ITV

Tag: digital segment

  • Future East Film enters the digital segment with new company FED (Future East Digital)

    Future East Film enters the digital segment with new company FED (Future East Digital)

    MUMBAI: Future East announced its digital counterpart FED (Future East Digital) a creative digital studio, producing branded content, shareable stories and viral moving image work for Instagram, YouTube and the Internet at large. Future East Film

    Since being unofficially launched two months ago, FED has already produced major campaigns for Amazon, Jio 5g broadband and EShakti, a US fashion portal as well as for Chalo, a new travel app. FED also begins production on a large-scale digital series in conjunction with Siddharth Roy Kapoor's RKF Films.

    FED will focus solely on creating unique content for digital platforms and will team up with its parent company Future East to offer interactive and creative content and production capabilities for online work, helping forward-thinking clients succeed digitally.

    “Our goal is to do work that is unique and shareable. FED will engage with the world beyond traditional film and broadcast and will be devoted to producing moving images for new formats and platforms.” said Ashim Ahluwalia, Director, Future East Film.

    “Future East's commercials arm has been part of the industry’s most successful advertising campaigns. We thought it time for us to enter the digital market as there is a big gap in the production standards of the work we see. We felt that a highly specialized studio that focuses solely on digital moving image work is what FED is all about.” added Hemang Chheda, Producer, Future East.

    FED has roped in development producer Seeratt Dhillon to oversee projects from start to finish. An alumni of National Institute of Design, Ahmedabad, where she studied Film, Seeratt later went to UCLA, Los Angeles to pursue her Producer’s program. She has worked at Anil Kapoor Film Company, Ajay Devgn Films, Kiss Films, Milestone Films and many more.

    Seeratt Dhillon explains “FED is a small team of amazing young creatives that help people make the things they always wanted to make. Some might call it a digital company or creative studio but those labels don't fit. Working across non-traditional media – whether Instagram videos, YouTube experiences or immersive interactivity, we believe that moving images require a new range of skills, understanding, technologies, and insights.”

  • Q2-2016: HT Media revenue up 7.3%, PAT down; radio revenue up 20.5%

    Q2-2016: HT Media revenue up 7.3%, PAT down; radio revenue up 20.5%

    BENGALURU: HT Media Limited (HT Media) reported 7.3 per cent growth in total income from operations (TIO) for the quarter ended 30 September, 2015 (Q2-2015, current quarter) at Rs 601.55 crore as compared to the Rs 560.88 crore in Q2-2015. The current quarter’s TIO was 2.4 per cent more than the Rs 587.18 crore in Q1-2016.

     

    HT Media’s radio segment (Fever 104 FM) reported a 20.5 per cent increase in operating revenue to Rs 29.34 crore (4.9 per cent of TIO) as compared to the Rs 24.34 crore (4.3 per cent of TIO) in Q2-2015 and 19.7 per cent more than the Rs 24.52 crore (4.2 per cent of TIO) in Q1-2016.

     

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

    (2) The figures mentioned in this report are consolidated figures unless stated otherwise.

     

    The company’s profit after tax (PAT) in Q2-2016 fell 17 per cent to Rs 36.42 crore (6.1 per cent margin) from Rs 43.89 crore (7.8 per cent margin) in the corresponding year ago quarter but was 46 per cent more than the Rs 24.95 crore (4.2 per cent of TIO) in Q1-2016.

     

    Advertising and Circulation revenue

     

    HT Media’s advertising revenue grew by 6.7 per cent in Q2-2016 to Rs 475.2 crore (78.8 per cent of TIO) from Rs 444.4 crore (79.2 per cent of IO) in Q2-2015 and grew 1.4 per cent from Rs 467.5 crore (79.6 per cent of TIO) in Q1-2016.

     

    Circulation revenue in the current quarter at Rs 75.4 crore (12.5 per cent of TIO) grew 5.2 per cent as compared to Rs 71.7 crore (16.1 per cent of TIO) in Q2-2015 and increased 3.3 per cent from Rs 72.9 crore (12.4 per cent of TIO) in the immediate trailing quarter.

     

    Segment-wise performance

     

    Three segments contribute to HT Media’s numbers – (1) Printing and publishing of newspapers and periodicals (Publishing) (2) Radio and (3) Digital.

     

    HT Media’s publishing segment reported 5.4 per cent growth in revenue to Rs 538.08 crore (89.4 per cent of TIO) from Rs 510.75 crore (91.1 per cent of TIO) in the corresponding year ago quarter and grew 1.1 per cent from Rs 532.44 crore (90.7 per cent of TIO) in Q1-2016.

     

    The publishing segment reported operating profit of Rs 65.36 crore, which was 2.5 per cent lower than the Rs 67.04 crore in Q2-2015 and 17.6 per cent lower than the Rs 79.29 crore in Q1-2016.

     

    HT Media has four FM radio stations – Fever 104 in Delhi, Mumbai, Bengaluru and Kolkata. Radio segment revenue numbers have been mentioned above. HT Media’s radio segment reported operating profit of Rs 3.84 crore, which was 42.2 per cent lower than the Rs 6.64 crore in Q2-2015 and 42.5 per cent lower than the Rs 6.68 crore in Q1-2016.

     

    The company’s digital segment reported 36 per cent growth in revenue to Rs 33.91 crore (11 per cent of TIO), which was 36 per cent more than the Rs 24.93 crore (4.4 per cent of TIO) in the corresponding year ago quarter and 11 per cent more than the Rs 30.56 crore (5.2 per cent of TIO) in Q1-2016.

     

    Digital segment reported higher loss of Rs 18.35 crore in Q2-2016 as compared to the Rs 14.70 crore in Q2-2015, but lower than the loss of Rs 23.88 crore in Q1-2016.

     

    The company reported unallocated losses of Rs 15.40 crore in Q2-2016; loss of Rs 11.90 crore in Q2-2016 and loss of Rs 20.01 crore in Q1-2016.

     

    Company Speak

     

    HT Media chairperson and editorial director Shobana Bhartia said, “Our performance this quarter has been satisfactory despite subdued economic activity and tepid markets. Our English publications saw a growth in revenue even after factoring in a base effect, and this was driven by growth in both HT Mumbai and Mint. Hindustan continues to demonstrate remarkable resilience and saw high growth rates. We successfully acquired the stations of our choice in the Phase-III FM auctions. The digital business grew in terms of revenue and saw a fall in losses. We are excited by the opportunities on offer, the prospects of our various businesses and are confident of executing on our plans in the coming months.”

  • Q1-2016: NDTV digital segment sees 51% YoY growth; net loss at Rs 24.3 crore

    Q1-2016: NDTV digital segment sees 51% YoY growth; net loss at Rs 24.3 crore

    MUMBAI: Consolidating its transition to a digital media company from a pure television play, New Delhi Television’s (NDTV) digital business has shown a growth of 51 per cent YoY. 

     

    In Q1-2016, the company’s digital and e-commerce revenues account for 21 per cent of total group topline, up from 13 per cent, last year. This reflects the ongoing commitment and investments of the NDTV group into building key digital assets.

     

    However, in Q1-2016, NDTV reported a loss of Rs 24.3 crore as compared to Rs 1.5 crore of last year. Of the Rs 24.3 crore loss, Rs 11 crore pertains to the e-commerce business.

     

    Speaking exclusively to Indiantelevision.com, NDTV CEO Vikram Chandra says, “Last year Q1 results of NDTV was one of the best quarters since inception generally for Television business Q3 and Q4 are stronger compared to Q1 and Q2.”

     

    “One of the biggest achievements for us in this quarter is the fact that we successfully closed the funding of our two new ventures Gadgets 360 and Fifth Gear Auto. We have put in constant efforts since the last two years to enhance our digital business and valuation and we are extremely happy to have quality investors investing in the two new projects,” he adds. 

     

    The group has raised funds at a combined valuation of $80 million, wherein $50 million was allocated for Gadgets expertise and $30 million for the Fifth Gear Auto venture. NDTV’s other e-commerce venture, Indiaroots also raised an additional $5 million.

     

    “Overall NDTV’s digital business has expanded to over $160 million, which shows our emphasis towards digital,” asserts Chandra. 

     

    The investors who invested in NDTV’s e-commerce ventures Gadgets and Car & Bike include: Inflexionpoint co-founder John Scully, Genpact founder Pramod Bhasin, Sixth Sense Ventures founder Nikhil Vora, former Unilever chairman Vindi Banga, M&S Partners founder and director Hiro Mashita and other high-net-individuals (HNIs).

     

    The total revenue generated by the group from its various businesses in the current year stands at Rs 125 crore compared to Rs 151 crore of last year. According to the financial analysis, the group has also cut down its expenses too shows the financial analysis of Q1 2015 as the expenses registered in the current quarter is Rs 140.3 crore compared to Rs 141.7 crore of last year.

     

    The company’s marketing spends have gone up to Rs 21.98 crore in the quarter as compared to Rs 19.43 crore last year.

     

    Click here for unaudited financial report