Tag: Mukta Arts

  • Q2-2016: Mukta Arts EBIDTA up 32%

    Q2-2016: Mukta Arts EBIDTA up 32%

    BENGALURU: Mukta Arts Limited EBIDTA increased 31.9 per cent YoY in the quarter ended 30 September, 2015 (Q2-2016, current quarter) to Rs 2.16 crore (13.8 per cent margin) as compared to Rs 1.64 crore (6.8 per cent margin), but declined 2.2 per cent QoQ from Rs 2.21 crore (14.5 per cent margin). The company’s net Total Income from Operations (TIO) in the current quarter fell 34.8 per cent YoY to Rs 15.61 crore from Rs 23.95 crore, but increased 2.5 per cent QoQ from Rs 15.23 crore.

     

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

     

    Mukta Arts reported a small Profit after Tax (PAT) for the current quarter at Rs 0.32 crore (2.1 per cent margin) as compared to a loss of Rs 0.03 crore in Q2-2015 and a loss of Rs 1.43 crore in the immediate trailing quarter.

     

    Segment performance

     

    Mukta Arts has four segments-Software Division; Equipment Division (including other income); Theatrical Exhibition Division and ‘Others.’

     

    Software Division reported revenue of just Rs 1.64 crore in Q2-2016 as compared to Rs 13.89 crore in Q2-2015 and Rs 0.03 crore in Q1-2016. The segment reported less than one fourth of operating profit YoY at Rs 0.08 crore as compared to Rs 0.33 crore. This division had reported an operating loss of Rs 1.94 crore for the immediate trailing quarter.

     

    Equipment Division reported revenue of Rs 0.09 crore in the current quarter as compared to Rs 0.1 crore each in Q2-2015 and Q1-2015. The segment reported operating profit of Rs 0.05 crore in Q2-2016 as compared to a loss of Rs 0.12 crore in Q2-2015 and a loss of Rs 0.04 crore in the immediate trailing quarter.

     

    Theatrical Exhibition Division reported revenue of Rs 12.02 crore in the current quarter as compared to Rs 0.07 crore in Q2-2015 and Rs 11.14 crore in Q1-2016. The segment reported operating profit of Rs 1.36 crore in Q2-2016; operating profit of Rs 0.07 crore in Q2-2015 and operating profit of Rs 0.49 crore in Q1-2016.

     

    ‘Others’ segment reported revenue of Rs 1.87 crore in Q2-2016; revenue of Rs 1.96 crore in Q2-2015 and revenue of Rs 1.97 crore in Q1-2016. The segment reported operating profit of Rs 0.53 crore in Q2-2016; operating profit of Rs 1.68 crore in Q2-2015 and operating profit of Rs 1.40 crore in Q1-2016.

     

    Let us look at the other numbers reported by Mukta Arts

     

    Mukta Arts’ Total Expenditure in Q2-2016 reduced 37.3 per cent YoY to Rs 14.89 crore (95.4 per cent of TIO) from Rs 23.74 crore (99.1 per cent of TIO), but increased 3.4 per cent QoQ from Rs 14.41 crore (94.6 per cent of TIO).

     

    Distributors and producers share in the current quarter reduced 31.1 per cent YoY to Rs 3.96 crore (25.3 per cent of TIO) from Rs 5.74 crore (24 per cent of TIO), but increased 11.9 per cent QoQ from Rs 3.53 crore (23.2 per cent of TIO).

     

    Employee Benefits Expense in Q2-2016 increased 38 per cent YoY to Rs 2.12 crore (13.6 per cent of TIO) from Rs 1.54 crore (6.4 per cent of TIO), but reduced 2.6 per cent QoQ from Rs 2.18 crore (14.3 per cent of TIO).

     

    Purchase of Food and Beverages cost increased 18.9 per cent YoY to Rs 0.85 crore (5.4 per cent of TIO) from Rs 0.71 crore (3 per cent of TIO) and increased 7.7 per cent QoQ from Rs 0.79 crore (5.2 per cent of TIO).

     

    Finance costs in Q2-2016 reduced 12.9 per cent YoY to Rs 1.83 crore (11.8 per cent of TIO) from Rs 2.11 crore (8.8 per cent of TIO), but increased 5.4 per cent QoQ from Rs 1.74 crore (11.4 per cent of TIO).

  • Mukta Arts signs MoU with Foxconn Technology

    Mukta Arts signs MoU with Foxconn Technology

    MUMBAI: Mukta Arts’ Whistling Woods International has signed an agreement with Foxconn Technology Group for setting up a Media Lab at the film school.

     

    As part of the agreement, Foxconn Technology Group will supply equipment to Whistling Woods Institute at Goregaon, Mumbai. The two will work together to create a high quality content hub at Whistling Woods in Film City, Mumbai.

     

    The duo, as part of the agreement, is looking at producing content jointly by using the talent coming out of Whistling Woods Institute. “However, the talks are at preliminary stage and no details for the same are finalised so far,” the company said in a statement to BSE.

  • 2014: An astonishing year for regional cinema

    2014: An astonishing year for regional cinema

    2014 was an interesting year. It started with a great deal of promise but at the end there is a feeling of unfulfillment too.

    What started with new films of different and interesting genres doing well at the box office ended slightly unsatisfied with some big film with a lot of expectation underperforming slightly.

    English content though continued to perform well with a lot of Hollywood’s big films doing really well at our BO. There is an increasing anticipation for these films and every year we are seeing more dubbed languages adding to the size of the release.

    Regional cinema, especially Marathi, has had an astonishing year. Audiences have clearly chosen to enjoy these films because they are telling intimate stories close to their heart. Still lessons were learnt and I think 2015 again holds great promise.

    There were also various trends in content in 2014; perhaps these trends didn’t follow through that well in the second half of the year. Content is certainly king right now and audiences are becoming very selective of the films they see. This is something that will continue, I think as prices for the content rise, people will become more and more elastic, choosing only films that they really want to see.

    I think next year has a lot of terrific looking films lined up and I expect films to build on this expectation to push audiences to the cinemas.

    Social media and the connected mediums will continue to drive a lot of reaction and indeed influence content. This trend will continue to get stronger as more and more people join the medium. Content viewing online is something that will also grow strongly. Without doubt this is an area where mobile internet will help greatly and the promise of 4G will fuel the need for content and the desire to consume it.

    I also think the trend of over-marketing films will also continue. Maybe for a short term but at the moment I truly feel marketing budgets are out of sync with the feasibility of a lot of the films they are being spent on and this is a slightly worrying trend. Sadly, there are no trends this year that have died out! I think there are always trends that die out and then slowly re-emerge as a ‘new’ trend again a few years later but I don’t think trends die out completely.

    Old wine in a new bottle is what our films are based on and I don’t think our audience will tire of that anytime soon.

    (These are purely personal views of Mukta Arts MD Rahul Puri and indiantelevision.com does not necessarily subscribe to these views.)

  • Marketing costs and independent films, an uneasy mix, says Rahul Puri

    Marketing costs and independent films, an uneasy mix, says Rahul Puri

    How many of us actually watch small films? Films that perhaps don’t have the big star cast or the big directors. Maybe there are films that don’t have the backing of big studios and will rely heavily on word of mouth from the target group, referring it to peers. How many of us really go to the theatre, pay Rs 250+ and watch these films?

     

    I doubt the answer to my question is, many, if we are being honest. The reality is that in spite of most of us moaning about the quality of storytelling in films, we generally base our film watching decisions on factors like star cast and the amount of marketing visibility. The small films usually lack these ingredients and therefore, they are not top-most in the minds of the viewers when it comes to choice for consumption. And this is usually despite the potential of their story.

     

    Forgive me for this roundabout way of getting to the point. There is a huge issue of marketing films in our business and the smaller, independent films (the films a lot of people laud as ‘good cinema’) usually ends up with the short end of the stick. An old time distributor would call these films ‘art-house’ or say they aren’t commercial and therefore, they can’t be marketed well. But there is a distinction between something that is targeted to a niche and something that is completely unmarketable.

     

    One of the large issues that our business has to address over the next few years are niche films and how we deal with them and create a viable business model for them. The West has art house theatres and a thriving independent circuit including channels, festivals and markets where films out of the mainstream can find a way to be commercial in nature.

     

    India has to find a way to resolve this issue too. We have many terrific films that don’t make it to theatres and therefore, we deprive our audiences of seeing some really great films. Look at the films that win National Awards. How many of us actually see them outside their home state? Would it not make sense for the rest of the country to see them? Are these stories that wouldn’t resonate with other Indian audiences? I can’t say the answer is yes for sure but in general it has to be true.

     

    Marketing costs and promotional expenses is one of the main bone of contention here. A film is considered impossible to release if it can’t justify a certain spend on marketing and promotion. The absolute amount of this figure has grown over the years thanks to increase in prices of media as well as the growth of media outlets and platforms. Today a film is deemed to have had a poor release if it doesn’t do the latest reality shows, launch a motion poster at a 5 Star hotel or do an eight city tour for press and promotion. All this, plus traditional forms of advertising and other marketing tools costs money. Lots of it. Where do little, independent films get this money from?

     

    Moreover, if a small film does get this finance, how do they decide what is actually effective and what is not? Marketing campaigns have a template to them these days and all agencies try to enforce this upon producers stating previous successes or competitors spend. This sometimes is relevant but mostly it’s about consuming the all important inventory that most of the agencies, channels and platforms need to exhaust in order to enhance profitability. Whether it’s needed, effective or even useful for a particular film is secondary at times. Thus, a small film is over burdened making it more unprofitable thus perpetuating the cycle that these films are generally a huge risk.

     

    So what’s the solution? Well, better and more innovative marketing planning, campaigns and execution. Most of which is probably available and there are agencies and marketing gurus out there capable of delivering. It will just take a producer or a studio the gumption of saying no to the herd mentality and giving it a real shot. The filmmakers really deserve it.

  • Mukta Arts revenue, loss down in Q2-2015

    Mukta Arts revenue, loss down in Q2-2015

    BENGALURU: Mukta Arts Limited (MAL) reported lower Total Income from Operations (TIO) of Rs 23.95 crore in Q2-2015 versus the Rs 24.99 crore in the immediate trailing quarter and almost a fourth of the Rs 85.16 crore in the corresponding year ago quarter.

     

    The company also reported lower loss in Q2-2015 at Rs 0.03 crore versus a loss of Rs 24.62 crore in Q1-2015 and a nominal PAT of Rs 0.16 crore in Q2-2014. TIO in HY-2015 was Rs 48.93 crore, less than a third of the Rs 156.60 crore in HY-2014. The company has reported y-t-d a loss of Rs 24.65 crore versus PAT of Rs 0.91 crore in HY-2014.

     

    The company’s financial statements indicate that its income from operations include Rs 3.5 crore relating to certain rights in Q2-2015. MAL’s other income includes Rs 1.19 crore, the proceeds of a keyman insurance policy.

     

    Notes:  100,00,000 = 100 Lakhs = 10 million = 1 crore

     

    Let us look at the other figures reported by the company

     

    MAL total expenditure (TE) in Q2-2015 at Rs 23.74 crore was 52.3 per cent lower (less than half) the Rs 49.74 crore in Q1-2015 and 71.9 percent lower (less than a third) of the Rs 84.61 crore in Q2-2014. HY-2015 TE at Rs 73.48 crore was 52.6 per cent less than the Rs 154.95 crore in HY-2014.

     

    Distributors/producers share in Q2-2015 was less than a fourth at Rs 5.74 crore of the Rs 23.04 crore in Q1-2015 and 1/13.6 times the Rs 78.21 crore in Q2-2014. Distributors/producers share in HY-2015 was Rs 28.78 crore, for HY-2014, it was Rs 143.15 crore.

     

    Amortisation of tangible assets including film rights (amortisation expense) in Q2-2015 was Rs 9.26 crore versus the Rs 19.5 crore in Q1-2015 and the Rs 0.37 crore in Q2-2014. HY-2015 amortisation was Rs 28.76 crore, in HY-2014 it was Rs 0.42 crore.

     

    During the current quarter, the company commenced its cinemas at Sangli and Hyderabad. Its Theatrical Exhibition segment’s revenue in Q2-2015 was Rs 8.11 crore as compared to the Rs 6.32 crore in Q1-2015 and the Rs 3.52 crore in Q2-2014. For HY-2015, revenue from Theatrical Exhibition segment revenue rose to Rs 14.43 crore from Rs 7.2 crore in HY-2014. The segment reported operating profit of Rs 0.07 crore versus an operating a loss of Rs 0.14 crore in Q1-2015 and an operating loss of Rs 0.24 crore in Q2-2014. Operating loss for HY-2015 at Rs 0.7 crore was lower than the Rs 0.16 crore in HY-2014.

  • 9X Jalwa join hands with Lays

    9X Jalwa join hands with Lays

    MUMBAI: To provide an extra dose of entertainment to music lovers, 9X Jalwa has partnered with Ruffles Lays to present viewers with a special integrated show titled ‘Lays Magical 15’. In every episode of the show it will feature 15 blockbuster songs from Bollywood’s most prominent production banners like Rajshri Productions, Mukta Arts, Dharma Productions, RK Films etc.

     

    Besides the popular tracks, Lays Magical 15 will also feature interesting trivia around the film and its music.

     

    9X Media chief revenue officer (CRO) Pawan Jailkhani believes that the special show will provide the viewers with forever young flavour of Bollywood and help the brand reach out to its target consumers (15-24 age group).

     

    He further says: “Being the country’s largest music television network, 9X Media through its five channels is a big influencer amongst the youth. Our innovative and compelling content has always resonated well with our viewers. Majority of the big marketers and advertisers engage with us through cutting edge brand integration campaigns featuring our animated characters.”

     

    The show will air every Thursday at 7pm and repeats will be shown every Friday at 7pm.

  • Software segment leads Mukta Arts to loss in Q1-2015

    Software segment leads Mukta Arts to loss in Q1-2015

    MUMBAI: Mukta Arts reported standalone net loss of Rs 24.62 crore in the quarter ended June 2014 (Q1-2015) as against net profit of Rs 0.74 crore during the previous quarter ended June 2013 (Q1-2014) and loss of Rs 3.35 crore in the quarter ended March 2014.

     

    Q1-2015 saw the loss in the software segment of the company of Rs 25 crore. While Q4-2014 also saw a loss of Rs 2.69 crore in the segment, the segment had shown a profit in Q1-2014 of Rs 0.69 crore.

     

    As net sales of the company declined 66.89 per cent to Rs 23.09 crore in Q1-2015 as compared to Rs 69.73 crore during Q1-2014 and fell 57 per cent against Rs 53.95 crore in Q4-2014, the revenue for the software division contracted 67 per cent in Q1-2015 to Rs 16.75 crore versus Rs 51 crore in Q4-2014 and was 75 per cent lower than Rs 65.92 crore in Q1-2015.

     

    The total income from operations (net) for Q1-2015 fell 65 per cent to Rs 24.95 crore versus Rs 71.44 crore in Q1-2014 and was 56.3per cent lower than Rs 57.1 crore in Q4-2014.

     

    The company reported a 29.3 per cent fall in total expenditure to Rs 49.73 crore as against the total expenditure for Q1-2014 which was Rs 70.34 crore and 17 per cent lower than the total expenditure for Q4-2014. Mukta Arts paid Rs 23.06 crore as producers and distributors cost in Q1-2015

     

    The company reported 49 per cent increase in finance costs in Q1-2015 versus Rs 1.32 crore in Q1-2014.

     

    Click here for the financial

  • Mukta Arts elevates Rahul Puri

    Mukta Arts elevates Rahul Puri

    MUMBAI: Mukta Arts has elevated its executive director, Rahul Puri as the new MD for the company. Subhash Ghai shall work in the power of chairman of the media and entertainment company. The company has welcomed this transformation as a way to introduce constructive innovations.

     

    Also in a filing to the BSE, the board of the company has decided to conform with the provisions of Section 203 of the Companies Act, 2013 as per which an individual cannot be chairman and MD of the company at the same time.

     

    The BSE-listed Mukta Arts is largely into movie production and distribution business that has now entered the movie exhibition business with Mukta A2 Cinemas.

     

    “After working for 30 years as managing director of Mukta Arts, I feel pleased today that the responsible chair of managing director of Mukta Arts has been entrusted to Rahul Puri by board of directors. I share this collective decision proudly since like others, I am aware of the capacity and capability of Rahul Puri who has been working with Mukta Arts for years as a director,” said Ghai.

     

    “Rahul Puri is a man of great integrity, quality and responsibility and possesses a complete knowledge of this business in terms of art, commerce and finance.  Especially being a finance man himself he will take the company to the newer heights, I am sure. I convey my best wishes to him for every success in Mukta Arts with a great future ahead,” added Ghai.

  • DD Urdu revamps itself with a bouquet of new programmes

    DD Urdu revamps itself with a bouquet of new programmes

    MUMBAI: DD Urdu has infused fresh blood in its programming with a bouquet of new serials and shows that encapsulate the essence of our heritage and culture and feature relevant societal issues, and now they are set to enchant the audience with their creative brilliance. The step has been taken in continuation of the revamp activity that was initiated on 15th January, 2014. The time band of 6:30 pm to 10:00 pm has been scheduled for 40 new commissioned programmes.

     

    The shows will cover different genres to appeal to the different brackets of audience. The channel will showcase serial based on the memorable works of Urdu literary stalwart Saadat Hasan Manto, produced by Mukta Arts. Some of the fictions to be aired are based on classic Urdu literature like, ‘Bagh-o-Bahar’.

     

    The popular genres like thriller, comedy and musical reality shows are also included in this bouquet. DD Urdu has roped in eminent TV personalities as director/producer of the programmes, Sh. Parikshit Sahni is one them for example. A well known name of the music world, Ms. Ila Arun will direct one musical reality show titled ‘Main Khayal Hoon Kisi Aur Ka, Mujhe Sochta Koi Aur Hai’, this one hour reality show is scheduled on every Sunday at 8:00 pm.

     

    Other music shows based on devotion, ghazal and patriotic lyrics are scheduled in morning and evening like ‘Naghma-e-Marifat’, ‘Sada-e-Watan’ and ‘Junoon-e-Ghazal’, etc. will be televised. Four documentary series on science, painting and Urdu poets, two chat shows (one on marginality issues and other on women discourse), one health show, one cookery show, one travel show, one docu-drama named ‘Hindustan Ki Talash’ written by Hon’ble Minister Sh. Salman Khursheed, one literary programme ‘Aaftab-e-Sukhan’, one programme for children titled ‘Nasha Masiha’ are scheduled to give a fresh look to DD Urdu. Other serials like ‘Akhir Kab Tak’, ‘Aangan’, ‘Firangee’ and ‘Chiraagh’ are also to be aired.

     

    Adding more flavour to this feast of entertainment, 3 films are being telecast on Wednesday, Friday and Sunday at 2:00 pm, repeat at 10:00 pm. Some in-house programmes are being aired, like, ‘Guftagoo- Walk the Talk’, ‘Mubahisa’, ‘Yaadon Ke Dareeche Se’, ‘Aina-e-Maazi’ and ‘Mushaira’ etc.

     

    Some in-house programmes on National, Middle East, South Asia, neighbouring countries and international current affairs are also scheduled at 9:30 pm. 10 Urdu news bulletins are also on air.

     

  • Mukta Arts launches four theatres this festive season

    Mukta Arts launches four theatres this festive season

    MUMBAI: Mukta Cinemas, a division of Mukta Arts Limited, has launched four new theatre properties under its brand name “Mukta A2 Cinemas”.

    These are: Jaihind Mukta A2 Cinemas in Lalbaug Mumbai (2 screens), Mukta A2 Cinema in Banswara, Rajhastan (2 screens), Mukta A2 Cinema in Junnar Maharashtra (single screen) and Mukta A2 Cinema in Sailu Parbhani (single screen).

    All the properties have begun with the superhit film Krrish 3.

    With these additions, total properties under Mukta Cinemas in operation rose to seven with total screens at 17. Apart from the additions mentioned above, work is already underway for 10 more properties that will further take the screen count to nearly 45.