Tag: cable

  • Fox Corp profits shoot up in Q3, despite ad revenue dip

    Fox Corp profits shoot up in Q3, despite ad revenue dip

    New Delhi: Fox Corporation on Thursday reported increase in quarterly net income which rose to $582 million as compared to the $90 million reported in the prior year quarter.

    A change in how the TV broadcasting company valued some of its assets is being considered a key reason for the increase in net income.

    However, the total quarterly revenues dropped to $3.22 billion as compared to the $3.44 billion reported in the year ago quarter. According to the New York-based company, this was primarily due to the absence of the ad revenue from the broadcast of Super Bowl LIV. Advertising revenues fell 24 per cent to $1.20 billion as compared to the $1.57 billion reported in the prior year quarter. Fox News, too recorded a seven per cent drop in ad revenue.

    Though, it was partially offset by the consolidation of it’s free streaming platform Tubi and the impact of additional NFL regular season and playoff broadcasts in the current year quarter, said the company.

    The affiliate revenues increased 10 per cent with 18 per cent growth at the television segment and six per cent growth at the Cable Network Programming segment.

    Overall, the cable news giant Fox News continued to make vast majority of the Fox Corporation’s profits, said the company.

    Executive chairman and chief executive officer Lachlan Murdoch said the company has delivered operationally and financially with the year-to-date revenues, despite the impact of Covid and the comparison against a Super Bowl year. 

    “Consistent with our expectations, Fox News reclaimed its leadership position as America’s number one cable news network and the most watched cable network in primetime, while Fox Sports reached a landmark agreement with the NFL to extend our Sunday NFC rights package with expanded digital rights. These strategic milestones, coupled with a slate of complementary, high-growth, digital-focused assets, led by continued record growth at Tubi, provide a powerful platform to grow our business for the long-term,” he detailed.

    Murdoch went on to add that the company would lay emphasis on digital media and the new business was likely to be found in podcasting, digital venues, and a new weather-news unit Fox had been building in its Fox News Media unit.

    The net Income attributable to Fox Corporation stockholders was $567 million ($0.96 per share) as compared to the $78 million ($0.13 per share) reported in the prior year quarter. 

    The company also used the occasion to announce the acquisition of OutKick Media, the news outlet founded by Clay Travis.

  • ShortsTV enters Nepal with local partnerships

    ShortsTV enters Nepal with local partnerships

    KOLKATA: SVoD platform ShortsTV has forayed into Nepal in partnership with leading DTH platform DishHome and cable TV operator SimTV. With this, ShortsTV is the first ever curated platform for short stories and films in Nepal, providing over 900 hours of unconventional and captivating short format stories.

    The service will be available to all subscribers as part of the Basic Pack and will feature a promising line-up of 4,000+ premium titles, including the best of Oscars, BAFTA and Cannes along with popular Indian short films. Subscribers can look forward to an exciting mix of award winning and nominated short films covering a variety of genres including comedy, drama, thriller, mystery, crime and adventure amongst others in specially curated one-hour programming blocks. This premium offering will be available to subscribers as a linear channel on their television and the buddy mobile app of DishHome.

    ShortsTV chief executive Carter Pilcher said, “As viewing habits evolve, & time being a rare commodity, viewers are preferring complete storytelling in a short dose. As such, short films have seen a huge surge in popularity across the globe including in India. We are introducing our choicest shorts to the Nepal market and are ramping up the regional content on our platform. We are on a quest to further strengthen our presence in Asia and the entry into Nepal marks the second country in our Asian portfolio.”

    ShortsTV’s library of short films includes international finds like Skin, Bear Story, Friend request pending, Henry, Inseparable, Shackled, The Voorman Problem, Swimsuit 46 and others. It also includes some of the most popular Indian short films starring Bollywood celebrities like Kajol, Nawazuddin Siddiqui, Radhika Apte, Rajkumar Rao, Nasseruddin Shah, Jackie Shroff such as Chutney, Ahalya, Shunyata, Devi, Rogan Josh, Zahida, Carbon, Uss Din among others.

    ShortsTV Asia president Tarun Sawhney said, “With the recent digitisation and boom in content consumption, storytelling has transcended language and geographical barriers and found audiences among people who truly appreciate good cinema. The same goes for short films. With the expansion of ShortsTV, we are introducing the world’s largest library of high-quality curated shorts to one country at a time and we are sure of the success that awaits shortbusters with our every next step.” 

    ShortsTV is already available in over 100 million homes across the US, India, Latin America, the Netherlands, Belgium, and Eastern Europe.  In India, ShortsTV is available as a value-added service across all leading DTH platforms including Tata Sky, Dish TV, D2H and Airtel Digital TV. The platform has also forayed into OTT streaming with its recent partnership with Airtel Xstream App.

  • DTH segment expands its subscriber base by 1.01 mn in 2020

    DTH segment expands its subscriber base by 1.01 mn in 2020

    KOLKATA: The direct-to-home (DTH) subscriber base in India has reached a base of around 70.99 million in 2020, according to the Indian Telecom Services Performance Indicator Report October-December 2020 published by the Telecom Regulatory Authority of India (TRAI). This points to an addition of around one million subscribers in the year.

    While the total active DTH subscriber base stands at 70.99 million as of 31 December 2020, the segment had reported a base of 69.98 million for the last quarter of 2019.

    Tata Sky is leading the DTH segment with 33.03 per cent market share. It has marginally increased its market share of 32.58 per cent from July-September (2020) quarter. Airtel’s DTH arm has almost closed its gap with Dish TV with the former holding 25.17 per cent market share, and the latter gaining 25.45 per cent market share. Sun TV’s DTH arm has also improved its position with 16.35 per cent market share compared to 15.83 per cent in the previous quarter.

    As on 31 December 2020, there are 1,704 MSOs registered with the ministry of information and broadcasting (MIB), as against 1,613 multi-system operators (MSO) at the end of 2019. There were 1,697 MSOs including two provisional MSOs at the end of the previous quarter. Further, TRAI data indicates that there are 12 MSOs and one HITS operator who have subscriber bases greater than one million. Siti Networks, GTPL Hathway and Hathway are the top three players in this category.

    A total of 907 private satellite TV channels have been permitted by MIB for uplinking, downlinking, as on 31 December 2020. There are 326 pay TV channels including 233 SD channels and 93 HD channels and 581 free-to-air channels.

  • Den Networks’ Q4 subscription revenue down 15% to Rs 190 crore

    Den Networks’ Q4 subscription revenue down 15% to Rs 190 crore

    KOLKATA: Multi-system operator Den Networks has reported consolidated net profit at Rs 33.89 crore for the fourth quarter of financial year 2021 (FY21), a 50.56 per cent rise year-on-year basis. 

    Revenue from the operations stood at Rs 320.79 crore from the quarter, sharply declining from Rs 1195.48 crore in the same quarter a year ago. Total income also declined, down 3.49 per cent at Rs 355.52 crore during the quarter under review as against Rs 368.39 crore in the same period a year ago.

    The company’s consolidated EBITDA was at Rs 65 crore at the end of Q4, a marginal increase from Rs 64 crore during the corresponding period of FY20.

    Den’s cable operations cover over 500+ cities/towns across 13 key states in India. While the cable business was incorporated in 2007, Den Broadband Ltd was incorporated in 2011. The company has its registered office in New Delhi. At present, it has enabled fixed broadband services across 41 cities or towns in India.

    However, the operator has seen a huge decline in subscription revenue tumbling to Rs 190 crore, a 15 per cent degrowth year-on-year from Rs 222 crore. Activation revenues have grown by 24 per cent to reach Rs 34 crore compared to Rs 21 crore in the same quarter last year.

  • GTPL Hathway posts Rs 599.1 crore revenue for Q4

    GTPL Hathway posts Rs 599.1 crore revenue for Q4

    KOLKATA: On the back of strong performance in the fourth quarter of FY21, GTPL Hathway has posted Rs 599.1 crore revenue, up 29 per cent year-on-year. The pan-India multi system operator (MSO)’s revenue from operations for the last fiscal has gone up 22 per cent year-on-year to reach Rs 2148.4 crore. It has netted Rs 57.1 crore profit in Q4 compared to 13.8 crore loss in the corresponding period of FY20.

    EBITDA stood at Rs 101.16 crore for the quarter ended 31 March 2021, up 32.32 per cent from Rs 76.45 crore in the same quarter a year ago.

    GTPL’s cable TV subscription revenue stands at Rs 266.5 crore for the quarter compared to Rs 271.8 crore in Q3. However, CATV subscription revenue has grown by four per cent for FY21, reaching 1071.2 crore.

    On the other hand, its broadband revenue has grown five per cent quarter-on-quarter basis to reach Rs 81.7 crore in Q4. While CATV subscription revenue saw only one per cent year-on-year growth for the quarter, broadband business has seen a huge turnaround registering 77 per cent year-on-year spike.

    Significantly, the MSO’s overall subscriber base for pay TV universe has remained the same at eight million in FY21 but active broadband subscriber base has increased by 1.5X to reach overall 635K users. Average Revenue Per User (ARPU) has also gone up by 5.5 per cent and stands at Rs 445 at the end of FY 21. The company has added 540K new home passes in the year. In the last quarter, it has added 70K home pass and added 45K broadband subscribers.

    “GTPL Hathway consistently delivered on key KPIs, despite lockdown and restrictions in FY21. The highlight of FY21 was the growth in subscription revenues for both CATV and broadband business, strong profitability, net-debt free status, geographical expansion, healthy balance sheet and improved return ratios,” GTPL Hathway managing director Anirudhsinh Jadeja said.

    “We have reduced our gross debt by Rs 693 million in FY21. Additionally, the company’s board has recommended to increase the dividend to Rs 4 per share in FY21. The company associated with Boman Irani as its brand ambassador during Q4FY21. GTPL is gearing up to launch new products and services in FY22, thereby propelling its value-proposition in existing and new markets,” he added further.

    (All numbers stated here are on consolidated basis unless stated otherwise)

  • Siti Networks to acquire 76% stake in Meghbela Infitel

    Siti Networks to acquire 76% stake in Meghbela Infitel

    KOLKATA: Multi-system operator (MSO) Siti Networks will pick up 76 per cent stake in Meghbela Infitel Cable & Broadband through its subsidiary Indian Cable Net Company. The board constituted investment committee of the company has approved the acquisition in a meeting held on 25 March 2021.

    Meghbela Infitel was incorporated on 9 July 2015 under the Companies Act, 2013. It is engaged in MSO business and has a presence in Kolkata. 76 per cent equity stake in the paid-up equity share capital of the company will be acquired by Siti Networks’ subsidiary.

    While consideration will be payable in cash, 7,600 shares will be acquired at Rs 10 each. “Meghbela is in the process of acquisition of cable TV business in Kolkata, which will help in expansion of the market of the company in Kolkata,” the company said in a regulatory filing on BSE.

    Siti Networks posted Rs 390.6 crore total revenue for the third quarter of FY2020. It posted Rs 270.6 crore subscription revenue in the same quarter.

    The MSO’s operating EBITDA surged to Rs 63.80 crore. This was achieved through strict control over expenses and operating efficiencies, the company stated. Its operating EBITDA margin for the quarter moved to 16.3 per cent through control of various cost elements.

    Siti Broadband also expanded its footprint to 21 cities by the end of the quarter, with the net base increasing to 1.9 lakh.

  • GTPL Hathway ropes in actor Boman Irani as its first-ever brand ambassador

    GTPL Hathway ropes in actor Boman Irani as its first-ever brand ambassador

    KOLKATA: GTPL Hathway Ltd (GTPL) has roped in Bollywood actor Boman Irani as its first-ever brand ambassador. The company is launching a major advertising campaign featuring Irani with a tagline ‘Connection Dil Se’ for a deeper and wider connect with the existing and future customer base. GTPL has associated with renowned music composer duo Sachin-Jigar duo for the theme song which captures the spirit with which GTPL celebrates its connection with its customers.

    GTPL Hathway managing director Anirudhsinh Jadeja said, “GTPL is proud to onboard versatile actor Boman Irani as its brand ambassador. Irani is a highly respectable Indian film actor, theatre and voice artist whose films are watched and enjoyed by the pan-India audience. Our new tagline ‘Connection Dil se’ is in line with the company’s ethos to connect and actively engage with all the key stakeholders. The campaign is being launched in TVC, print and radio mediums and will also take a digital route to engage across all geographies.”

    Boman Irani stated, “It is indeed an honour and a pleasure to be associated with GTPL, a prominent brand in broadband and cable TV. I have been a customer of cable services since the early 90’s and broadband subscriber for almost a decade. I have always appreciated the prompt service and the relationship that a cable operator enjoys with his customers. The tagline “Connection Dil Se” resonates with all the relationships that I have cherished over the years and I am sure GTPL enjoys the same ‘Connection’ with its customers. I wish Team GTPL the best in all their endeavours and look forward to being associated with the brand.”

  • Is IPTV DASH mechanism the way forward for cable operators in India?

    Is IPTV DASH mechanism the way forward for cable operators in India?

    KOLKATA: Cable television service, the biggest video service provider in India, now needs to look at new technologies for cutting down cost of operations as well as simpler content delivery. At a time when multi-system operators (MSOs) are extending their offerings to broadband services, IPTV network can be the way forward, experts opined at a session at the Video and Broadband Summit (VBS) 2021.

    The panel discussion, ‘Future proofing DPOs on video delivery solutions’ included NXTDigital group CTO Ru Ediriwira, Asianet Satellite Communications Ltd vice president & technology head Salil Thomas, Broadpeak Business Development vice president Xavier Leclercq, and Planetcast Media Services founder director MN Vyas and was moderated by Indiantelevision.com founder and CEO , editor-in-chief Anil Wanvari.

    Although 100 per cent future-proofing is hard to achieve, any organisation should be future-ready in terms of technology, Ediriwira said. “You don’t know what new technology will come around the corner and completely disrupt your industry, way of working. Look at social media, more kids watch YouTube than TV. You have to keep abreast of what is going on and how future generations are changing their content habits, viewing habits,” she added.

    Vyas agreed to the view that futureproof is something that is never possible. But the companies have to look at what is really needed at least in the next five years. According to him, a sea change is needed in the current distribution system. Broadcasters and DPOs have to realise that their role has to be minimal now and TV has to be more intelligent, he stated. The operators need to take an approach where they can take and leverage the existing resources along with adding new things.

    While looking at the future is important, working on the right technology at the right time is also crucial. Thomas explained that they launched a 4K Android TV set-top box three years ago but the boxes are still sitting in their inventory as consumers are not ready for that. Hence, catching up is important rather than jumping ahead of time, he explained.

    “There is a transition happening which is trying to focus more on new users, young audiences and having the ability to reach more screens. We are sort of moving away from the traditional broadcaster domain. This is an interesting turning point,” Leclercq noted.

    According to Ediriwira, the cable industry is seeing logical progression. However, while the industry is nine years into DAS, MPEG-2 slots are still around. While operators are making a push for MPEG-4 and HD boxes, they are a long way off from adopting 4K boxes. MSOs have the advantage, unlimited bandwidth to push 4K and 8K, but there is no content, she said. Moreover, if the industry is not able to sell a huge amount of HD boxes, take off of 8K or 4K boxes will not be possible either.

    “We are seeing people are moving to different devices like fire stick, Chromecast, plug it into TV and install an app and deliver to content. This is a relatively cheaper and cost-effective way of adding new devices and adding streaming applications. On top of it, the difficulty with this is some of the HD, 4K channels have trouble growing in ninjas. This is basically heavy for the networks, for each individual session coming from one of those set top boxes back to the network. You will basically load the network with unicast traffic,” Leclercq mentioned.

    Broadpeak has introduced a technology called MABR that can be used to push multi-screen ABR content (DASH, HLS) over an ISP network. That can be a cable MSO network for example, he added. This content can be pushed all the way to set top box and then it can be consumed by the end device. Operators are starting to build this multicast ABR proposition, he said.

    According to Thomas, IPTV DASH and multicast broadcast is a way forward. IPTV DASH replaces the traditional MPEG-2 TS video structure with a more flexible and adaptive technology. It essentially offers the best of both worlds – the greater flexibility offered by OTT combined with the scalability and low latency at stake with IPTV. It can reduce the huge cost of maintenance for cable networks.

    He added that the aging of cable networks is a big factor that should be considered. Rather than incurring high maintenance cost, it is better to go for fibre-based IP network which will cater to both cable and broadband services. It is better to move TV on the same platform, he stated. Vyas also agreed that someday the industry has to really get into IP deliveries.

    “It is a possibility and we most MSOs have now converted our network to fibre on which we are running both broadband as well as cable. The move to run a full IPTV network that is something any of us have not considered yet. It is very easy for us to drive everything as a broadcast mechanism on Radio Frequency box. But it is definitely worth considering as a potential future capability but at the moment most of us are focusing on trying to upgrade our networks to IP . We have to think about the last mile level also. That requires huge investment from each of the cable operators. We have to help them,” Ediriwira mentioned.

    She added that until that does not happen, the MSOs have to use current technologies. The operators are anyway upgrading their networks and moving to fibre. While she believes that operators should look at transitioning from cable broadcast mechanism to IP network mechanism, she is not certain how helpful it will be for rural areas.  

  • Broadcasters write to Bombay HC requesting timely verdict on NTO 2.0 case

    Broadcasters write to Bombay HC requesting timely verdict on NTO 2.0 case

    KOLKATA: Broadcasters have lodged an application before the Bombay high court requesting speedy pronouncement of verdict in the amended new tariff order (NTO 2.0) case.

    The petitioners have mentioned that detailed arguments on the case were heard in September-October 2020. Subsequently, the judgement was reserved via an order on 20 October. However, the revised tariff regime has not been implemented so far and TV broadcasting ecosystem has continued to operate under the NTO price regime implemented in 2019.

    “It is submitted that the judgement remains reserved and since the issues pending for adjudication before the honourable court are substantial, an early pronouncement of judgement will be in the best interest of all stakeholder,” the petition read.

    In this regard, the Telecom Regulatory Authority of India (TRAI) also wrote to Bombay high court in late February requesting urgent listing of the case, so that a verdict may be passed soon in the matter. An industry source close to the developments in the court said at that time: "With this filing of application before the Bombay high court, the newly appointed chairman of TRAI, PD Vaghela has made it clear that the authority seeks to implement NTO 2.0 as soon as possible. “

    TRAI’s decision to implement NTO 2.0 in the beginning of 2020 came as a shocker for the broadcasting industry. In an unprecedented move, all major broadcasters came together to challenge the new tariff regime in court. Following continuous hearings from the end of February to early March 2020, the judgment was reserved on 4 March, after which the lockdown was imposed. A praecipe dated 15 June was filed by TRAI for the verdict. Post that, the matter was heard throughout September- October. The parties in conflict have wrapped up their arguments and written submissions have also been filed.

    The authority has defended its decision saying the amendments will usher in better consumer offerings. On the other hand, the industry stated the over-interference of TRAI, especially in the area of pricing, is hurting the stability of the sector. TRAI released directives for immediate implementation of NTO 2.0 even during the pandemic, which was restrained by the Bombay high court.

  • Indian pay TV ecosystem yet to optimise HD viewing opportunity

    Indian pay TV ecosystem yet to optimise HD viewing opportunity

    KOLKATA: Industry leaders have emphasised over and over again that despite recent developments and change in consumer preferences, pay TV will continue to coexist with over-the-top (OTT) platforms. On the other hand, the need for a sustainable business model is also undeniable amid the rapid flux in the media and entertainment industry. In the coming future, the conversion from standard definition (SD) to high definition (HD) can be a key growth driver, the experts said in a panel discussion at the Video and Broadband Summit (VBS) 2021. Moreover, the broadband segment will be another crucial factor, which has seen higher uptake in the last few quarters.

    ‘The leaders speak laying out a profitable future’ moderated by Indiantelevision.com founder, CEO and editor-in-chief Anil Wanvari included Indiacast Media Distribution president Amit Arora, Siti Networks CEO Anil Malhotra, Star & Disney India- India & International TV distribution president Gurjeev Singh Kapoor, Travelxp 4K founder & CEO Prashant Chothani, Fastway Transmission & Netplus Broadband group CEO Prem Ojha, and NXTDigital MD & CEO Vynsley Fernandes as panelists.

    Arora said broadcasters will always remain focused on telling new, exciting stories. But the mediums of broadcasting, distributing content will include a range of devices, TV, screens. DPOs have to look at how they can assimilate all the content assets and determine the best way of marketing those.

    “The pot of gold I see for the industry is how you can make a dollar more from the customer giving him more and more content. India will stay in a broad spectrum of free TV to $10 in the next 10 years, which segment you want to operate in is going to be your choice,” he quipped.

    Fernandes agreed to the need of looking at a wider spectrum rather than having a singular kind of telescopic lens for the distribution platform operators (DPOs) as well. In addition to that, DPOs need to bear down costs like infrastructure sharing. The important thing is how they drive out a better value for each dollar, he added.

    “Our offtake of HD in the country is very low. We have not been able to achieve a strong HD push. There is that much runaway available to us. So, can we make the transition from SD to HD as one of the key drivers going forward as there is so much runway available? The second thing we have to focus on is if we can take the second runway of a whole bunch of customers who are watching FTA content and look at them converting them to basic pay bundles, maybe from one dollar,” he stated further.

    Arora highlighted another important aspect; while HD consuming subscribers are hovering around 14-15 million, a large section of the population buys HD boxes but watches SD channels. Hence, marketing the HD proposition is very important to raise awareness.

    “We are a market of 200 million TV homes and we have 15 million homes who are watching HD channels. We have closer to 40-45 million homes that have HD TV set. The communication piece is a big issue. People don’t know when they buy an HDTV set, they also have to buy an HD set top box, along with that they have to buy a subscription for HD channels. What they think is if they have a TV set, they would get brilliant quality of channels regardless,” Kapoor detailed.

    Broadcasters and DPOs have not taken HD expansion as an agenda but it is more important than ever as OTT platforms are offering high-quality video, experts concurred. However, Travelxp’s Chothani thinks the industry needs to look beyond HD and start focusing on 4K too.

    “Five years from now, there will be 40 million 4K homes in India. MSOs and DPOs have to look at the 4K opportunity. India has a great opportunity because of the infrastructure in the cable system. If a consistent effort by MSOs, DTH platforms is taken, people will realise SD quality is not good enough,” he noted.

    On the other side, broadband looms as a highly promising prospect on top of everything, Fernandes added. Siti Network’s Malhotra is also optimistic that there is an opportunity for everyone despite the presence of players like Jio, Airtel as there are 22 million wired broadband customers compared to 650 million internet users in the country. Even if Jio subsidises as it did for wireless broadband, they might have maximum market share but would not be able to acquire all consumers, he opined. However, the home broadband rollout is slow in the country because it is physically extensive work.

    Ojha said that his organisation has already penetrated the urban consumers in its strongholds and will reach rural areas faster than Jio. “Evolution is happening in the ecosystem. There can be imperfection at every level, even at the regulation level. But we will have to look at the longest horizon where the growth engine has to be broadband driven,” Ojha commented.