ITV

Tag: Entertainment Network

  • Q1-2016: ENIL revenue up 9.1%, PAT up 6.3%

    Q1-2016: ENIL revenue up 9.1%, PAT up 6.3%

    BENGALURU:  Indian private FM player Entertainment Network (India) Limited (ENIL) reported 9.1 per cent increase in Total Income from Operations (TIO) in the quarter ended 30 June, 2015 (Q1-2016) to Rs 101.56 crore as compared to the Rs 93.12 crore in Q1-2015, but declined 18.4 per cent as compared to the Rs 124.43 crore in Q4-2015.

     

    The company’s profit after tax (PAT) in the current quarter increased 6.3 per cent to Rs 25.88 crore (25.5 per cent of TIO) as compared to the Rs 24.35 crore (26.2 per cent margin) in Q1-2015 and was 1.5 per cent more than the Rs 25.49 crore (20.5 per cent margin) in Q4-2015. It may be recalled that the company had entered the Rs 100 crore PAT club in FY-2015 with a PAT of Rs 105.98 crore (24.2 per cent margin) on a TIO of Rs 483.48 crore

     

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

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

     

    Let us look at some of the other numbers reported by ENIL

     

    The company’s EBIDTA in Q1-2016 at Rs 35.38 crore (34.8 per cent margin) was 1.8 per cent more than the Rs 34.74 crore (37.3 per cent margin) and was 2.5 per cent more than the Rs 34.53 crore (27.7 per cent margin) in Q4-2015.

     

    ENIL total expense (TE) in Q1-2016 at Rs 74.38 crore (73.2 per cent of TIO) in Q1-2016 was 11.7 per cent more than the Rs 66.58 crore (71.5 per cent of TIO) in Q1-2015, but was 24.2 per cent lower than the Rs 98.10 crore (78.8 per cent of TIO) in Q4-2015.

     

    ENIL paid 10 per cent higher license fee in Q1-2016 at Rs 5.11 crore (five per cent of TIO) as compared to the Rs 4.65 crore (five per cent of TIO) in Q1-201, but was 15.3 per cent lower than the Rs 6.03 crore (4.8 per cent of TIO) in the immediate trailing quarter. 

     

    The company’s marketing expense in Q1-2016 at Rs 11.29 crore (11.1 per cent of TIO) was 59.3 per cent more than the Rs 7.09 crore (7.6 per cent of TIO) in Q1-2015, but was a little more than a third (64.5 per cent lower) than the Rs 31.57 crore (25.4 per cent of TIO) in Q4-2015.

     

    Employee Benefit Expense (EBE) in Q1-2016 at Rs 22.10 crore (21.8 per cent of TIO) was 8.3 per cent more than the Rs 20.41 crore (21.9 per cent of TIO) in the corresponding quarter of the previous year and was 5.3 per cent more than the Rs 20.98 crore (16.9 per cent of TIO) in Q4-2015.

     

    ENIL managing director and CEO Prashant Panday said, “It’s been a sombre quarter for radio companies, largely on account of the high base of election advertising last year. Overall advertising growth remains satisfactory, though below expectations, possibly because of the sluggish economy. The good news is that Phase-3 auctions have finally started. This will spur new growth in the years to come.”

  • MIB denies sale of TV Today’s radio biz to ENIL

    MIB denies sale of TV Today’s radio biz to ENIL

    MUMBAI: The wait for TV Today Network, which has been looking at selling its radio FM business to Entertainment Network (India) Limited (ENIL) is finally over, but not with the result that the network was expecting.

     

    In a recent development, the Ministry of Information and Broadcasting (MIB) has declined its approval to TV Today Network to sell its radio FM business – Oye FM – to ENIL. The approval has been denied on the grounds that the proposed sale did not conform with the FM Radio Guidelines.

     

    TV Today today said that the “application made to Ministry of Information and Broadcasting (MIB), Government of India seeking its approval regarding the sale of Radio FM Business [Seven Radio Stations] to Entertainment Network (India) Limited, MIB by their order dated 1 May, 2015, received on 8 May, 2015, has declined its approval on the grounds that the proposal sale is not in conformity with the FM Radio Guidelines.”

     

    However, the company has reserved its right to seek appropriate legal remedy, as and when required.

     

    Further, a committee meeting of senior officials was held on 8 May to take note of the said order. “Keeping in view the said order, the committee has considered and approved the amendment letter to the Non binding Memorandum of Understanding to be signed between the Company and Entertainment Network (India) Limited,” a statement from the company read.

     

    It can be recalled that earlier in April, TV Today had approached the High Court with regards to the delay in MIB’s approval to sell the company’s FM radio business to ENIL.

     

    The network had then said, “In relation to the proposed sale of seven radio stations to Entertainment Network (India) Limited, since time is of essence and with approval of the MIB getting delayed, hence in order to expedite the matter, an urgent writ petition in the High Court is listed for hearing, to seek necessary relief.”

  • ENIL announces Q2-2014 middling results as compared to Q1-2014

    ENIL announces Q2-2014 middling results as compared to Q1-2014

    BENGALURU: The Bennett, Coleman & Co. Limited promoted Indian private FM player Entertainment Network (India) Limited (ENIL) which operates FM radio broadcasting stations through the brand Radio Mirchi in 32 Indian cities announced PAT of Rs 16.41 crore for Q2-2014, 17.6 per cent lower than the Rs 19.91 crore for Q1-2014, but a steep 59.3 per cent higher than the Rs 10.30 crore for the corresponding quarter of last year (Q2-2013).

     

    Standalone total revenue for ENIL for Q2-2014 was Rs 86.55 crore, about 1.5 per cent higher than the Rs 85.24 crore for Q1-2014 and 12.3 per cent higher than the Rs 77.09 crore y-o-y (Q2-2013).

     

    Last quarter (Q1-2014), ENIL announced that its shareholders had approved a dividend of 10 per cent for FY-2013.

  • Xbox 360 unveils TV shows and movies on Xbox Live

    Xbox 360 unveils TV shows and movies on Xbox Live

    MUMBAI: On its one-year anniversary Xbox 360, is digitally delivering an initial lineup of TV shows and movies to gamers in the U.S. via Xbox Live, the online games and entertainment network from Microsoft.

    Xbox Live Marketplace will now provide gamers with easy access to hundreds of full-length TV shows for download to own and movies for download to rent from CBS, MTV Networks, Paramount Pictures, Turner Broadcasting System, Inc. (TBS, Inc.), Ultimate Fighting Championship (UFC) and Warner Bros. Home Entertainment with more content rolled out through Xbox Live Marketplace every week, asserts an official release.

    Expected to be available in 37 countries, Xbox 360 continues to retain record game and accessory attachment rates, according to NPD.

    Xbox 360 is prepared with consoles readily available at retail along with a host of new accessories such as the Xbox 360 Wireless Racing Wheel, Xbox Live Vision camera and Xbox 360 HD DVD Player, and games such as Gears of War and Viva Piñata.

    Examples of the download-to-own TV shows and download-to-rent movies available on the network include the following:

    – CSI, CSI: Miami,CSI: New York, NCIS and Star Trek from CBS

    – Chappelle’s Show, Drawn Together and South Park from Comedy Central

    – Pimp My Ride and Punk’d from MTV

    – Avatar: The Last Airbender and SpongeBob SquarePants from Nickelodeon

    – Skyland and Invader Zim from Nicktoons Network

    – Chinatown, Star Trek VII: Generations, Patriot Games, Star Trek II: The Wrath of Khan, The Sum of All Fears, The Untouchables and We Were Soldiers from Paramount Pictures

    – Aqua Teen Hunger Force, Frisky Dingo, Harvey Birdman, Attorney at Law, Sealab 2021 and The Venture Bros. from Turner Broadcasting

    – Some of the fights from Ultimate Fighting Championship

    – Breaking Bonaduce and Hogan Knows Best from VH1

    – Perfect Storm, Poseidon, The Shining, Three Kings and V for Vendetta, as well as The Nine and Studio 60 on the Sunset Strip along with the CW show Veronica Mars from Warner Bros. Home Entertainment

    Using the family settings feature, parents and individuals can choose the video content that can be played on their family’s Xbox 360. With the availability of this new entertainment content, gamers now can set controls based on movie, TV and video ratings, or they can entirely block explicit and unrated video content for themselves or their children, adds the release.

    Pricing is competitive and will vary based on format, media type and whether the content is a new release movie or a classic feature film. High-definition TV shows will be 240 Microsoft points per episode, and standard-definition TV shows will be 160 Microsoft points per episode.

    New release movies in high definition will be 480 Microsoft points, and standard-definition new release movies will be 320 Microsoft points each. Classic feature films in high definition will be 360 Microsoft points, and standard definition will be 240 Microsoft points. After purchasing a high-definition TV show or movie, gamers can download the standard-definition version at no additional charge.

    Microsoft points can be purchased at retail or via Xbox Live. Gamers can get a 1600 Microsoft points card at retail for $19.99 or 1000 Microsoft points through Xbox Live for $12.50.

  • Radio Mirchi launches in Bangalore and Jaipur

    Radio Mirchi launches in Bangalore and Jaipur

    MUMBAI: Entertainment Network (India) Limited (ENIL), which runs radio stations by the brand name – Radio Mirchi, has launched FM radio stations in Jaipur and Bangalore under the same brand name.

    Radio Mirchi 105 FM (Jaipur) and Radio Mirchi 93.3 FM (Bangalore) have become the first private FM radio stations to be launched under the Phase II of radio privatisation.

    In the Phase II bidding process over 250 frequencies across 90 cities were successfully auctioned in a process that lasted five weeks in January and February this year. ENIL won 25 licenses in addition to the seven stations it already operates.

    ENIL managing director and CEO A P Parigi said, “ENIL had established a landmark by launching radio stations barely two months after the completion of the bidding process. This was due to the meticulous planning and speedy implementation by the team at Radio Mirchi. This would not have been possible without a proactive ministry of information and broadcasting and other agencies like the Wireless Planning Cell and SACFA that put various permissions on a fast track basis and made the launch of radio stations possible in a short period.”

    Under the Phase II rules, radio stations are permitted to commence broadcasting by way of interim transmission facilities in Mumbai, Delhi, Kolkata, Chennai, Bangalore, Hyderabad and Jaipur. ENIL is already present in Mumbai, Delhi, Kolkata and Chennai.

    The seven stations that ENIL already operates Radio Mirchi in the cities of Mumbai, Delhi, Kolkata, Chennai, Indore, Ahmedabad and Pune.