Tag: Mukesh Ambani

  • Silver Lake and co-investors to invest additional Rs 4,546.80 crore in Jio Platforms

    Silver Lake and co-investors to invest additional Rs 4,546.80 crore in Jio Platforms

    Mumbai: Reliance Industries Limited and Jio Platforms Ltd has announced that Silver Lake and its co-investors will invest an additional Rs 4,546.80 crore in Jio Platforms, in addition to the Rs 5,655.75 crore of investment by Silver Lake announced on May 4, 2020. This brings the aggregate investment by Silver Lake and its co-investors to Rs 10,202.55 crore. Silver Lake’s investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore, and will translate into a 2.08 per cent equity stake in Jio Platforms on a fully diluted basis. With this investment, Jio Platforms has raised Rs 92,202.15 crore from leading technology investors in less than six weeks.

    Jio Platforms, a wholly-owned subsidiary of Reliance Industries, is a next-generation technology platform focused on providing high-quality and affordable digital services across India, with more than 388 million subscribers. Jio Platforms has made significant investments across its digital ecosystem, powered by leading technologies spanning broadband connectivity, smart devices, cloud and edge computing, big data analytics, artificial intelligence, Internet of Things, augmented and mixed reality and blockchain. Jio’s vision is to enable a Digital India for 1.3 billion people and businesses across the country, including small merchants, micro-businesses and farmers so that all of them can enjoy the fruits of inclusive growth.

    With approximately $40 billion in combined assets under management and committed capital and a singular focus on the world’s great tech and tech-enabled opportunities, Silver Lake is the global leader in large-scale technology investing. Its mission is to build and grow great companies by partnering with world-class management teams. Its investments have included Airbnb, Alibaba, Alphabet’s Verily and Waymo units, Dell Technologies, Twitter and numerous other global technology leaders.

    Reliance Industries Ltd chairman and managing director Mukesh Ambani said, “Silver Lake and its co-investors are valued partners as we continue to grow and transform the Indian digital ecosystem for the benefit of all Indians. We are pleased to have their confidence and support, as well as the benefit of their leadership in global technology investing and their valued network of relationships, as we drive the Indian digital society’s transformation. I would like to emphasise that Silver Lake’s additional investment in Jio Platforms, within a span of five weeks during the Covid2019 pandemic, is a strong endorsement of the intrinsic resilience of the Indian economy, which will surely grow bigger with comprehensive digital enablement.”

    Silver Lake co-CEO and managing partner Egon Durban said, “We are excited to increase our exposure and bring more of our co-investors into this opportunity, further supporting Jio Platforms in its mission to bring the power of high-quality and affordable digital services to a mass consumer and small businesses population. The investment momentum behind Jio validates a compelling business model and underscores our admiration for Mukesh Ambani, his team and their courageous vision in creating and building one of the world’s most remarkable technology companies.”

    The transaction is subject to regulatory and other customary approvals.

    Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels. Latham & Watkins LLP, Shardul Amarchand Mangaldas & Co and Simpson Thacher & Bartlett LLP acted as legal counsel to Silver Lake.

  • Zuckerberg promises better shopping experience through JioMart-WhatsApp

    Zuckerberg promises better shopping experience through JioMart-WhatsApp

    MUMBAI: It seems Facebook has great ambition for e-commerce and small business in India. While speculations have been rife on the scope of the social media giant’s investment in Mukesh Ambani’s Jio, Facebook CEO Mark Zuckerberg keeps emphasising on small businesses and a better shopping experience.

    “One aspect of online commerce I want to mention is the partnership we just announced with Jio Platforms in India. The largest Facebook and WhatsApp communities in the world are in India, and we think there's an especially important opportunity to serve small businesses and enable commerce there over the long term. By bringing together JioMart, which is Jio's small business initiative to connect millions of shops across India, with WhatsApp, we think that we’re going to be able to create a much better shopping experience. There's a lot more we can do here and I'm looking forward to making progress with the team at Jio,” he commented in an earnings call after announcing q1 results.

    He also mentioned that there are millions of small businesses and shops across India and they want to try to help them get on a single network to communicate through Whatsapp and make online payment through WhatsApp. The Facebook CEO added that it is a great example of how they can wire up and help small businesses in the country where they have the largest WhatsApp community.

    “But certainly all the products and technology that we’re building to enable that partnership are going to be things we’re going to want to do around the world,” he added.

    Recently, Facebook made an investment of Rs 43,574 crore into Jio Platforms, translating into a 9.99 per cent equity stake in it on a fully diluted basis. Now, along with a strong local ally, it becomes one of the largest contenders in the e-commerce battle with Amazon and Flipkart. While Jio disrupted the telecom industry, it is unsure yet as to how the JioMart- Whatsapp force will unravel. 

  • FB-Jio partnership to accelerate India’s digital economy: Mukesh Ambani

    FB-Jio partnership to accelerate India’s digital economy: Mukesh Ambani

    MUMBAI: Reliance Industries Ltd chairman Mukesh Ambani said that the Facebook-Jio partnership will accelerate the country’s digital economy.

    In a video message, he said: “All of us at Reliance and Jio are delighted to welcome Facebook as our long-term and esteemed partner. At the core of our partnership is the commitment that Mark Zuckerburg, founder of Facebook, and I share for the all-round transformation of India and serving all the Indians. Together our two companies will accelerate India’s digital economy to empower you, enable you, and you enrich you.”

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    He maintained that the partnership will be a great catalyst to make India the world’s leading digital society. Over the past few years Facebook, WhatsApp, and Instagram have become household names in India. WhatsApp in particular has entered our people’s daily vocabulary in all the 23 official languages of the country, he said.

    “WhatsApp is not just a digital application; it has become a good friend who brings together families, friends, businesses, information-seekers and providers. The combined powers of Jio’s world-class connectivity platforms and Facebook’s intimate relationship with Indians will offer innovative new solutions to each one of you,” he said.

    In the very near future, Jio Mart, Jio’s digital’s new commerce platform, and WhatsApp will empower nearly three crore Indian kirana stores to digitally transact with every customer in their neighbourhood, he said. “This means all of you can order and get fast delivery of day-to-day items, from nearby local shops. At the same time, small kiranas can grow their businesses and create new employment opportunities using digital technology. And in the days to come, this winning recipe will be extended to serve other key stakeholders of Indian society.”

    He maintained that this will benefit “our farmers, small and medium enterprises, our students and teachers, our healthcare providers, and above all our youth who are the foundation of a new India.”

    “Our visionary prime minister Narendra Modi has set ambitious goals in his digital India mission: ease of living for Indians especially for the common Indian, and ease of doing business for all entrepreneurs, especially the small ones. Today, I assure you the synergy between Jio and Facebook will help realize these two goals,” he explained.  

    Wishing that the country will be able to fight the COVID-19 pandemic, he expressed the hope that with our collective effort, India will emerge stronger and healthier.  

  • Facebook takes 9.9% stake in Reliance Jio, to invest Rs 43,574 cr

    Facebook takes 9.9% stake in Reliance Jio, to invest Rs 43,574 cr

    Mumbai: Facebook has bought a 9.9 per cent stake in Reliance Jio for $5.7 billion (Rs 43,574 crore), the telecom unit of Reliance Industries Ltd (RIL). The multibillion-dollar deal gives the social media giant a firm foothold in a fast-growing massive market and helps the Indian oil-to-telecom conglomerate to significantly cut debt.

    This investment by Facebook values Jio platforms at Rs 4.62 lakh crore pre-money enterprise value ($65.95 billion, assuming a conversion rate of Rs 70 to a US Dollar). Facebook’s investment will translate into a 9.99 per cent equity stake in Jio Platforms on a fully diluted basis.

    Mark Zuckerberg, in a statement, said: “There's a lot going on in the world right now, but I wanted to share an update on our work in India. Facebook is teaming up with Jio Platforms; we're making a financial investment, and more than that, we're committing to work together on some major projects that will open up commerce opportunities for people across India. India is home to the largest communities on Facebook and WhatsApp, and a lot of talented entrepreneurs. The country is in the middle of a major digital transformation and organizations like Jio have played a big part in getting hundreds of millions of Indian people and small businesses online.”

    Reliance Industries Ltd chairman and managing director Mukesh Ambani said: “When Reliance launched Jio in 2016, we were driven by the dream of India’s digital Survodaya – India’s inclusive digital rise to improve the quality of life of every single Indian and to propel India as the world’s leading Digital Society. All of us at Reliance are therefore humbled by the opportunity to welcome Facebook as our long-term partner in continuing to grow and transform the digital ecosystem of India for the benefit of all Indians. The synergy between Jio and Facebook will help realise prime minister Narendra Modi’s ‘Digital India’ Mission with its two ambitious goals — ‘ease of living’ and ‘ease of doing business’ – for every single category of Indian people without exception. In the post-Corona era, I am confident of India’s economic recovery and resurgence in the shortest period of time. The partnership will surely make an important contribution to this transformation.”

    Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd, is a next-generation technology company building a digital society for India by bringing together Jio’s leading digital apps, digital ecosystems and India’s #1 high-speed connectivity platform under one umbrella. Reliance Jio Infocomm Limited, which provides connectivity platform to over 388 million subscribers, will continue to be a wholly-owned subsidiary of Jio Platforms.

    Jio’s vision is to enable a digital India for 1.3 billion Indians and Indian businesses, especially small merchants, micro-businesses and farmers. Jio has brought transformational changes in the Indian digital services space and propelled India on the path towards becoming a global technology leader and among the leading digital economies in the world. 

    Jio has built a world-class digital platform powered by leading technologies such as broadband connectivity, smart devices, cloud and edge computing, big data analytics, Artificial Intelligence, Internet of Things, Augmented and Mixed Reality and Blockchain.

    Jio has created an eco-system comprising network, devices, applications, content, service experiences and affordable tariffs for every Indian to experience the Jio Digital Life. During the current Covid-19 crisis, Jio’s platforms have been a dependable and inclusive Digital Lifeline for India, said a company statement.

    As one of the largest countries in the world, India is home to some of Facebook’s most thriving communities on WhatsApp, Facebook and Instagram. Over the years, Facebook has invested in India based on a strong belief in country’s entrepreneurial talent and opportunity, to help create meaningful impact for Indians and Indian businesses using their multiple platforms.

    The partnership between Facebook and Jio is unprecedented in many ways. This is the largest investment for a minority stake by a technology company anywhere in the world and the largest FDI in the technology sector in India. The investment values Jio Platforms amongst the top five listed companies in India by market capitalisation, within just three and a half years of launch of commercial services, validating Reliance Industries’ capability in incubating and building disruptive next-generation businesses, while delivering market defining shareholder value.

    The investment will enable new opportunities for businesses of all sizes, but especially for small businesses across India and create new and exciting digital ecosystems that will empower, enrich and uplift the lives of all 1.3 billion Indians.

    This partnership will accelerate India’s all-round development, fulfilling the needs of Indian people and the Indian economy. The partnership focus will be India’s 60 million micro, small and medium businesses, 120 million farmers, 30 million small merchants and millions of small and medium enterprises in the informal sector, in addition to empowering people seeking various digital services.

    The partnership assumes special significance for India in the wake of the severe disruptions caused by the COVID-19 pandemic in the Indian — and the global — economy. In the post-COVID era, comprehensive digitalisation will be an absolute necessity for revitalisation of the Indian economy.

    Concurrent with the investment, Jio Platforms, Reliance Retail Limited (Reliance Retail) and WhatsApp have also entered into a commercial partnership agreement to further accelerate Reliance Retail’s New Commerce business on the JioMart platform using WhatsApp and to support small businesses on WhatsApp. WhatsApp already plays an important role in helping people and businesses connect in India. Reliance Retail’s New Commerce platform, JioMart, is being built in partnership with millions of small merchants and kirana shops to empower them to better serve the needs of Indian consumers. The companies will work closely to ensure that consumers are able to access the nearest kiranas which can provide products and services to their homes by transacting seamlessly with JioMart using WhatsApp.

    The transaction is subject to regulatory and other customary approvals. Morgan Stanley as financial advisor and AZB & Partners and Davis Polk & Wardwell as counsels advised on the transaction.

  • RIL announces Rs 500 crore contribution to PM CARES Fund

    RIL announces Rs 500 crore contribution to PM CARES Fund

    MUMBAI: Reliance Industries Ltd (RIL) announced a donation of Rs 500 crore to PM CARES Fund in response to the call by the prime minister to support the nation’s fight against the Coronavirus onslaught.

    RIL also informed that in addition to the financial contribution to the PM’s Fund, the company has also provided contributions of Rs 5 crore each to the governments of Maharashtra and Gujarat to support their fights against the Covid-19.

    RIL also continues its 24×7, multi-pronged, on-the-ground effort to do its bit to ensure the nation remains prepared, fed, supplied, safe, connected and motivated to fight and win against the unprecedented challenges brought upon by the Coronavirus pandemic.

    RIL has already deployed the strengths of the Reliance Family on this action plan against COVID-19. RIL and its motivated team have stepped up in the cities and villages, on roads and lanes, clinics and hospitals, grocery and retail stores, and it has pressed additional capabilities into the service of the nation.

    RIL and Reliance Foundation is leading with a significant effort that encompasses several initiatives.  These include:

    ·        Contribution of Rs 500 crore to the PM-CARES Fund

    ·        Contribution of Rs 5 crore to the Chief Minister’s Relief Fund of Maharashtra

    ·        Contribution of Rs 5 crore to the Chief Minister’s Relief Fund of Gujarat

    ·        India’s first 100 bed exclusive Covid-19 Hospital geared up in just two weeks to handle Covid-19 patients

    ·        Fifty lakh free meals in the next 10 days across the nation and scaling up rapidly to more meals and newer areas

    ·        One lakh masks daily for health-workers and caregivers

    ·        Thousands of PPEs daily for health-workers and caregivers

    ·        Free fuel across the country to notified emergency response vehicles

    ·        Jio seamlessly connecting nearly 40 crore individuals and thousands and thousands of organisations daily on its telecom backbone via ‘work from home’, ‘study from home’ and ‘health from home’ initiatives, helping to keep the country going

    ·        Reliance Retail providing Essential supplies daily for millions of Indians via stores and home deliveries

    This is RIL’s overall commitment to the nation, in addition to appropriate financial assistance from time to time. The company and its employees will be in the nation’s service daily, as an efficient support machinery for the millions of forces in the frontline – India’s doctors, nurses, health workers and caregivers, government officials, police and peace keeping forces, the transport and essential supply providers and the crores of Indian citizens who are staying at home to contribute to this fight.

    RIL particularly records its appreciation for its essential staff across the various divisions, our own heroes, who have effectively formed a second line of defence against the virus, supporting the frontline forces as well as the people fighting from their homes, and being part of the formidable buffer, which keeps the nation’s response effective and ongoing.  

    RIL remains committed to supporting India’s response to the Covid-19 challenge and will continue to build up its support till the challenge is overcome.

    RIL chairman and managing director Mukesh Ambani said, “We are confident that India will conquer the coronavirus crisis sooner rather than later. The entire Reliance Industries Limited team is with the nation in this hour of crisis and will do everything to win this battle against Covid-19.”

    Reliance Foundation founder chairperson Nita Ambani said, “As the nation comes together to fight the Covid-19 pandemic, all of us at Reliance Foundation stand in solidarity with our countrymen and women, especially those on the frontlines to whom we pledge our full support. Our doctors and staff have helped set up India’s first Covid-19 Hospital and are committed to supporting the government in exhaustive screening, testing, prevention, and treatment of Covid-19.”

    “The need of the hour is also for us to support our marginalized and daily wage communities. Through our meal distribution programme, we aim to feed lakhs of people daily across the country,” Nita Ambani added.

  • Ambani’s Reliance merges media & distribution biz under Network18

    Ambani’s Reliance merges media & distribution biz under Network18

    MUMBAI: When you are Mukesh Ambani, you think size,  you think scale. Even as speculation is running rife whether a deal with Sony Pictures is on, the chairman & managing director of Reliance Industries yesterday announced that the megacorp is consolidating its media and distribution entities under one company Network18 Media & Investments. Under the scheme of arrangement, TV18 Broadcast , Hathway Cable and  Datacom and Den Networks  will merge into Network18 Media.

     

     The appointed date for the merger shall be 1 February, the company said in a statement. It also added that the broadcasting business will be housed in Network18 and the cable and ISP businesses in two separate wholly owned subsidiaries of Network18.

     

    In one of the the biggest takeovers of the Indian media industry, Ambani had announced in 2014 that it would spend big to take complete control of Network18. The acquisition kickstarted the billionaire Mukesh Ambani’s investment in the media and entertainment industry which ballooned over the years .

     

    After the consolidation, Network18 will be an integrated media and distribution company with a revenue of Rs 8,000 crore and net-debt free at a consolidated level. The company also said that the scheme shall also simplify the corporate structure of the group by reducing the number of listed entities.

     

    According to the share exchange ratio approved by the board, shareholders will get 92 shares of Network18 for every 100 shares of TV18; 78 shares of Network18 for every 100 shares of Hathway and 191 shares of Network18 for every 100 shares of Den. Reliance Industries’ holding in Network18 will reduce from 75 per cent to 64 per cent upon the scheme’s implementation.

     

    “The aggregation of a content powerhouse across news and entertainment (both linear and digital) and the country’s largest cable distribution network under the same umbrella shall boost efficiency and exploit synergies, creating value for all stakeholders,” the company stated.

     

    “The media industry is accelerating towards being a B2C play, led both by market factors and through regulation. An integrated media play shall further increase the breadth as well as depth of the group’s consumer touchpoints, and allow for retaining a larger share of the consumer’s spend on content,” it added.

     

    Back in 2018, Reliance Industries through its network of subsidiaries acquired major stakes in Den Networks and  Hathway Cable and Datacom Limited after few days of announcement of its fiber-to-the-home service.

    The company added that the consolidation of the cable businesses of Den and Hathway in one entity will leverage the combined strength of the 27,000 LCO partners who act as the touchpoints to 15 million households in India; delivering localised, people-friendly and ultra-fast customer services. The combined broadband entity will serve 1 million wired line broadband subscribers across the country.

     

  • JNU incident raises English News ratings afterslump in last week of 2019

    JNU incident raises English News ratings afterslump in last week of 2019

    BENGALURU: After an expected slump in viewership in the last BARC week of 2019 – week 53 (Saturday 28 December 2019 to Friday, 3 January 2020), the combined viewership of top 5 English News channels increased 9.2 percent to 1.835 million weekly impressions in week 1 of 2020 (Wy01 of 2020) from 1.681 million. Viewership was also boosted by the happenings at the Jawaharlal Nehru University (JNU) on January 5 and their subsequent fall out.

    There was a small change in Broadcast Audience Research Council of India (BARC) weekly list of top 5 English News channels in week 1 of 2019 (Saturday, 4 January 2020 to Friday 10 January 2020) – pubcaster network Doordarshan’sEnglish News channels DD India exited the list to be replaced by the Pronnoy and Radhika Roy led NDTV 24×7 which re-entered BARC’s weekly list after a short hiatus of two weeks. Earlier NDTV 24×7 had re-entered BARC’s weekly list of top 5 English News channels in week 51 of 2019 for the first time since BARC Recommenced publication of viewership data in the public domain in week 13 of 2019. BARC had stopped publication of weekly data in the public domain between weeks 6 and 12 of 2019 to enable  stabilisation of viewership after the implementation of Telecom Regulatory Authority of India (TRAI) New Tariff Order.

    Please refer to the figure below:

    As has become the norm, the top 2 channels in BARC’s weekly list of top 5 English News channels in week 1 of 2020 were same – the Arnab Goswami led Republic TV and his previous employer – Times Now. India Today Television moved up a place to rank 3 in week 1 of 2020 from rank 4 in week 53 of 2019. CNN News India also moved up a place to rank 4 during the week under consideration from rank 5 in the previous week. As mentioned above, NDTV 24×7 re-entered the list at rank five.

    Please refer to the figure below:

    Republic TV saw its ratings climb 8.1 percent to 0.615 million impressions in week 1 of 2020 from 0.569 million in the previous week. Times Now saw its viewership climb 14 percent in week 1 0f 2020 to 0.481 million weekly impressions from 0.422 million weekly impressions in week 53 of 2019. The India Today group’s India Today Television saw ratings jump 27.7 percent in week 1 of 2020 to 0.327 million weekly impressions from 0.256 million.

    CNN News18 saw viewership climb 26.6 percent to 0.224 million weekly impressions from 0.177 million weekly impressions. NDTV 24×7 entered the list with 0.188 million weekly impressions in week 1 of 2020.

    Please refer to the figure below

  • Network18 topline almost doubles in Q3 2020

    Network18 topline almost doubles in Q3 2020

    BENGALURU: Mukesh Ambani’s Network18 Media and Investments Ltd (Network18) consolidated profit after tax (PAT) for the quarter ended 31 December 2019 (Q3 2020, quarter or period under review) was up 92.2 percent at Rs  148.29 crore from Rs 77.16 crore in the corresponding year-ago quarter Q3 2020. The company had reported a consolidated loss after tax of Rs 24.68 in the immediate trailing quarter (Q2 2020).

    The company reported consolidated total comprehensive income of Rs  134.74 crore for the quarter under review which was 189.5 percent more than the Rs 46.55 crore in Q3 2019. Network18 had reported a consolidated total comprehensive loss of Rs 18.78 crore in Q2 2020. Consolidated operating EBITDA for the period at Rs 268.25 crore was 204.3 percent more than the Rs 88.14 crore in Q3 2019 and was 247.4 percent more than the Rs 77.21 crore in Q2 2020.

    Network18 consolidated revenue from operations in Q3 2020 at Rs 1,473.70 crore was 3.3 percent lower than the Rs 1,524.01 crore in the corresponding year ago quarter and was 25.5 percent more than the Rs 1,58.87 crore in the trailing quarter. Consolidated total income for the period at Rs 1,490.52 crore was 3.1 percent lower than the Rs 1,538.04 crore in Q3 2019 but was 25 percent more than the Rs 1,192.09 crore in Q2 2020.

    Let us look at the other numbers reported by Network18 for Q3 2020

    Consolidated total expenses in Q3 2020 at Rs 1,304.38 crore was 14.6 percent lower than the Rs 1,525.88 crore in Q3 2019, but was 8.2 percent more than the Rs 1,205.05 crore in Q2 2020. Consolidated operating costs during the quarter under review declined 18.3 percent year-on-year (y-o-y) to Rs 636.56 crore in Q3 2019 from Rs 779 crore and increased 29.7 percent quarter-over-quarter (q-o-q) from Rs 490.67 crore in Q2 2020.

    Marketing, distribution and promotional expenses in Q3 2020 declined 4.6 percent y-o-y to Rs 230.12 crore from Rs 241.12 crore and declined 6 percent q-o-q from Rs 244.88 crore in Q2 2020. Employee benefits expense in Q3 2020 at Rs 243.65 crore declined 13.3 percent y-o-y from Rs 280.88 crore and declined 9.2 percent q-o-q from Rs 268.45 crore.

    Finance costs in the period under review increased 1 percent y-o-y in Q3 2020 to Rs 56.78 crore from Rs 56.20 crore, but declined 8.1 percent q-o-q from Rs 61.77 crore. Other expenses in Q3 2020 declined 30.5 percent y-o-y to Rs 93.42 crore from Rs 134.36 crore, but increased 1.3 percent q-o-q from Rs 92.20 crore.

    Company speak

    Network18 chairman Adil Zainulbhai said: “Across broadcasting and digital, our emphasis has been on delivering value to the consumer, expanding the partner ecosystem and raising profitability. We are constantly adjusting our programming and business model for the continual technology, consumer and regulatory changes in the business. We continue to invest in key areas of growth, expand our reach, and explore new avenues of monetization.”

    The company says in its investor release that linear TV subscription benefits (B2C) continued to accrue; 40 percent y-o-y revenue growth in Q3 2020. It says that implementation of the NTO (New Tariff Order) has created a transparent and non-discriminatory B2C regime, which continues to boost Network18’s TV subscription revenue. Improved distribution tie-ups across cable and telcos have brought the consumer closer to its content bouquet at an affordable optimum price.

    It says further that monetisation of content through digital partnerships (B2B) was driving step-up in profitability: In line with its strategy of being platform agnostic, the Network 18 group stitched multiple partnerships with notable digital platforms for serving their users a discerning selection of its content.

    The company says that though advertising recovered around the festive season, but it continued to remain under pressure: The prevalent weakness in macro-environment and sluggish spending appetite by advertisers continued to drag ad-revenue down y-o-y for both News and Entertainment. Shift of channels from DD Freedish to the Pay ecosystem continued to impact Hindi GEC ad-revenues for all the top broadcasters. The company feels that government initiatives to boost growth and a natural refresh-and-recalibration of ad-budgets should revive ad-growth as we head towards the new fiscal.

    Network18 claims that its digital-only subscription (B2C) was being incubated as a growth driver for the future. Further, Voot’s freemium version with offerings like digital- exclusive and digital-first broadcast content, as well as original content behind a pay-wall, is slated to be launched soon.

  • CAA protests helped English News ratings spurt in weeks 51 and 52

    CAA protests helped English News ratings spurt in weeks 51 and 52

    BENGALURU: Anti and pro CAA protests helped bump up English News viewership in weeks 51 and 52 of 2019 as compared to the previous week according to Broadcast
    Audience Research Council of India (BARC) weekly data. BARC data of top 5 English News channels for weeks 51 and 52 saw viewership jump 22.68 percent and 16.99 percent respectively for weeks 51 and 52 as compared to week 50 of 2019. Viewership of Top 5 English News channels in week 52 declined 4.63 percent as compared to week 51 of 2019.Combined viewership of top 5 English News channels in weeks 50, 51 and 52 was 1.883 million, 2.310 million and 2.203 million weekly impressions respectively.

    Week 50 = Saturday, 7 December 2019 to Friday, 13 December 2019
    Week 51 = Saturday, 14 December 2019 to Friday, 20 December 2019
    Week 52 = Saturday, 21 December 2019 to Friday, 27 December 2019

    It must be noted that (1) BARC released viewership data in the public domain for weeks 51 and 52 of 2019 on 3 January 2020 due to problems in collection of data from a number of states that faced protests for and against the CAA. Also BARC has reverted to an older method of considering data starting week 23 of 2019.

    Please refer to the chart below for combined ratings of top 5 English News channels
    between weeks 13 and 52 of 2019.

    Ratings of top 5 English News channels

    Please refer to the figure below for ratings of top 5 English News channels between weeks 13 and 52 of 2019. It must be noted that NDTV 24×7 was present for only week – week 51 of 2019 during the 40 week period in the figure below:

    Week 51 saw the entry of Prannoy and Radhika Roy-run NDTV 24×7 in BARC’s weekly list of top 5 English News channels after a long hiatus at the cost of pub-caster’s English News channel DD India. However, NDTV 24×7 entry was short-lived – it exited BARC’s weekly list of top 5 English News channels in week 52 with the return of DD India. The other 4 channels in BARC’s weekly lists were same during the three weeks under consideration in this paper. Please refer to the figure below for the ranking of top 5 channels between weeks 13 and 52 of 2019.

    As has been the norm in general, the Arnab Goswami-headed Republic TV was ranked one during all the three weeks under consideration. Republic TV scored 0.589 million,
    0.806 million and 0.748 million weekly impressions in weeks 50, 51 and 52 respectively. Times Now was also ranked second during all the three weeks under consideration with 0.508 million, 0.618 million and 0.569 million weekly impressions in weeks 50, 51 and 52
    of 2019.

    In week 50, DD India was ranked third with 0.313 million weekly impressions. In weeks 51 and 52, it was the India Today Group’s India Today Television that was ranked third with 0.362 million and 0.371 million weekly impressions respectively. India Today Television was at rank 4 in week 50 with 0.265 million weekly impressions. As mentioned above, NDTV 24×7 entered the list in week 51 with 0.269 million weekly impressions, while in week 52 it was DD India at rank 4 with 0.291 million weekly impressions.

    Network18’s CNN News18 was ranked fifth during all the three weeks under consideration. The channel scored 0.208 million, 0.255 million and 0.224 million weekly impressions in weeks 50, 51 and 52 of 2019 respectively.

  • TV and video people who made an impact in 2019 – Part II

    TV and video people who made an impact in 2019 – Part II

    MUMBAI: Moving on to Part 2 installment of Indiantelevision.com’s TV and video people who stood out in 2019. The first part was put out on 2 January 2020, and highlighted executives in random order. We will be following a similar tack in the second installment too. We scoured developments through the year and the role the executive played in bringing those to fruition. Their actions should have been impactful on the company they work with, and on industry.

    We reiterate that best efforts have gone in preparing this list, and any misses are purely accidental, or out of ignorance; no malice is intended. The list is random – not in any order of importance.  Part 3 will follow soon. Read on:

    Mukesh Ambani & Manoj Modi

    Ambani and his college friend, and no 2 in Reliance Industries, Manoj Modi, were the talk of the town during 2019. The year saw Ambani roll out fixed wired broadband services under Jio Fiber. Lower-than-expected data and broadband costs is something Ambani has got us used to, so they don’t surprise us any more.

    Ambani and Modi followed that dictum with Jio Fiber as well.

    The year also saw them and the distribution team getting tied up with the assimilation of Hathway and DEN – two multisystem operators Reliance acquired in 2018.

    Ambani continued to battle with Airtel and Vodafone with lower priced plans, and lured away subscribers from the two forcing them to bleed. Add to that the whammy hurled at them by the government regarding adjusted gross revenue (AGR) amounts payable which amounted to Rs 1.47 lakh crore for the sector. Both Vodafone-Idea and Airtel ran up humungous losses. Succor came towards the end of 2019, when all three agreed to raise data rates, something which is expected to benefit the three in terms of accruals.

    The year also was the one when the group vacillitated between retaining its ownership of  Network18 and TV18 and dumping it to interested parties like Sony Pictures Network India. The news was that the deal was close to closure in early December 2019, but into the new year and announcements are yet to be made.

     

    Sameer Nair

    After redefining the TV industry in the first decade of this century, media veteran Sameer Nair has now taken on the bet of premium web content. The man who has seen the earliest phase of Indian TV industry now has been leading the resurrection of Kumar Mangalam Birla’s content studio Applause Entertainment.

    Taking advantage of the Indian OTT explosion, Applause Entertainment delivered originals in 2019 to Hotstar, MX Player, SonyLIV, Amazon Prime Video and is in talks with other players as well for new projects.

    Rather than building Applause as a production house, Nair has built it as a studio that is investing in content and working with the best talent – whether it is directors or producers or on screen talent.

    Under his leadership, Applause Entertainment has already put out shows like Criminal Justice, Hostages, and  Hello Mini. More are being gestated and developed, and 2020 is likely to see some more of its offerings being rolled out with a greater impetus being put on content by the international and local streamers.

     

    Nikhil Gandhi

    Nikhil Gandhi was just your ordinary fast rising young TV executive with lots of enthusiasm and energy for his job at the Times Network, as head of its entertainment news channel Zoom and its production arm Zoom studio. But he was catapulted into the limelight towards late 2019, with his appointment as the Indian head of TikTok, a short form video user generated content app, which is the fastest growing amongst all in the Indian firmament.

    TikTok is blazing a trail and the youth cannot get enough of it. In fact, a new star has emerged on the digital horizon – that of the TikTok influencer who competes with traditional celebrities, courtesy this Chinese app, which is part of ByteDance.

    Mid-2019, its turkey, however, looked to be cooked with the government banning it from the digital stores in India, following the Madras high court saying it encouraged pornography and digital content. However, the court reversed its decision soon thereafter, and the app’s downloads continued to grow in a flood.

    Gandhi is now in the hotseat at TikTok at a time when the world is grappling with monetising digital video- whether professionally generated or user generated better. At his disposal, he will have his experience as a man manager, a distribution executive, and later as a content creator. Combining that the with the digital insights from Chinese leadership at ByteDance, he could well take it on a higher trajectory in 2020.

     

    Vijay Subramaniam

    The once advertising sales exec today holds probably the most important position in content in India – that of the originals head of Amazon’s Prime Video offering. For the large part, he has kept out of the limelight. It’s to his credit that his international originals boss Jame Farrell has let him lead all the creative initiatives and take creative decisions in India.

    And with reason: the soft-spoken bespectacled executive has done a stellar job so far. The digital shows he has commissioned are some of the better written, developed, and produced in India – Inside Edge Part 1 and II, Mirzapur, Four More Shots Please, Comicstaan, and Family Man. All of these received critical acclaim apart from generating oodles of buzz.

    That – apart from the fact that a Prime membership promises overnight delivery – have helped accelerate subscriptions to the service. 2020 will bring its challenges for Subramaniam and his team. Netflix is aggressively investing in content, as are the other players like Zee5, Hotstar and Voot. The demand for good creators, writers is growing and there’s only a limited number who understand development for the digital space.

     

     

     

    Gaurav Banerjee

    Star India Hindi entertainment president and head Gaurav Banerjee – GB as he is known – has a long association with the organisation and ecosystem. A former TV news journalist and producer, he has, laong with his boss Uday Shankar, churned out TV shows for Star Plus and Star Bharat which have constantly ranked tops on the BARC ratings. In a world of digital intermediation, Star’s channels and TV shows  – some which have been running for thousands of episodes – continue to make waves with audiences.

    GB’s creative and content expertise will be put to the test in the coming year as he has to sign up creators, and create cutting edge content for Hotstar Specials at lower budgets than that of the international streamers. So far what he has unveiled has generated some buzz amongst audiences and the creative community.

    GB strongly believes in the power of storytelling, the flexibility of creators on OTT platforms. His focus on a variety of content can be seen in Hotstar’s content bank –  a sports documentary, a big edgy legal drama, thriller, comedy , and a female-centric drama. Banerjee is equally contributing to new age video content as he did to traditional TV.

     

     

    Tarun Katial

    Tarun Katial has had a career full of smash hits and his latest long-running date with the Zee group’s OTT platform Zee5 is no exception. Over the past two years, Katial has taken the platform to the top level in both the AVoD and SVoD segments. He has restructured the team and rebuilt business strategy with his boss Amit Goenka’s assent. His 3V strategy – vernacular, video and voice – has proved to be highly successful.

    From striking deals with telecom players, a unique content deal with ALTBalaji, to engaging with top talents across the regions, bringing new tools for advertisers and consumers – Katial and his team have been proactive in reaching the audacious mission of 15 million daily active users (DAU). With its unique but massy content, ZEE5 can be a real threat to Hotstar.  

     

     

     

    Danish Khan  

    Sony Pictures Networks India’s Sony Entertainment Television business head Danish Khan is a typical backroom TV executive, who shies away from publicity, preferring to let his work do the talking. He has over the past couple of years kept a sharp eye on profitability at the channel he heads, keeping away flamboyant spending. Sticking to the knitting of delivering good non-fiction shows  – like The Kapil Sharma Show, KBC – which attract audiences in drove, he has helped SET stay at the top of the entertainment channel pie. Not that he has not experimented with fiction, just that it has not been as successful as his non-fiction initiatives.  

    His good efforts were rewarded during the year; he was handed the additional  mandate of turbocharging its digital streaming initiative SonyLiv. A relative slow mover in the streaming sweepstakes, SonyLiv has a lot of catching up to do. And Danish – a lot of learning. But he has shown that he is up to the task, given the fact that he led marketing at the entertainment channel once and today he heads it.  

    To help him in his SonyLiv responsibility, Danish has roped in the A-Team that works with him at SET, Ashish Golwalkar and Aman Srivastava.

    Under his leadership the streamer is all set to increase its focus on subscription and original content while its business has largely been driven by advertising revenues and catalogue offerings till now.  

    Nina Elavia Jaipuria

    From heading marketing at Sony to heading Kids TV and Hindi mass entertainment at Viacom18, Nina Elavia Jaipuria has had an interesting journey.

    In September 2018, she was entrusted with the additional responsibility of leading Viacom18’s Hindi mass entertainment channels, bringing Colors, Rishtey and Rishtey Cineplex under her purview.

    Today, as head – Hindi and kids TV network, Jaipuria now leads two of the company’s foremost broadcast ventures. Under her leadership, in 2019, Hindi entertainment channels launched many fiction and non-fiction shows helping Colors stay on top, amongst the top three or four in the category throughout the year. The show Bigg Boss continued to make waves digitally in 2019, probably being one of the most talked about shows of the year.

    In 2020, Jaipuria will continue to take the brands to the next level with bold, disruptive and empowering stories for respective channels.