ITV

Tag: Goenka

  • MIPTV 2016: Deal making, the Goenka brothers and the Indian presence

    MIPTV 2016: Deal making, the Goenka brothers and the Indian presence

    Cannes: A 100 plus strong delegation has been making its presence felt at Reed Midem’s MIPTV 2016 in this picturesque small town of Cannes on the French Riviera. Thankfully the weather has held up and the skies have been clear on most days, excepting for one when it drizzled steadily throughout. Touts on the streets made a killing selling umbrellas. On other days, a nip in the air  forced everyone to bring out their cardigans and overcoats.

     

    But on Day 3 of the 50 plus year old market cum festival, the sun came out in all its glory with the temperature climbing up and television executives feeling its full blaze even as the deal making and the conferences and debates hotted up.

     

    MipTV, the festival-cum-market has attracted upwards of 10,500 participants, at a time when Europe has been grappling  with warning signs about it being a no-visit zone courtesy the terrorist attacks.

    For the Indians, the highlight of MipTV is the honouring of the two Goenka brothers – Punit and Amit Goenka (the scions of media entrepreneur Subhash Chandra) – with the Medialle des Honneurs on 6 April. Punit, who was supposed to come, could not make it on account of a family emergency, but Amit did.  This is the first time an Indian is being honoured as such by the French company Reed Midem.

    Additionally, the other high points have been an India format session moderated by Indiantelevision.com founder Anil Wanvari, and a session on 4K in which TravelXP CEO Prashant Chothani participated. Other panelists on the India session included: Ajay Nair (OML), Rahul Sangari (Grey Matter), GoQuest Media (Vivek Lath), and Yogesh Karikurve (ZeeTV).

    Indian companies such as Zee TV, Star India, GoQuest, Vedic Broadcasting, DQ Entertainment, Cosmos Maya, Eros Worldwide, Indiantelevision.com, Indiacast, Green Gold Animation, Rajshri Entertainment, are among those companies which have come on as exhibitors.

    Film producer Prasad Devineni who bankrolled the  Indian multilingual blockbuster film Bahubali and who also churns out many a TV show in the Telugu market made it to MIPTV to explore new avenues for his company Arka Media Works.

    Cosmos Maya CEO Anish Mehta was cock-a-hoop with delight about the deals his company had managed to sign on at MipTV.

    MIPTV also had some grand moments  like the premier  for Roots and The Story of God (Morgan Freeman), Morgan Spurlock’s keynote, the launch of MipDrama Screenings, the keynotes by author and writer Harlan Coben, Vivendi Content & Havas Media CEO Domiqnique Delport, RTL co-CEO Gullaume de Posch, Mattel COO & President Richard Dickson and Wildness chief strategy officer Margaret Czeisler.

    At the time of writing all eyes were turned towards the Medaille D’Honneur ceremony which was slated to be held late on the evening of 6 April.  Amit is expected to receive the award for himself and his brother in front of an audience consisting of leading global TV executives.

    In addition to Punit Goenka and Amit Goenka, three other distinguished TV industry leaders will receive Médaille d’Honneur in Cannes including:   Germany’s Studiocanal TV MD Rola Bauer,  Disney Media Networks global distribution president Ben Pyne from the US  and Mexico’s Comarex president Marcel Vinay. 

     

  • MIPTV 2016: Deal making, the Goenka brothers and the Indian presence

    MIPTV 2016: Deal making, the Goenka brothers and the Indian presence

    Cannes: A 100 plus strong delegation has been making its presence felt at Reed Midem’s MIPTV 2016 in this picturesque small town of Cannes on the French Riviera. Thankfully the weather has held up and the skies have been clear on most days, excepting for one when it drizzled steadily throughout. Touts on the streets made a killing selling umbrellas. On other days, a nip in the air  forced everyone to bring out their cardigans and overcoats.

     

    But on Day 3 of the 50 plus year old market cum festival, the sun came out in all its glory with the temperature climbing up and television executives feeling its full blaze even as the deal making and the conferences and debates hotted up.

     

    MipTV, the festival-cum-market has attracted upwards of 10,500 participants, at a time when Europe has been grappling  with warning signs about it being a no-visit zone courtesy the terrorist attacks.

    For the Indians, the highlight of MipTV is the honouring of the two Goenka brothers – Punit and Amit Goenka (the scions of media entrepreneur Subhash Chandra) – with the Medialle des Honneurs on 6 April. Punit, who was supposed to come, could not make it on account of a family emergency, but Amit did.  This is the first time an Indian is being honoured as such by the French company Reed Midem.

    Additionally, the other high points have been an India format session moderated by Indiantelevision.com founder Anil Wanvari, and a session on 4K in which TravelXP CEO Prashant Chothani participated. Other panelists on the India session included: Ajay Nair (OML), Rahul Sangari (Grey Matter), GoQuest Media (Vivek Lath), and Yogesh Karikurve (ZeeTV).

    Indian companies such as Zee TV, Star India, GoQuest, Vedic Broadcasting, DQ Entertainment, Cosmos Maya, Eros Worldwide, Indiantelevision.com, Indiacast, Green Gold Animation, Rajshri Entertainment, are among those companies which have come on as exhibitors.

    Film producer Prasad Devineni who bankrolled the  Indian multilingual blockbuster film Bahubali and who also churns out many a TV show in the Telugu market made it to MIPTV to explore new avenues for his company Arka Media Works.

    Cosmos Maya CEO Anish Mehta was cock-a-hoop with delight about the deals his company had managed to sign on at MipTV.

    MIPTV also had some grand moments  like the premier  for Roots and The Story of God (Morgan Freeman), Morgan Spurlock’s keynote, the launch of MipDrama Screenings, the keynotes by author and writer Harlan Coben, Vivendi Content & Havas Media CEO Domiqnique Delport, RTL co-CEO Gullaume de Posch, Mattel COO & President Richard Dickson and Wildness chief strategy officer Margaret Czeisler.

    At the time of writing all eyes were turned towards the Medaille D’Honneur ceremony which was slated to be held late on the evening of 6 April.  Amit is expected to receive the award for himself and his brother in front of an audience consisting of leading global TV executives.

    In addition to Punit Goenka and Amit Goenka, three other distinguished TV industry leaders will receive Médaille d’Honneur in Cannes including:   Germany’s Studiocanal TV MD Rola Bauer,  Disney Media Networks global distribution president Ben Pyne from the US  and Mexico’s Comarex president Marcel Vinay. 

     

  • Zeel’s Q1-2014 PAT up by 42.6 per cent (y-o-y)

    Zeel’s Q1-2014 PAT up by 42.6 per cent (y-o-y)

    BENGALURU: Content and broadcast player Zee Entertainment Enterprises Limited (Zeel) unaudited results for Q1-2014 reported a growth of 42.6 per cent ( y-o-y) PAT, with a PAT margin of 23 per cent at Rs 223.9 crore as compared to the Rs 157 crore during the corresponding quarter of FY-2013. Consolidated operating revenues were up 15.5 per cent (y-o-y) at Rs 973.3 crore during Q1-2014 from the Rs 843 crore reported for Q1-2013.

    Let’s take a look at Zeel’s Q1-2014 performance

    Advertising revenues for Q1-2014 were higher at Rs 530.1 crore, recording an 18.5 per cent growth over Q1-2013’s Rs 447.2 crore.

    Zeel’s subscription revenues for Q1-2014 were also up by 16.5 per cent at Rs 421.1 crore as compared to the Rs 361.1 crore during corresponding period last year. Zeel’s domestic subscription revenues stood at Rs 316.8 crore (up 26.5 per cent as compared to Q1-2013); while its international subscription revenues were Rs 107.3 crore for Q1-2014 (down 5.6 per cent y-o-y as against Q1-2013.

    Other sales and services revenues were down 39.7 per cent for Q1-2014 at Rs 19.1 crore as compared to Rs 31.7 crore during Q1-2013.

    Zeel’s operating costs increased 9.6 per cent to Rs 410.8 crore for Q1-2014 from Rs 375.7 crore in Q1-2013. Its employee costs increased 7.7 per cent to Rs 95.6 crore from Rs 88.6 crore during Q1-2013. Selling and other expenses saw a 20.7 per cent jump to Rs 175.4 crore during Q1-2014 from Rs 145.3 crore reported in Q1-2013.

    Zeel offered and allotted 55,48,400 equity shares at a price of Rs 119.90 per share upon exercise of ESOP by its employees during Q1-2014. During the AGM held in July 2013, Zeel shareholders passed a special resolution approving enhancement of FII limits in the company beyond the current limit of 49 per cent to the maximum sectorial limit allowed under FDI applicable regulations.

    Zeel chairman Subhash Chandra said, “The economy during the quarter has continued to face challenges due sharp depreciation in rupee against major currencies leading to elevated current account deficit, balance of payment, inflation and adverse fiscal deficit. In spite of this lackluster growth television media industry has posted a comparatively robust growth on back of sustained advertisement spends by the consumer goods sector.”

    “Our performance during the quarter reflects the investments that Zee is making to grow its business and market share. This has been accompanied by a strong improvement in operating performance of the company during the quarter. In a highly competitive space, Zee continues to build its media assets and in the process continues to create value for the shareholders. We have a strong balance sheet and I am confident that we would take advantage of the growth opportunities ahead of us,” added Chandra.

    Zeel managing director and CEO Punit Goenka said, “The subscription revenue during the quarter has shown robust increase and with digitization rollout, will improve medium term. Sports performance for the quarter has been good, but due to heavy sports calendar and rupee depreciation, the business is expected to be in losses for some time.”

    “The phased implementation of Trai regulation with respect to advertising inventory based on clock-hour has started and in expected to be fully in place by the end of second quarter, DAS in phase I and II also moved a step further with MSOs’ making substantial progress in capturing consumer data and taking first steps towards implementing packaging”, added Goenka.

    “While competitive intensity remains high in the Indian television industry, we continue to make efforts towards further enhancing our market share. Our content focused approach combined with better monetization of subscription revenues, will contribute to company delivering steady return in the years ahead”, added Goenka further.