Tag: production

  • Tips film segment reports loss of Rs 19.6 crore for Q2-2014; audio products PAT lower

    Tips film segment reports loss of Rs 19.6 crore for Q2-2014; audio products PAT lower

    BENGALURU: Note (1) Considering the nature of business carried on by the company whereby revenues do not necessarily accrue evenly over the year, the results of the quarter may not be representative of the result for the year. As such, the result of the current quarter is not comparable with the result of corresponding quarter.

     

    (2) A major film project by the company starring Akshay Kumar ‘Its Entertainment’ is slated for release in May 2014.

     

    Despite two significant releases in Q2-2014 – Ramaiya Vastavaiya and Phata Poster and Nikla Hero, the Taurani brothers led Tips Industries Limited (Tips) reported a net loss of Rs (-22.32) crore for the quarter, with its film

     

    production/distribution segment chipping in with loss of Rs (-19.6) crore.  The segment reported revenue of Rs 36.51 crore for Q2-2014, as compared to a small Rs 0.06 crore for the corresponding quarter of last year with a loss of (-1.99 crore) and the Rs 0.32 crore for Q2-2014 with a loss of Rs (-1.73) crore.

     

    Audio products sales/income at Rs 6.48 crore for Q2-2014 was 20.3 per cent lower than the Rs 8.13 crore for Q2-2013 and 15.7 per cent lower than the Rs 76.9 crore for Q1-2014. The segment returned a profit of Rs 3.51 crore which was 46 per cent lower than the Rs 6.49 crore for Q2-2013 and 44.2 per cent lower than the Rs 6.29 crore for Q12-104.

     

    Total Income from operations for Q2-2014 was Rs 42.99 crore, which was 5.25 times the Rs 8.18 crore for Q2-2013 and 5.37 times the Rs 8 crore q-o-q.

     

    Total expenditure for Q2-2014 at Rs 62.67 crore was more than 10 times (10.55 times) the Rs 5.94 crore y-o-y and 9.98 times the Rs 6.28 crore q-o-q.

     

    Correspondingly, cost of film production/distribution expense at Rs 55.39 crore for Q2-2014 was much higher than the Rs 1.14 crore for Q2-2013 and the Rs 1.28 crore for Q1-2014.

  • Sri Adhikari Brothers PAT q-o-q jumps 25 per cent in Q2-2014

    Sri Adhikari Brothers PAT q-o-q jumps 25 per cent in Q2-2014

    BENGALURU:  Sri Adhikari Brothers Television Network Limited (Sri Adhikari Brothers) reported a PAT of Rs 2.28 crore for Q2-2013, 24.6 per cent higher than the q-o-q PAT of Rs1.83 crore for Q1-2014.But Q2-2014 PAT dropped by 13 per cent as compared to the y-o-y PAT of Rs 2.62 crore for the corresponding quarter of last year (Q2-2013). The content provider had reported a loss of Rs 3.02 crore for Q4-2013.

     

     Net Sales/Income from operations for Q2-2014 at Rs 18.13 crore was 3.5 per cent higher than the Rs 17.52 crore for the trailing quarter (Q1-2014) and 29 per cent higher than the Rs 14.05 crore for Q2-2013.

     

    Let us look at the other results reported by Sri Adhikari Brothers for Q2-2014.

     

    Earnings before interest, depreciation and taxes (EBIDT) for Q2-2014 at Rs 5.04 crore was 10.7 per cent more than the Rs 4.56 crore for Q1-2014, but 15.8 per cent less than the EBIDT of Rs 5.99 crore for the corresponding quarter of last year.

     

    Sri Adhikari Brothers’ total expenditure for Q2-2014 at Rs 15.42 crore was about 0.9 per cent more than the Rs15.28 crore for Q1-2014 and 38.4 per cent more than the Rs 11.14 crore for Q2-2013.

     

    Production/direct expenditure for Q2-2014 at Rs 11.07 crore was 3.7 per cent more than the Rs 10.68 crore for Q1-2014 and 48.8 per cent more than the Rs 7.44 crore for Q2-2013.

     

     Other expenditure at Rs 1.67 crore for Q2-2014 was 13.4 per cent lower than the Rs 1.93 crore for Q1-2014 and 40.4 per cent more than the Rs 1.19 crore for the corresponding quarter of last year.

     

    Depreciation was almost flat for the three quarters – Rs 2.32 crore for Q2-2014, Rs 2.30 crore for Q1-2014 and Rs 2.36 crore for Q2-2013.

     

    Interest and finance charge for Q2-2014 at Rs 0.4437 crore was 4.6 per cent higher than the Rs 0.4241 crore for Q1-2014 and less than half (41.4 per cent) of the Rs 1.0223 crore q-o-q.

     

    Notes:  (1) In the AGM held on 27 September 2013, the company declared and paid final dividend at the rate of Rs 0.60 per equity share of Rs 10 each aggregating to Rs 1.4967 crore

     

    (2) Provision for tax and deferred tax as applicable will be considered by the company at the end of the financial year

  • Bag Films q-o-q loss up 34% for Q2-2014; Radio segment major contributor to loss

    Bag Films q-o-q loss up 34% for Q2-2014; Radio segment major contributor to loss

    BENGALURU: B.A.G. Films & Media Limited (Bag Films) reported consolidated income from operations of Rs 32.65 crore for Q2-2014 which was 9.7 per cent lower than the Rs 36.13 crore for Q1-2013 and almost flat as compared to the Rs 32.67 crore for Q1-2014. The company reported a 33.8 per cent higher loss at Rs (-4.35) crore for Q2-2014 as compared to the Rs (-3.25) crore for Q1-2014. Bag Films had reported a profit of Rs 5.62 crore for the corresponding quarter of last year (Q2-2013). For FY-2013, Bag Films had reported a loss of Rs (-8.86) crore.

     

    Bag Films’ Radio segment was a major contributor to the loss for Q2-2014. The segment reported revenue of Rs 1.01 crore for Q2-2014, which was 44.4 per cent lower than the Rs 1.82 crore for Q2-2013 and 35.3 per cent lower than the Rs 1.56 crore for Q1-2014.

     

    Bag Films FM Radio segment incurred a massive loss of Rs 1.71 crore (39.3 per cent of total loss) for Q2-2014. FM Radio segment had returned positive results of Rs 0.1257 crore for Q2-2013 and Rs 0.5086 crore for Q1-2014. Bag Films FM Radio segment operates under the brand name ‘Radio dhamaal’ and is available at the frequency of 106.4 and is present in seven states and 10 towns of India.

     

    Let us look at the other consolidated figures reported by Bag Films for Q2-2014

     

    Total expenditure for Q2-2014 at Rs 33.99 crore was one per cent more than the Rs 33.64 crore for Q2-2013 and 1.6 per cent higher than the Rs 33.44 crore for Q1-2014.

     

    Other expense at Rs 26.03 crore for Q2-2014 was eight per cent higher than the Rs 24.09 crore for Q2-2013, but 13.4 per cent lower than the Rs 30.07 crore for Q1-2014.

     

    Finance cost for Q2-2014 at Rs 3.61 crore was 29.4 per cent more than the Rs 2.79 crore for Q2-2013, but 1.9 per cent lower than the Rs 3.68 crore for Q1-2014.

     

    Segment Results

     

    Bag Films operates in five segments: Audio-visual production, Movies, Leasing, FM Radio and Television Broadcasting.

     

    Its audio-visual production segment reported revenue of Rs 12.80 crore for Q2-2014 which was 42.2 per cent more than the Rs 9 crore for Q2-2013 and 28.2 per cent more than the Rs 9.98 crore for Q1-2014. This segment returned positive result of Rs 1.56 crore which was 24.6 per cent lower than the Rs 2.07 crore of the corresponding quarter of last year. The segment had returned negative results of Rs (-0.44) crore for Q1-2014.

     

    Bag Films leasing segment had segment revenue of just Rs 0.1357 crore for Q2-2014 as compared to the Rs 0.1871 crore for Q2-2013 and the Rs 0.4634 crore for Q1-2014. Loss from this segment was another major contributor (26.7 per cent of total loss for the quarter) to the overall loss incurred by the company. For Q2-2014, Bag Films leasing segment reported loss of Rs (-1.16) crore, which was 7.5 per cent lower than the Rs (-1.25) crore for the corresponding quarter of last year about 2.61 times the loss of Rs (-0.44) crore for the immediate trailing quarter.

     

    Bag Films runs News 24 and E24 television channels. Its television broadcasting segment reported 25.6 per cent lower revenue at Rs 18.70 crore as compared to the Rs 25.13 crore for the corresponding quarter of last year and 9.5 per cent lower than the Rs 20.67 crore for Q1-2014. This segment returned a 20 per cent lower positive Rs 7.02 crore as compared to the Rs 8.78 crore for Q2-2013,but 15.3 per cent more than the Rs 6.09 crore for Q1-2014.

     

    The company reported nil results for its Movies segment.

  • Encore! PVR repeats blockbuster results for Q2-2014

    Encore! PVR repeats blockbuster results for Q2-2014

    BENGALURU:  Indian motion picture exhibition, production and distribution house PVR Limited (PVR) repeated, actually bettered by far, its Q1-2014 stellar results during Q2-2014. PVR’s consolidated revenue for quarter ended 30 September 2013 stood at Rs 367.1 crore up 89 per cent as compared to Rs 193.6 crore during the corresponding period of last year and nine per cent more than PVR’s consolidated revenue for Q1-2014 which was Rs 337.3 crore.

     

    Consolidated profit after tax (PAT) at Rs 27.7 crore up by 71 per cent as against of Rs 16.1 crore in the September quarter last year (Q2-2013), and more than double the PAT of Rs 13.6 crore in Q1-2014.

     

    The company says that it has delivered a strong financial and operational performance in the quarter especially given that there were only two big releases – Chennai Express and Bhaag Milka Bhaag in the quarter as compared to five big films (Ek Tha Tiger, Barfi, Bol Bachan, Dark Knight  and Amazing Spiderman) a year-ago. The company also says that footfalls increased by eight per cent to 1.66 crore in the quarter while average ticket prices rose by four per cent as against same period last year.

     

    NOTE : (1) The board of directors in the meeting held on 15 June 2013, approved the composite scheme of amalgamation (Scheme) for the merger of Cine Hospitality Private Limited its wholly owned subsidiary and Cinemax India Limited along with its subsidiaries companies, namely , Nikmo Entertainment Limited, Odeon Shrine Multiplex Limited, Vista Entertainment Limited, Growel Entertainment Limited and Cinemax Motion Pictures Limited with the Company from the appointed date of 1st April 2013. As per the proposed Scheme, which is subject to approval of shareholders, creditors and regulatory authorities, the minority shareholders of Cinemax India Limited will receive equity shares of PVR Limited in the swap ratio of four equity shares of PVR Limited against seven equity shares of Cinemax India Limited. Further, SEBI, NSE & BSE have given their NOC in the current quarter and 7 December 2013 has been fixed by the Hon’ble High Court, New Delhi for holding the meeting of members and creditors of the Company.

     

    (2) The company in Oct 2013 entered into an agreement for sale of Anupam multiplex property located at Saket, New Delhi for a total consideration of Rs 52 crore. The sale and property is in line with company’s strategy to maintain an asset light business model.  The sale will release substantial capital to fund the future projects and enable the company to improve its Return on Capital Employed says PVR.1

     

    Let us look at the figures reported by PVR Limited for Q2-2014
    Exhibition Business

     

    PVR

    PVR’s standalone revenue of Rs 237.94 for Q2-2014 was 32 per cent more than the Rs 179.87 crore for Q2-2013 and 13.75 per cent more than the Rs 209.18 crore for Q1-2014.

     

    Expense for Q2-2014 at Rs 192.58 crore was 33 per cent more than the Rs 145.26 crore of Q2-2013 and 11 per cent more than the Rs 173.16 crore of Q1-2013.
    It’s EBIDTA for Q2-2014 at Rs 45.36 crore (Margin 19.1 per cent) as compared to the Rs 34.61 crore (Margin 19.2 per cent) for Q2-2013 and Rs 36.02 crore (Margin 17.2 per cent) for Q1-2014.111

     

    PVR’s standalone PAT for Q2-2014 at Rs 21.83 crore was 46 per cent more than the Rs 14.96 crore of Q2-2013 and more than a third (up 34 per cent) of the Rs 16.25 crore in Q1-2014.

     

    Cinemax

     

    Revenue for Q2-2014 from Cinemax at Rs 111.77 crore was five per cent lower than the Rs 117.44 crore for Q2-2013 and three per cent more than the Rs 108.62 crore for Q1-2014.

     

    Expense for Q2-2014 at Rs 84.43 crore was three per cent lower than the Rs 87.15 crore of Q2-2013 and 1.3 per cent lower than the Rs 85.52 crore of Q1-2014.
    EBIDTA for Q2-2014 was Rs 27.34 crore (24.5 per cent); for Q2-2013 – Rs 30.9 crore (25.8 per cent) and Rs 23.09 crore (21.3 per cent) for Q1-2014.

     

    Q2-2014 PAT at Rs 13.08 crore was 17 per cent lower than the Rs 15.81 crore of Q2-2013, but over 2 and half times (2.52 times) of the Rs 5.19 crore of Q1-2014.
    PVR says that Cinemax ATP was flat on account of harmonising of ticket pricing on weekdays and weekends in accordance with PVR pricing strategy and tax free Marathi films played in the western circuit.

     

    Food and beverage revenues grew by 25 per cent over corresponding quarter of previous year on account of success of the various strategic initiatives taken by the company. A 42 per cent growth in Sponsorship revenues reflected strong continuing positive performance year on year.

     

    PVR chairman cum MD Ajay Bijli said, “The strength of the film line up for the second half coupled with our solid first six months performance underpins our confidence that we are on track with our plans for the full year. We have maintained the position as the leading multiplex player in India and in this quarter we will surpass an important milestone of 400 screens in India.”

  • YouTube launches Comedy Week in India

    YouTube launches Comedy Week in India

    NEW DELHI: YouTube in close collaboration with leading Indian content producers and production houses has announced the launch of Comedy Week in India. Running from 5 September until 12 September, YouTube will play home to the best of Indian comedy with over 400 hours of comedy content curated all on YouTube India’s channel at www.youtube.com/comedyweek.

    The week will feature a wide range of content including best comedy scenes from Bollywood, all-time favourite TV comedy shows Comedy nights with Kapil,Great Indian laughter challenge, MTV Bakra, Kahani Comedy Circus ki, best of Indian mimicry and Indian regional language comedy content in Telegu, Tamil, Marathi, Punjabi, Malayalam, Gujarati and Kannada.

    As part of Comedy week launch in India, YouTube, in partnership with production houses, has also launched over 35 new YouTube exclusive shows featuring stand-up comedy acts from the biggest names in comedy in India. O4 Digital Media will launch YouTube channels featuring content from leading comedy stars in India such as Cyrus Broacha, Vir Das, Bharati, Krushna, VIP, Saurabh Pant and Sugandha Raja Sagoo and many more.

    Comedy Week also would not be complete without getting some of the funniest YouTube partners in India on board. Over the next seven days, you can watch brand new content produced by popular YouTube comedy creators including Jay Hind TV, TheViralFever and NH7.

    Speaking at the launch of Comedy Week, YouTube APAC director content partnerships Gautam Anand said, “Here in India, comedy shows contribute to over 30 per cent of total watch hours within the TV shows category, and in the past year, comedy show viewership has shown one of fastest growth in viewership. Bringing Comedy Week to India allows us to give India’s audiences more of the content they love and discover new content that they can only enjoy on YouTube. We have also worked hard with the biggest names in the comedy in India and are excited to bring more leading Indian comedy content onto one destination on YouTube.”

    Google India director marketing Sandeep Menon also launched YouTube’s first television commercial in India for comedy week.

    Speaking at the launch, Sandeep said, “YouTube globally is on fire: There are over one billion people coming onto YouTube every month and over six billion hours of video watched every month. We’ve seen tremendous growth and momentum for YouTube here in India and today we are launching Comedy Week to help reach out to the first time Internet users in India and give them a reason to get onto the Internet for their daily dose of entertainment.”

    Comedy Week will also feature content from premium broadcasters and film production houses like Rajshri, Eros, T-series, Shemaroo, Disney, Star, Colors, SabTV, Sri Adhikari Brothers, Telguone, MTV, Yash Raj films who will showcase content from this existing catalogues and specially produced content for comedy week.

    Speaking about the launch of 25 new shows on YouTube for Comedy Week, O4 Digital Media founder and executive chairman Sanjiv Sharma said, “We have had a long standing relationship with comedy and TV, now with YouTube becoming the go to destination for all video content and the creative freedom that it offers, we want to establish a strong presence online with our original content. Our aim is to become the #1 comedy network on YouTube. Starting with Comedy Week, we are launching 10 brand new channels featuring original programming covering all genres of comedy from exclusive shows of leading stand-up comedy stars, mimicry, slapstick comedy, sketch and character comedy.”

  • MipCom, MipTV workshop planned for Hyderabad this evening

    MipCom, MipTV workshop planned for Hyderabad this evening

    MUMBAI: In the words of many a TV sales and acquisition executive. Paris-based Reed Midem’s MipTV, MipCom, Mip Junior, MipFormats, MipCube are absolutely unmissable (if a word like that can be created specially for this purpose).

     

    Close to 12,000 executives from more than 100 countries, 4000 buyers, 2000 plus exhibitors, hundreds of conferences and keynote speeches and interviews featuring industry global TV broadcast, production, creative, distribution, regulatory leaders are what make all of these a must-attend for the TV ecosystem for decades. A delegation of close to 120 TV professionals from India have been attending each of these markets for the past five-six years.

     

    An estimate is that close to three billion euros in transactions emanate from these markets annually as executives buy and sell animation shows, drama series, films, documentaries, non-fiction formats, digital content, explore emerging formats such as ultra HD (these days), paper formats, do co-production deals, and so on.

     

    And to propagate this message further and to connect with India’s vibrant content creation industry, indiantelevision.com CEO and MipTV, MipCom and Midem representative Anil Wanvari has been going on a whistle stop tour covering three of the major broadcast and content ecosystem cities of Delhi, Hyderabad and Mumbai, along with Reed Midem director marketing development Ted Baracos and Asia sales manager Paul Barbaro.

     

    The Delhi-leg of the road show culminated on 22 July and was extremely well attended by a clutch of animation entrepreneurs, documentary producers, broadcasters, digital content creators, distributors, film producers.

     

    Says long time Mipmarkets attendee TigerBells Animation founder Vivek Kalyan: “It was fabulous to have an interaction with Ted, Paul, and Anil and learn how we as content creators can further our prospects globally.”

     

    Adds independent documentary producer Pankaj Saxena: “It’s great that we had such a stimulating workshop. We are looking forward to such future interactions so we can create the right strategy to allow our content to leave a stamp on the world.”

     

    An interaction with close to 100 content creators and distributors is planned for Hyderabad later this evening. And another one for Saturday 27 July at 7 p.m. in Mumbai.

  • Kapoor and Basu come together to begin their production house Picture Shuru Productions

    Kapoor and Basu come together to begin their production house Picture Shuru Productions

    MUMBAI: After the success of the critically acclaimed ‘Barfi‘ which commercially too, raked in nearly Rs 120 crore worldwide, the successful ‘jodi‘ of Anurag Basu and Bollywood‘s youngest heartthrob Ranbir Kapoor have yet again come together. However it‘s not a movie we are referring to here, as the duo is going a step further in strengthening their ties by opening their own production house, ‘Picture Shuru Productions‘.

    As reported by Desimartini, Ranbir and Anurag locked onto this name for their banner house from the lyrics of a song in ‘Barfi‘. Apparently they were hooked to the word, since they first heard the recording of the song.

    Evidently, the movies to be produced under this new banner would see Ranbir Kapoor in the lead while Basu would be once again be seen behind the camera. Their very first venture too has been set, named ‘Jagga Jasoos‘, where the audience will see Ranbir playing the role of a sleuth, named Jagga. The movie is expected to go on floors by this year end.

    Ranbir meanwhile remains busy with a series of movies lined up with Anurag Kashyup. He is currently shooting for Abhinav Kashyap‘s ‘Besharam‘ and will follow it up with ‘Bombay Velvet‘. Kapoor and Kashyup are also trying to finalise the details of the Kishore Kumar‘s biopic, which is one of the dream projects of Basu.

  • Balaji Telefilms’ financials: an improving picture in Q4 2013

    Balaji Telefilms’ financials: an improving picture in Q4 2013

    MUMBAI: Television production powerhouse Balaji Telefilms, which has recently made successful forays into the movie business, has posted an impressive 235 per cent jump in net profit to Rs 5.17 crore in the latest quarter ended 31 March 2013 as against Rs 1.5 crore in Q4-2012. It has done well even when one compares its performance against the previous preceding quarter ended 31 December 2012 when it recorded a net profit of Rs 4.94 crore. However, what looks disappointing is the 28 per cent dip in its net profit in FY 2013 to Rs 14.58 crore as against Rs 20.44 crore in FY 2012.

    The company recently ran into accounting troubles with the I-T Department, resulting in a dip of around 20 percent in its share price and it hit an all-time low of Rs 35.25 on 27 May.

    However, it has been moving northward since this morning’s announcement of its financials and it closed at Rs 37.80.

    Let us look at the Q4-2013 financials as against Q4- 2012

    Q4-2013 financials report a healthy growth in its net profits at Rs 5.17 crore as against Rs 1.54 crore in the corresponding last year’s Q4-2012. The massive surge is attributed to reduction in expenses especially if one looks at the staff costs which have halved in Q4-2013 at Rs 1.57 crore as against Rs 3.44 crore (Q4-2012).

    Expenses fell 13.5 per cent in Q4-2013 at Rs 34.72 crore as compared to Rs 40.16 crore in Q4-2012. The investments of the company have paid off well in the quarter with a reported Rs 7.05 crore pouring in as other income. (Through its other non-core operations considering its non current investments for the year FY-2013 have nearly doubled at Rs 31.72 crore (Rs 17.60 crore in FY-2012)).

    While net sales revenue has increased to Rs 31.77 crore in Q4-2013 as against Rs 27.88 crore in Q4-2012, the total revenue for the quarter has shrunk by 8 per cent to Rs 34.09 crore in Q4-2013 as against Rs 36.92 crore. Its major revenue source continues to be from commissioned programs amounting to Rs 32.7 crore, a rise from last corresponding quarter’s Rs 25.88 crore.

    Let us look at the Q4-2013 financials as against Q3-2013

    When it reported Q4-2013 revenues of Rs 34.09 crore as against Rs 33.32 crore in Q3-2013, it was the first time in three quarters that it registered a positive uptick in revenues. Its Q4-2013 net profit at Rs 5.17 crore is an improvement over Q3-2013’s Rs 4.94 crore.

    Let us now look at the consolidated year ending results of FY-2013

    Even after a euphoric performance maintained during Q4 and Q3 quarters, the financials for FY-2013 fail to show an impressive growth YoY. The consolidated revenues for FY-2013 at Rs 204.36 crore report a decrease as compared to Rs 221.66 crore in FY-2012, which also included Rs 6.62 crore from its discontinuing operations.

    Better and efficient production in FY-2013 saw its expenses fall to Rs 186.05 crore as against Rs 202.13 crore in FY-2012.

    PAT for the year ending 31 March 2013 stood at Rs 14.58 crore, as against Rs 20.44 crore in FY-2012, a disappointing 28.6 per cent drop YoY.

    In spite of the drop in profits, the Board has recommended a dividend of Rs 0.40 per equity share, considering a healthy growth momentum sustained in its last couple of quarters.

  • TV and film production companies have a bumpy FY’10

    Television content production companies have had a bumpy ride during the 12-month period ended March 2010 as broadcasters cut costs and restructured businesses to tide over the recession.The listed TV content companies – Balaji Telefilms, UTV Television, BAG Films and Media, Creative Eye and Sri Adhikari Bros – posted a combined revenue of Rs 3.36 billion, down 38.32 per cent from Rs 5.44 billion in the year ago period. Barring Sri Adhikari Bros, which has low revenues, each company’s turnover de-grew during the fiscal.

    Realisation per hour of programming fell dramatically and the content creators had to work on squeezed margins. The existence of too many content companies did not make the task any easier.

    The listed companies, in fact, swung into losses at an operational level. The combined loss stood at Rs 25.79 millon compared to operating profit of Rs 186.73 million in the year-ago period.

     
    Expenses were kept under tight control as projects fell, amounting to Rs 2.25 billion, or a drop of 37.48 per cent.

    (We have taken UTV’s content financials which include airtime sales as they don’t disclose them separately. Also, expenses and net profit are not available for UTV and BAG separately).

    The movie production houses also had a rough patch as it was caught in a row with multiplex operators, cluttered releases and high ratio of box office disasters.

     

    The combined revenues of the five listed companies – UTV Motion Pictures, Cinevistaas, Pritish Nandy Communications, Mukta Arts and Shree Ashtavinayak – dropped 20.48 per cent to Rs 13.78 billion (from Rs 17.33 billion).

     
    On an operational level, these companies, however, posted a profit of Rs 1.43 billion, up 2.6 per cent from the earlier year.
    Expenses fell by 24 per cent to Rs 8.13 billion, as against Rs 10.71 billion in the year-ago period.

    The content entertainment revenue pie, in fact, fell by 24.74 per cent in FY’10. Revenue of the listed film and television production companies stood at Rs 17.14 billion, down from Rs 22.77 billion a year ago.

     

  • That day mustn’t come again

    That day mustn’t come again

    I flew back in Delhi after an exhausting day of work at the B.A.G’s Mumbai office. I sat to pursue my daily unwinding ritual of channel surfing. Least did I expect to see the dastardly act that was shaking the city and draining blood of the country.

    I immediately got on the phone to connect with the News 24 Mumbai and Delhi team. The channel had already dispatched reporters who were already present and reporting from ground zero. I watched the news feeds as they came in and as they were being relayed then on the channel. The terrorists had entered the heritage Taj Hotel- the most esteemed and loved landmark of the city, and taken the staff and guests hostage. They had grounded themselves at the Oberoi Trident firing at unsuspecting people and horrifying people like an untold unheard nightmare. They had sprayed bullets on unsuspecting people at the Chattrapati Shivaji Terminus and Leopold Café. AK-47s had been used and we got news of 20 people being murdered at the busy CST station and hundreds wounded.

    At the popular hang out Leopold Café, news came in of five people being killed and many more injured. The terrorists were still on the loose prolonging the tragedy. Any person familiar with Mumbai knows the mad rush the CST station witnesses every single day, clamouring on to trains that accommodate hundreds of people more than capacity. Every person who goes to Mumbai has the Leopold Café on their tourist destinations, for its quaint feel and heritage. I was numb as an Indian with the thought of the havoc the act would have caused at the sites and how many more would suffer in this mindless war that had been waged on us.

    Minute by minute more news kept coming in. News 24’s resident editor Hemant Sharma stood organizing his whole team and simultaneously giving piece to cameras one after the other. From the youngest of reporters to the most experienced, all set out to report the horror. The police had cordoned off the Taj and the other attacked sites and rescue operations were ensuing. Additional Commissioner of Mumbai Police had received information that a colleague had been injured in the gunfire at the Cama and Albless Hospital for women and children. They took a Toyota Qualis and proceeded in that direction. Two terrorists stepped out from behind a tree and opened fire with AK-47 automatic rifles. Priti Sompura, News 24’s reporter, was present with the cameraperson steps away from the site. Kamte had managed to retaliate, wounding a terrorist in the arm. In few minutes, news of them having succumbed to their wounds infuriated and saddened the nation.

    At the Taj, India witnesses that the Anti Terror Squad Chief Hemant Karkare had arrived and looked set to lead his team to bring the nightmare to an end. He geared up in moments in his helmet and bullet proof jacket. Was there hope for the nightmare to end shortly, reporters asked…

    It was through the live reports that we saw him go… Through the ropes and into the hotel, braving the threat he faced in his line of duty. Within seconds, the terrorists eliminated him. Their bullets pierced his so called bullet proof outfit. News 24’s anchor Sayeed Ansari told the nation of the death of one of the finest police officers to his audience. Such was the rush of blood and the magnitude of the tragedy, that his voice choked and eyes watered as he stood speaking to the camera. Another blow to efforts to end the disaster burning…another irreplaceable loss that had engulfed us all.

    Every moment was a shocker, every second a life changer. News 24’s Managing Editor Ajit Anjum, Director News Supriya Prasad and Input Head Rahul Mahajan rushed back from where they were to the news room to bring the shocking incident to their audience. Rahul Mahajan caught the first flight to Mumbai to bring the intensity and magnitude of the attack to the television screen. Supported ably by Shadab Alam, Mukul, Arun Pandey, Manish, Shashi Shekhar, Vikas, Preeti Sompura and Santosh Tiwari, the teams ensured reports relayed on the channel without any interruption.

    Raman Kumar and Amit Kumar, handling Delhi bureau, spent their night alternating between the Prime Minister’s Office and the Home Minister’s office seeking their reactions and responses to the tragedy. Manish Kumar and the whole fleet of reporters coordinated with Hemant Sharma on a minute to minute basis to bring news as it happened. Naveen Bisht, Adarsh Rastogi and their teams packaged all reports non stop in tandem with the reports.

    The Taj Hotel was totally under siege, and the freaks inside were firing randomly at staff and guests. Chefs, servers, attendants, people out for tea and dinner, foreigners out on vacation… There was only a number attached to the men and women who were falling dead with each aimless bullet being fired by the mad men inside. Bombs went off in two taxis close to where Vivek Gupta was reporting for News 24. Saved by a hair’s distance, it was all a joke to the men who had planned it all. To those suffering, to the ones reporting, to those witnessing – just an indescribable feeling raging within.

    Bullets were in an arms reach and terror was striking one the same plane on which stood the men and women reporting development, moment after moment. From News 24, cameramen Murganathan, Prahlad Singh, Vijay Chaudhary, Jitendra Singh, Imteyaz Khan and Akhilesh Singh positioned themselves at various points around the Taj, and the other sites. Reporters Priti Sompura, Vivek Gupta, Bhupendra Singh, Ankur Tyagi, Pravin Mishra and Vinod Jagdale stood, lay down, squatted – like the hundreds of other reporters from various news channels to report what was the worst terror attack on the nation.

    News came in that the CST station and Leopold Café had been taken over by security forces. 52 people had been killed at CST and 109 injured. 10 people had been killed at Leopold and many other were left maimed and bleeding. Hospitals were bustling, trying to aid the injured. Meanwhile, a one-sided war was raging at the Taj, Oberoi and Nariman house – all a stone’s throw away from each other. India watched as the moment by moment account was brought to them live by those standing at arm’s length with death. India united as news of the tragedy their compatriots faced stared them in their face.

    Amidst reports and the madness of bringing it all live from the newsroom, I called my friends in Mumbai enquiring about their safety, several of them including Sabina Sehgal Saikia. I could hear the numbness of their family members as they spoke flatly about their loved ones.

    Day after day, worse news kept coming in. And the fact that ten men had held the country to ransom for 24, then 48, then 72 hours exposed the helplessness of the common man and infuriated us all as never before. And for all the four days, Resident Editor Hemant Sharma relayed developments second by second in coordination with the Delhi team. Anchors Sayeed Ansari, Anjana Kashyap and Akhilesh Anand reported the minute by minute developments on all days non-stop. Reporters like Ankur Tyagi, Sanket Pathak, Anuja Karnik, Aarti Dani, and Anshul Agrawal along with camerapersons Dilip Rawani, Naveen Pandey, Mintu Singh, Kanti Parmar, Sameer Sherke and Babaji Nanaware continued to report and bring live second by second developments. Supplement reporters who had been flown in to support the Mumbai team included Satyendra Upadhyay and Nalini Rajput.

    Amidst the humdrum, one wondered why when we are surrounded by enemies, can we not have a centralized anti terror agency to ensure that such an incident doesn’t reach the proportions it reached? Why did our heroes have to die so arbitrarily while protecting us? Could there be no concerted effort to end the nightmare? Why was New Delhi at such a loss after the death of three fine officers and why could it not garner a unit to end the ensuing disaster? No one seemed to be in command; no one seemed to be leading the way to end the nightmare.

    A year later, the Chief Minister of Maharashtra has honoured Priti Sompura, Vivek Gupta and Ankur Tyagi with the Maharashtra Congress Committee award for their efforts in reporting the horrific day in the face of acute danger. News 24 recounts the horror of this day last year with its show, Morche Par Reporter, that also commemorates the men and women from across news channels who reported the days of horror for their compatriots and helped unite the country into one in the hours of grief and mourning.

    We all asked a hundred questions, vented our fury, wrote, debated, argued and fought…and then fell silent. Like we always have done…like we always do…A year later, there is yet no unified command in place with the anger, sorrow and helplessness that engulfs me like the billion people of India.

    (Anurradha Prasad is News24 Editor-in-Chief and BAG Films & Media CMD)

    (Disclaimer: The views expressed here are those of the author and Indiantelevision.com need not necessarily subscribe to the same)