ITV

Tag: Movie Production

  • Aanand L Rai’s Colour Yellow names Harini Lakshminarayan as COO

    Aanand L Rai’s Colour Yellow names Harini Lakshminarayan as COO

    MUMBAI: Colour Yellow Productions, helmed by filmmaker Aanand L Rai, has appointed Harini Lakshminarayan as chief operating officer. She brings over two decades of experience in IP development, production and strategy to the Mumbai-based production house.

    In her new role, Lakshminarayan will oversee strategic operations and business development while maintaining the studio’s focus on storytelling and IP creation. She joins the company as it plans to expand its content slate across markets.

    “Harini brings a unique combination of creative foresight and strategic expertise that aligns perfectly with our mission,” said Colour Yellow Productions founder Aanand L Rai. “Together, we will continue to raise the bar for what Indian cinema can achieve in both domestic and global markets.”

    Lakshminarayan said she was excited to join the studio known for films like Raanjhanaa, Tanu Weds Manu, and Tumbbad. “Aanand L Rai’s incredible vision for storytelling that consistently pushes boundaries is truly inspiring,” she noted.

    The appointment comes as Colour Yellow, established over a decade ago, looks to build on its legacy of creating culturally rooted content that appeals to wider audiences. The studio has previously produced critically acclaimed films like Newton, Mukkabaaz and Shubh Mangal Saavdhan.

  • Amazon Prime Video forays into film production in India

    Amazon Prime Video forays into film production in India

    KOLkATA: In a landmark move for its India operations, Amazon Prime Video has announced its association with the upcoming Hindi movie Ram Setu as a co-producer alongside Cape of Good Films, Abundantia Entertainment and Lyca Productions. 

    Directed by Abhishek Sharma (Parmanu, Tere Bin Laden) and creatively produced by Dr. Chandraprakash Dwivedi (Prithviraj Chauhan), the film is an action-adventure drama that brings forward a story deeply rooted in Indian cultural and historical heritage. The film has a power-packed star-cast led by superstar Akshay Kumar and featuring Jacqueline Fernandes and Nushrratt Bharucha. Following its theatrical release, Ram Setu will soon be available for Prime members. 

    Amazon Prime Video India content director and head Vijay Subramanium said, “At Amazon Prime Video, every decision we take is from a customer-first perspective. Stories that are entrenched in Indian soil have often found an audience not only in India but across the world, and we are delighted to further take a step into co-producing by collaborating with a film that highlights our Indian heritage. Our collaboration with Vikram Malhotra and Abundantia Entertainment as well as with Akshay Kumar till date has been unique and highly successful; and with this step, we move into the direction of further deepening and strengthening our association. With an exemplary cast and a story that is unique yet steeped in history, we look forward to continuing to entertain our customers the world over.”

    Actor Akshay Kumar added, “The story of Ram Setu is one that has always intrigued and inspired me: it represents strength, bravery and love, and uniquely Indian values that have formed the moral and social fabric of our great country. Ram Setu is a bridge between generations past, present and future.I look forward to telling the story of a significant part of Indian heritage, especially for the youth and I am happy that, with Amazon Prime Video, the story will cut across geographies and strike a chord with viewers across the world.”

    Abundantia Entertainment founder & CEO Vikram Malhotra said, “In India, mythology, religion and history are deeply inter-twined. They form the nerve system of our nation and have always given us the foundation for great, epic storytelling. Ram Setu is a story formed on facts, science and historical heritage and is anchored in the deep belief of Indians since centuries We have had a wonderful association with Amazon Prime Video for our successful Amazon Original Series Breathe and Breathe: Into The Shadows as well as for films like Shakuntala Devi and the upcoming tentpole series – The End, also starring Akshay Kumar. I am thrilled to collaborate with Amazon once again for the opportunity to share this amazing story with a global audience.”

  • Disney enters 5-year production, post-production deal with Microsoft

    Disney enters 5-year production, post-production deal with Microsoft

    MUMBAI: The Walt Disney Studios (Disney) has entered a five-year deal with Microsoft to move key parts of its movie-making and distribution processes to the cloud. Under the new partnership, the initial focus will be on moving some of the studio’s editing to the cloud.

    According to a report from Variety, Disney’s StudioLab, an internal innovation incubation lab, will lead the deal. The ultimate goal is to use Microsoft’s Azure cloud platform all the way “from scene to screen”.

    “There are tons of benefits of being in the cloud,”  Walt Disney Studios chief technology officer Jamie Voris said as quoted by Variety. He also added that cloud-based editing will allow Walt Disney Studios to more easily collaborate across multiple locations. He explained that working collaboratively on the same project in the cloud will also cut down the need to store and administer many different copies of a file.

    “It really feels like we are at the tipping point for cloud in media and entertainment,” said Microsoft US president Kate Johnson. "We like to think of us as the platform cloud for media and entertainment,” she added further. Disney opted for Microsoft because other cloud competitors weren't as focused on the media space. 

  • FY-16: PVR PAT up nine-fold

    FY-16: PVR PAT up nine-fold

    BENGALURU: Indian motion picture exhibition, production and distribution house PVR Limited (PVR) reported more than nine-fold (9.3 times) profit after tax (PAT) for the fiscal ended 31 March 2016 (FY-16, current year, current fiscal) as compared to the previous fiscal FY-15. The company reported PAT of Rs 118.73 crore (6.3 percent margin of consolidated Total Income from Operations or TIO) as compared to PAT of Rs 12.76 crore (0.9 percent PAT margin of TIO). For fiscal FY-14, the company had reported PAT of Rs 50.39 crore (3.7 PAT margin of TIO).

    PVR’s consolidated TIO in the current year increased 26.5 percent to Rs 1,873.54 crore as compared to Rs 1,481.34 crore in FY-15. TIO plus other income in FY-16 increased 27.1 percent to Rs 1,896.99 crore from Rs 1,485.98 crore in FY-15.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    PVR’s total operating profit including other income (EBIDTA) in FY-16 increased 70.8 percent to Rs 358.09 crore (18.9 percent EBIDTA margin of total income including other income) as compared to Rs 209.67 crore (14.1 percent EBIDTA margin of total income including other income) in the previous year.

    Total Expenditure in FY-16 increased 19.5 percent to Rs 1,664.09 crore (88.8 percent of TIO) as compared to Rs 1,393.11 crore (13.2 percent of TIO) in FY-15. Film Exhibition cost increased 22.4 percent to Rs 418.96 crore (23.4 percent of TIO) in FY-16 from Rs 324.18 crore (23.1 percent of TIO) in FY-15. Employee Benefit Expense (EBE) in the current year increased 29.5 percent to Rs 185.30 crore (9.9 percent of TIO) as compared to Rs 143.04 crore (9.7 percent of TIO).Other expenses in FY-16 increased 30.9 percent to Rs 212.29 crore (11.3 percent of TIO) as compared to Rs 162.21 crore (11 percent of TIO) in the previous fiscal. Food & Beverages and other costs increased 16.3 percent to Rs 124.83 crore (6.7 percent of TIO) from Rs 107.38 crore (7.2 percent of TIO) in FY-15.

    Segment Revenue

    Three segments contribute to PVR’s revenues.

    The largest segment – Movie Exhibition reported 26.3 percent growth in operating revenue in FY-16 at Rs 1,730.09 crore from Rs 1,370.39 crore in the previous year. The segment reported more than double operating profit 2.34 times) of Rs 206.51 crore in the current fiscal as compared to Rs 88.23 crore in the FY-15

    Movie Production and Distribution segment reported 59.1 percent growth in FY-16 at Rs 81.50 crore as compared to Rs 51.23 crore in FY-15. The segment’s operating profit in the current year increased 5.1 percent to Rs 2.88 crore from Rs 2.74 crore in FY-15.

    PVR’s ‘Other’ segment which includes bowling, gaming and restaurant services reported 3.9 percent increase in revenue in FY-16 at Rs 76.85 crore as compared to Rs 73.96 crore in the previous fiscal. The segment reported operating profit of Rs 0.1 crore as compared to an operating loss of Rs 2.80 crore in FY-15.

    The board of directors of PVR have approved a dividend of Rs 2 per equity share of face value of Rs 10 each

  • FY-16: PVR PAT up nine-fold

    FY-16: PVR PAT up nine-fold

    BENGALURU: Indian motion picture exhibition, production and distribution house PVR Limited (PVR) reported more than nine-fold (9.3 times) profit after tax (PAT) for the fiscal ended 31 March 2016 (FY-16, current year, current fiscal) as compared to the previous fiscal FY-15. The company reported PAT of Rs 118.73 crore (6.3 percent margin of consolidated Total Income from Operations or TIO) as compared to PAT of Rs 12.76 crore (0.9 percent PAT margin of TIO). For fiscal FY-14, the company had reported PAT of Rs 50.39 crore (3.7 PAT margin of TIO).

    PVR’s consolidated TIO in the current year increased 26.5 percent to Rs 1,873.54 crore as compared to Rs 1,481.34 crore in FY-15. TIO plus other income in FY-16 increased 27.1 percent to Rs 1,896.99 crore from Rs 1,485.98 crore in FY-15.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    PVR’s total operating profit including other income (EBIDTA) in FY-16 increased 70.8 percent to Rs 358.09 crore (18.9 percent EBIDTA margin of total income including other income) as compared to Rs 209.67 crore (14.1 percent EBIDTA margin of total income including other income) in the previous year.

    Total Expenditure in FY-16 increased 19.5 percent to Rs 1,664.09 crore (88.8 percent of TIO) as compared to Rs 1,393.11 crore (13.2 percent of TIO) in FY-15. Film Exhibition cost increased 22.4 percent to Rs 418.96 crore (23.4 percent of TIO) in FY-16 from Rs 324.18 crore (23.1 percent of TIO) in FY-15. Employee Benefit Expense (EBE) in the current year increased 29.5 percent to Rs 185.30 crore (9.9 percent of TIO) as compared to Rs 143.04 crore (9.7 percent of TIO).Other expenses in FY-16 increased 30.9 percent to Rs 212.29 crore (11.3 percent of TIO) as compared to Rs 162.21 crore (11 percent of TIO) in the previous fiscal. Food & Beverages and other costs increased 16.3 percent to Rs 124.83 crore (6.7 percent of TIO) from Rs 107.38 crore (7.2 percent of TIO) in FY-15.

    Segment Revenue

    Three segments contribute to PVR’s revenues.

    The largest segment – Movie Exhibition reported 26.3 percent growth in operating revenue in FY-16 at Rs 1,730.09 crore from Rs 1,370.39 crore in the previous year. The segment reported more than double operating profit 2.34 times) of Rs 206.51 crore in the current fiscal as compared to Rs 88.23 crore in the FY-15

    Movie Production and Distribution segment reported 59.1 percent growth in FY-16 at Rs 81.50 crore as compared to Rs 51.23 crore in FY-15. The segment’s operating profit in the current year increased 5.1 percent to Rs 2.88 crore from Rs 2.74 crore in FY-15.

    PVR’s ‘Other’ segment which includes bowling, gaming and restaurant services reported 3.9 percent increase in revenue in FY-16 at Rs 76.85 crore as compared to Rs 73.96 crore in the previous fiscal. The segment reported operating profit of Rs 0.1 crore as compared to an operating loss of Rs 2.80 crore in FY-15.

    The board of directors of PVR have approved a dividend of Rs 2 per equity share of face value of Rs 10 each

  • Sahara One reports y-o-y flat results, net profit down for Q1-2014

    Sahara One reports y-o-y flat results, net profit down for Q1-2014

    BENGALURU: Television and motion picture operator Sahara One Media and Entertainment Limited (Sahara One) has reported disappointing results for Q1-2014. Total income, including income from operations and other income in Q1-2014 was almost flat at Rs 30.32 crore as compared to the Rs 30.36 crore for Q1-2013. Total income for Q4-2013 was Rs 28.2 crore.

    Sahara One’s net profit for Q1-2013 at Rs 1.21 crore for Q1-2014 was 32.02 per cent lower than the Rs 1.78 crore for Q1-2013. For Q4-2013, Sahara One reported a loss of Rs (-1.74) crore.

    Let us look at the other figures reported by Sahara One for Q1-2014
    Income from operations for Q1-2014 at Rs 27.42 crore was 6.73 per cent lower than the Rs 29.40 crore for Q1-2013, and marginally higher (by 3.35 per cent) than the Rs 26.53 crore for Q4-2013.

    Other income at Rs 2.9 crore was significantly higher (almost three times) the Rs 0.96 crore for Q1-2013 and was 74 per cent more than the Rs 1.67 crore for Q4-2013.

    Expenditure for Q1-2014 at Rs 28.54 crore was 2.92 per cent more than the Rs 27.73 crore for Q1-2013 and almost flat as compared to the expenditure of Rs 28.63 crore for Q4-2013.

    A major portion of the expenditure for Sahara One is Purchase of Content. The company paid Rs 21.73 crore in Q1-2014 for Purchase of Content, 16.23 per cent lower than the Rs 25.94 crore for Q1-2013 and 18.1 per cent lower than the Rs 26.53 crore for Q4-2014.

    Two segments bring in the revenue for Sahara One – Television and Movie Production.

    Revenue from Television for Q1-2014 at Rs 28.26 crore was 5.7 per cent lower than the Rs 29.97 crore for Q1-2013, but 3.6 per cent higher than the Rs 27.27 crore for Q4-2013. The segment result for Television at Rs 2.49 crore was less than half (45.52 per cent) of the Rs 5.47 crore for Q1-2013, but more than two and a half times the Rs 0.96 crore for Q4-2013.

    Motion pictures segment had revenue of just Rs 0.013 crore for Q1-2014 as compared to the Rs 1.53 crore for Q1-2013. The segment reported no revenue for Q4-2013. Motion pictures segment reported a loss of Rs (-0.16) crore which was more than six times less than the Rs (-1.01) crore for Q1-2013 and 58.74 per cent of the Rs (-0.27) crore for Q4-2013.

    Capital employed in Q1-2014 by the Television segment at Rs 57.95 crore was 55.56 per cent more than the Rs 37.25 crore in Q1-2013 and 18.76 per cent more than the Rs 48.79 crore for Q1-2013.

    Capital employed by the Motion pictures segment in Q1-2014 at Rs 86.17 crore was 6.12 per cent more than the Rs 81.20 crore for Q1-2013 and flat as compared to the Rs 86.09 crore for Q4-2013.

    Unallocated capital employed at Rs 149.77 crore was substantially lower (11.91 per cent) than the Rs 170.71 crore for Q1-2013 and 6.84 per cent lower than the Rs 159.79 crore for Q4-2013.

  • PVR announces blockbuster results for Q1-2014

    PVR announces blockbuster results for Q1-2014

    BENGALURU: Indian motion picture exhibition, production and distribution house PVR Limited (PVR) today declared stellar results for Q1-2014.

     

    Let us take a look at the performance for Q1-2014

     

    PVR’s consolidated revenues for Q1-2014 were Rs 337.3 crore as compared to Rs 180.7 crore during the corresponding period of last year (Q1-2013), up by 87 per cent. Consolidated EBITDA for Q1-2014 was Rs 61.4 crore as against Rs 34.6 crore in the same period last year, up by 78 per cent. Consolidated PAT for the quarter was Rs 13.9 crore in Q1-2014 as against of Rs 7.8 crore in the same period last year, up by 79 per cent.

     

    Correspondingly, PVR’s profit before tax for Q1-2014 grew by 64.5 per cent to Rs 19.7 crore from Rs 11.98 crore in Q1-2013. PVR had reported a loss of Rs 17.94 crore for Q4-2013.

     

    Net total income from operations for Q1-2014 was Rs 208.54 crore, up 29 per cent from the Rs 161.29 crore reported for Q1-2013 and 43 per cent higher than the Rs 146.2 crore reported for the preceding quarter (Q4-2013).

     

    Total expenses at Rs 183.16 crore were up 25.7 per cent from the Rs 145.68 crore during Q1-2013 and up 23.5 per cent as compared to the Rs 148.34 crore for Q4-2013.

     

    PVR says that its exhibition business in Q1-2014 grew on back of strong same store growth, addition of new multiplex properties and Cinemax multiplex circuit (post acquisition in January 2013). The revenue growth was driven by strong box office, food and beverage revenues and advertising revenues.

     

    Revenues from PVR’s movie exhibition more than doubled (grew by 111.5 per cent) at Rs 313.08 crore in Q1-2014 as compared to the Rs 148.05 crore reported for Q1-2013. Revenues for Q1-2014 were higher by 47.1 per cent as compared to the Rs 212.85 crore revenues that the company reported for Q4-2013.

     

    The other contributing segment to profits was ‘Others (includes bowling, gaming and restaurant services)’, revenues from which almost doubled (grew by 98.2 per cent) for Q1-2014 to Rs 18.91 crore from the Rs 9.54 crore reported for Q1-2013 and grew by 17.6 per cent as compared to the Rs 16.98 core revenues reported for Q4-2013. Segment results from the Movie production and distribution recorded a loss of Rs 0.96 crore for Q1-2014.

     

    During Q1-2014, PVR says that it had Rs 1.52 crore footfalls in its cinemas, up by 17 per cent as compared to corresponding quarter of previous year (Q1-2013). The average ticket price across the cinema circuit also grew by 10 per cent on the back of strong content and flexible pricing launched by company in various markets. Food and beverage revenues grew by 37 per cent over corresponding quarter of previous year. Sponsorship revenues also showed a stellar growth of 60 per cent over corresponding quarter of previous year.

     

    PVR chairman cum managing director Ajay Bijli said, “The revenues and profitability in the quarter has shown a robust growth over the same period last year. The integration of PVR & Cinemax at operating level is progressing well and the management is focusing on driving synergies from the combined scale of operations which is reflecting in the market share and the reported results. The string of big budget Bollywood Films like Chennai Express, Once upon a Time in Mumbai Again, Satyagraha, Krrish 3, Dhoom 3, Boss, Beshram, Singh Sahab the Great, Bullet Raja etc., will further augment the strong box office performance for the remainder of FY 2013-14.

     

    The company is bullish on its expansion plans and says that it intends to add 85-90 screens in FY 2013-14. During the Q1-2014, PVR added five properties with 35 screens across Kochi, Mumbai, Bangalore, Chandigarh and Delhi. On a combined basis, PVR and Cinemax have a network of 383 screens spread over 89 properties in 35 cities across the country.

  • Subhash Chandra to address Bombay Chamber

    Subhash Chandra to address Bombay Chamber

    MUMBAI: Essel Group of Industries chairman Subhash Chandra Goel will address the Bombay Chamber’s Managing Committee members on 10 October. The topic that he will throw light on through his own experiences and insights is ‘Leadership in Media and Entertainment Business’.

    Subhash Chandra is a business leader, also known as the media Czar, the founder chairman of Essel Group of Industries having a market capitalisation of approx US $1.7 billion. The Essel Group of Industries is into diversified businesses like, entertainment parks, satellite television, cable TV distribution, movie production, multiplexes, education, animation, publishing, packaging, satellite and latest online Lottery.

    His distinguished audiences will include leading corporate honchos and business tycoons, informs an official release.

    This talk is the part of the series of meetings planned by the Bombay Chamber with the aim of bettering the business environment and to equip its established members to conquer newer heights.