Tag: Mukesh Ambani

  • Epic set to build 10 pm slot with second phase of programming

    Epic set to build 10 pm slot with second phase of programming

    MUMBAI: “Given the kind of content we are doing, we are never going to be at the level of a general entertainment channel (GEC), but a segmented one,” says Epic Television Networks managing director Mahesh Samat.

     

    Launched on 19 November, 2014, the channel offers content set against the backdrop of Indian history, folklore and mythology, in a contemporary format.

     

    Mukesh Ambani, Anand Mahindra and Rohit Khattar are the three promoters of the company.

     

    Mahindra & Mahindra chairman and managing director Anand Mahindra, during the launch of the channel had said, “The landscape of Hindi entertainment is undergoing a dramatic transformation and in order to appeal to an evolved audience, and to sustain their engagement, there is a need for a revolution in the broadcast space.”

     

    The pay channel, available in down-scaled SD version, aimed to change the way entertainment is currently categorised.

     

    After successfully running the first phase of programming with new-breed of producers like Bolt Media, Green Light Production and Pride Rock Television among others giving their take on the contemporary age-old stories, the channel is now set to roll out its second phase of new programming.

     

    Epic launched with shows like Dariba Diaries, Siyaasat, Dharmakshetra, Yam Kisi Se Kam Nahin, Ekaant and Raja Rasoi Aur Anya Kahaniyaan among others.

     

    A journey with highs & lows

     

    According to Samat, the seven months journey while has been through its ups and downs but is satisfactory. He says that when he started Epic, the objective was to set up a segmented channel in the space of history and mythology to make viewers believe that there is an alternative in television that they could include in the basket of their favourite channels.

     

    It can be noted that Epic garnered 1,240 GVTs in its debut week (ratings of four days) and later saw an improvement till a few weeks but then started dipping in viewership.

     

    However, the social media has attracted good eyeballs with close to 165,000 likes on Facebook and Twitter with close to 4,000 followers.

     

    “To a fair degree we have achieved that because we have a core group of users and viewers who are fans of the channel. The nice thing is if you see the social chatter, the amount of support and likes we are getting is sometimes overwhelming,” says Samat.

     

    The ascending social media traction has however failed to make the same impact on ratings. “It’s not yet reflected in the ratings because our awareness level is still low but we hope to correct that with this campaign and we hope the awareness level goes up.”

     

    At the time of the launch, the channel had set a target to reach 35 million homes and to go up to 45-50 million homes in a few months and it is pretty much on target.

     

    According to Samat, distribution has not been an issue. “Distribution platforms have been very supportive and they see the differentiation. They see in Epic an opportunity to grow their Average Revenue Per User (ARPUs) which is really important for them and we also recognise that,” he informs.  

     

    The channel aims to launch its High Definition (HD) version soon. “We feel that the quality of what we have done does full justice in HD. But we understand that there are bandwidth constraints and as soon as those constraints are over, we will be happy to show the product in HD,” reasons Samat.

     

    Building 10 pm slot

     

    Sticking to its two-hour original programming per day, the channel is set to launch close to eight new shows in the second phase and will stay with its positioning of producing history and mythology content.

     

    This new season of programming is more relevant and connected as it talks about topics which are culturally in the mainstream like Bollywood, cricket and old stories of Tagore.

     

    To start with, India has two religion- Bollywood and cricket. When these two collide, magic fills up the stage. With this in mind, the channel is set to launch Mid-Wicket Tales with Naseeruddin Shah as the host. The show will launch on 10 July and will air every Friday at 10 pm.

     

    This 26 episode series will focus on the yesteryears of the game- match highlights, sportsmanship within the game, stadiums, hits and misses and much more, attempting to re-visit all the wonderful memories of the nation’s first love.

     

    The show recounts the cricketing saga that begins in the dusty fields of colonial 19th century India and ends with India as the epicenter of cricket in the world through old footage, witnesses and newspaper archives. It even talks about the torch that was first carried by Maharaja Ranjitsinghji to present-day hero Mahendra Singh Dhoni.

     

    “We felt that here is an opportunity to expand our awareness, expand the understanding of Epic through these celebrities who are either anchors or producing these shows,” informs Samat.

     

    Secondly, veteran Bollywood scriptwriter and lyricist Javed Akhtar will be hosting the new show, Jaane Pehchaane with Javed Akhtar. It is slated to launch on 8 July and will be aired every Wednesday and Thursday at 10 pm.

     

    It is a show about the trajectory of characters within films and not the history of actors or other film personalities. In this, Javed Akhtar explores iconic themes of Bollywood cinema, from vamps to villains, friends to family and their relations, and more.  Akhtar known to create magic with his play of words, shares insightful opinions, anecdotes as well as his experience about the most powerful characters of Indian cinema on the show.

     

    Thirdly, it will launch Stories By Rabindranath Tagore directed by Anurag Basu that will launch on 6 July and will air every Monday and Tuesday at 10 pm. The series will depict the literary, somewhat imagined world of Tagore’s novels and short stories. It is set in a politically volatile period, constantly shifting social world of the early twentieth century undivided.  The novels will be approximately two-three episodes and the short stories will be of a single episode. Each story will follow the other in a seamless way, before one story ends the other will begin from the narration of the previous story itself.

     

    Samat reveals that it took 18 months from planning to execute of Rabindranath Tagore show. The other two series mentioned above, were developed in close to six months.

     

    Samat believes it is a very organic way of using celebrities. The channel during the research realised that while there is a large chunk of audience available at the 10 pm slot, they are very experimental. “The 10 pm slot is the most experimental slot, so we decided to take serious note of that. We are trying to get consumers through our actions, making them aware of programming and positioning of Epic and directing them to the 10 pm slot.”

     

    Moreover, it will be launching second season of three of its successful shows, Ekaant, Raja Rasoi Aur Anya Kahaniyaan and Epic Ke Dus. It is also launching Time Machine, a show where three invitees living on the wrong side of the law, find themselves being blackmailed by a mysterious genius. It starts from 8 July, airing every Wednesday at 9 pm.

     

    The channel has also locked a concept with dancer-actor Javed Jafrey. Christened Back to Flashback, Jafrey will be seen giving his take on the songs of 90s.

     

    For Samat, it was two like-minded groups meeting which ensured there were no challenges in getting the celebrities on-board. “They all were interested in the subject. In fact, Basu was wanting to do Rabindranath Tagore stories for a long time on television and Epic gave him the platform to do it,” says Samat.

     

    On the other hand, he strongly believes that there is an advantage in doing limited number of episodes. “This made getting great talents on-board even easier,” he adds.  

     

    According to Samat, television in India is a mass medium and as makers one needs to create content that caters to the entire family. But for this segmented channel, it the secondary level of filter: audience aged between 24-44 years, which is important.

     

    “A lot of research was done when we launched. What we found was that we are very emotionally attached to our history and mythology and that’s unique to us as Indians. This is why when we put up these stories, there is a pride which comes with it and that’s what our mission is– to deliver pride through our storytelling,” asserts Samat.

     

    The idea for the channel is to provide an alternative form of entertainment. According to Samat, consumers are not watching only one or two channels, but a basket of channels; some are appointment viewing, while some come when they are in the mood to watch. “For us, it is really important to be in that basket of channels,” states Samat.  

     

    GECs have a ‘soapification’ of mythology

     

    Samat feels that historical and mythological shows have always been a part of the general entertainment channels offering. Even four-five years ago, one-sixth of the shows were historical and mythological ones. So, he believes the genre is here to stay and is not going anywhere.

     

    He feels that the GECs’ take on the genre is quite different than that of a segmented one. “Their take is still in the realms of relationships or what one can call as ‘soapification’ of mythology. What we are trying to do is using a different kind of storytelling with limited number of episodes which by definition therefore will be narrative rhythm.”

     

    The reality is that people like soaps. He feels that urban India is walking away from television as a concept because they see sameness.

     

    Samat believes that digitisation in television is like the multiplexing of cinemas. “With digitisation, we are also going to see an expansion in the kind of television channels and content that can be shown. I feel that while soaps are liked by a large majority of Indians, the same people don’t always want to see only soaps,” opines Samat.

     

    Multi-dimensional campaign

     

    To promote the second run of the programming, the channel has used digital medium aggressively. With the #DoThe10, it generated decent responses and a lot of involvement from the users. Apart from this, promos of the shows have hit the television screens.

     

    As was first reported by Indiantelevision.com, the channel an app to cater to international markets. “There’s lot of discussion around it, we don’t know how things will fall out. Through the app, we are pointing out to the Indian diaspora, living abroad. Our broadband infrastructure is still limited and so the focus we will have of our app will be for outside India.”

     

    A lot of the channel’s content has a great library value. For example, Epic ran the repeat episodes of Raja Rasoi and Ekaant and kept repeating the episodes for the result. “Every single time, the channel aired repeats of these shows, it garnered a better viewership than previous telecast. While that helped increase our reach, we also understood that people don’t mind watching it again and again. For a lot of content we do, we keep in mind the importance of our library value. It should be like show today and not worth tomorrow, which is why, none of our content is available on YouTube,’ says Samat.  

     

    Overall, between the advertisers and media agencies, Samat says that while all have liked the channel, they are now waiting to see the viewership pattern with the second phase of programming. “We are currently not approaching advertisers heavily, because we want our numbers to improve so that we get better advertising rates,” he informs.

     

    With digitisation, he feels there will be more transparency, which is important for an independent channel like Epic. “We don’t have any analogue distribution. We are focused only on digital and as digital grows, we will grow. The channels that are on analogue won’t see much growth but only transparency, we will see both,” concludes Samat. 

  • Mukesh Ambani to invest Rs 250,000 crore for ‘Digital India’

    Mukesh Ambani to invest Rs 250,000 crore for ‘Digital India’

    MUMBAI: The country’s telecom giants have committed to Prime Minister Narendra Modi’s ambitious plan to connect 2.5 lakh villages across India by 2019 at the launch of ‘Digital India Week’ in New Delhi.

     

    Reliance Industries chairman Mukesh Ambani began his address stating how, for the first time, the government, which usually lags behind industries, has taken a step ahead of them by conceiving ‘Digital India’. “Historically, the industry has moved faster than government in India, but with the ‘Digital India’ scheme, the government has overtaken the industry,” he said.

     

    “The youth today aspires for merit based opportunities and progress which ‘Digital India’ will ensure them and we at Reliance Industries commit to achieving that goal with an investment of Rs 250,000 crore,” Ambani announced.

     

    Addressing the infrastructure aspect, Ambani revealed his plans to create an all IP next generation wireless broadband infrastructure across all 29 states in India. Secondly, Reliance Jio will set up a nationwide distribution network that will enable 150,000 small electronic retailers to sell and service smartphones and internet devices.

     

    Not just that, Reliance Jio is in talks with leading device manufacturers to invite them to make smartphones and internet devices at an affordable rate in India. “We will give them assured off-take from our retail system,” said Ambani, who stressed that his company is committed to make necessary investment and strongly partner with central and state government on e-governance, and other services that ‘Digital India’ will provide.

     

    Though Mukesh Ambani set quite high standards for investors in their contribution to ‘Digital India,’ others who followed him didn’t fail to make their promises worth looking forward to.

     

    Take his brother Anil Ambani for example.  While most of the business leaders focused on manufacturing and infrastructure to penetrate in the remote areas, Anil Ambani addressed an important aspect of ‘Digital India’: a paper-free India powered by a gigantic database.

     

    “A crucial prerequisite to Digital India’s success is the availability of unlimited cloud computing power, whose building block is a digital database of the mission,” pointed out Anil Ambani.

     

    Reliance Group is the largest provider of data center facility, with its 11 data center connected by India’s largest terrestrial fiber network and world’s largest submarine cable structure, which Anil Ambani plans to double to 1.2 million sq ft in two years.

     

    The Reliance Group chairman also announced a first of its kind initiative — five fully operational cloud exchange points. “Each of these will give government departments 240 times the computing power currently available to their data centers and their efficiency  will scale up 100 per cent in every 90 days, as ‘Digital India’ will gather momentum,” he said, followed by an investment promise of Rs10,000 crore to the project.

     

    Bharati Airtel too assured a ‘meaningful contribution’. Bharati Enterprises chairman Sunil Bharati Mittal said, “We at Airtel are fully committed to stand by the government’s revolutionary initiative in the digital space. We plan to invest in excess of Rs 100, 000 crore or USD 16 billion in infrastructure in rural and urban regions alike. We also plan to make 4G available to the masses.”

     

    Mittal hailed Modi as a ‘digitally native man’ and the right person to lead India in this digital revolution. He also mentioned about Bharati Enterprises’ active involvement in promoting eHealth in villages and also collaborate with manufacturers to start making devices and services within India.

  • CNN-IBN to split; Turner explores opportunity for new partner

    CNN-IBN to split; Turner explores opportunity for new partner

    MUMBAI: Turner Broadcasting System owned American giant CNN’s tie up with Reliance Industries’ TV18 will cease to exist, come January 2016.

     

    Amidst speculations of various possible team ups CNN International chief commercial officer Rani Raad informs Indiantelevision.com, “The partnership ran the natural course of its agreement and a mutual decision was made to chart our own respective growth independently. We are very proud of what we have co-created with TV18 for the Indian market.”

     

    In an official media statement Network18 Group CEO A.P. Parigi said, “The last decade has seen a lot of momentum in the Indian media industry and has been particularly exciting for us. During this time we witnessed two media houses coming together to redefine the way news is presented to a demanding audience; we at TV18 have benefited from this relationship with CNN. At the launch of the channel, TV18 was a relatively small organisation; that has changed now.  Network18 has grown from two news channels in 2005 to 17 news channels in 2015. Today, we have the largest footprint in the current affairs, regional and business news space in India.  The TV18 line-up of channels today are well established and highly regarded in this dynamic, complex and challenging environment.”

     

    The venture is yet to come to a consensus and is currently exploring all the options. “CNN remains deeply committed to long-term participation in India, one of the world’s largest and most vibrant media markets. As is the natural course of business, we continue to explore opportunities in India and every other important market around the world. Our #1 international news brand in Asia Pacific and the rest of the world, and the winner of multiple prestigious awards, CNN International, continues to lead and serve consumers in India with the best of global news content across multi-platforms,” informs Raad. 

     

    With media reports suggesting a possible tie-up between CNN and Zee Media Corporation Limited (ZMCL), a source close to the development says, “Yes, CNN is in talks with ZMCL. But, it will be premature to say that the deal has been locked, as CNN is speaking to other players in the market as well.”

     

    The partnership started in 2005 with CNN Turner International signing a deal with TV18 group company Global Broadcast News (GBN), which was then headed by journalist Rajdeep Sardesai. This marked the launch of CNN-IBN. Last year, Mukesh Ambani owned Reliance Industries took total ownership of Network 18 Media which was founded by Raghav Bhal in 1993.

  • Reliance says allegations against Jio Chat ‘unfounded and malicious’

    Reliance says allegations against Jio Chat ‘unfounded and malicious’

    MUMBAI: Mukesh Ambani’s Reliance Jio Infocomm has said that statements against its Jio Chat application, which alleged that it sends user information to China based servers, are “unfounded and malicious” and that it fanatically respects and adheres to the privacy, security, and confidentiality of its users’ information.

     

    The Jio Chat app has seen over a million downloads since its launch earlier this year. Reliance Jio Infocomm believes that the analysis published was a deliberate attempt to sensationalize the issue by conveniently highlighting irrelevant portions of the APK script and malign this app.

     

    “We have seen various comments online by anonymous users and other aliases that question the integrity and security of the Jio Chat app. As a rule, we prefer not to respond to gossip and innuendo; however, we want to assure our users that Jio Chat takes privacy and security very seriously,” Reliance Jio Infocomm said in a statement.

     

    The company said that all Jio Chat data and associated servers are hosted physically in Reliance Jio data centers in India and no data travels outside of India from Jio Chat servers.

     

    “As part of standard development practices, the code base has reference to a number of servers, in the comment area. This is not executable code, meaning these references are not used by the application while running. Proper and complete examination of the code would show that the app does not transfer data to any servers outside of India. Within the developer community, it is well understood that decompiled snippets of code is not indicative of how the application actually functions with respect to end users and associated data transfer. “Anonymous” posters often raise false alarms by quoting items such as this out of context,” the statement added.

     

    Concern was also raised regarding references to Chinese map APIs. To counter this, the company said, “Jio Chat is a global application. It is well known that China does not support Google Maps (or for that matter, any Google applications). Thus, for location-based services within China, a Chinese-based mapping service is required. This is a common practice for any app wishing to provide location-based services within China. However, when used Globally, JioChat (outside of China) always uses Google Maps. (This can be checked by anyone by using Jio Chat Location Sharing function).”

     

    The company further clarified that Jio Chat was developed by developers across the world, including India. “Occasionally these developers use their native language while writing comments within the APK to better understand the problem. We are committed to having the best talent working on our products, regardless of race, nationality, gender, or native tongue. India embraces diversity, and, as a company, we do too,” the company said.    

  • MIB issues provisional MSO licence to Reliance Jio

    MIB issues provisional MSO licence to Reliance Jio

    MUMBAI: The wait is finally over for the Mukesh Ambani led Reliance Jio, as the company has finally got the provisional multi system operator (MSO) licence from the Information and Broadcasting Ministry (I&B). The licence was given on 17 June, 2015. 

     

    While I&B Ministry sources refused to comment on giving any such provisional licence, a source from the company confirmed the news saying, “We got the provisional MSO licence on 17 June.” 

     

    The telecom arm of Reliance Industries, Reliance Jio had applied for pan-India MSO licence in January 2015.

     

    This comes soon after the I&B Ministry decided to give provisional licence to MSOs who had applied for licences to operate in phase III. It can be recalled that in October 2014, the Ministry had decided to do away with the system of granting provisional licences and only giving permanent licences in order to ensure that only serious players entered the phase III and IV markets. 

     

    While, the Ministry had then said that it along with the Ministry of Home Affairs (MHA) will process the MSO security clearance within 90 days, the same has not been followed. This resulted in the I&B going back to granting provisional licences.

     

    Through a notice on 11 June, 2015, the Ministry accepted the delay in granting of security clearance by the MHA and so asked the close to 700 MSO licence applicants to file their application in an affidavit. Through the affidavit, the applicants had to commit that they have no criminal cases pending against them, and that they will shut down if they are refused security clearance. 

     

    “While we have got the provisional licence, now the MHA will come up with its guidelines, which we will need to follow to get the permanent licence. The reason that a provisional licence has been given is because the MHA was taking a lot of time to give security clearance,” said the source from the company.

     

    It can be noted that two of the pioneers of Indian cable TV sector: K Jayaraman and SN Sharma have already joined Reliance Jio and will be spearheading its business in the country.  

     

    Reliance Jio 4G rollout

     

    In its recent annual general meeting, Reliance Industries chairman and managing director Mukesh D Ambani informed that the ambitious 4G project will launch in December 2015 and that 2016-17 would be the first full year of commercial operations for Jio.

     

    After expending money to the tune of Rs 10,000 crore in acquiring spectrum rights across the country, the company is targeting to provide 4G services across India with an investment of more than Rs 70,000 crore.

  • Come December, Reliance Jio sojourn set to begin

    Come December, Reliance Jio sojourn set to begin

    MUMBAI: Come December and Mukesh Ambani’s ambitious 4G project – Reliance Jio is all set to sail on its commercial juggernaut.

     

    After expending money to the tune of Rs 10,000 crore in acquiring spectrum rights across the country, the company is targeting to provide 4G services across India with an investment of more than Rs 70,000 crore.

     

    Addressing shareholders in its annual general meeting, Reliance Industries chairman and managing director Mukesh D Ambani said that 2016-17 would be the first full year of commercial operations for Jio.

     

    Ambani also highlighted the path travelled and the roadmap ahead for Reliance Jio.

     

    Read on:  

     

    Current Jio Scenario

     

    Jio is now present in all of the 29 states of India, with a direct physical presence in nearly 18,000 Indian cities and towns. Jio’s wireless footprint extends even further and covers over one lakh villages. The company is expanding this footprint to cover nearly 80 per cent of India’s population by the end of this year.

     

    “Our roadmap is to have 100 per cent national coverage within the next three years. In rural areas, we are prioritizing connectivity to thousands of schools. This is to ensure that the benefit of our broadband initiative is first and foremost felt by students who stand to gain the most by accessing the information highway,” said Ambani.

     

    Jio Progress

      

    Jio has deployed a network of nearly 250,000 route kilometres of fibre optics, thereby creating a future-proof digital backbone across India. Over the next three years, Jio will gather more than double this fibre footprint by deploying fibre optics in the last mile.

    “We are using this deep fibre network also to ramp-up our fibre-to-the-home deployment. By April of next year, we would have connected over one million homes via fibre with a capability of rapidly scaling up in the top 50 cities of India,” he informed.

     

    To support India’s prominent participation in this revolution, Jio has operationalized nearly half a million square feet of its own next-generation Cloud data centers. Work is underway to double this capacity over the next year. The Jio team now comprises 17,500 full-time employees, who have successfully managed dozens of world-class technology partners and more than 150,000 people on the ground to achieve this rollout.

     

    Jio Technical Achievements

     

    “Even as Jio undertakes this mammoth rollout, we continue to take steps to further strengthen its competitive position. Our acquisition of wireless spectrum during the spectrum auctions conducted in March of this year is a case in point,” said Ambani.

     

    In addition to the existing Pan India 2300 MHz spectrum and 1800 MHz in 14 circles, Jio invested over Rs 10,000 crore during this year’s auction to acquire 800 MHz spectrum in 10 circles and 1800 MHz spectrum in six circles.

     

    Total Jio Investment

     

    Having invested a war chest of Rs 34,000 crore in spectrum assets, Jio now has the largest footprint of liberalized spectrum in the country, acquired in an extremely cost effective manner.

     

    “We have an end-to-end initial capacity to serve in excess of 100 million wireless broadband and 20 million fibre-to-the-home customers, with capability to easily expand further as the business scales up. We are currently in the pre-launch testing and stabilization phase of this large and complex network. Over the next few months, we will initiate an extensive beta launch involving millions of friendly customers across all our markets. This beta program will be upgraded into commercial operations around December of this year,” Ambani asserted.

     

    Full Fledged Jio Launch

     

    Ambani said that the financial year 2016-17 will be the first full year of commercial operations for Jio.

     

    It is interesting to note that in China 4G LTE devices as a percentage of overall device shipment has increased from 10 per cent to over 84 per cent in just the past year and Ambani expects a similar trend to emerge in India.

     

    “The combination of Jio’s strong initiatives and a supportive global environment, gives me the confidence that we will see 4G LTE smartphones in India at prices below Rs 4,000 by December of this year,” he said.

     

    Reliance Jio’s Stand

     

    Touting Jio as much more than just telecom services, Ambani said that it is well positioned to emerge as a global Tier-1 telecom operator.

     

    “The three-pronged combination of broadband networks, affordable smartphones and the availability of rich content and applications has created a global information tsunami,” Ambani said.

     

    In April this year, Reliance launched first mobile application, Jio Chat, which is a communication application that integrates chat, voice, video calling, conferencing, file sharing, photo sharing and much more in a single application. In just the first few weeks of operations, Jio Chat acquired over a million active users, without any paid promotions or paid advertisements whatsoever.

     

    Upcoming Jio Apps

     

    Switch-and-Walk app: Allows customers to seamlessly copy everything from their old phone to a new phone. The app will help to sync all contacts, messages, photos, music, media and applications from one phone to another, wirelessly, with a few easy clicks.

     

    Jio Drive: It is an application that will bring powerful cloud capabilities to every smartphone. Using Jio Drive, anyone can store, sync and share any content between their own devices and also with their friends. This is the type of capabilities that only large enterprises are able to provide to their employees. With Jio Drive, every consumer and small business owner will have this ability.

      

    Jio News and Entertainment Innovations

     

    Network 18 has 17 news channels, 14 entertainment channels, in eight languages and a strong set of internet businesses that will be transited to the Jio platform.

     

    “We are working to transform all of these to build and sustain leadership in each of these areas. By 2017-18 it will be the most integrated TV mobile set of content in India. I am privileged- to have Adil Zainulbhai from the Board to guide this initiative,” added Ambani

     

    Jio MSO License

     

    Earlier this year, Jio also applied for a pan-India cable television multi-system operator (MSO) license and has plans to enter the broadcast TV distribution. Ambani told shareholders that he would apprise them of further progress in the forthcoming AGM.

     

    “We have created a legacy free, next-generation voice and broadband network, which can be seamlessly upgraded even to 5G and beyond. We will deliver the gold standard for coverage and capacity, and push to raise the bar even further with small cells. In everything that we have done at Jio, we have lived by the three mantras of ‘Simple, Smart and Secure.’ However, I believe that Jio’s role is much larger than just offering its own services,” Ambani concluded.

  • NDTV rubbishes media report questioning ownership

    NDTV rubbishes media report questioning ownership

    MUMBAI: News broadcaster New Delhi Television Ltd (NDTV) has not just been breaking news lately but has also been making headlines. The company has been asked to answer questions by the stock exchange regarding an article published by Moneylife on 9 June, 2015.

     

    The said article titled “Who Really Owns NDTV” has put the spotlight on the company with the matter even trending on Twitter after the news came out. So much so that it also caught the attention of the Bombay Stock Exchange (BSE), which sought clarification from the publicly listed company on the same.

     

    According to the report by Moneylife, a Mukesh Ambani group entity had taken control of NDTV on the pretext of a loan agreement, way back in 2009.

     

    Speaking to Indiantelevision.com, NDTV executive vice chairperson KVL Narayan Rao refuted all allegations saying, “The promoters, i.e. Dr. Prannoy Roy, Radhika Roy and RRPR Private Limited (“RRPR”), continue to hold the majority shareholding of NDTV, which amounts to 61.45 per cent of the total shareholding of NDTV. There has been no change in the above shareholding since August 2008. Further, Dr. Prannoy Roy and Radhika Roy continue to hold the entire shareholding of RRPR since its incorporation.”

     

    Rao also added that there has been no change in the exercise of voting rights by the promoters with respect to their shareholding in NDTV. According to the records of NDTV, the voting rights in connection with the shares have throughout been exercised by the promoters in the case of Dr. Prannoy Roy, Radhika Roy and RRPR.

     

    “Therefore, NDTV would like to clarify that the allegations raised in the article with respect to a change in the control/ ownership of NDTV are entirely without any merit. NDTV is mindful of its obligations under Clause 36 of the Listing Agreement,” he said.

     

    It may be recalled that just last year Ambani’s Reliance Industries bought over Raghav Bahl’s Network 18 Media and Investments Ltd, which has under its belt TV news channels namely CNBC TV18, CNN-IBN and CNN Awaz amongst a host of other businesses. NDTV, on the other hand, competes with Network 18 with its own bouquet of news channels namely NDTV 24×7, NDTV India and NDTV Profit.

     

    A source from the channel further said, “If NDTV has to take any loan, we have to inform the BSE. We do not give importance to every news piece.”

  • Reliance Jio to set up 4G framework across 880 cities & towns

    Reliance Jio to set up 4G framework across 880 cities & towns

    MUMBAI: As the day of its official 4G launch is nearing, Reliance Jio Infocomm Limited will soon unveil its office infrastructure set up around 880 cities and towns of the country.

     

    At present, the company is carrying on extensive field tests to provide the customers with the best possible service. The tests are being conducted in its plants at Navi Mumbai and Jamnagar amongst other places. The tests will ensure the integration of devices with Reliance Jio’s network, services and platform.

     

    In its annual report for 2014-15, Reliance Industries, which is the parent company of Reliance Jio Infocomm, said that its subsidiary is working hard to fulfill the minimum rollout obligations giving in the Notice Inviting Applications (NIA) for the spectrum sale held in 2010, specified according to Test Schedule Test Procedure. It requires the company to cover 90 per cent of its service areas before 31 August, 2015.

     

    Reliance Jio is setting up a strong distribution and sales network spread across the country. It is also recruiting new talents and experts for multiple posts for all of its locations. Besides, the company is establishing its infrastructure to deal with the future growing demand of data and voice services. It will make use of long term evolution (LTE) technology to give broadband services of high-speed that is 4G.

     

    Reliance Jio increased its spectrum holdings with the March auction sale. The recent auction was termed to be India’s most expensive spectrum auction. The company holds the biggest liberalized bandwidth that authorizes it to offer smooth 4G services across spectrum bands of 800 MHz, 2300 MHz and 1800 MHz with an integrated ecosystem. Reliance Jio had informed that it is making an investment of Rs 70,000 crore for its 4G venture.

     

    The annual report also said that the company has “either finalized or is in the process of finalizing pacts with original equipment manufacturers (OEMs), original design manufacturers (ODMs) and chipset vendors on end-to-end device design and engineering.”

     

    Moreover, the company is also making a tight integration of the devices with its network infrastructure to offer a smooth experience to its customers. In October, 2013 the company had acquired a pan-India Unified License (UL). This license lets the company to give out almost all kinds of telecommunication service across the country, using any technology.

     

    Analysts at Credit Suisse are of the opinion that a soft launch by Reliance Jio will be in mid-July and this will be earlier than what the market is expecting. It also says that the launch of Reliance Jio’s network will have a vital impact on others in the telecom industry.

     

    According to the Swiss brokerage, Reliance Jio has almost finalized its wholesale distributors in many of its telecom regions. It further suggested that the company will team up with retailers just two – three weeks before the official launch of its services.

  • Network18, TV18 report growth in revenue & operating profit for FY-2015; Q4-15

    Network18, TV18 report growth in revenue & operating profit for FY-2015; Q4-15

    BENGALURU: Reliance’s profit-making magic seems to be working on its newly acquired baby – Network 18 Media and Investments Limited (Network18). The company reported a 16.1 per cent growth in consolidated operating revenue in FY-2015 to Rs 3126.6 crore from Rs 2692.4 crore in FY-2014. 

     

    For the fourth quarter (Q4-2015), revenue increased 14 per cent to Rs 841.4 crore from Rs 738.3 crore in the corresponding year ago quarter and was up 1.1 per cent as compared to the Rs 831.9 crore in the immediate trailing quarter.

     

    Consolidated operating profit before depreciation, interest and tax (PBDIT) was up 92.2 per cent in FY-2015 to Rs 153 crore from Rs 79 crore in FY-2014. Operating PBDIT in Q4-2015 at Rs 69.7 crore was up 71.5 per cent as compared to the Rs 40.6 crore in Q4-2014 and was 3.8 per cent more than the Rs 67.1 crore in Q3-2015.

     

    According to Network18, the company has made a one-time exceptional adjustment of Rs 1045.3 crore and hence reported a loss of Rs 1059.91 crore in FY-2015 as compared to a loss of Rs 36.77 crore in FY-2014. For Q4-2015, the company has reported a profit after tax (PAT) of Rs 10.58 crore as compared to a loss of Rs 4.12 crore in Q4-2014 and a loss of Rs 12.15 crore in Q3-2015.

     

    The improvement in results reported by its subsidiary listed company TV18 Broadcast Limited (TV18) for FY-2015 and Q4-2015 were as good as those reported by Network18.

     

    TV18 reported a 17.8 per cent growth in its income from operations to Rs 2318.4 crore in FY-2015 from Rs 1968.1 crore in FY-2014. Income from operations for TV18 grew 11.8 per cent in Q4-2015 to Rs 629.7 crore as compared to the Rs 563.3 crore in Q4-2014 and was 3.7 per cent higher than the Rs 607.2 crore in Q3-2015.

     

    TV18’s consolidated PBDIT in FY-2015 at Rs 252.5 crore was 19.8 per cent higher than the Rs 210.7 crore reported for the last fiscal. PBDIT for Q4-2015, at Rs 82.6 crore, was 17.7 per cent higher than the Rs 70.2 crore in Q4-2014 and four per cent more than the Rs 79.4 crore in Q3-2015.

     

    Onetime adjustments were also made by TV18 to the extent of Rs 233.29 crore in FY-2015, which resulted in the company reporting a loss of Rs 38.47 crore as compared to a PAT of Rs 85.59 crore in FY-2014. However, after share of associate and minority interest, TV18 reported a PAT of Rs 44.54 crore in FY-2015 as compared to a PAT after share of associate and minority interest of Rs 103.63 crore in FY-2014.

     

    In Q3-2015, TV18 reported PAT after share of associate and minority interest of Rs 95.47 crore in Q4-2015 as compared to the Rs 35.91 crore in Q4-2014 and Rs 60.38 crore.

     

    Network18’s media operations segment reported a 16.8 per cent growth in revenue in FY-2015 to Rs 3061.69 crore as compared to the Rs 2620.69 crore in FY-2014. Revenue from this segment in Q4-2015 at Rs 832.63 crore was 15 per cent more than the Rs 723.81 crore in Q4-2014 and 2.8 per cent more than the Rs 810.01 crore in Q3-2015.

     

    Network18’s media operations segment reported operating profit of Rs 31.63 crore in FY-2015, which was 43.3 per cent lower than the Rs 55.77 crore in FY-2014. For Q4-2015, this segment reported an operating profit of Rs 58.62 crore, which was 243.4 per cent more than the Rs 24.08 crore in the corresponding year ago quarter and 33.9 per cent more than the Rs 43.79 crore in the previous quarter.

     

    Network18’s other segment – film production and distribution reported half the revenue in FY-2015 at Rs 50.96 crore as compared to the Rs 101.77 crore in FY-2015. For Q4-2015, revenue from this segment was Rs 4.08 crore, for Q4-2014, the segment reported negative revenue of Rs 14.61 crore and for Q3-2015, the revenue stood at Rs 11.99 crore.

     

    Film production and distribution segment reported an operating loss of Rs 6.44 crore in FY-2015 as compared to a much higher operating loss of Rs 24.20 crore in FY-2014. Operating loss of Q4-2015 was lower at Rs 2.44 crore as compared to the operating loss of Rs 4.59 crore in Q4-2014 and an operating profit of Rs 1.33 crore in Q3-2015.

     

    The company upped its programming cost in FY-2015 by 44.6 per cent to Rs 768.39 crore from Rs 531.56 crore in FY-2014. Programming costs in Q4-2015 were significantly higher by 55.4 per cent at Rs 208.01 as compared to the Rs 133.82 crore in Q4-2014 and 2.9 per cent more than the Rs 202.09 crore in Q3-2015.

     

    Besides TV18, which contributes to the company’s television operations, Network18 Digital and Network18 Publishing also contribute to Network18 numbers.

     

    Company quote:

     

    Among the major channels that make up Network18’s television operations, the company says that during Q4-2015, CNBC-TV18 and CNBC Awaaz maintained leadership positions in their respective genre, with market shares of 58 per cent and 60 per cent respectively. CNBC Awaaz marked the completion of 10 years of leadership since inception during this quarter. CNBC Bajar launched in FY-15 to strong positive sentiment from the Gujarati business community, also saw attractive gains in viewership.

     

    CNN-IBN led the English general news category in Q4 FY15 with a 33 per cent market share and increased its viewership by 43 per cent over Q3-2015.

     

    In the GEC segment, Colors was the No. 1 channel on weekends prime time across all four quarters of the year and rose to No. 2 spot on weekday prime time in Q4 FY15, up from No. 3 in Q3 FY15. During Q4 FY15, MTV Indies reach grew 13 per cent over Q3-2015 and Vh1 led the English music and lifestyle genre with a 24 per cent market share, while Nick continued to lead the kids’ genre throughout FY-15.

     

    Notes: Equator Trading Enterprises Private Limited (“Equator”) including its subsidiaries Panorama Television Private Limited and Prism TV Private Limited had become wholly owned subsidiary of the Company with effect from January 22, 2014. Hence, the consolidated results of the current period include the results of these subsidiary companies. Eenadu Television Private Limited had also become an associate with effect from January 22, 2014 and its results have been accounted as “Associate” under Accounting Standard 23 on Accounting for Investments in Associates in Consolidated Financial Statements. To this extent, the results of the current year are not comparable with the corresponding previous year.

     

  • Airtel seeks West Bengal govt permission for Wi-Fi hotspots in Kolkata

    Airtel seeks West Bengal govt permission for Wi-Fi hotspots in Kolkata

    KOLKATA: War for internet data market seems to intensify in Kolkata as telecom operator Bharti Airtel is in the process of seeking permission from the West Bengal government to create Wi-Fi hotspots across the city to push data usage.

     

    “We have sought permission from the state government to create hotspots across the city as we are also looking at Wi-Fi service to consumers,” Airtel CEO (Bengal & Odhisa) R S Negi said, on the sidelines of launching company’s 3G service in the Kolkata circle on its recently acquired The Universal Mobile Telecommunications System (UMTS) 900 Mhz spectrum.

     

    In February, Reliance Jio Infocomm Ltd, the company owned by Mukesh Ambani’s flagship Reliance Industries, rolled out a free 4G Wi-Fi service at Park Street, enabling Kolkata as the first metro city with a 4G-enabled high-speed internet service. The company last week said that four more areas of Kolkata will turn into Wi-Fi enabled zones by next month. The company, which is investing around Rs 3,300 crore to roll out 4G in Bengal, plans to offer the free service as part of a sampling experiment. The official commercial launch will take place later.

     

    Data is turning out to be major focus for the telecom companies, experts said.

     

    While Negi declined to give financial numbers, he said that half of the incremental revenue for Bharti Airtel comes from data services.

     

    He also informed that the company may use 3G or 4G network to fire the Wi-Fi service or in a combination of both depending on the situation.

     

    Airtel is already offering free Wi-Fi on two bus routes, as trial to this mode of service, since late last year.

     

    According to Negi, the new 3G service branded as Platinum 3G will offer better speed for consumers and better outdoor and indoor coverage, while adding that the company is not tweaking with the existing 3G tariff for consumers.

     

    However, the new 3G is only for Kolkata and not Rest of West Bengal (RoWB) circle. Kolkata is the second circle for 3G service based on UMTS 900 after Mumbai for Airtel.

     

    “With the launch of Platinum 3G, Airtel customers of Kolkata can browse the internet 122 per cent faster than any other 3G network, get 36 per cent better indoor coverage and enjoy extended battery life. Additionally, users can stream videos 144  per cent faster than the existing speed. Customers need not to pay extra to avail this superior connectivity and can enjoy Platinum 3G at the existing 3G tariffs,” he said.

     

    This 3G services in Kolkata on the 900 Mhz spectrum will offer better speed than when these services are offered on another bandwidth.

     

    The 3G network in Kolkata is likely to be managed by Nokia Networks, which already has the operations & maintenance mandate for its 2G and 4G networks in the city.