ITV

Tag: general entertainment

  • Zeel Q2 PAT down by 58.3%; revenue up by 2.5%

    Zeel Q2 PAT down by 58.3%; revenue up by 2.5%

    Mumbai: Zee Enterprise Entertainment on Friday reported that second quarter revenue grew by 2.5 per cent to Rs 20,284 million compared to the same quarter in the previous fiscal. Q2 FY23 Ebitda (earnings before interest, taxes, depreciation, and amortisation) was down 28 per cent to Rs 2,973 million. It was impacted by slower growth in revenue and elevated investment in content, marketing, and technology. Ebitda margin was 14.7 per cent compared to 20.8 per cent for the same quarter in the previous fiscal. Profit after tax (PAT) fell by 58.3 per cent to Rs 1,128 million. Profit Before Tax fell by 50.7 per cent to $1,769 million.

    It said that a challenging macroeconomic environment continues to impact operating performance. Domestic ad revenues came in at Rs. 9,610 million, a decline of 7.7 per cent. Ad revenue growth was hampered by FTA withdrawal (Zee Anmol) and a difficult macroeconomic environment. Other sales and services revenue YoY is up 92 per cent aided by theatrical revenues and other syndication deals. Programming and technology costs increased due to higher theatrical releases, investments in Zee5 and higher programming hours in the linear business. Subscription revenue was up 4.2 per cent compared to the same quarter in the previous fiscal year.

    Q2 FY23 subscription revenues were aided by catch-up revenue from the previous quarter in the linear business and underlying organic growth in Zeee5 and music subscription revenues. Other sales and services revenue was up by 92 per cent aided by theatrical revenues and other syndication deals. The increase in marketing costs on a YoY basis is on account of new content launches and higher theatrical releases. Internationally, in Q2 FY23 ad revenue was Rs 518 million and subscription revenue was Rs 1,060 million.

    It stated that it would continue to invest in ZeeTV, Zee Marathi, Zee Tamil, and Movies in order to increase market share.

    Further, it strengthened its market position in Bangla, Odiya, Telugu and in the Kannada market. Q2 FY23 all-India TV network share was 16 per cent. QoQ it was up by 30 bps.

    Its OTT platform Zee5 reported Q2 revenues of Rs1,671 million, marking a 28 per cent growth over the same period in the previous fiscal. Zee5 global MAUs in Q2 FY23 were 112.4 million. This was an increase of 19 million over the same period in the previous fiscal year. The average watch time per month in Q2 FY23 was 198 minutes, an increase of 12 minutes over the same period in the previous fiscal. Over 66 shows and movies (including six originals) were released during the quarter.

    For Zee Studio, four Hindi and six regional movies were released during the quarter. Zeel also said that Zee Music Company is the second-largest music label with 89 million subscribers on YouTube.

  • Reliance Big Synergy CEO Rajiv Bakshi calls it quits, joins ZeeL

    Reliance Big Synergy CEO Rajiv Bakshi calls it quits, joins ZeeL

    KOLKATA: Reliance Big Synergy CEO Rajiv Bakshi has stepped down from his position. Bakshi has now joined Zee Entertainment Enterprises Ltd (ZeeL) as its chief operations officer – revenue. According to sources close to the development, he will report to ZeeL South Asia business president Rahul Johri.

    The Harvard Business School alumnus has more than 20 years of diverse work experience in business transformation, P&L and commercial operations, corporate strategy, brand management, product development, digital strategy and market expansions across varied industries.

    According to the source mentioned above, he will work towards achieving ZeeL’s revenue objectives by identifying and leveraging internal synergies across all linear and digital platforms. In his new role at ZeeL, Bakshi will lead the sales strategy and operations function. In addition to that, he will also be responsible for leveraging technology to augment the revenue vertical. He will drive the marketing initiatives and focus on strengthening relations with key external stakeholders and partners.

    Bakshi joined Reliance Big Synergy back in 2018. During his stint at the company, he led it to branch out the content studio across all genres with high focus on fiction while it was earlier known as a non-fiction powerhouse. Along with that, he aggressively scaled its hold over regional language shows as well. The company has produced content for Star Maa, Zee Punjabi, Dangal, Zee5 and many more under his guidance. Enterr10 TV Network’s Bhojpuri channel launched a social mythology series produced by Reliance Big Synergy in January, a genre where the production house never worked earlier.

    Under his leadership, the studio produced some of the top rated TV shows across national and regional networks  in Hindi, Telugu, Punjabi, Bhojpuri and other languages. More importantly, he pushed the business in the booming OTT segment as well to produce web series for both international and homegrown platforms.

    He was conferred the ‘CEO Of the Year’ 2020 award by the jury of World Brand Congress, World Marketing Congress and CMO Global. The award was given in recognition of Bakshi’s differentiated strategy to establish Reliance Big Synergy as a leading content development and production powerhouse in India.

    Earlier in his career, Bakshi also turned around Discovery Networks’ India and South Asia business as the head of products and marketing, and is credited for building its 11-channel portfolio.

  • Hathway launches 151 SD and 4 HD channels

    Hathway launches 151 SD and 4 HD channels

    MUMBAI: Hathway Cable & Datacom is doing all that is needed to enhance consumer experience. The multi system operator (MSO) has announced the launch of 151 additional Standard Definition (SD) channels and four new High Definition (HD) channels to their existing cable TV distribution network in Bengaluru and Mysore.

     

    With this, the number of channels now offered by Hathway is 442 including 31 HD channels. “Hathway now has the largest bouquet of SD and HD channels in Bengaluru and Mysore and covers the entire spectrum of south Indian channels (both paid and free to air),” says the statement released by the MSO.

     

    The MSO in order to enhance the regional flavour now also has a line-up of Kannada channels.  “We are the only MSO in Bengaluru to offer key regional TV channels in HD and now have 31 HD channels, which is the largest HD portfolio in Bengaluru,” reveals the release.   

     

    That apart, Hathway has also introduced its new HD digital set top box, which will deliver high quality HD video with Dolby Sound technology thereby enhancing the television viewing experience for its subscribers in Bengaluru and Mysore.

     

     “This is the single largest channel expansion in the country; more than 150 additional TV channel expansion at one go is unprecedented in India,” said Hathway Cable & Datacom MD & CEO Jagdish Kumar.  

     

    “We are the largest provider of digital TV services in Bengaluru and Mysore, thanks to the quality of our services and now with this channel expansion, we are in a position to cater to the diverse viewership demands of our subscribers in Bengaluru and Mysore,” he added.  

     

     This channel offering will be available to Hathway subscribers in Bengaluru, Bengaluru Rural and Mysore. Hathway is expanding to other cities in Karnataka and has already started services in various cities of North Karnataka.

     

    With on-going digitisation of the Indian cable television industry, “Hathway is committed to bringing compelling content to its consumers in India.”

     

    The MSO has launched Hathway – CCC, Hathway Entertainment and Hathway Movies. In addition to these, it will soon launch many more channels covering genres like general entertainment, kids, music, regional movies, lifestyle and adventure.

  • Another TV executive bites the TV producer bullet

    Another TV executive bites the TV producer bullet

    MUMBAI: With the general entertainment genre getting hyper-competitive, the demand for out of the box content is exploding. And nobody understands the needs of a channel’s creative and executive producers than somebody who has worked there before.

     

    Hence, it is no surprise that executives from channels are leaving their relatively comfortable jobs to turn entrepreneurs or partnering with producers as creative producers. Saurabh Tewari (Nautanki Films, Colors), Ranjeet Thakur, Hemant Ruparel (Frames, formerly with Zee TV), Bimal Unnikrishnan (India Dancing Superstar), Siddhartha Tewari and Vikas Seth (formerly with Sony). The latest to do so is Vaibhav Modi, formerly with Endemol and later Star Plus as non-fiction programming head.

     

    He put in his papers in September 2012, and set up his own production house calling it Bolt Media. His initiative is being funded by Ekta Kapoor’s Balaji Telefilms and hence it is being talked about as its subsidiary. Modi has taken along with him an old Star hand Rajkamal Patra as commercial head and has hired a team of creatives, production professionals and writers on a project basis.

     

    The production house has already wrapped up eight ad films for Kissan which were aired in March 2013 and featured Punar Vivah’s Kratika Sengar. Now it is working on two fiction shows one of which is in the mythological genre and the other in the historical documentary drama space

     

    Modi is loath to reveal any further details on the shows. All he was willing to say was that “Bolt Media was incorporated to independently create and produce cutting edge TV concepts across mainstream and regional television. We will be covering genres like youth, humour, neomythology, reality, scripted reality, factual entertainment besides exploring branded content like digital brand solutions and short form programming. We are also looking at creating intellectual property like TV formats, events and digital content. “

     

    Going by how other TV-broadcast-executives-turned-entrepreneurs have fared in the past, expect Modi to notch up success.

     

  • ‘2007: The Year of New Beginnings’

    ‘2007: The Year of New Beginnings’

    When I was asked to do a round up for the year gone by, only one word resonated in my mind – 2007 was the year of strong emergence for the Industry. It was a year when the media and entertainment Industry galloped ahead and consolidated its growth on many fronts such as animation, the kids’ space, licensing & merchandising, DTH and the ever increasing number of channels aggressively competing for a piece of the Indian TV pie.

    Kids’ television has been the catalyst for televised animation produced in India for some time now and will be one of the key drivers. Delightedly, the Indian Animation Industry seemed to have come of age in 2007 with the badshah of Indian entertainment, Bollywood discovering the potential of animation. In fact one of the greatest challenges that Cartoon Network faced when it pioneered kids’ television entertainment in India was to elevate animation to the level of general entertainment.

    Local animation talent pool is fast growing and the Industry got a further fillip with homegrown animation hits like Hanuman, Krishna movie series etc. International studios have also recognised the potential available in India and are increasingly outsourcing work, beyond the sweat shops to creative hot spots to animation studios here. In the coming years, one will surely see a huge spurt of growth in animation studios followed by an inevitable consolidation.

    Similar to Indian animation, the demand for original content in 2007 actively fueled customized content creation and production especially for kids. Reading the signs of the times to come, locally produced content in India would be created for a larger audience footprint, not restricted to India, offering a significant leverage of economies of scale to kids’ TV players here, both local and international.

    Acquisitions, whilst is a very critical part of this genre, but to be able to have a sustainable business model, there is an imperative need to owning Intellectual Properties. For e.g. the very successful original production on POGO – M.A.D is a classic example of how quality content that is well researched and creatively executed, is critical, as audience tastes are becoming increasingly sophisticated

    Television continues to be the dominant and the first medium of choice for kids. Kids spend on an average of two hours watching TV and have relatively very low preference for other media. (To be fair, they spend about the same time playing at home or outdoors as they spent watching TV). Source: New Generations TM

    So no wonder that we saw an outburst of kids’ television channels launching in the country, not very unlike what happened in the news’ television space a few years back. From a couple of channels in 1995, we now have nine kids’ channels in the country today, of which two new players joined in 2007.

    On a more professional note, 2007 really spelt “leadership” for Turner India, as our clear focus of the year was to constantly innovate and continue to rule the roost with each of our brands in India: CNN, Cartoon Network & POGO and we did succeed!

    • Even with seven kids’ channels in the country, Cartoon Network and Pogo continue to be #1 and #2, garnering almost 50% of channel shares in 2007! Cartoon Network and POGO accounted for 98 of the top 100 transmissions across all kids’ channels in 2007, up from 91 in 2006! Even the highest raters on kids’ channels – shows that rate 2+ TVRs – have exclusively been on Cartoon Network and POGO in 2007!
       
    • Ad sales for India and South Asia region achieved a new height with 32% growth, of which kids’ entertainment grew by 26%, HBO by 16%, CNN by 41% and Cartoon Network Pakistan by 73%!

    Our 2008 mission is to continue to blaze the trail and the lead the Industry from the front.