Tag: Mukesh Ambani

  • Reliance Jio Media applies for pan-India license, over 200 others in queue for phase III of DAS

    Reliance Jio Media applies for pan-India license, over 200 others in queue for phase III of DAS

    NEW DELHI: Reliance Jio Media, a subsidiary of Reliance Jio Infocomm, has applied for a pan India cable television multi system operator (MSO) license as part of its step to enter the broadcast distribution sector.
     

    Confirming this to indiantelevision.com, an Information and Broadcasting Ministry official said that around 200 MSOs are in the queue for phase III of digital addressable system (DAS) license at present. Following the recent extension in date for registration of MSOs for phase III, the official said it was expected that this number may go up by another 70-80 MSO applicants.
     

    At least 50 per cent of these applicants including Reliance Jio are expected to get clearances by March 2015.
     

    Reliance Jio, the telecom arm of Mukesh Ambani led Reliance Industries, is the only company to have pan-India Broadband Wireless Access spectrum that can be used for 4G services. Reliance Jio has plans to start 4G services across most of the telecom circles by March 2015.
     

    Reliance Industries has already announced that it will launch commercial 4G telecom service of Reliance Jio in 2015 entailing investment of Rs 70,000 crore. It will initially cover about 5,000 towns and cities accounting for over 90 per cent of urban India, as well as over 215,000 villages in India.
     

    The company is focusing on convergence space and has bagged Broadband Wireless Access spectrum in 2010 and Internet Service Provider license was bagged through acquisition of Infotel Broadband Services in 2010.
     

    The company has also showcased a ‘Jio Television’ that can be delivered through 4G network.
     

    All these services will help Reliance Jio to offer broadband services through wireless media, wireline media and cable TV media thereby focusing on all types of broadband services pan-India.
     

    Reliance Jio in February 2014 acquired airwaves in 1800 MHz band across 14 out of 22 service area in the country. The spectrum in this band can also be used for providing 4G services. The company already holds Unified Licence (UL), which allows it to use any technology to provide telecom services.

    Under UL, sources said, Reliance Jio can offer Fiber-To-The-Home services and high speed broadband services to home and enterprise users.

    An MSO license will help Reliance Jio to offer cable TV services through optical fiber thereby providing triple play service as done by large MSOs in the country say Hathway, Siti Cable, IN cable, DEN and others.

  • Q3-2015: Network18 reports improved results

    Q3-2015: Network18 reports improved results

    BENGALURU: Network18 Media & Investments Limited (Network18) reported better results in Q3-2015 as compared to Q2-2015. Improved performances by its media operations, web and publishing operations helped buoy the company’s topline. Q2-2015 was a bad quarter overall for the media and entertainment (M&E) industry in India. Is the Ambani habit of reporting good results rubbing on to its newly-taken over companies – TV18 and Network18; minnows when compared to the giant that the Mukesh Ambani run Reliance Group of Industries is? Only time will tell.

    Note: 100,00,000 = 100 Lakh = 10 million = 1 crore

     The company reported 11.7 per cent growth in Income from Operations at Rs 839.1 crore in Q3-2015 from Rs 744.8 crore in Q2-2014 and 14.3 per cent more than the Rs 727.6 crore in Q3-2014. During 9M-2015, Network18 Income from Operations improved 16.9 per cent to Rs 2285.1 crore from Rs 1954.1 crore in 9M-2014.

     Network18’s Profit Before Tax and Exceptional Items (PBT) improved to Rs 22.4 crore in Q3-2015 from a loss of Rs 14.8 crore in Q2-2015 and 15.7 per cent more than the Rs 19.3 crore in Q3-2014. For 9M-2015, loss at Rs 36.4 per cent was lower than the loss of Rs 65.6 crore in 9M-2014.

     Let us look at the other numbers reported by Network18:

     The company’s operating profit (Profit before depreciation, interest and tax – PBDIT) in Q3-2015 at Rs 67.1 crore was almost quadruple (up 3.8 times) than the Rs 17.4 crore in Q2-2015 and 12.7 per cent higher than the Rs 59.5 crore reported in the corresponding quarter of the previous year. For 9M-2015, PBDIT at Rs 97.2 crore was 2.5 times the Rs 39 crore reported for 9M-2014.

     Network18 reported 5.6 per cent higher Total Expense (TE) at Rs 788.5 crore in Q3-2015 versus the Rs 746.9 crore in Q2-2015 and 14.7 per cent more than the Rs 687.6 crore in Q3-2014. In 9M-2015, the company’s TE at Rs 2268.9 crore was 15.2 per cent more than the Rs 1969.5 crore in 9M-2015.

    Programming cost in Q3-2015 at Rs 202.1 crore was 13 per cent more than the Rs 178.8 crore in the immediate trailing quarter and 30.8 per cent more than the Rs 154.5 crore in Q3-2014. In 9M-2015, programming cost at Rs 546.5 crore was 37.8 per cent more than the Rs 396.5 crore in 9M-2014.

     Network18’s distribution, advertising and business (DAB) expense in Q3-2015 at Rs 214 crore was 3 per cent lower than the Rs 220.7 crore in Q2-2015 and 3.3 per cent less than the Rs 221.3 crore in Q3-2014. In 9M-2014, the company reported 5.2 per cent lower DAB expense at Rs 626.6 crore versus the Rs 660.7 crore in 9M-2014.
     
    Depreciation and amortisation cost (depreciation) in Q3-2015 at Rs 23.8 crore was 22.7 per cent lower than the Rs 19.4 crore in Q2-2015 and 22 per cent less than the Rs 19.5 crore in Q3-2014. Depreciation in 9M-2015 at Rs 80.9 crore was 48.7 per cent more than the Rs 54.4 crore in 9M-2014.

     Network18 says that its digital content operations – moneycontrol.com, Ibnlive.com, Firstpost.com and News18.com and its digital commerce operations bookmyshow.com and Homeshop 18 performed well in the current quarter with a monthly average reach of approximately 25 million visitors for first two months in this quarter.

    Its television business also performed well. The company said that its business news operations (CNBC-TV18, CNBC Awaaz, CNBC Bajar and CNBC-TV18 Prime HD) sustained their leadership position in the genre. CNBC Bajar showed accelerated growth in viewership with a 182 per cent increase in Q3-2015 over Q2-2015. CNN-IBN stood at No.2 position in the English General News category in Q3-2015 with a market share of 25 per cent. In the entertainment segment, Colors was the No.1 channel on weekend prime time with a market share of 28.3 per cent in Q3-2015. History TV18 ended the year 2014 with No.1 position in December 2014 with a market share of 25 per cent in 6 Metros and garnered the maximum time spent per viewer at 178 minutes in 6 Metros and 132 minutes in all India. The company’s regional news and entertainment group of channels under the ETV umbrella also performed well.

     

  • Reliance Retail to develop market for Mukesh Ambani’s Jio

    Reliance Retail to develop market for Mukesh Ambani’s Jio

    MUMBAI: Mukesh Ambani-led Reliance Industries, which will soon launch its pan-India 4G datacom services under the brandname ‘Jio’, has assigned the mandate to develop the market for compatible devices and drive its growth to its retail arm – Reliance Retail.

     

    As per an IANS report, Ambani in a letter to the Reliance Retail team wrote, “Devices are cornerstone in bringing broadband to the masses. The long-term evolution (LTE) ecosystem for devices in India is nascent.”

     

    Ambani also announced that Reliance Jio MD Sandip Das will step down from his current role and drive the initiative by joining the board of Reliance Retail to mentor the Jio division.

     

    The report quotes sources as saying that Ambani is attaching much importance to the 4G data telecom space and sees it as one of the major drivers of growth within the $75-billion group.

     

    The next-gen of the company, Isha and Akash Ambani, recently, secured approvals to join Reliance Jio Infocomm’s board of directors.

     

    Das had personally sought a shift in his role to mentor the Jio initiative of Reliance Industries, said the report.

     

    “It will take the resources, deep conviction and substantial expertise of Reliance to build an LTE device ecosystem to a level similar to the availability of 3G devices,” said Das, who has been associated with a host of Indian and global telecom firms in the past, in the report.

     

    And added, “As Reliance Retail is building electronic goods sales stores and channels to pioneer and dominate this ecosystem, it will be a wonderful challenge for me to mentor this.”

     

  • Network18 appoints AP Parigi as group CEO

    Network18 appoints AP Parigi as group CEO

    MUMBAI: As part of its strategy to strengthen its leadership and businesses, Network18 has appointed AP Parigi as the group CEO, effective 29 January 2015.
     
    He will be based in Mumbai. “Parigi has built a raft of customer-facing brands, technologies, businesses and management teams. His wisdom and leadership is sure to take N18 to the next level,” said Network18 chairman Adil Zainulbhai.
     
    With over 40 years of experience spanning sectors including infrastructure, telecommunications, media and entertainment, Parigi has worked for companies like ENIL/Radio Mirchi, Times Global Broadcasting (Times Now) and Zoom Entertainment Network. Besides this, he has also been associated with Times Innovative Media (Times Out of Home), BPL Mobile Communications and Eros Media International.
     
    An alumnus of the Delhi School of Economics, Parigi, is on the Business Advisory Council of Said Business School, University of Oxford. He is a recipient of several awards including the ‘The William F Glaser’53,’ ‘Rensselaer’s Entrepreneur of the Year Award’ USA.
     
    “I look forward to mentor and lead what is perhaps the most talented group of professionals in the Indian media landscape. NW18 is fortunate to have the world’s leading media brands as partners and I am keen to enhance each of these valuable relationships,” said Parigi.
  • Reliance brings with it the zest to win, says Sudhanshu Vats

    Reliance brings with it the zest to win, says Sudhanshu Vats

    MUMBAI: On 29 May 2014, Reliance Industries Limited (RIL) had announced that it would spend Rs 4,000 crore to take complete control of Network18, the company which Raghav Bahl founded in 1993.

     

    The takeover labeled as the biggest takeovers in India’s media industry, followed the announcement with an open offer to the public.

     

    Since then, not much has been spoken about the management changes, cultural changes in the companies or the working.

     

    So, when indiantelevision.com met Viacom18 group CEO Sudhanshu Vats, we couldn’t help but ask.

     

    Answering the obvious question of has there been any management changes post the takeover of Network 18 by Reliance, Vats says, “No, there have been no changes at Viacom18. The same management team continues to drive Viacom18.”

     

    Vats goes on to add that Reliance is a very large and successful company. It believes in scale and has strong leading position in all the business segments in which it operates. “The good news from our point of view is that we now have two industry giants – Reliance and Viacom as partners. Reliance brings with it scale, resources and the zest to win. Those are good traits for us to gain new heights in the media sector,” he emphasises

     

    For the record, Network18 owns news TV channels (including CNBC-TV18, CNN-IBN, CNBC Awaaz etc), websites (firstpost.com, moneycontrol.com), magazines (including the license for Forbes India), entertainment channels (including Colors, MTV and Homeshop18) among other businesses. And Viacom18 founded in November 2007 is a 50:50 joint venture operation in India between Viacom and the Network 18’s subsidiary TV18, based in Mumbai.

  • Our content will cross borders, says Mahesh Samat

    Our content will cross borders, says Mahesh Samat

    MUMBAI: After a wait for almost an year, Mahesh Samat’s Epic will finally see the light of day on 19 November.

    The news of the former Disney executive launching Epic Television Network first broke in 2012 and was supposed to launch the channel by August 2013. However, due to the delay in getting the licence from the Ministry of Information and Broadcasting, the venture backed by Anand Mahindra , Mukesh Ambani and Rohit Khattar, focusing on Indian history, folklore and mythology, had to wait a long time to entertain the audiences.

    As per media reports, Mahindra and Ambani each have a 25.8 per cent stake in the company and together have financial control. Also, there is an initial commitment of Rs 100 crore from the group of ‘angel investors’. Samat has a 48.5 per cent stake in the venture, as per the company’s filing with the Registrar of Companies (RoC).

    The HD pay channel, also available in down-scaled SD version, aims to change the way entertainment is being categorised today. “We are not what people think and call ‘general entertainment’. We are a brand that stands for something which Indian television industry doesn’t have,” says Samat while adding that Indian history has numerous stories to tell and that’s what the channel will do.

    Someone who has keen interest in history, Samat believes there are enough people in urban India who want to watch mythology and know about the historical aspects of the country. The channel, though slightly male skewed, while conventional GECs are heavily female skewed, wants to entertain the whole family.

    With months of research gone into creating the fictional shows like DharamaKshetra, Dariba Diaries as well as non-fictional shows like Adrishya, Raja, Rasoi aur anya Kahaniyaan have been shot in HD and sound recording is on 5.1 Dolby. “Technology is changing the way we tell stories today,” says Samat and highlights how it has also collaborated with Mumbai University and other institutions to help with the facts.

    The channel is working with a new-breed of producers like Bolt Media, Green Light Production, Pride Rock Television among many others, who are willing to take a contemporary take on age-old stories. The research was done by the production houses with the channel’s help. “We got enough creative freedom from the channel,” says a producer of a show soon to be aired on the channel and adds, “The cost of production is higher than that of a show on other channels, but one needs to know how to utilise and make the best of the resources available.” As per industry sources, the cost of production of a show could range from anything between Rs 12 lakh to Rs 20 lakh per episode.

    The shows are finite with most of the shows comprising 20+ episodes and will also see filmmakers like Pankaj Prashar creating content for the channel. “Today a lot of filmmakers want to enter the big world of the small screen. However, most of them don’t have time for infinite shows. Here we are giving them an opportunity to tell stories in a short period of time,” says Samat.

    “And depending on the response and love we get from the audiences we will look at bringing back the show through various seasons,” he adds. Samat believes in changing the way industry works today. “We don’t want to stretch story lines. Everywhere else in the world, seasons work. It’s time we did too.”

    That’s not all; he believes that the content will be so rich and unique that it can be sold to the world. “International syndication is important to me and I want to take our stories to the world,” says Samat. The channel has already got a good response from buyers at MipCom where it showcased the content and Samat believes that before the next edition, the content will have enough takers. “We will not just focus on conventional markets but non-conventional markets as well,” he adds while highlighting that as a pioneer he and his team of 40 have to take risks and go an extra mile to stand out of the crowd. YRF TV’s former head Ravina Kohli is the development head and Aparna Pandey is the business head who also takes marketing decisions.

    The channel will go on air with 13 to 15 shows which will be weekly with the primetime being from 8:30 pm to 11 pm. The morning and afternoon slot currently will show repeats. The channel plans to acquire historic films and programmes as well, which will be aired mostly on the weekends. “As our library grows, the FPC will change too,” he pin points.

    So far, the channel has got no advertiser on board; however, talks are on. “We want to give a week or two for brands to see the content and how they can relate with our philosophy,” says a confident Samat, who feels many will come on board soon. “We are not an AFP driven channel,” he says.

    Media planners too believe that brands will want to watch the content. “No one wants to take a risk,” says a media planner. He adds, “Lifestyle brands will hop on board. However, Reliance and Mahindra brands are always there.” However, several feel that the channel will take time to create a niche of its own as viewers still want to see daily soap operas.

    With a pan-India approach, the channel will be distributed and syndicated by IndiaCast. “Talks are on with all the major DTH players as well as cable operators in DAS area,” says IndiaCast group COO Gaurav Gandhi.

    Subscription rate for the HD channel is Rs 55 while SD will be available at Rs 10.5.

    Beamed off Intelsat 20, the channel will soon start the marketing regime. General entertainment channels (GECs), news as well as other genres will be targeted along with major dailies in the metros. Major hoarding sights will be targeted as well with a lot of focus on digital. Currently, on Youtube, the channel has 1530 subscribers and the first look of the channel has got more than 1.2 million views.

    “Our content will be available online, but will come at a cost,” informs Samat.

    Madison is the media agency while Jack in the Box is the digital agency. Dynamite is the creative agency, though a lot of creatives are done in-house as well.

     

    The channel has entrusted revenue monetisation to Helios Media which has emabrked on seeding the channel in advertiser market. “Everything about Epic is unique. And those with futuristic view will be on board soon,” says the agency’s MD Divya Radhakrishnan.

     

     

  • Revamped IBN7 to focus on ‘news’ and not ‘views’

    Revamped IBN7 to focus on ‘news’ and not ‘views’

    MUMBAI: In a bid to differentiate itself in the crowded Hindi news genre, IBN7 of the Network18 group has decided to re-launch itself once again.  

    It was in July 2013, that the channel had revamped itself.  Now on 19 October, it will again undergo change to reposition itself with the new tag line ‘Hausla Hai’, a fresh perspective and a committed team of reporters, new shows and pacier and cleaner graphics.

    Network 18 News president Umesh Upadhyay stated that the re-launch will be a defining milestone for the channel.
    “Our increased focus on news as against just views, clean look and feel, our unmatched footprint and coverage and our focus on strong journalistic values will resonate with the Hindi news viewers. We already have an exceptionally strong team with senior journalists like Sanjeev Paliwal and MK Jha which has become stronger, more vibrant and more credible with the addition of our new team members.”

    With over 2,200 reporters across the country, the channel plans to focus on providing more news as opposed to views and opinions that it says have become the norm on most news channels.

    The changes at the channel are being fronted by established faces of television like Sumit Awasthi, Richa Anirudh and Akash Soni along with Navjyot Kaur, Tejasvi Chandok Nayyar, Payal Bhuyan, Himani Naithani, Pankaj Bhargava, Amrit Anand and the channel’s present team of journalists and reporters.

    As part of the new launch, IBN7 will also be launching several new shows. From a programme that will showcase news from every nook and corner of the country called Desh Din Bhar to a big town, big story show named Rajdhani Express and a show dedicated to the latest buzz and trends in the social media space called INews. The prime time programming on IBN7 is also being strengthened with a new show Aath Baje which will be a round-up of news and will also deep dive into major issues. This will be followed by a rejuvenated India Nau Baje which will have short format news, packages and newsmaker interviews and a new crime bulletin called Crime News.

     

  • Q2-2015: Reliance Retail juggernaut grows 20 per cent y-o-y

    Q2-2015: Reliance Retail juggernaut grows 20 per cent y-o-y

    BENGALURU:  The Mukesh Ambani led Reliance Industries Limited (RIL) announced its Q2-2015 results on 13 October reporting a y-o-y  de-growth of 4.3 per cent in consolidated turnover to Rs 1,13,396 crore in Q2-2015 from Rs 1,18,439 crore in Q2-2014, and a growth of 5.1 per cent versus the immediate trailing quarter Q1-2015 turnover of Rs 1,07,905 crore. During HY-2015, the company’s revenue grew just 1 per cent to Rs 2,21,301 crore from Rs 2,19,054 crore in HY-2014.
     
    The company’s organised retail segment contribution to RIL’s turnover grew from 2.93 per cent (Rs 3470 crore) in Q2-2014 to 3.67 per cent (Rs 4167 crore) in Q2-2015, registering a 20.1 per cent growth y-o-y. In Q1-2015, RIL’s retail segment contributed 3.71 per cent (Rs 3999 crore) to the company’s turnover registering a 4.1 per cent growth q-o-q.  In FY-2014, the segment had reported revenue of Rs 14,566 crore or 2.69 per cent of RIL’s turnover of Rs 5,41,599 crore. A Reliance earnings release for Q2-2014 says reports EBDIT figures for its retail segment at Rs 186 crore, recording a y-o-y EBDIT growth of 96 per cent.

    This quarter, the company’s overall operational outlet count crossed 2000 with a presence in 155 cities of the country.  Some of the store formats under Reliance Retail Brands include Reliance Retail, Reliance Market, Reliance Fresh, Reliance Digital, Reliance Trends, Reliance Footprint and Reliance Jewels.

     

    In the overall context of RIL numbers, its retail segment figures may seem small, but how many companies can boast of annual revenues of about Rs 15,000 crore plus, that the segment must cross this fiscal? Not too many.

     

    According to an Economic Times report, in comparison, Tata group’s retail divisions, including Titan, Croma, Trent and Landmark, had revenue of about Rs 17,000 crore. Kishore Biyani’s Future Retail had revenue of Rs 11,336 crore in fiscal 2014.

     

    India’s retail industry has been pegged at a quarter of India’s gross domestic product (GDP) about $525 million or Rs 31.5 lakh crore and is expected to double over the next five years leading to 2020. There is more than enough scope for the company’s organised retail segment to grow and contribute in a big way to RIL’s numbers over the next few years.

     

     

    Click here for the financial statement

     

  • Epic channel set to roll out by end 2014

    Epic channel set to roll out by end 2014

    NEW DELHI: India’s first genre specific Hindi entertainment channel, Epic is all set go on air by the end of the year  and will showcase content based on Indian history, folklore and mythology in a contemporary format. It is the first segmented channel in Indian television.

      

    Mukesh Ambani, Anand Mahindra and Rohit Khattar are the three promoters of the company. Mahindra & Mahindra chairman and managing director Anand Mahindra speaking on the occasion said that 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 was a need for a revolution in the broadcast space.

     

    “We have all been entertained with the history and mythology of India through books and grandparents’ stories. These stories will now come to life on television in a contemporary manner,” he added

     

    The channel identified fragmentation of audiences as a huge opportunity for differentiated and genre specific content. By integrating India’s rich heritage with the current consumption patterns, the channel is creating original content within the Indian history, folklore and mythology genre and will be using a contemporary story telling format.

     

    Epic Television network founder and managing director Mahesh Samat commented, “The ‘segmented’ content will allow viewers to choose and consume genre-specific content of their liking. Our vision is to create a brand in television that will translate our vibrant past into entertainment with the objective of creating new IPs, strong characters and new heroes that strike a chord with audiences.”

     

    The channel will have action, drama, comedy, supernatural and narrative non-fiction content, set against Indian history and mythology. The stories will be innovative with high production quality and a distinct look that will appeal to both men and women. Most of the content will be shot at real locations with HD cameras. The programming line-up has a mix of fiction shows, narrative non-fiction shows, short form content as well as films at launch.

  • A sigh of relief for Epic

    A sigh of relief for Epic

    MUMBAI: The channel which plans to create a history finally breathed a sigh of relief when after almost a year’s wait has got a licence approval from the Ministry of Information and Broadcasting (MIB).

     

    Mid-last year, Mahesh Samat, a former Disney MD, had announced his plan of his own venture Epic TV channel. Mahindra & Mahindra chairman Anand Mahindra had come on board as a major investor. And then, soon came the news that billionaire industrialist Mukesh Ambani too had joined the venture as the second investor venture capitalist to fund Samat’s Epic Television Networks.

     

    The channel offering segmented content to viewers specifically related to history, folklore and mythology was supposed to debut by August 2013.

     

    Samat had brought in former YRF TV head Ravina Kohli as programming head, apart from business head Aparna Pandey who was earlier associated with Big CBS channels as business head. “Our shows will be different from what India has been watching,” Samat had quoted then.

     

    Amongst the shows being developed is one based on a novel by Indu Sundaresan called The Twentieth Wife which tracks a young widow named Mehrunissa, daughter of Persian refugees and wife of an Afghan commander, who goes on to become the empress of the Mughal Empire under the name of Nur Jahan by getting married to emperor Jehangir.

     

    However, things didn’t progress as planned. The tedious and long procedure to get approvals from the MIB delayed its launch.

     

    “Yes, it comes as a big relief that finally we have got the licence from the MIB. However, we still have to get a nod from Wireless Planning & Coordination wing of the Ministry of Communications and Information Technology. So keeping the fingers crossed,” says Samat.

     

    The channel hopes to get the nod soon and hopes to launch by end of the year.

     

    There will be a few more announcements as well because the channel will make changes to the agencies representing it. Earlier, IContract, a part of Contract Advertising and the WPP Group, was appointed to manage the creative and brand building duties for the channel; while Madison Media was assigned the media buying and planning mandate. Similarly, MSLGroup, a specialty communications and engagement network, has been handling the channel’s Public Relations, while Jack in the Box Worldwide, the content-for-brands arm of Bang Bang Films, had been selected to manage all digital communication for EPIC.

     

    “MSLGroup no longer represents us and there might be a few more changes,” says Samat without revealing much.