films radio segment, Radio Dhamaal, which operates 10 FM radio stations in the country, reported 17.2 per cent y-o-y increase in operating revenue at Rs 3.06 crore for Q3 2019 as compared to Rs 2.61 crore for Q3 2018.

    The radio segment’s operating profit in Q3 2019 was more than double (up 131.7 per cent) y-o-y at Rs 1.64 crore as compared to Rs 0.71 crore in Q3 2018.

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

    (2) All numbers are consolidated numbers unless stated otherwise.

    BAG Films reported more than eightfold increase (up 743.9 percent) in consolidated Profit after Tax (PAT) and Total Comprehensive Income (TCI) for the quarter under review at Rs 9.3 crore as compared to a loss of Rs 1.11 crore in Q3-2018.

    EBITDA in the period under review at Rs 15.75 crore (33.6 per cent margin of operating revenue) increased 85.4 percent y-o-y as compared to Rs 8.49 crore (25 per cent margin of operating revenue) in the corresponding prior year quarter.

    Segment Numbers

    The company has mentioned 4 segments in its financial results. They are Audio-Visual Production (AVP); Leasing; FM Radio; and Television Broadcasting. FM Radio numbers have already been mentioned above.

    Television Broadcasting segment (TV segment)

    BAG Films major segment, Television Broadcasting (TV segment) reported almost flat revenues (0.6 percent y-o-y growth) for Q3 2019 at Rs 29.48 crore as compared to Rs 29.30 crore in Q3 2018.

    The TV segment reported 22.4 per cent y-o-y growth in operating profit at Rs 16.62 crore as compared to Rs 13.58 crore in Q3 2018.

    Audio Visual Production segment (AVP segment)

    AVP segment reported more than double (2.39 times) revenue in Q3-2019 at Rs 4.16 crore as compared to Rs 1.74 crore in Q3-2018. The segment reported an operating profit in Q3-2019 of Rs 2.35 crore as compared to a loss of Rs 0.20 crore in the corresponding quarter of the previous year.

    Leasing segment (The numbers for this segment are mentioned in lakh – 100 lakh = 1 crore)

    BAG Films leasing segment reported revenue of just Rs 16.30 lakh in the quarter as compared to Rs 29.01 lakh in Q3-2019.The segment reported an operating loss of Rs 74.70 lakh as compared to an operating loss of Rs 102.84 lakh in Q3-2018.

    Let us look at the other numbers reported by B. A. G.  Films

    BAG Films total expenditure in the current quarter at Rs 38.26 crore (81.6 per cent of operating revenue) was 14.9 per cent higher y-o-y than Rs 33.29 crore (98.1 percent of operating revenue) in Q3 2018.

    Employee Cost in Q3-2019 at Rs 6 crore (12.8 per cent of operating revenue) was 10 per cent lower  y-o-y than Rs 6.67 crore (19.7 percent of operating revenue) in the corresponding year ago quarter.

    Other expenses in Q3 2019 increased 25.4 percent y-o-y to Rs 24.49 crore from Rs 19.53 crore in Q3 2018. Finance costs in Q3 2019 increased 5.4 percent y-o-y to Rs 3.97 crore from Rs 3.76 crore in the corresponding prior year quarter.

  • Shruti Anindita Varma appointed BAG Films’ business & creative head

    NEW DELHI: Veteran creative expert Shruti Anindita Varma has joined BAG Films & Media Ltd as the new business and creative head and will be responsible to drive its creative excellence, in-sync with the ongoing transformation of Media and Entertainment industry in Indian market.

    In her capacity Varma will be leading the creative division of BAG Films and Media Ltd.

    Prior to this appointment she has been associated with successful production companies like Applause Entertainment, Endemol India, Miditech and Ideas Box among others.

    Varma said, “It gives me immense pride in taking up the new responsibility at a time when the Media and Entertainment industry is at an inflection point when digitization is poised at transforming entertainment business dynamics and audience engagement. I am truly excited and at the same time committed to formulate new and diverse ideas that will lead to fulfilling the business objectives.”

    BAG Films MD Anurradha Prasad said, “Shruti will add great value to the business given her background and experience which is diverse. In her capacity as Creative and Business head, she will be responsible for driving growth and transforming our business goals into profitability in the market. She started her career as an Intern at BAG & we are happy to have her back.”

  • Bloodbath on Dalal Street; media & entertainment see red with Balaji leading fall

    Bloodbath on Dalal Street; media & entertainment see red with Balaji leading fall

    MUMBAI: There was bloodbath on the bourses as the benchmark Bombay Stock Exchange (BSE) Sensex crashed below the 23,000-level to close at 22,951.83, down 807.07 points (3.45 per cent) on Thursday, 11 February, 2016.

    The Nifty also crashed 232.30 points or 3.21 per cent to close the day at 6,983.40.

    Amongst other sectors that bore the brunt of this melt down, was also the media and entertainment sector, which saw red. Bucking the trend was Videocon Industries, which closed the day up 0.05 per cent at Rs 107.90 as compared to its previous day close of Rs 107.85.

    Balaji Telefilms was amongst one of the biggest losers with the stock slumping 14.57 per cent to close the day at Rs 89.70 as compared to its previous day close of Rs 105.

    Eros International Media slumped 12.40 per cent to Rs 156.85, down Rs 22.20 from its previous close of Rs 179.05.

    DQ Entertainment (International) was down 10 per cent to close the day at Rs 23.85 as compared to its previous day’s close of Rs 26.50.

    B.A.G Films & Media was down 9.87 per cent at Rs 3.47. Also affected was the direct to home (DTH) company Dish TV India, which closed the day at Rs 72.45, down 8.75 per cent.

    TV Today Network was down 7.16 per cent to close the day at Rs 280.60 and touched an intra day low of Rs 277.10.

    Network18 Media & Investments as well as Shemaroo Entertainment were down 6.32 per cent. While Shemaroo closed the day at Rs 249.10, Network18’s stock price stood at Rs 41.50 at the end of day’s trade.

    With a drop of 6.16 per cent, Saregama India closed the day at Rs 251.20, whereas multi system operator (MSO) Hathway Cable & Datacom lost 5.39 per cent to close the day at Rs 35.10.

    Den Networks dipped 5.22 per cent to close at Rs 66.30 after touching an intra-day high of Rs 71. Meanwhile Zee Learn was down 5.08 per cent to close at Rs 32.70.

    The Maran-owned Sun TV Network was down 4.48 per cent with the stock closing at Rs 326.40.

    MSO Siti Cable Network at Rs 33.10 was down 4.20 per cent as compared to its previous close of Rs 34.55.

    After opening at Rs 195.80 and touching an intra-day high of Rs 196, the Orissa based MSO Ortel Communications was also in the red, down 2.76 per cent to close the day at Rs 180 as compared to its previous day close of Rs 185.10.

    PVR’s stock was down 2.68 per cent to close the day at Rs 709.75. The company’s shares touched an intra-day high of Rs 735.80 and an intra-day low of Rs 695.

    Zee Entertainment Enterprises Limited (ZEEL) was down 2.64 per cent. The stock closed at Rs 369.40 from its previous close of Rs 379.40.
    Jagran Prakashan was down 2.31 per cent to close at Rs 156.30, whereas Zee Media Corporation closed at Rs 17.75 and was down 2.20 per cent.

    Entertainment India Ltd (ENIL) was down 1.64 per cent to close at Rs 673.30, while HT Media’s shares were down 0.46 per cent to close at Rs 75.65. Tips Industries’ stock closed at Rs 61.95, down 0.24 per cent.
    NDTV India remained at its previous day’s close of Rs 102.20 witnessing no change. The stock, however, touched an intra-day low of Rs 99.10.
    Share prices of all the companies in the 15 stock Nifty Media Index fell today. The Index was down 3.75 per cent, a fall that was more than the 3.32 per cent drop by the NSE Nifty 50.

    The Nifty Media Index opened at the start of the trading day at 2261.35 points, which was the high for the day. The Media Index witnessed a low of 2161.50, with the last traded price of 2177.45. The volume traded today was 127.36 lakhs (12.74 million) with a traded value of Rs 185.48 crore

    Although more shares of TV18 Broadcast changed hands (69.02 lakh, traded value Rs 26.12 crore), Zee Entertainment (Zeel) saw a traded value of Rs 93.22 crore (a little more than 50 per cent of the Media Index traded value for the day) on a volume of 25.04 lakh. Sun TV was another actively traded stock that saw volumes of 8.81 lakh on a traded value of Rs 29.42 crore.

  • Bloodbath on Dalal Street; media & entertainment see red with Balaji leading fall

    Bloodbath on Dalal Street; media & entertainment see red with Balaji leading fall

    MUMBAI: There was bloodbath on the bourses as the benchmark Bombay Stock Exchange (BSE) Sensex crashed below the 23,000-level to close at 22,951.83, down 807.07 points (3.45 per cent) on Thursday, 11 February, 2016.

    The Nifty also crashed 232.30 points or 3.21 per cent to close the day at 6,983.40.

    Amongst other sectors that bore the brunt of this melt down, was also the media and entertainment sector, which saw red. Bucking the trend was Videocon Industries, which closed the day up 0.05 per cent at Rs 107.90 as compared to its previous day close of Rs 107.85.

    Balaji Telefilms was amongst one of the biggest losers with the stock slumping 14.57 per cent to close the day at Rs 89.70 as compared to its previous day close of Rs 105.

    Eros International Media slumped 12.40 per cent to Rs 156.85, down Rs 22.20 from its previous close of Rs 179.05.

    DQ Entertainment (International) was down 10 per cent to close the day at Rs 23.85 as compared to its previous day’s close of Rs 26.50.

    B.A.G Films & Media was down 9.87 per cent at Rs 3.47. Also affected was the direct to home (DTH) company Dish TV India, which closed the day at Rs 72.45, down 8.75 per cent.

    TV Today Network was down 7.16 per cent to close the day at Rs 280.60 and touched an intra day low of Rs 277.10.

    Network18 Media & Investments as well as Shemaroo Entertainment were down 6.32 per cent. While Shemaroo closed the day at Rs 249.10, Network18’s stock price stood at Rs 41.50 at the end of day’s trade.

    With a drop of 6.16 per cent, Saregama India closed the day at Rs 251.20, whereas multi system operator (MSO) Hathway Cable & Datacom lost 5.39 per cent to close the day at Rs 35.10.

    Den Networks dipped 5.22 per cent to close at Rs 66.30 after touching an intra-day high of Rs 71. Meanwhile Zee Learn was down 5.08 per cent to close at Rs 32.70.

    The Maran-owned Sun TV Network was down 4.48 per cent with the stock closing at Rs 326.40.

    MSO Siti Cable Network at Rs 33.10 was down 4.20 per cent as compared to its previous close of Rs 34.55.

    After opening at Rs 195.80 and touching an intra-day high of Rs 196, the Orissa based MSO Ortel Communications was also in the red, down 2.76 per cent to close the day at Rs 180 as compared to its previous day close of Rs 185.10.

    PVR’s stock was down 2.68 per cent to close the day at Rs 709.75. The company’s shares touched an intra-day high of Rs 735.80 and an intra-day low of Rs 695.

    Zee Entertainment Enterprises Limited (ZEEL) was down 2.64 per cent. The stock closed at Rs 369.40 from its previous close of Rs 379.40.
    Jagran Prakashan was down 2.31 per cent to close at Rs 156.30, whereas Zee Media Corporation closed at Rs 17.75 and was down 2.20 per cent.

    Entertainment India Ltd (ENIL) was down 1.64 per cent to close at Rs 673.30, while HT Media’s shares were down 0.46 per cent to close at Rs 75.65. Tips Industries’ stock closed at Rs 61.95, down 0.24 per cent.
    NDTV India remained at its previous day’s close of Rs 102.20 witnessing no change. The stock, however, touched an intra-day low of Rs 99.10.
    Share prices of all the companies in the 15 stock Nifty Media Index fell today. The Index was down 3.75 per cent, a fall that was more than the 3.32 per cent drop by the NSE Nifty 50.

    The Nifty Media Index opened at the start of the trading day at 2261.35 points, which was the high for the day. The Media Index witnessed a low of 2161.50, with the last traded price of 2177.45. The volume traded today was 127.36 lakhs (12.74 million) with a traded value of Rs 185.48 crore

    Although more shares of TV18 Broadcast changed hands (69.02 lakh, traded value Rs 26.12 crore), Zee Entertainment (Zeel) saw a traded value of Rs 93.22 crore (a little more than 50 per cent of the Media Index traded value for the day) on a volume of 25.04 lakh. Sun TV was another actively traded stock that saw volumes of 8.81 lakh on a traded value of Rs 29.42 crore.

  • Q1-2016: Despite drop in QoQ revenue, B.A.G. Films TV  segment operating profit flat

    Q1-2016: Despite drop in QoQ revenue, B.A.G. Films TV segment operating profit flat

    BENGALURU: B.A.G. Films and Media Limited (BAG Films) Television Broadcasting segment (TV segment) reported 20.6 per cent drop in segment revenue to Rs 20.69 crore (79.7 per cent of Total Income from Operations or TIO) in the quarter ended 30 June, 2015 (Q1-2016) as compared to the Rs 26.06 crore (82.8 per cent of TIO) in Q4-2015. The TV segment reported 9.5 per cent drop in revenue in the current quarter as compared to the Rs 22.85 crore (69.9 per cent of TIO) in the corresponding year ago quarter.

     

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

     

    (2) All numbers in this report are consolidated unless stated otherwise

     

    Despite the drop in operating revenue, BAG Films TV segment reported almost flat operating profit at Rs 8.08 crore in the sequential quarters Q4-2015 and Q1-2016. The segment’s operating profit in Q1-2016 however dropped 5.7 per cent as compared to the Rs 8.57 crore in Q1-2015.

     

    BAG Films TIO in the current quarter at Rs 25.96 crore was 17.5 per cent lower than the Rs 31.46 crore in the immediate preceding quarter and was 20.6 per cent lower than the Rs 32.70 crore in the corresponding year ago quarter.

     

    Let us look at the other numbers reported by BAG Films

     

    BAG Films reported a lower loss of Rs 1 crore in the current quarter as compared to the loss of Rs 11.53 crore in Q4-2015, but the loss in the current quarter was higher than the Rs 0.67 crore in Q1-2015. The company’s simple EBIDTA calculated without including other income in the current quarter at Rs 6.06 crore (23.3 per cent margin) was 1.5 per cent lower than the Rs 6.15 crore (19.6 per cent of TIO) and was 12.2 per cent lower than the Rs 6.91 crore (21.1 per cent margin) in Q1-2015.

     

    The company’s total expenditure in the current quarter at Rs 23.67 crore (91.2 per cent of TIO) was 38.3 per cent lower than the Rs 38.38 crore (122 per cent of TIO) in Q4-2015 and was 19.9 per cent lower than the Rs 29.54 crore (90.3 per cent of TIO) in Q1-2015.

     

    Employee Cost in Q1-2016 at Rs 4.74 crore (18.2 per cent of TIO) was 11.8 per cent lower than the Rs 5.37 crore (17.1 per cent of TIO) in Q4-2015 but was 0.4 per cent more than the Rs 4.72 crore (14.4 per cent of TIO) in Q1-2015.

     

    Segment Numbers

     

    The five segments mentioned in the company’s financial results are: Audio-Visual Production (AVP); Movies: Leasing; FM Radio; and Television Broadcasting. While BAG Films Movies segment made no contribution to the company’s revenue or operating results in the current quarter, Q4-2015 or Q1-2015, TV Broadcasting segment numbers have already been mentioned above.

     

    Audio Visual Production segment (AVP segment)

     

    AVP segment reported 9.7 per cent growth in revenue in Q1-2016 at Rs 3.60 crore as compared to the Rs 3.28 crore in Q4-2015 and a growth of 34 per cent as compared to the Rs 2.69 crore in Q1-2015. The segment reported an operating profit of Rs 2.24 crore in Q1-2016 as compared to an operating loss of Rs 1.38 crore in the immediate trailing quarter and 14.4 per cent growth in operating profit in Q1-2016 as compared to the operating profit Rs 1.96 crore in Q1-2015.

     

    Leasing segment

     

    BAG Films Leasing segment reported a little more than one fourth (26.4 per cent) revenue in the current quarter at Rs 0.1 crore as compared to the Rs 0.38 crore in Q4-2015 and less than one seventh (16 per cent) the revenue of Rs 0.62 crore in Q1-2015. The segment reported an operating loss of Rs 0.93 crore in Q1-2016; and operating loss of Rs 3.14 crore in Q4-2015 and an operating loss of Rs 0.41 crore in Q1-2015.

     

    FM Radio segment

     

    BAG Films FM Radio segment reported a 9.5 per cent decline in revenue in Q1-2016 at Rs 1.58 crore as compared to the Rs 1.74 crore in Q4-2015, but a growth of 2.1 per cent as compared to the Rs 1.55 crore in Q1-2015. The company’s FM Radio segment reported an operating loss of Rs 0.24 crore in Q1-2016; an operating loss of Rs 2.05 crore in Q4-2015 and an operating loss of Rs 0.08 crore in Q1-2015.

  • FY-2014: BAG Films reports Rs 6.09 crore PAT: Radio segment operating loss widens by 68 per cent

    FY-2014: BAG Films reports Rs 6.09 crore PAT: Radio segment operating loss widens by 68 per cent

    BENGALURU: B.A.G. Films & Media Limited (Bag Films) reported consolidated PAT of Rs 6.09 crore (4.14 per cent of Total Income) in FY-2014 as compared to a loss of Rs (-82.16) crore in FY-2013. Overall, even for FY-2014, the company has reported a loss of Rs (-9.13) crore, however, contribution from minority interest of Rs 15.22 crore has resulted in the positive PAT for the year mentioned above.

     

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

     

    For Q4-2014, Bag Films reported a (-90.91) per cent drop in PAT to Rs 0.67 crore (1.61 per cent of Total Income) as compared to the Rs 7.02 crore (17.85 per cent of Total Income) in Q3-2014 and a loss of Rs (-7.29) crore in Q4-2013.

     

    Bag Films reported 24.34 per cent higher total income in FY-2014 at Rs 147.15 crore as compared to the Rs 118.35 crore in FY-2013. Total Income for Q4-2014 at Rs 41.87 crore was 6.45 per cent more than the Rs 39.35 crore in the immediate trailing quarter and 27.21 per cent more than the Rs 32.92 crore in the year ago quarter –Q4-2013.

     

    Despite a much lower operating q-o-q loss in Q4-2014, the company’s radio segment reported a loss of Rs (-2.18) crore in FY-2014 as compared to an operating  loss of Rs (-1.3) crore in FY-2013. The segment reported an operating loss of Rs (-0.10) crore which was about one ninth the loss of Rs (-88.43) crore in Q3-2014 and about one twelfth the loss of Rs (-117.46) crore in Q4-2013.

     

    Bag Films radio segment reported (-1.22) per cent drop in operating revenue in FY-2014 to Rs 5.09 crore from Rs 5.15 crore in FY-2013. In Q4-2014, the segment’s operating revenue jumped 84.24 per cent to Rs 1.63 crore from Rs 0.89 crore in Q3-2014 and was 30.1 per cent more than the Rs 1.25 crore in Q4-2013.

     

    Bag Films FM Radio segment operates under the brand name ‘Radio dhamaal’ and is available at the frequency of 106.4 and is present in seven states and 10 towns of India.

     

    Bag Films has informed the stock exchanges that the Board of Directors of the Company at its meeting held on 26 May 2014, inter alia, has not proposed any dividend for the Financial Year ended 31 March 2014.

     

    Let us look at the other FY-2014 and Q4-2014 numbers reported by Bag Films

     

    Bag Films Total Expense in FY-2014 at Rs 137.23 crore (93.26 per cent of Total Income) was (-6.13) per cent lower than the Rs 146.19 crore (123.53 per cent of Total Income) in FY-2013. Total Expense in Q4-2014 at Rs 33.63 crore (80.32 per cent of Total Income) was (-6.99) per cent lower than the Rs 36.16 crore (91.93 per cent of Total Incoms) and (-8.20) per cent lower than the Rs.36.64 crore (111.3 per cent of Total Income) in Q4-2013.

     

    The company’s finance cost in FY-2014 was 73.55 per cent more at Rs 19.48 crore (13.25 per cent of Total Income) as compared to the Rs 11.23 crore (9.49 per cent of Total Income) in FY-2013. In Q4-2014 finance cost at Rs 7.65 crore (18.27 per cent of Total Income) was 60.01 per cent more than the Rs 4.53 crore (11.51 per cent of Total Income) in Q3-2014 and more than double (2.08 times) the Rs 3.68 crore (11.19 per cent of Total Income) in Q4-2013.

     

    Bag Films reported lower depreciation numbers for FY-2014 at Rs 18.66 crore (-10.39) per cent lower than the Rs 20.82 crore in FY-2013. Depreciation for Q4-2014 at Rs 4.61 crore  was (-2.06) per cent lower than the Rs 4.71 crore in Q3-2014 and (-18.23) per cent lower than the Rs 5.64 crore in Q4-2013.

     

    During FY-2014, the company has pared its employee cost to Rs 17.95 crore from Rs 19.72 crore in FY-2013.

     

    Segments Results

     

    The following segments contribute to Bag Films revenue: Audio-visual production, movies, leasing, FM radio and television broadcasting. FM radio results have been mentioned above. The company has mentioned revenue and result from movies as NIL. We shall look at two other segments – Audio-visual production and television broadcasting in this report.

     

    Bag Films Audio-visual production segment reported revenue of Rs 48.59 crore in FY-2014 which was 76.51 per cent more than the Rs 27.53 crore in FY-2013. Revenue from this segment in Q4-2014 at Rs 11.17 crore was (-23.66) per cent lower than the Rs 14.64 crore in Q3-2014 but more than double (2.16 times) the revenue of Rs 5.17 crore in Q4-2013.

     

    Audio-visual production segment reported operating profit of Rs 9.31 crore in FY-2014, as compared to a loss of Rs (-2.78) crores in FY-2013. In Q4-2014, Audio-visual production segment reported 50.08 per cent growth in operating results to Rs 4.92 crore as compared to the Rs 3.28 crore in Q3-2014 and a loss of Rs (-1.89) crore in Q4-2013.

     

    Bag Films runs News 24 and E24 television channels. Its Television broadcasting (TV) segment reported operating revenue of Rs 89.44 crore in FY-2014, which was 6.57 per cent more than the Rs 83.93 crore in FY-2013. The company’s TV segment reported revenue of Rs 26.47 crore in Q4-2014, which was 12.16 per cent more than the Rs 23.60 crore in Q3-2014 and 2.2 per cent more than the Rs 25.90 crore in Q4-2013.

     

    Bag Films TV segment reported more than triple (3.17 times) operating profit at Rs 31.09 crore in FY-2013 as compared to the Rs 9.80 crore in FY-2013. Operating profit by this segment in Q4-2014 at Rs 9.43 crore was 10.12 per cent more than the Rs 8.56 crore in Q3-2014 and 3.04 per cent more than the Rs 9.15 crore in Q4-2013.

    Bag Films has informed BSE that the Board of Directors of the Company at its meeting held on 26 May 2014, has approved the preferential issue of 80,000,000 (Eight crore only) warrants convertible into equity shares at a later date, on a preferential basis, to Promoters/Promoter Group and Non Promoters subject to approval of the shareholders in the forthcoming Annual General Meeting and such regulatory or statutory approvals as may be necessary/required.

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  • Bag Films q-o-q loss up 34% for Q2-2014; Radio segment major contributor to loss

    Bag Films q-o-q loss up 34% for Q2-2014; Radio segment major contributor to loss

    BENGALURU: B.A.G. Films & Media Limited (Bag Films) reported consolidated income from operations of Rs 32.65 crore for Q2-2014 which was 9.7 per cent lower than the Rs 36.13 crore for Q1-2013 and almost flat as compared to the Rs 32.67 crore for Q1-2014. The company reported a 33.8 per cent higher loss at Rs (-4.35) crore for Q2-2014 as compared to the Rs (-3.25) crore for Q1-2014. Bag Films had reported a profit of Rs 5.62 crore for the corresponding quarter of last year (Q2-2013). For FY-2013, Bag Films had reported a loss of Rs (-8.86) crore.

     

    Bag Films’ Radio segment was a major contributor to the loss for Q2-2014. The segment reported revenue of Rs 1.01 crore for Q2-2014, which was 44.4 per cent lower than the Rs 1.82 crore for Q2-2013 and 35.3 per cent lower than the Rs 1.56 crore for Q1-2014.

     

    Bag Films FM Radio segment incurred a massive loss of Rs 1.71 crore (39.3 per cent of total loss) for Q2-2014. FM Radio segment had returned positive results of Rs 0.1257 crore for Q2-2013 and Rs 0.5086 crore for Q1-2014. Bag Films FM Radio segment operates under the brand name ‘Radio dhamaal’ and is available at the frequency of 106.4 and is present in seven states and 10 towns of India.

     

    Let us look at the other consolidated figures reported by Bag Films for Q2-2014

     

    Total expenditure for Q2-2014 at Rs 33.99 crore was one per cent more than the Rs 33.64 crore for Q2-2013 and 1.6 per cent higher than the Rs 33.44 crore for Q1-2014.

     

    Other expense at Rs 26.03 crore for Q2-2014 was eight per cent higher than the Rs 24.09 crore for Q2-2013, but 13.4 per cent lower than the Rs 30.07 crore for Q1-2014.

     

    Finance cost for Q2-2014 at Rs 3.61 crore was 29.4 per cent more than the Rs 2.79 crore for Q2-2013, but 1.9 per cent lower than the Rs 3.68 crore for Q1-2014.

     

    Segment Results

     

    Bag Films operates in five segments: Audio-visual production, Movies, Leasing, FM Radio and Television Broadcasting.

     

    Its audio-visual production segment reported revenue of Rs 12.80 crore for Q2-2014 which was 42.2 per cent more than the Rs 9 crore for Q2-2013 and 28.2 per cent more than the Rs 9.98 crore for Q1-2014. This segment returned positive result of Rs 1.56 crore which was 24.6 per cent lower than the Rs 2.07 crore of the corresponding quarter of last year. The segment had returned negative results of Rs (-0.44) crore for Q1-2014.

     

    Bag Films leasing segment had segment revenue of just Rs 0.1357 crore for Q2-2014 as compared to the Rs 0.1871 crore for Q2-2013 and the Rs 0.4634 crore for Q1-2014. Loss from this segment was another major contributor (26.7 per cent of total loss for the quarter) to the overall loss incurred by the company. For Q2-2014, Bag Films leasing segment reported loss of Rs (-1.16) crore, which was 7.5 per cent lower than the Rs (-1.25) crore for the corresponding quarter of last year about 2.61 times the loss of Rs (-0.44) crore for the immediate trailing quarter.

     

    Bag Films runs News 24 and E24 television channels. Its television broadcasting segment reported 25.6 per cent lower revenue at Rs 18.70 crore as compared to the Rs 25.13 crore for the corresponding quarter of last year and 9.5 per cent lower than the Rs 20.67 crore for Q1-2014. This segment returned a 20 per cent lower positive Rs 7.02 crore as compared to the Rs 8.78 crore for Q2-2013,but 15.3 per cent more than the Rs 6.09 crore for Q1-2014.

     

    The company reported nil results for its Movies segment.

  • BAG Films bags Urmila Gupta as additional director

    BAG Films bags Urmila Gupta as additional director

    MUMBAI: The Anurradha Prasad owned BAG Films has been strengthening its senior management. A couple of months ago, it announced the appointment of television veteran Ravina Raj Kohli as an advisor. Today, it informed the Bombay stock exchange (BSE) that it had roped in a new additional director in former DD and Star TV professional Urmila Gupta.

     

    Currently, Gupta is a trustee director at Cinema Capital, an investment advisory company. She is also a producer/promoter at Taal India Communication. Confirming her appointment, BAG Network MD and chairperson Anurradha Prasad says, “We welcome her to the company. She is an old TV hand with a 360 degree experience. She will add a lot of value to BAG.”

     

    Gupta has over 35 years of experience in the media and entertainment sector. She was the head of the India International Film Festival for many years. Later, she joined Doordarshan as deputy director general of its news and current affairs division.

     

    In 1996, Gupta joined Rupert Murdoch’s News Corp as executive director of Star TV group. She headed its DTH operation in India called I Sky B which got dissolved, leading to her leaving the company in 1999. Apart from this, she has also worked with the Indian government for nearly 28 years.

  • ‘Regional language content has a huge scope in volume biz’ : UTV Television COO Santosh Nair

    ‘Regional language content has a huge scope in volume biz’ : UTV Television COO Santosh Nair

    UTV Television, one of the foremost television production studios in India, has seen many ups and down in the past. At one stage it was one of the premier TV production houses in the country. Then a clutch of upstarts – Balaji Telefilms, BAG Films, Big Synergy, Sphere Origin, Director‘s Kut, Shakuntalam, and Endemol – came and swept business from under its feet.

     

    But over the past couple of years, the division of UTV – promoted by Ronnie Screwvala – has been piecing together its story show by show. It began by venturing into the production of Marathi and southern Indian language shows. Then it focused on putting together a slate of Hindi non-fiction shows. The fact that the quantum of fiction shows on its genre sheet all but disappeared did not perturb the pioneer of TV in this country.

     

    The man helming the division is Santosh Nair, who was earlier in UTV‘s air time sales division. Nair spoke to Indiantelevision.com‘s Gaurav Laghate about the developments so far and the roadmap ahead.

     

    Excerpts:
     

     
    What are the changes you introduced in UTV‘s television content business after taking over as head a year back?
    I joined UTV in May 2005 but was taking care of the airtime sales division down south. Since last year, I have taken over the overall television business.

     

    We have really worked towards putting together the best creative team. We got back Indrajit Ray as chief creative officer. And we have put the right people at the right place.

     

    Now we are concentrating on developing show formats. Two major and much talked about formats that our team has developed are – Dance India Dance (season one) and Emotional Atyaachaar.

     

    Apart from this, I can say a lot of thought has gone into setting the roadmap for the future.

     
     
    Was there a need to change the team structure?
    We have different teams looking after fiction and non-fiction content. Both the verticals have their development teams also, which develop home grown ideas. Dance India Dance was part of that, and recently Emotional Atyaachaar was internally homegrown.

     

    All these separate teams are driven by different individuals.
     
     
    We are seeing a greater focus on non-fiction shows rather than fiction. Why?
    Yes, in the last couple of years, our strategy had been to focus on an area, which was very wide open, that is non-fiction. And now we are the only content company that produces shows in Hindi, Marathi, Tamil, Kannada, Malayalam and Telugu.

     
     
    But why was the focus greater on non-fiction shows?
    We wanted to fill the vacuum that was sitting over there in terms of a content delivery vehicle for non-fiction content. I think we have been fairly successful in doing that because in that span of two years, we did only non-fiction.

     

    We had non-fiction shows like Chhota Packet Bada Dhamaka, Dance India Dance first season (on Zee TV), Ek Haseena Ek Khiladi (Colors) and Cash Cab (Bindass).

     

    Apart from one long running saga Bhabhi (on Star Plus), we didn‘t have any other fiction to look at.

     
     
    But don‘t you think the fiction quotient, what generally is termed as the staple diet, has come down?
    These shows clearly established us as a non-fiction brand. But yes, having said so, people started looking at us as a pure non-fiction content provider. They forgot that we started as a company which delivered great fiction content.
     

     
     ‘People started looking at us as a pure non-fiction content provider. They forgot that we started as a company which delivered great fiction content‘

     
     
    So how are you positioning yourself now?
    We are focused on growth. 2009-10 has been to cement this entire platform in terms of being looked as both a fiction as well as a non-fiction provider.

     
     
    Talking about projects, how many new shows do you have in the pipeline ?
    The second quarter is when we will go all guns blazing. We have many shows in the pipeline; we are starting with a primetime show on ETV Marathi.

     

    We also have four fiction shows for Hindi GECs including one (Rakt Sambandh, a remake of a Telugu show) for Imagine TV. For the other three shows, I can‘t share the details as we are in the process of signing the LoI. But I can tell you that we are working with the top channels.

     

    There are also two non-fiction shows, out of which one is the mother of all reality shows. But again I cannot give details right now.

     
     
    Are these standalone initiatives or are they being done in partnership with others?
    We have a partnership with UTV Tele Talkies Ltd (UTTL), wherein we have on board Prashant Jadhav, the man behind Kasauti Zindagi… We are working on a fiction show for Imagine TV. It will be on air by end of this quarter.

     

    We have also been producing Sonu Sweety with Rajesh Berry Entertainment Ltd for Sab.

     
     
    And about your recent entry in the regional space…
    In Marathi yes, but for Southern languages our association with Sun has been since the time of the network‘s inception.

     
     
    But you were not producing shows for the Sun Network. You were primarily doing airtime sales…
    In the last couple of years, we have moved from being purely an airtime sales outfit to a more of a mix and match of own productions and marketing the same.

     
     
    How do you see the growth in regional markets like Marathi?
    In the last couple of years, regional markets have been systematically growing. And if you look at pan-India or Hindi GEC, you will see shows catering to the Marathi audience, like Pavitra Rishta.

     

    There is huge scope, but only if you do volume business as margins are very less. But yes, it is a growing market and we are looking at it in a serious manner. The Bengal market is also where we are looking to expand, but only after establishing ourself in the Marathi space.

     

     
    Coming to your content, you are producing Emotional Atyachaar, which is a bit edgy in nature. How is the response for the show? You are planning a second season also?
    Emotional Atyachaar has really cut the ice with audiences as far as Bindass is concerned. The audiences actually liked it. It has got the channel to a GRP level where it had never reached before. It had also beaten cult shows on competitive channels.

     

    And talking about Bindass, it is a youth channel, so it is okay to have edgy content. Anyway there is a very thin line. And yes, the second season of Emotional Atyachaar is coming in very soon.
     

     
    So you see a change in viewership trends?
    Viewership patterns are definitely changing. People are ready to experiment; they are looking at some kind of differentiation of content and that‘s where you see successes like Sach Ka Saamna and Emotional Atyachaar.

     

    For example, in the midst of a huge crowd of Hindi GECs, Colors came in. Everyone thought what is this? But they took their punt and it worked. See it is the small differentiator, which will drive the content. Otherwise it is going to be one mundane thing where daily sagas are coming in. So for the daily soaps also that we are working on, we are trying to do something different. The story might remain the same, but it is all about the treatment, how you take it forward. 

     
    You said DID was your format, but the IPR remains with Zee?

    With Hindi broadcasters, what happens is that the IPR remains with the channel. And historically it has been happening this way. But we took a bold stand when we decided to retain the IPR of Shararat.

     

    But that was a long time back, now all the IP is vested with the broadcaster. It is as simple as that. Emotional Atyaachaar‘s IPR is with Bindass, although it‘s a group company. 

     
    So if you don‘t have IPR, how are you intending to grow? If you see international production houses like Endemol and Frementle, they all retains their IPRs.
    We have already started working on some projects where we can retain IPR as it is going to be the future. We are working on certain finite series, where we will retain the IPR. We will produce it first, before even going to the channel and pitching it.

     
    And how do you intend to fund it?
    We will opt for internal funding. And we will de-risk it by producing four episodes and sampling it to broadcasters.

     

    In case we have a very solid finite – 13 or 22 – episodic series, then we can think of producing it in full. 

     
    Internationally, we see the syndication model in the television business. It allows producers to take on the risk of production and getting the reward by selling it to various outlets globally. Why can‘t we have such a model here?
    See, in India since we don‘t retain IPRs we cannot have the syndication model. And channels that run repeat content, are mostly low cost in operations.

     

    And even if some demand comes from international markets, the broadcaster, with the IPR, makes most of the money. 

     
    But with shows on Sun Network you can guard the IP.
    The benefit any company that works with Sun has, is that they can retain their IPR. The model there is completely different – you produce, you market, you pay slot fees. That‘s the benefit with Sun. So you have shows which are running there, which you can remake in other languages. We have a long standing relationship with Sun Network.

     

    And at the same time you can not produce content for competitors. That‘s the condition Sun has?

    Well, in terms of revenue and feasibility it makes sense to work with Sun as it is the biggest network down south. 

     

     
     So apart from the IPR issue, what other challenges are there for a production house?

    We have already seen one big challenge when recession happened. Channels were looking at cutting down expenses including production costs. They want the same product at a lesser cost. So that was the biggest challenge and learning that we got in the last so many years.

     

    We really had to sit back and think on how to strategise and minimise the cost. Not only in terms of our business but on a macro level also.