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Tag: Network 18 Media

  • Krishna Menon appointed chief revenue officer at The Q India

    Krishna Menon appointed chief revenue officer at The Q India

    MUMBAI: QYOU Media has announced that it has appointed Krishna Menon as chief revenue officer of The Q India.

    Menon comes experienced in sales and marketing in the Indian media and entertainment industry. Before joining The Q India, he served as chief marketing officer at Sakal Media Group and general manager at Network 18 Media. He will be responsible for increasing advertising sales and boosting digital, channel and mobile platform revenues by creating new opportunities for monetization. With that he will also oversee The Q’s expansion into influencer marketing initiatives.

    Sunder Aaron, general manager at The Q said, “The Q India business is growing quickly, and we’re excited to build on this momentum by bringing Krishna onto our executive management team. Krishna has a proven track record of growing media and mobile businesses in the region. He’s also someone who knows how to fashion and cultivate a brand and will serve as a key player as we further grow The Q into the leading channel and programming brand for young Indians aged 20-30 years old.”

    Krishna Menon on his new journey said, “I am thrilled to be joining The Q India team. I look forward to helping build The Q into a premier entertainment brand for young Indians and capitalizing on new opportunities to maximize revenue potential through ad sales, channel distribution and influencer campaigns with partners.”

  • Carnival Cinemas targets 1000 screens by 2016; to foray into film production & distribution

    Carnival Cinemas targets 1000 screens by 2016; to foray into film production & distribution

    MUMBAI: Carnival Cinemas, which has taken the acquisitions route to spread its footprints across the country, is eyeing a total screen count of 1000 by 2016. The multiplex chain currently operates 300 screens in over 82 cities and is looking to pump in a sum of Rs 800 – 900 crore to reach the 1000 screen milestone.

     

    What’s more, sources close to the development inform Indiantelevision.com that Carnival Cinemas is also aggressively making in-roads in film production and distribution. The group has already started working on three South Indian film projects and has aspirations of making their first Bollywood movie in next three – six months. However, while the company is in talks with several directors, it is yet to zero in on its first commercial script.

     

    Carnival Cinemas has roped in Ssarita Singh as business head of its motion pictures division to spearhead the production initiatives.

     

    The Shrikant Bakshi owned Carnival Cinemas recently acquired the multiplex business of Housing Development and Infrastructure Ltd (HDIL) for a little over Rs 100 crore. It has also lapped up Big Cinemas multiplex chain from Anil Ambani’s Reliance MediaWorks for approximately Rs 700 crore. The chain also pocketed Star Gaze’s Glitz Cinemas from Mukesh Ambani-controlled Network 18 Media and Investments Ltd.

  • Television business props up Network 18 Q1-2014; prevent further reddening

    Television business props up Network 18 Q1-2014; prevent further reddening

    BENGALURU: Network 18 Media & Investments Limited (Network 18) reported a profit after tax (PAT) of Rs18.9 crore in Q1-2014, as compared to a loss of Rs 90 crore in Q1-2013. Results from three of the four revenue segments of the media and entertainment player reported losses, with television playing the lone hand in keeping profits for Q1-2014 buoyant and positive. Though Network 18 reports combined figures for Television and Motion Pictures, company officials confirmed that Motion Pictures had also added to Network 18 losses. Despite showing revenue growth, the other two segments -digital content and e-commerce business; and allied businesses also pulled down profits for Q1-2014. Let us take a look at the figures for Q1-2014 Operating revenue for Q1-2014 stood at Rs 556.6 crore on a reported basis. The corresponding figure for Q1-2013 was Rs 435.6 crore, hence showing a 28 per cent growth for Q1-2014. Operating revenue during Q1-2014, was however lower by 18 per cent as compared to the Rs 679.6 crore for the preceding quarter Q4-2013. Revenue from the television and motion business at Rs 437.4 crore was 47.2 per cent higher than the Rs 297.2 crore for Q1-2013 but about 8.6 per cent lower than the Rs 511.3 crore for Q4-2013. Revenue from digital content and e- commerce at Rs 106.9 crore grew 46.8 per cent as compared to the Rs 72.8 crore in Q1-2013, and was about 3.2 per cent lower than the Rs 110.4 crore during Q4-2013. Revenue for Q1-2014 from allied businesses fell 37.7 per cent to Rs 65.6 crore from Rs 105.3 crore in Q1-2013 and 36.7 per cent from Rs.103.6 crore in Q4-2013. Digital content and e-commerce reported a loss of Rs 43.5 crore. Allied businesses reported a loss Rs 9.9 crore and Rs 9.2 crore were contributed to the losses from discontinued operations. Television and Motion picture business propped up the company with an operating profit of Rs 23.8 crore. The company turned in a profit after tax of Rs 18.9 crore for the quarter. Network18 managing director Raghav Bahl said, “The macroeconomic environment continues to be challenging and growth prospects remain uncertain. Despite this backdrop, our core TV and digital businesses turned in a steady performance. We continued the profitable monetisation of our investments and raised growth capital in HomeShop18. There were pockets of weaknesses in our portfolio and we are committed to improving segments that are not meeting expectations. We have a strong portfolio of media businesses and remain confident of unlocking its value for our stakeholders”. Network 18,group CEO B. Saikumar said, “The core television and digital businesses got off to a stable start in the new fiscal year. Our entertainment broadcasting business showed strength and the e-commerce businesses grew strongly. While our news and infotainment businesses have seen distinct softness in advertising, our entertainment businesses led by Colors have performed well on this front. Motion pictures have seen losses this quarter and the management is confident of stemming them in the immediate term. Net distribution revenues from IndiaCast are on a strong growth trajectory and we continue to be enthused by its growth potential. Our e-commerce businesses continued their stellar growth and the digital content business grew steadily as well. We remain confident of delivering a strong year ahead.”