ITV

Tag: revenues

  • India’s OTT video market to reach $3 bn in 2022; estimated to double by 2027: Report

    India’s OTT video market to reach $3 bn in 2022; estimated to double by 2027: Report

    Mumbai: India’s OTT video market will reach total revenues of $3 billion in 2022 and is expected to more than double to $7 billion by 2027, according to Media Partners Asia (MPA).

    In the recent analysis, MPA looks at the online video and broadband distribution trends in the Asia Pacific (APAC) market.

    The online video market in APAC is expected to grow 16 per cent year-on-year to reach $49.2 billion by the end of 2022. MPA forecasts that the industry will continue to grow by 8 per cent YoY to reach $72.7 billion by 2027.

    Subscription video-on-demand (SVOD) is expected to contribute 50 per cent to overall revenues, followed by user-generated-content (UGC) advertising video-on-demand (AVOD) platforms which will contribute 37 per cent and premium AVOD that will contribute the remaining 13 per cent.

    “APAC’s largest markets including India, Indonesia, Japan, Korea and Thailand will be increasingly important to global platforms,” observed MPA executive director Vivek Couto. “Each of these markets require local content and distribution strategies with long-term investment.”

    The APAC region remains the largest contributor to global online video customers and its users are emerging as a significant contributor to revenue growth. In its recent quarterly results, streaming giant Netflix reported a loss in subscribers in every market (United States-Canada, Europe Middle East and Africa, Latin America) except APAC where it reported paid net additions of one million.

    Also Read: Netflix to launch cheaper ad-supported plan for early 2023

    Indian Scenario

    As per the analysis, India’s OTT video market is in the second phase of its growth as competitive intensity is set to grow between global giants and newly capitalised local players. Telco reach remains critical in the market along with AOVD business models and low-average revenue per user (ARPU), high volume SVOD services.

    In terms of SVOD business, Netflix, Disney and Amazon lead, with the three players having 56 per cent aggregate of the APAC market excluding China in 2022. Netflix will have 33 per cent share followed by Amazon Prime Video at 12 per cent and Disney+ including Disney+ Hotstar at 11 per cent.

    Netflix’ s share of online video subscription revenues has declined from 35 per cent in 2021 while Disney+ and Disney+ Hotstar services are building scale, local content investment and monetisation in markets such as Australia, India, Indonesia and Thailand while also expanding in high ARPU, strong local markets such as Japan. A third of Disney+ revenues come from India, however, where it has recently lost digital rights to the highly successful Indian Premier League (IPL) cricket franchise to Viacom18.

    Prime Video leads the Japan SVOD category while also growing rapidly in India and is now set to expand in key Southeast Asia markets in the fourth quarter 2022.

    In India, new local players with deep pockets are gearing up to grab market share, led by a newly recapitalized Viacom18, backed by strategics Reliance, Bodhi Tree and Paramount while domestic incumbents Zee and Sony are merging to create a strong TV/online video business.

    Going forward, Viacom18’s new streaming platform, leveraging IPL cricket and local entertainment, will emerge as an important player in the AVOD space in particular, grabbing material share over time as it leverages massive reach via Jio mobile and connected TV.

    Ad-supported SVOD models will launch across Asia Pacific in 2023-24, led by Netflix and Disney+.

    Broadband distribution landscape

    The total addressable market (TAM) for high-speed broadband continues to expand rapidly in Asia Pacific with greater 4G, 5G and fiber-enabled connectivity.

    Excluding China, the combined 4G and 5G users will reach 78 per cent of the population across APAC in 2022 while fiber-driven fixed broadband penetration will reach 31 per cent.

    Teclos, connected TV (CTV) operators and pay TV operators remain important aggregators of SVOD, freemium and AVOD services, contributing between 20 to 80 per cent to OTT video platform reach, depending on the market.

    The rising CTV penetration and big screen consumption of online video content is helping fuel advertising growth across YouTube and premium SVOD platforms, led by broadcast video-on-demand (BVOD) players in particular, while also bolstering demand and monetisation at SVOD platforms.

    “Investors are increasingly focused on enhanced scale, improved monetization and real profitability across global, local and regional online video platforms. In this context, the role of Asia Pacific continues to have a critical role in the future of the global online video industry,” said Couto.

  • Hathway Cable and Datacom Q1 FY23 revenues at Rs 447.2 crore

    Hathway Cable and Datacom Q1 FY23 revenues at Rs 447.2 crore

    Mumbai: Hathway Cable and Datacom on Friday reported its first quarter results for the financial year FY23. The company reported gross revenue of Rs 447.2 crore and earnings before interest, tax, depreciation and amortisation (Ebitda) of Rs 102.6 crore.

    The company reported profit after tax of Rs 21 crore as compared to Rs 28.4 crore in the preceding quarter. Its broadband business brought in revenues of Rs 157.2 crore and its cable TV business stood at Rs 290 crore.

    The company’s total expenditure stood at Rs 360.2 crore, and its pay channel cost stood at Rs 172.7 crore.

    Hathway Cable and Datacom reported 1.12 million broadband subscribers at the end of June. Customer satisfaction scores (CSAT) increased from 62 per cent in the first quarter of FY22 to 84 per cent in the first quarter of FY23.

    The company augmented its fibre-to-the-home capacity to accommodate another 1.2 million customers. It also finished next-generation. Docsis speed complaints were reduced by 80 per cent in all cities following the Docsis upgrade. It reported that 65 per cent of Docsis customers have been upgraded to 100 Mbps plans.

  • Shemaroo Entertainment’s traditional media biz up by 39% YoY in Q1 FY23

    Shemaroo Entertainment’s traditional media biz up by 39% YoY in Q1 FY23

    Mumbai: Shemaroo Entertainment announced its financial results for the first quarter of FY23 recently. The company reported consolidated revenue from operations of Rs 96 crore, up by 28.4 per cent, and a Rs 20 lakh net profit.

    Its digital media business generated Rs 48.1 crore in revenues, up by 19.3 per cent YoY. The company’s traditional media business generated Rs 47.9 crore in revenues, up by 39 per cent YoY.

    Shemaroo’s expenses also grew to Rs 87.9 crore, up by 29.9 per cent YoY.

    The company reported a flux in media viewership across traditional and digital platforms on account of increased mobility due to the Covid unlocking period. The advertising spends for traditional advertisers were affected due to rising input costs, uncertainty in the global economic environment, and supply chain disruptions. This was amplified by the slowdown in start-up funding, which impacted new-age advertisers.

    Despite the challenges, the company delivered a strong performance in terms of revenue growth and maintained positive margins during the quarter.

    Shemaroo launched its third free-to-air (FTA) Hindi general entertainment channel (GEC) Shemaroo Umang in April. The company began monetising the channel via advertisements in July. As per the company, Shemaroo Umang opened at the No. 2 position among FTA GECs and held on to that position until the end of the quarter.

  • Shemaroo’s digital business contributes 48 per cent to FY22 revenue

    Shemaroo’s digital business contributes 48 per cent to FY22 revenue

    Mumbai: Shemaroo Entertainment posted its financial results for the fourth quarter and financial year ended on 31 March. The company’s digital business contribution has grown from less than 10 per cent in FY14 to 48 per cent in FY22. This includes revenues from its OTT platform ShemarooMe and its content distribution agreements with telcos and OTT players.

    For the fourth quarter, the company posted Rs 936 million in revenue from operations and Rs 20 million net profit. The company reported 465 million in revenue from its digital media business registering 25.9 per cent growth year on year (YoY). It earned Rs 471 million from its traditional media business, a growth of 15.7 per cent.

    The company posted revenue of Rs 3814 million and profit after tax of 53 million for the financial year 2021-22. Its digital media revenues stood at Rs 1814 million which grew by 21.4 per cent year-on-year. It earned Rs 2000 million from traditional media which grew by 23.7 per cent year-on-year.

    Shemaroo Entertainment launched its third satellite free-to-air channel named ‘Shemaroo Umang’ in April. The company also released 15 new titles during the quarter with content across movies, web series and plays on its OTT platform ShemarooMe.

  • ALTBalaji adds 3.48 mn subscriptions in 9MFY22; direct sub revenue at Rs 45 cr

    ALTBalaji adds 3.48 mn subscriptions in 9MFY22; direct sub revenue at Rs 45 cr

    Mumbai: Balaji Telefilms announced its third quarter financial results for FY 2022. The company’s quarterly income from operations at the end of 31 December 2021 stood at Rs 76.2 crore. It posted a net loss after tax of Rs 26.4 crore for the quarter.

    The company reported that total subscriptions sold for their OTT platform ALTBalaji for the third quarter year-to-date FY22 stood at 3.48 million. The direct subscription revenue was recorded at Rs 45 crore.

    Engagement time on the video-on-demand platform was recorded at 82 minutes with a watch time of 15.45 billion in minutes. Till date, cumulative video views on the platform stands at 1.26 billion.

     ALTBalaji added 11 shows in the nine months and has taken the overall library to 89+ shows.

    The company said its TV business continued normal in the past nine months with 618 hours of production across seven shows and a strong pipeline for the year. “Three new shows have been lined up and should commence shortly,” said the company statement.

    The company also has five film projects in the pipeline. “Movie business resumed production and the company made good progress,” said the company adding that it continues to wait for availability for theatrical launch windows and looking at deals across direct to digital as well. As part of its strategy it continues to control investments in movies and pursue pre-sales and co-production deals where feasible.

    “ALTBalaji continues to drive subscription growth and we added 3.48 million subscriptions during the nine months,” said Balaji Telefilms managing director Shobha Kapoor. “We added 11 shows in the nine months and now have a solid line up for the rest of the year. Our strategic content sharing deals will ensure we control on the cash spend while driving overall profitability. Our TV business has shown good recovery in terms of production hours and we hope to improve this momentum as three new shows will commence. In the movie business, production for some exciting projects is at various stages of completion. We closely monitor the availability of theatrical releases and direct to digital launches. Overall, the year has been good and expected to continue the momentum.”

  • Zee Media’s Q3 operating revenue up 31.7 % to Rs 2,428.1 million

    Zee Media’s Q3 operating revenue up 31.7 % to Rs 2,428.1 million

    Mumbai: Zee Media on Thursday announced its consolidated revenues for the third quarter of FY 2022. The media conglomerate reported operating revenues of Rs 2,428.1 million up by 31.7 per cent year-on-year. The company had reported operating revenue of Rs 1,843.9 mn in Q3 during the previous year.

    The total consolidated revenue was reported to be Rs 6,191.3 mn upto the third quarter ended FY 2021-22. The operating expenditure increased by 33.9 per cent to Rs 1,553.1 mn in Q3FY22 from Rs 1,160.2 mn in Q3FY21, it said.

    The profit after tax (PAT) was recorded at  Rs 454.6 million which saw a growth of 31.9 per cent YoY. The company’s advertising revenues stood at Rs 2,317.1 million up by 33.7 per cent, while the subscription revenues remained flat at Rs 96.8 million.

    Zee Media operates 14 news channels comprising one global, three national and ten regional language channels and is one of the largest TV news networks in the country. Its Hindi news channel Zee News garners 279 million video views on YouTube.

    In January, the company expanded its regional footprint by launching four digital channels namely Zee Tamil News, Zee Telugu News, Zee Kannada News, and Zee Malayalam News.

    Its digital assets combined 17 brands in 11 languages which received 4.23 billion page views during the quarter and 328 million monthly active users (MAUs).

  • Vodafone Idea reports consolidated loss of Rs 7,231 cr in Q3

    Vodafone Idea reports consolidated loss of Rs 7,231 cr in Q3

    Mumbai: Vodafone Idea on Friday reported a consolidated loss of Rs 7,230.9 crore for the third quarter ending December 2021. This is up from Rs 4,532.1 crore that the telecom major reported in the corresponding quarter previous year.

    It had posted a net consolidated loss of Rs 7,132 crore in the September quarter of 2021.

    The company’s revenues also declined to Rs 9717 crore a year-on-year. The total gross debt (excluding lease liabilities and including interest accrued but not due) for the company stands at Rs. 1,98,980 crore, comprising of deferred spectrum payment obligations of 1,11300 crore, AGR liability of Rs 64,620 crore that is due to the government and debt from banks and financial institutions of Rs. 23,060 crore.

    However, it improved its average revenue per user (ARPU) to Rs 115 up by 5.2 per cent quarter-on-quarter, due to several tariff interventions to improve ARPU, it said as it reported its Q3 results on Friday.

    The total subscriber base declined to 24.72 crore. However, 4G subscriber base continued to grow with 8 lakh customers added in Q3, 4G base now stands at 11.7 crore. Subscriber churn increased to 3.4 per cent versus 2.9 per cent in the previous quarter. The data usage per 4G subscriber is now at ~14 Gb/month versus 12 Gb/month a year ago.

    Vodafone Idea said that it added ~4000 4G FBB sites in Q3 primarily through the refarming of 2G/3G spectrum to expand their 4G coverage and capacity. Its overall broadband site count stood at 450,330 marginally lower compared to 450,481 in the previous quarter as it continued to shutdown 3G sites in a phased manner. Till date, the company has deployed nearly 67,000 TDD sites in addition to the deployment of ~13,850 massive MIO sites and ~13,150 small cells. Furthermore, the company continues to expand its LTE 900 presence in 12 circles at multiple locations, including through dynamic spectrum refarming, to improve customer experience.

  • Dish TV India focused on repayment of debt in Q2 FY22

    Dish TV India focused on repayment of debt in Q2 FY22

    Mumbai: Dish TV India has reported its second quarter results for FY 2022. The company reported consolidated subscription revenues of Rs 6445 million and operating revenues of Rs 7181 million. It reported subscription revenues of Rs 6659 million and operating revenues Rs 7310 million in the previous quarter.

    The company has tapered down its debt to Rs 5566 million while adding more than 0.6 million subscribers at the gross level. At a net level though, it recorded negative additions prioritising repayment of debt over adding fresh subscribers. Dish TV India repaid debt of Rs 697 million during the quarter to arrive at a closing debt of Rs 5566 million.

    “It was business as usual at India’s leading DTH Company despite some chaotic developments on the corporate front towards the end of the quarter,” the company noted. It is referring to its boardroom battle with shareholder Yes Bank on the issue of reconstitution of the board.

    Retention and upgradation focused campaigns continued in line with the objective of increasing the lifetime value of subscribers. Furthermore, to increase stickiness, ‘Watcho’- the in-house OTT app of the company was loaded with freshly curated content. The platform debuted several new web series to further enhance the complimentary bouquet of offerings for Dish TV India subscribers. ‘Watcho’ continued to gain strength as an OTT platform with a strong semi-urban presence in addition to significant tier-1 visibility. The app has recorded total cumulative downloads of 36 million so far.

    “We continue to remain focused in our efforts to drive business performance using tools that enhance the viewing experience of subscribers on both, the traditional as well as the OTT offering,” said Dish TV India group chief executive officer Anil Dua. “We remain sensitive to changing consumer needs and look forward to new launches and a wider audience base.”

    During the quarter, Dish TV announced the launch of its ‘QR Scan Feature.’ The scan to pay feature aims at giving customers a hassle-free single click payment experience when it comes to recharging their Dish TV account or paying utility bills. Dish TV and d2h subscribers will now be able to pay their bills in a few simple steps by scanning the QR code on the company’s websites, www.dishtv.in and www.d2h.com using any UPI app or wallet. UPI is currently the easiest and the most secure way of digital payments owing to its multifactor authentication which requires the users to verify themselves via multiple sources.

    The onset of the festival period towards the end of the second quarter along with some normalization in consumer spending post the second wave of the pandemic encouraged the launch of customised new offerings for existing as well as new subscribers. Dish TV India launched a special ‘Get 1 for 5 Recharge Offer’ as per which a complimentary month of subscription was provided for every five months of recharge. In addition, a ‘Lucky Recharge Offer’ wherein customers could avail up to 100 per cent cashback on recharge of Rs 501 was also launched.

    “Household spending however did not fully recover during the quarter and despite a fairly extensive sports calendar, recharges were not in line with earlier years. Both, streaming platforms as well as Free Dish, continued to give competition to conventional distributors with some of the DTH subscribers at the upper end exploring OTT services while those at the lower end sampling Free Dish services,” said the company.

    Operating revenues for the quarter were Rs 7181 million. EBITDA was Rs 4270 million. EBITDA margin was at 59.4 per cent. Profit before tax for the quarter was Rs 553 million. Net profit for the quarter was Rs 354 million.

    “Consumers typically tend to step up spending during festivals and the festive season traditionally accounts for majority of the annual revenues of the company. Upbeat consumer spending is expected during the festival quarter this year compared to the same quarter last year,” said the company in a statement.

    NTO 2.0

    The Telecom Regulatory Authority of India (Trai) recently extended the deadline for enforcing the new tariff order (NTO) 2.0 by announcing an execution plan for migrating subscribers to the new regime. Trai directed distribution platforms to ensure that subscribers avail of pay-tv services as per NTO 2.0 norms with effect from 1 April 2022, moving the earlier 1 December 2021 deadline. While distribution platforms like DTH and cable will have to seek subscriber choice till 31 March, broadcasters will have to submit the required information to Trai by 31 December.

    Several broadcasters had earlier challenged the NTO 2.0 in various high courts. However, in an order passed on 30 June, the Bombay high court had upheld the validity of NTO 2.0, except the second proviso to the twin conditions which stated that the a-la-carte rates of each pay channel (MRP) forming part of a bouquet shall in no case exceed three times the average rate of a pay channel of the bouquet of which such pay channel is a part.

    Broadcasters had then approached the Supreme Court challenging the Bombay high court order. The Supreme Court is yet to announce its decision.

    “We would be watching the developments on the litigation front for now while simultaneously acting towards implementation of the order,” said Dish TV India chairman and managing director Jawahar Goel.

  • BARC India revenues at Rs 251 crore in FY21: Crisil

    BARC India revenues at Rs 251 crore in FY21: Crisil

    Mumbai: The Broadcast Audience Research Council (BARC) India revenues stand at Rs 251 crore for FY 2021, according to a Crisil report. Its profit after tax stands at Rs 44 crore. 

    The TV rating agency’s financials for FY 2020 stood at Rs 317 crore in revenues and net loss of Rs five crore. The agency also has a debt obligation of around Rs 38 crore for FY 2022. Crisil reaffirmed its rating of ‘Crisil A/Stable’ for the agency.

    “TV advertisements, the major factor driving revenue for the company, have a high correlation with economic activity. The lockdown imposed to contain the Covid-19 pandemic and weak economic activity in the first half of fiscal 2021 led to a significant drop in ad revenue for television broadcasters, which led to decline in revenue for BARC. However, with an uptick in economic activity in the latter half of the fiscal, revenues have been gradually recovering. Furthermore, the cost-rationalisation measures undertaken by the company ensured better operating profit in fiscal 2021,” said the report.

    Crisil’s report indicates that downward factors such as weakening support from member entities of promoter bodies, change in status as the sole provider of TV viewership measurement in India, and larger than expected debt may impact ratings for the company in the future.  

    80 per cent of BARC India’s revenue comes from broadcasters. It levies a fixed percentage of the ad revenue of broadcasters (0.8 per cent for fiscals 2017 to 2021). As the sole provider of independent TV viewership estimates, BARC India is highly strategic to broadcasters which ensures stickiness and good visibility.

    The agency is promoted by three industry associations, the Indian Broadcasting Foundation (IBF), the Indian Society of Advertisers (ISA), and the Advertising Agencies Association of India (AAAI) with a shareholding of 60:20:20. BARC uses audio watermarking technology and deploys around 46,000 BAR-O-meters. “The company is venturing into viewership estimation for digital platforms, and is increasing the number of BAR-O-meters deployed,” said the report.

  • TRAI: FM Radio ad revenues move up in Q2-17

    TRAI: FM Radio ad revenues move up in Q2-17

    BENGALURU: After the recent slump in advertisement revenues by private FM radio stations in the quarters ended 30 June 2016 (Q1-17) and 31 March 2016 (Q4-17), the trend seems have been averted, albeit marginally for Q2-17 (quarter ended 30 September 2016, current quarter) according to the data released by The Telecom Regulatory Authority of India.

    According to TRAI data, radio combined ad revenues reported by 259 stations were Rs 502.13 crore or an average of Rs 1.94 lakh per station for Q2-17. This was slightly higher than the Rs 1.92 crore (combined revenue Rs 468.08 crore from 244 stations)for the immediate trailing quarter. Q2-17 ad revenue was however short by about Rs 10 lakh per station as compared to the corresponding year ago quarter for which TRAI reported combined ad revenue of Rs 481.56 crore (2.04 crore per station) from 236 stations.

    Please refer to Figure A below for FM Radio Ad Revenue over a five year plus period spanning a 22 quarter period starting with the quarter ended 30 June 2011 (Q1-12) until the quarter ended 30 September 2016 (Q2-17) as per TRAI data. The amounts are in Rs crore and rounded off to the nearest decimal place in the case of combined ad revenue and two decimal places in the case of Average Revenue per station.

    public://r-fig1.jpg

    In absolute terms, combined Radio ad revenue in Q2-17 increased 4.2 percent and 7.3 percent year-over-year (y-o-y, as compared to the corresponding quarter of the previous year) and quarter-over-quarter (q-o-q, immediate trailing quarter) respectively. Average revenue per station in the current quarter declined 5 percent y-o-y, but increased 1.1 percent q-o-q. The total number of stations in Q2-17 increased 9.7 percent y-o-y and 6.1 percent q-o-q.

    Please refer to Figure B for y-o-y and q-o-q changes

    public://r-fig2.jpg

    Conclusion

    Overall, despite the year-end and first quarter of a new fiscal drops, ad revenues as well as ad revenues per station show a linear increasing trend as more and more advertisers have begun to understand the value proposition this very local medium with a pan-India footprint can offer. Further, the third quarter of the fiscal (Q3, quarter ended 31 December) is also the festival quarter of the year in India – a sweet quarter as far as the radio industry is concerned. However, It remains to be seen how demonetisation has affected ad revenues for the fledgling medium for Q3-17. As mentioned above, during the third quarter of a fiscal radio ad revenues have historically been the highest.