ITV

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  • NDTV’s TV segment reports lower operating loss

    NDTV’s TV segment reports lower operating loss

    BENGALURU: New Delhi Television Limited (NDTV) Television segment reported lower loss at Rs 3.94 crore for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the operating loss of Rs 8.41 crore during the corresponding quarter of the previous year (y-o-y). The segment’s consolidated operating loss in the current quarter was just a fraction of the operating loss of Rs 22.83 crore in the immediate trailing quarter (q-o-q).

    Overall, the company reported almost flat y-o-y net loss after taxes of Rs 17.22 crore as compared to a loss of Rs 17.19 crore. Loss in the immediate trailing quarter was more than double at Rs 38.36 crore. NDTV attributes the improved performance to improved advertising revenues alongside lower costs in Convergence, NDTV’s digital content subsidiary and E-Commerce segment.

    NDTV’s consolidated Total Income from Operations (TIO, revenue) in the current quarter declined 4.9 per cent y-o-y to Rs 123.31 crore from Rs 127.60 crore, but increased 9.3 per cent q-o-q from Rs 112.81 crore.

    NDTV had negative EBIDTA (operating loss) of Rs 3.64 crore in Q2-17; negative EBIDTA of Rs 10.91 crore in Q2-16; and negative EBIDTA of Rs 26.78 crore in Q1-17.

    Segment numbers

    NDTV’s Television Media and related operations (Television) segment reported 3.4 per cent y-o-y decline in revenue in Q2-17 at 121.03 crore as compared to Rs 125.25 crore, but an 8.3 per cent q-o-q increase from Rs Rs 111.78 crore. The segment’s operating loss has been mentioned above.

    NDTV’s Retail/eCommerce (eCommerce) segment reported 19 per cent y-o-y decline in revenue at Rs 3.20 crore as compared to Rs 3.95 crore, but a 60 per cent q-o-q increase from Rs 2 crore in Q1-17.

    Let us look at the other numbers reported by NDTV

    Total Expenditure (TE) in the current quarter declined 9.4 per cent y-o-y to Rs 134.84 crore (109.4 per cent of TIO) from Rs 148.77 crore (116.6 per cent of TIO) and declined 8.3 per cent q-o-q from Rs 147.11 crore (130.4 per cent of TIO) in Q1-17.

    NDTV’s consolidated Production Expense (PE) increased 4.4 per cent y-o-y in Q2-17 to Rs 28.62 crore (23.2 per cent of TIO) from Rs 27.41 crore (21.5 per cent of TIO) and increased 1.9 per cent q-o-q from Rs 28.09 crore (24.9 per cent of TIO).

    The company’s Marketing, distribution and promotional expense (Marketing expense) in the current quarter reduced 35 per cent y-o-y to Rs 19.67 crore (16 per cent of TIO) from Rs 30.28 crore (23.7 per cent of TIO) and declined 13.3 per cent from 22.69 crore (20.1 per cent of TIO) in Q1-17.

    NDTV’s Employee Benefit Expense (EBE) in Q2-17 declined 5.1 per cent y-o-y in Q2-17 to Rs 45.19 crore (36.6 per cent of TIO) from Rs 47.63 crore and declined 21.9 per cent from Rs 57.86 crore (51.3 per cent of TIO).

    Operating and administration expenses (Admin expenses) in Q2-17 increased 10.5 per cent y-o-y to Rs 34.71 crore (28.1 per cent of TIO) from Rs 31.42 crore (24.6 per cent of TIO) and increased 4.7 per cent q-o-q from Rs 33.14 crore (29.4 per cent of TIO).

    Finance Costs in the current year increased 26.8 per cent y-o-y to Rs 6.63 crore (5.4 per cent of TIO) from Rs 5.23 crore (4.1 per cent of TIO) and increasd 56 per cent q-o-q from Rs 4.25 crore (3.8 per cent of TIO).

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • NDTV’s TV segment reports lower operating loss

    NDTV’s TV segment reports lower operating loss

    BENGALURU: New Delhi Television Limited (NDTV) Television segment reported lower loss at Rs 3.94 crore for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the operating loss of Rs 8.41 crore during the corresponding quarter of the previous year (y-o-y). The segment’s consolidated operating loss in the current quarter was just a fraction of the operating loss of Rs 22.83 crore in the immediate trailing quarter (q-o-q).

    Overall, the company reported almost flat y-o-y net loss after taxes of Rs 17.22 crore as compared to a loss of Rs 17.19 crore. Loss in the immediate trailing quarter was more than double at Rs 38.36 crore. NDTV attributes the improved performance to improved advertising revenues alongside lower costs in Convergence, NDTV’s digital content subsidiary and E-Commerce segment.

    NDTV’s consolidated Total Income from Operations (TIO, revenue) in the current quarter declined 4.9 per cent y-o-y to Rs 123.31 crore from Rs 127.60 crore, but increased 9.3 per cent q-o-q from Rs 112.81 crore.

    NDTV had negative EBIDTA (operating loss) of Rs 3.64 crore in Q2-17; negative EBIDTA of Rs 10.91 crore in Q2-16; and negative EBIDTA of Rs 26.78 crore in Q1-17.

    Segment numbers

    NDTV’s Television Media and related operations (Television) segment reported 3.4 per cent y-o-y decline in revenue in Q2-17 at 121.03 crore as compared to Rs 125.25 crore, but an 8.3 per cent q-o-q increase from Rs Rs 111.78 crore. The segment’s operating loss has been mentioned above.

    NDTV’s Retail/eCommerce (eCommerce) segment reported 19 per cent y-o-y decline in revenue at Rs 3.20 crore as compared to Rs 3.95 crore, but a 60 per cent q-o-q increase from Rs 2 crore in Q1-17.

    Let us look at the other numbers reported by NDTV

    Total Expenditure (TE) in the current quarter declined 9.4 per cent y-o-y to Rs 134.84 crore (109.4 per cent of TIO) from Rs 148.77 crore (116.6 per cent of TIO) and declined 8.3 per cent q-o-q from Rs 147.11 crore (130.4 per cent of TIO) in Q1-17.

    NDTV’s consolidated Production Expense (PE) increased 4.4 per cent y-o-y in Q2-17 to Rs 28.62 crore (23.2 per cent of TIO) from Rs 27.41 crore (21.5 per cent of TIO) and increased 1.9 per cent q-o-q from Rs 28.09 crore (24.9 per cent of TIO).

    The company’s Marketing, distribution and promotional expense (Marketing expense) in the current quarter reduced 35 per cent y-o-y to Rs 19.67 crore (16 per cent of TIO) from Rs 30.28 crore (23.7 per cent of TIO) and declined 13.3 per cent from 22.69 crore (20.1 per cent of TIO) in Q1-17.

    NDTV’s Employee Benefit Expense (EBE) in Q2-17 declined 5.1 per cent y-o-y in Q2-17 to Rs 45.19 crore (36.6 per cent of TIO) from Rs 47.63 crore and declined 21.9 per cent from Rs 57.86 crore (51.3 per cent of TIO).

    Operating and administration expenses (Admin expenses) in Q2-17 increased 10.5 per cent y-o-y to Rs 34.71 crore (28.1 per cent of TIO) from Rs 31.42 crore (24.6 per cent of TIO) and increased 4.7 per cent q-o-q from Rs 33.14 crore (29.4 per cent of TIO).

    Finance Costs in the current year increased 26.8 per cent y-o-y to Rs 6.63 crore (5.4 per cent of TIO) from Rs 5.23 crore (4.1 per cent of TIO) and increasd 56 per cent q-o-q from Rs 4.25 crore (3.8 per cent of TIO).

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

  • Q3-2016: ENIL reports 23% YoY revenue

    Q3-2016: ENIL reports 23% YoY revenue

    BENGALURU: Indian private FM player Entertainment Network (India) Limited (ENIL) reported 22.9 per cent YoY increase in Total Income from Operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 143.57 crore as compared to the Rs 117.69 crore and 23.5 per cent higher QoQ as compared to Rs 116.27 crore in the immediate trailing quarter.

    The company’s profit after tax (PAT) in Q3-2016 declined 18.8 per cent to Rs 26.99 crore (18.8 per cent margin) as compared to Rs 32.84 crore (28.1 per cent margin) and was flat QoQ as compared to Rs 26.97 crore (23.2 per cent margin) in Q2-2016. The company had entered the Rs 100 crore PAT club in FY-2015 with a PAT of Rs 105.98 crore (24.2 per cent margin) on a TIO of Rs 483.48 crore.

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

    (2) The numbers in this report are consolidated unless stated otherwise.

    Let us look at some of the other numbers reported by ENIL:

    The company’s EBIDTA in Q3-2016 at Rs 49.74 crore (34.6 per cent margin) was 11.6 per cent higher YoY as compared to Rs 44.58 crore (38.2 per cent margin) and was 39.3 per cent higher QoQ as compared to Rs 35.71 crore (30.7 per cent margin) in the previous quarter.

    ENIL total expense (TE) in Q3-2016 at Rs 102.74 crore (71.6 per cent of TIO) was 27.6 per cent higher YoY as compared to Rs 80.53 crore (69 per cent of TIO) and was 13.1 per cent higher QoQ as compared to Rs 90.86 crore (78.1 per cent of TIO) in Q2-2016.

    ENIL paid 17.5 per cent higher license fee in Q3-2016 at Rs 6.87 crore (4.8 per cent of TIO) as compared to Rs 5.84 crore (five per cent of TIO), but 12.3 per cent lower than the Rs 7.83 crore (6.7 per cent of TIO) in Q2-2016.

    The company’s marketing expense in Q3-2016 at Rs 31.78 crore (22.1 per cent of TIO) was 53.3 per cent more YoY as compared to Rs 20.73 crore (17.8 per cent of TIO) and was more than double (2.06 times) QoQ as compared to Rs 15.47 crore (13.3 per cent of TIO) in Q2-2016.

    The company’s programming and royalty expenses in the current quarter increased 20.6 per cent to Rs 4.77 crore (3.3 per cent of TIO) as compared to Rs 3.96 crore (3.4 per cent of TIO) in the corresponding year ago quarter and was 13.1 per cent higher than the Rs 4.22 crore (3.6 per cent of TIO) in Q2-2016.

    Other expenses in Q3-2016 at Rs 25.72 crore (17.9 per cent of TIO) was 24 per cent higher YoY as compared to Rs 20.73 crore (17.8 per cent of TIO) but was 18 per cent lower as compared to Rs 31.37 crore (21 per cent of TIO) in the immediate trailing quarter.

    Employee Benefit Expense (EBE) in Q3-2016 at Rs 24.70 crore (17.2 per cent of TIO) was 16.5 per cent more YoY as compared to Rs 21.21 crore (18.2 per cent of TIO) and was 14 per cent more QoQ as compared to Rs 21.67 crore (18.6 per cent of TIO).

    ENIL managing director and CEO Prashant Panday said, “The festive quarter has been a terrific one for us! We have grown by 23 per cent in Q3 this year after having grown at 19 per cent in the same quarter last year. With the roll-outs of Phase-3 stations well underway, we hope to see rapid growth in the years to come. The next five years belong to radio!”

    ENIL’s participation in the first batch of Phase-3 auctions resulted in an expansion of its footprint into seven new towns namely Chandigarh, Kochi, Kozhikode, Jammu, Srinagar, Guwahati and Shillong.

    Radio Mirchi with Delhi International Airport (P) Limited (DIAL) has recently launched ‘Mirchi T3’ radio at Terminal 3 of Delhi Airport. With Mirchi T3, Radio Mirchi looks to cater to the niche group of premium listeners who frequent the airport.

  • Q3-2016: ENIL reports 23% YoY revenue

    Q3-2016: ENIL reports 23% YoY revenue

    BENGALURU: Indian private FM player Entertainment Network (India) Limited (ENIL) reported 22.9 per cent YoY increase in Total Income from Operations (TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 143.57 crore as compared to the Rs 117.69 crore and 23.5 per cent higher QoQ as compared to Rs 116.27 crore in the immediate trailing quarter.

    The company’s profit after tax (PAT) in Q3-2016 declined 18.8 per cent to Rs 26.99 crore (18.8 per cent margin) as compared to Rs 32.84 crore (28.1 per cent margin) and was flat QoQ as compared to Rs 26.97 crore (23.2 per cent margin) in Q2-2016. The company had entered the Rs 100 crore PAT club in FY-2015 with a PAT of Rs 105.98 crore (24.2 per cent margin) on a TIO of Rs 483.48 crore.

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

    (2) The numbers in this report are consolidated unless stated otherwise.

    Let us look at some of the other numbers reported by ENIL:

    The company’s EBIDTA in Q3-2016 at Rs 49.74 crore (34.6 per cent margin) was 11.6 per cent higher YoY as compared to Rs 44.58 crore (38.2 per cent margin) and was 39.3 per cent higher QoQ as compared to Rs 35.71 crore (30.7 per cent margin) in the previous quarter.

    ENIL total expense (TE) in Q3-2016 at Rs 102.74 crore (71.6 per cent of TIO) was 27.6 per cent higher YoY as compared to Rs 80.53 crore (69 per cent of TIO) and was 13.1 per cent higher QoQ as compared to Rs 90.86 crore (78.1 per cent of TIO) in Q2-2016.

    ENIL paid 17.5 per cent higher license fee in Q3-2016 at Rs 6.87 crore (4.8 per cent of TIO) as compared to Rs 5.84 crore (five per cent of TIO), but 12.3 per cent lower than the Rs 7.83 crore (6.7 per cent of TIO) in Q2-2016.

    The company’s marketing expense in Q3-2016 at Rs 31.78 crore (22.1 per cent of TIO) was 53.3 per cent more YoY as compared to Rs 20.73 crore (17.8 per cent of TIO) and was more than double (2.06 times) QoQ as compared to Rs 15.47 crore (13.3 per cent of TIO) in Q2-2016.

    The company’s programming and royalty expenses in the current quarter increased 20.6 per cent to Rs 4.77 crore (3.3 per cent of TIO) as compared to Rs 3.96 crore (3.4 per cent of TIO) in the corresponding year ago quarter and was 13.1 per cent higher than the Rs 4.22 crore (3.6 per cent of TIO) in Q2-2016.

    Other expenses in Q3-2016 at Rs 25.72 crore (17.9 per cent of TIO) was 24 per cent higher YoY as compared to Rs 20.73 crore (17.8 per cent of TIO) but was 18 per cent lower as compared to Rs 31.37 crore (21 per cent of TIO) in the immediate trailing quarter.

    Employee Benefit Expense (EBE) in Q3-2016 at Rs 24.70 crore (17.2 per cent of TIO) was 16.5 per cent more YoY as compared to Rs 21.21 crore (18.2 per cent of TIO) and was 14 per cent more QoQ as compared to Rs 21.67 crore (18.6 per cent of TIO).

    ENIL managing director and CEO Prashant Panday said, “The festive quarter has been a terrific one for us! We have grown by 23 per cent in Q3 this year after having grown at 19 per cent in the same quarter last year. With the roll-outs of Phase-3 stations well underway, we hope to see rapid growth in the years to come. The next five years belong to radio!”

    ENIL’s participation in the first batch of Phase-3 auctions resulted in an expansion of its footprint into seven new towns namely Chandigarh, Kochi, Kozhikode, Jammu, Srinagar, Guwahati and Shillong.

    Radio Mirchi with Delhi International Airport (P) Limited (DIAL) has recently launched ‘Mirchi T3’ radio at Terminal 3 of Delhi Airport. With Mirchi T3, Radio Mirchi looks to cater to the niche group of premium listeners who frequent the airport.

  • Soon: Care World TV online

    Soon: Care World TV online

    MUMBAI: Post Diwali, six-year-old health and fitness television channel – Care World TV – is expected to go LIVE on its website http://www.careworldtv.com. In so doing, it will become the first global health care TV channel to be simultaneously available online and offline.

     

    Currently in the testing phase of simulcasting its television content on its website, Care World TV is looking to expand audience reach with this initiative. Care World TV managing director Ajit Gupta exults: “With this initiative, we become the first global health care television channel to be simultaneously available both online and offline.”

     

    The channel has already started getting response from countries like Spain, according to ABS 7 Star CMD Atul Saraf, who says: “Even though we haven’t made it LIVE yet, and are still in the testing phase, anyone who comes to our website for information on health or contact details of doctors etc. can see the simulcast of the channel. We are already getting good response from people based in different parts of the world.”

     

    With the simulcast, Care World TV hopes to reach out to a travelling audience as well as the many Indians settled across the globe.

     

    Simulcast apart, the channel is also developing an app to further connect with its audiences to be launched by November. “The app will be ready by month-end. We will then test the app and so, it should be available for free download by November. It will be available on Android and iOS first. We will further expand to other operating systems like Windows,” says Saraf.

     

    According to Gupta: “The app will have an eye-catching interface, with easy functionality, and will cater to the premium market segment.”

     

    Available for free download, the app can be used even if one has slow internet connectivity. “We have put the content on a very low bit rate and so, a person can watch it even with a 256 or 512 mbps internet connection speed,” informs Saraf.

     

    So is the channel looking at monetising its website content? “Well! We haven’t thought of it currently, but we may in future, we are not ruling out the opportunity,” replies Saraf.

     

    TAM weekly TV ratings reveal that Care World TV reaches four to five million viewers every week. “The channel has bridged the gap between functionaries and beneficiaries. With a 24×7 presence on television and now also on the web, the channel provides various formats of programming that include awareness segments, talking heads, panel discussions, in-depth reports, presentations, infomercials, audio visuals, documentaries, bulletins, campaigns etc, in both fiction and non-fiction formats,” says Gupta.

     

    While the channel has taken a bold step in an internet-driven world, only time will tell if the move will help expand its viewer base or eat into its existing television viewership?

  • Chernin bids $500 million to buy Hulu, reports

    Chernin bids $500 million to buy Hulu, reports

    MUMBAI: Former News Corp President Peter Chernin is said to have made a bid for online video streaming service Hulu at a bid amount of $500 million.

    A couple of years earlier, Chernin had bid for the company he had helped to create but it had been rejected. Hulu is co-owned by News Corp, Comcast and Disney.

    Reports indicate that there is lack of clarity in terms of where Hulu – which is losing money – is going.

    Chernin in his venture CA Media got funding from Providence Equity Partners which was Hulu‘s initial investor but sold its stake last year. If Chernin ended up buying the site, Providence would essentially end up as a Hulu backer again.

    If Chernin does buy Hulu it is possible that it would also look at India. CA Media is headed here by Rajesh Kamat.