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Tag: Sony Pictures Network India

  • Ten Sports, Spiderman sequel help drive up Sony revenue in second quarter

    Ten Sports, Spiderman sequel help drive up Sony revenue in second quarter

    BENGALURU: Sony Pictures Network India’s (SPN) acquisition of Ten Sports Network seems to be working well for parent Sony Corporation’s (Sony) financial numbers for the quarter ended 30 September 2017 (Q2-18, current quarter).

    In its earnings release, Sony has said that the pictures segment sales increased 27 percent year-on-year (a 17 percent increase on a US dollar basis) to 244 billion yen. The  company says that asignificant increase in sales on a US dollar basis was primarily due to higher sales in Motion Pictures and Media Networks. Motion Pictures sales increased significantly due to the strong worldwide theatrical performance of Spider-Man: Homecoming. Media Networks sales increased significantly primarily due to higher advertising and subscription revenues from Ten Sports Network, a sports network in India acquired by SPE in February 2017, and from SPE’s other networks in India.

    Pictures segment operating income increased 4.5 billion yen year-on-year to 7.7 billion yen. The company says that this increase in operating income was primarily due to the above-mentioned increase in sales, partially offset by higher programming and marketing expenses for Media Networks.

    It may be noted that Sony’s Pictures segment, of which SPN is a part, was Sony’s third largest segment in terms of revenue for Q2-18. This segment has reported an operating profit for the current quarter, but an operating loss for the half year ended 30 September 2017 (H1-18). All of Sony’s segments have reported growth in revenue for the current quarter.

    Sony’s revenue and income

    Sony’s sales and operating revenue increased by 22.1 percent compared to the same quarter of the previous fiscal year (year-on-year) to 2,062.5 billion yen. This significant increase was primarily due to the impact of foreign exchange rates and an increase in game & network services (GNS) segment sales. On a constant currency basis, sales increased 15 percent.

    The operating income of Sony’s pictures segment increased 4.5 billion yen year-on-year to 7.7 billion yen. The company says that this increase in operating income was primarily due to the above-mentioned increase in the segment’s sales, partially offset by higher programming and marketing expenses for Media Networks.

    Let us see how the other segments of Sony have fared

    Mobile Communications (MC) segment sales was 172.0 billion yen, essentially flat year-on-year (a 3 percent decrease on a constant currency basis). MC segment had an operating loss of 2.5 billion yen was recorded, compared to operating income of 3.7 billion yen recorded in the same quarter of the previous fiscal year. The company says that this deterioration was primarily due to a change in the geographic mix of smartphone sales, an increase in the price of key components, as well as the negative impact of the appreciation of the US dollar, primarily reflecting the high ratio of US dollar-denominated costs, partially offset by reductions in operating costs and marketing expenses and forex fluctuations.

    The GNS segment sales increased 35.4 percent year-on-year (a 25 percent increase on a constant currency basis) to 433.2 billion yen. The company says that this significant increase was primarily due to an increase in PlayStation4 (PS4) software sales including sales through the network, the impact of foreign exchange rates, as well as an increase in PS4 hardware sales. GNS segment’s operating income increased 35.8 billion yen year-on-year to 54.8 billion yen.

    Imaging Products & Solutions (IPS) segment sales increased 15.8 percent year-on-year (a 7 percent increase on a constant currency basis) to 156.7 billion yen. The company says that this significant increase in sales was mainly due to the impact of foreign exchange rates as well as the absence in the current quarter of the impact from the 2016 Kumamoto Earthquakes in the same quarter of the previous fiscal year. IPS segment’s operating income increased 4.0 billion yen year-on-year to 18.9 billion yen.

    Home Entertainment & Sound (HES) segment’s sales increased 28.1 percent year-on-year (a 17 percent increase on a constant currency basis) to 300.9 billion yen. The company says that this significant increase was primarily due to an improvement in the product mix of televisions reflecting a shift to high value-added models, as well as the impact of foreign exchange rates. HES segment’s operating income increased 6.8 billion yen year-on-year to 24.4 billion yen.

    Semiconductors segment sales increased 17.9 percent year-on-year (a 10 percent increase on a constant currency basis) to 228.4 billion yen. The company says that this increase was primarily due to a significant increase in unit sales of image sensors for mobile products, as well as the absence of the impact of a decrease in image sensor production due to the 2016 Kumamoto Earthquakes in the same quarter of the previous fiscal year, partially offset by a significant decrease in sales of camera modules, a business which was downsized. Semiconductors segment Operating income of 49.4 billion yen was recorded, compared to an operating loss of 4.2 billion yen recorded in the same quarter of the previous fiscal year.

    Music segment sales increased 37.5 percent year-on-year (a 32 percent increase on a constant currency basis) to 206.6 billion yen. The company says that this significant increase in sales was mainly due to higher visual media and platform sales and higher recorded music sales. Visual media and platform sales increased significantly due to the continued strong performance of

    Fate/Grand Order, a game application for mobile devices. Recorded music sales increased significantly primarily due to a continued increase in digital streaming revenues. Music segment’s operating income increased 16.0 billion yen year-on-year to 32.5 billion yen.

    Financial services segment revenue increased 7.2 percent year-on-year to 279.2 billion yen primarily due to an increase in revenue at Sony Life. Revenue at Sony Life increased 6.6 percent year-on-year to 246.0 billion yen mainly due to higher insurance premiums revenue reflecting an increase in the policy amount in force, as well as an improvement in investment performance in the separate account. This improvement in investment performance was mainly due to favorable financial market conditions says the company. Operating income increased 3 billion yen year-on-year to 36.6 billion yen, primarily due to a decline in the loss ratio for automobile insurance at Sony Assurance and the above-mentioned increase in insurance premiums revenue at Sony Life.

  • Zeel closes sports broadcast business sales deal with SPN with slight alterations

    Zeel closes sports broadcast business sales deal with SPN with slight alterations

    BENGALURU: The Subhash Chandra-led Zee Entertainment Enterprises Limited (Zeel) had informed the bourses on 28 February 2017 that it has closed the first phase of the transaction for the sale of its Sports broadcasting business with Sony Pictures Network India  and its affiliates (SPN) on receipt of US$ 330 million out of a total consideration of $385 million.

    The company has now informed the stock exchanges that since certain condition precedents relating to the closure of the second phase of the transaction were taking time, both the parties have mutually concluded the closure of the transaction upon Zeel’s receipt of remittance of US$ 36.32 million from SPN. The company has further informed that the adjustment to the consideration amount inter alia was mainly consequent to retention of a leasehold immovable property at Dubai and certain working capital adjustments of the sports business as per terms of the business. The leasehold immovable property had earlier formed a part of the transaction.

    In August-end 2016, Zeel had informed the stock exchanges about the approval of its board of directors for the proposed sale and transfer of Zeel’s broadcasting business to SPN in an all cash deal. Zee’s Ten Sports Network channels that consisted a number of Sports channels that operated in several countries including the Indian sub-continent, Maldives, Singapore, Middle East.

    Also Read:

    Sony Pictures-Ten Sports deal cleared by CCI

  • Sony nets 11 KBC sponsors, ad inventory almost sold out

    Sony nets 11 KBC sponsors, ad inventory almost sold out

    MUMBAI: Five days from now, when Kaun Banegi Crorepati (KBC)  fans tune into the iconic Amitabh Bachchan-hosted long-running millionaire game show)  on Sony Entertainment Television (SET) from 9 pm to 10:30 pm, they will come across quite a few innovations.

    For one, they will notice that KBC in its ninth season has been shortened to just 35 episodes with each one having a duration of between 50-60 minutes of content.  

    Then they will observe that lifelines that are provided to contestants  – when they are stumped by the quiz question put to them by Mr Bachchan – are refreshingly different.

    Instead of phone a friend,  they will be able to video a friend. A new lifeline Jodidaar (companion) has been introduced – wherein the participant can bring along a partner to join him/her on the coveted hot seat. The iconic large-sized cheques are also being replaced with digital currency which will be  transferred directly into the winner’s account via Axis Bank, keeping in mind prime minister Narendra Modi digital financial  transaction directive.

    Of  course, the show will air Monday to Friday of each week. And it’s coming on air three years after it was aired the last time in 2014.

    Produced  by the ever so loveable team of Siddharth ‘Babu’ Basu and Anita Kaul Basu for Sony Pictures Networks India (SPNI),  an interesting twist has been introduced in the KBC narrative, which is likely to add a lot of excitement and drama for both participants and viewers.

    A jackpot question, which will make the contestant richer by a mouth-watering Rs 70 million – should he or she answer it correctly after he has gone past the 15 quizzing rounds successfully and won Rs 10 million – has been brought in. This will be an all or nothing deal, wherein the quizzer’s remaining lifelines will terminate. Should the contestant fail to answer the jackpot question, his or her earnings will evaporate from Rs 10 million to Rs 3,40,000.

    Says SET  EVP and business head Danish Khan: “We wanted to make KBC  pacier, with innovations being thrown in so that viewers stay engaged. People don’t have too much patience. They want a lot of action packed into one hour.”

    The  team has also paintstakingly worked on contestant selection. Says Khan: “The aim is to live up to the promise of celebrating the common Indian and his/her exemplary contribution to the society.”

    Bachchan will also invite real-life-heroes in special episodes which are to be aired every Friday. These individuals will not only be given an opportunity to play the game, but also be provided a platform to reach out to the country in support of their cause. Among the contestants who are slated to take part include  Indian women’s cricket heroes Mithali Raj and  Harmanpreet Kaur.

    Sony Pictures Networks India CEO NP Singh points out:   “KBC truly does go beyond the ordinary to touch the lives of people from all walks of life. This show has always exemplified attainment via the power of knowledge.”

    Kaun Banega Crorepati will bring the game closer to  viewers by taking the engagement a notch higher. Jio – which is title sponsoring KBC this year – subscribers can participate daily in the Ghar Baithe Jackpot Jeeto contest and stand a chance to win a Datsun redi-GO car every day. For the first time ever Jio subscribers will have the opportunity to ‘Play Along’ with the on-air game and match their knowledge with the contestants on the hot seat.

    KBC, like earlier years, has managed to appeal to a wide array of sponsors even before the show has gone on air. Which speaks volumes for its pedigree.

    11 of them, including Vivo, Jio, Ching’s, Datsun, Raymond, Axis Bank, Akash Tutorial, Big Bazar and Quick Heal have signed on the dotted line.

    “The complete inventory has been sold out. This is one of the best seasons we have had so far because we have been completely sold out before the start of the show,” says SPNI network sales president Rohit Gupta.

    Gupta revealed that only five per cent of the air time has been kept aside for advertisers wanting to get on board as the season progresses and the show gathers momentum and grows its viewership.

    “We might sell this during the Diwali  festive season to get a higher premium,” he says.

    Gupta refused to go into detail about the amount of revenues and the ad rates that have been pegged this year.

    Says he:  “Comparing  this season and the last one would be unfair as this time the number of episodes is different. But you can say that the ad rates have gone up by 15-20 per cent this year.”

    According to industry experts, Gupta and his  sales team have priced a 10 second TV spot at ₹3.5 lakh to start with, which is a growth of 20 per cent over what it was when KBC went  on air in the last season.

    Says Singh:“The new avatar you are seeing for KBC  has been guided by audience insights. The show truly does go beyond the ordinary to touch the lives of people from all walks of life. It  has always exemplified attainment via the power of knowledge.”

    Adds Big Synergy creative producer Siddharth Basu: “The huge number of registrations for a crack at the hot seat is one pointer to the enormous anticipation for the show. Along with much-loved features of the classic format, viewers can look forward to expect the unexpected this season, a turbo-charged version, with novel features, engaging contestants, and vibrant conduct by the host who’s the most – Amitabh Bachchan.”

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  • BCCC directs ‘Pehredaar Piya Ki’ to late night slot with disclaimers

    NEW DELHI: The Broadcasting Content Complaints Council (BCCC), a self-regulatory body under the Indian Broadcasting Foundation umbrella, has asked Sony Pictures Network India to move its fictional serial Pehredaar Piya Ki, aired on one of its channels, to the 10 pm slot and simultaneously run a scroll that it doesn’t promote child marriage.

    The soap opera, with a story-line where a minor boy is shown married to a young-adult woman, who also doubles up as his security guard, had come under criticism for allegedly promoting regressive ideas like child marriage, which is an offence under Indian laws.

    The BCCC directive to Sony Pictures Networks India, which came on Wednesday, was the first one chaired by its new chief Justice (retd) Vikramajit Sen, according to news agency IANS.

    “We had a monthly meeting and the channel officials were called for a discussion, which went on for quite long. After everything, they were directed that the timing of the show should be shifted to a late night slot of 10 pm  and that they must run a disclaimer. They (Sony Pictures Networks India) will have to comply,” a BCCC executive was quoted by IANS as saying.

    Indiantelevision.com could not independently reach out to SPNI for its comments on the BCCC directive till the time of writing this report, which is based on what news agency IANS has filed.

    Since the last BCCC meeting, the body received around 138 fresh complaints against `Pehredaar Piya Ki’, which is produced by Shashi Sumeet  Productions and went on air last month. The makers had been defending it, saying viewers must understand the circumstances in which the girl has to marry the boy child, the news agency report stated.

    Earlier, some media reports quoted the minister of information & broadcasting (MIB) Smriti Irani, when asked about the controversy surrounding the Sony Pictures Networks India serial, saying that her ministry has asked the BCCC to look into the issue.

    The serial stars Tejaswi Prakash Wayangankar as Diya Ratan Singh and Afaan Khan as her husband Prince Ratan Singh.

    Set up in June 2011, BCCC is an independent self-regulatory body for non-news general entertainment channels under the Indian Broadcasting Foundation, an apex body of a large number of general and factual entertainment TV channels operating in India. IBF website states its members manage 350+ channels and about 90 per cent of television viewership across country.

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  • Sony sports channels to broadcast India’s cricket tour of Lanka

    MUMBAI: The Sony Pictures Sports Networks will broadcast India cricket team’s tour of Sri Lanka, which kicks off on 26 July 2017. The recent rebranding of sports channels has helped Sony Pictures Network India (SPNI) to devote Sony SIX, Sony SIX HD, Sony Ten 3 and Sony Ten 3HD for cricket coverage in English and Hindi, respectively.

    Viewers on the go can also watch the series by live streaming it on the SonyLIV app and on its website, according to a statement from SPNI.
    The series promises to be a treat for cricket enthusiasts with three Tests, five ODIs and a standalone T20 to be played across four scenic venues in Sri Lanka.

    India’s tour of Sri Lanka will also see the Sony network’s celebrated live wrap-around analysis show ‘Extraaa Innings’ hosted by Harsha Bhogle. Cricket expert lined up for such pre, post and live match coverage and analysis include Sunil Gavaskar, Ajay Jadeja, Murali Kartik, Russel Arnold and Simon Doull.

    SPN India president, distribution and sports business Rajesh Kaul said, “With two channels dedicated to cricket, we are committed to offering Indian cricket fans with the finest of cricketing action in 2017.”   

    SonyLIV EVP and head-digital business Uday Sodhi said, “SonyLIV has established its foothold as India’s premium digital entertainment destination when it comes to entertainment and sports, and it further reinforces its position as the ultimate online destination for the sports fan with India’s tour of Sri Lanka.”

    public://schedule.jpg

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  • Zee TV makes it to second place across genres

    BENGALURU: For the second time in 2017, the Zee Entertainment Enterprises Limited (Zeel) network flagship Hindi GEC Zee TV found itself as the second most watched channel across genres, pushing down Star India’s flagship Hindi GEC Star Plus to third place. The first place across genres, of course, is the sole domain of The Sun TV Network’s flagship Tamil GEC Sun TV, except during the IPL that is. Over the past few weeks, the Hindi GEC and the Hindi GEC (Urban or U) markets have promoted two Zee TV programmes – a reality talent show – Sa Re Ga Ma Pa Little Champs and a Balaji Telefilms family soap Kumkum Bhagya to the top of the weekly top five Hindi GEC programmes list. – NCCS All : Prime Time (1800 – 2330 hrs) : 2+ Individuals.

    One Tamil GEC channel and One Hindi Movies channel, two Telugu GEC channels and six Hindi GEC channels made it to the weekly top 10 channels list across genres of Broadcast Audience Research Council of India (BARC) for week 27 of 2017 (Saturday, 1 July 2017 to Friday, 7 July 2017). Or, putting it across differently, two channels each from the Sun TV, Zeel, Star India, Network 18 and Sony Pictures Network India (SPN) networks made up the weekly top 10 channels across genres list for week 27 of 2017.

    Sun TV occupied its usual unassailable position as leader of the Top 10 channels across genre pack with 1,112.035 million weekly impressions in week 27 – the channel improved its impressions by 2.87 percent over week 26. Zee TV gained a rank to second place with a massive 15.65 percent gain in weekly impressions over week 26 with 686.643 million weekly impressions, followed by Star Plus at third place with 650.601 million weekly impressions (a gain of 0.91 percent over the previous week).

    Network 18’s FTA Hindi GEC Rishtey gained 4.20 percent in ratings and a rank to fourth place with 611.891 million weekly impressions in week 27 as compared to week 26. Zeel’s FTA Hindi GEC lost a rank and 4.79 percent in ratings to come fifth in week 2017 with 564.640 million weekly impressions as compared to the previous week.

    Network 18’s flagship Hindi GEC Colors retained its sixth place in week 27, but lost 4.53 percent ratings as compared to the previous week. The channel garnered 557.186 million weekly impressions. SPN’s Hindi GEC Sony Pal gained a rank to seventh place and 2.81 percent in ratings in week 27 as compared to week 26. Sony Pal scored 549.929 million impressions. SPN’s Hindi Movies channels lost a rank to eighth place and 1.04 percent in ratings with 544.322 million weekly impressions.

    The Sun TV Network’s flagship Telugu GEC Gemini came ninth in week 27, the same rank as week 26, but lost 2.03 percent in ratings with a score of 495.036 million weekly impressions. Star India’s Telugu GEC Star Maa entered the list with 477.390 million weekly impressions to tenth place, while Network 18’s Telugu GEC ETV Telugu exited the top 10 across genres list in week 27 of 2017.

  • FIFA U-17 draw: Hosts India to take on U.S. in Delhi

    MUMBAI: The official draw for the FIFA U-17 World Cup, which will be played at six venues across India between 6 and 28 October 2017, took place in Mumbai on Friday.

    Telecast rights of this tournament are with Sony Pictures Network India. FIFA World Cup is held every four years, and Sony had bagged the rights in 2014, Sony Six business head Prasanna Krishnan had earlier told Indiantelevision.com.

    Friday’s draw revealed that hosts India will take on the U.S. in their opening match of the competition in New Delhi. Group A also includes Colombia and Ghana, who will also clash as part of the first day’s action.

    Perhaps the most intriguing quartet of teams can be found in Group D, where FIFA tournament debutants Niger were drawn with Korea DPR, Brazil, and Spain.

    The draw ceremony was held in the presence of FIFA Council member Sunil Gulati, All-India Football Federation president Praful Patel and Indian minister of youth affairs and sports Vijay Goel.

    Assisting in the draw ceremony were FIFA Legends Esteban Cambiasso and Nwankwo Kanu, as well as Indian national team legend Sunil Chhetri and Indian badminton star Pusarla Venkata Sindhu.

    One of the highlights of the ceremony was the performance of the tournament’s official song. Pritam and Babul Supriyo revealed ‘Kar Ke Dikhla De Goal’ for the first time, much to the delight of the assembled audience.

    FIFA U-17 World Cup India 2017 Draw

    Group A: India, USA, Colombia, Ghana
    Group B: Paraguay, Mali, New Zealand, Turkey
    Group C: Iran, Guinea, Germany, Costa Rica
    Group D: Korea DPR, Niger, Brazil, Spain
    Group E: Honduras, Japan, New Caledonia, France
    Group F: Iraq, Mexico, Chile, England

  • SonyLiv to work with independent artistes, says Uday Sodhi

    MUMBAI: Are you an independent musician? Well, SonyLIV is here to offer you an outlet to build your audience base.

    The digital army of Sony Pictures Network India, SonyLIV has opened its gates to independent artists as they explore music in the digital space. The brand that recently launched the ‘Aadat Che Tu’ music video to accompany its Gujarati rom-com web series, ‘Kacho Papad, Pako Papad’ is looking at connecting with the audience musically.

    “Music is something that the Indians love to consume, even when you are making a web series. ‘Aadat Che Tu’ is a song that captures the essence of the show – ‘Kacho Papad, Pako Papad’. Creating songs around web series is an attempt to complete the experience. We cannot imagine a movie without songs and its music that has worked for our shows,” says Sony Pictures Networks India EVP & head – digital business Uday Sodhi.

    For detailed story, read here:

    SonyLIV opens its gates to independent musicians

  • SPN India to feature in SPE growth in 2018

    BENGALURU: Sony Corp (Sony) had an investors’ day on 23 May 2017 pertaining to the results for its financial year ended 31 March 2017 (FY-17). It its investor presentation, the company has forecast 12.7 percent growth in revenue of its Sony Pictures Entertainment (SPE) group to $9,346 million for fiscal 2018 from $8,292 million in FY-17.

    Sony’s Pictures segment is comprised of the Motion Pictures, Television Productions, and Media Networks categories.

    SPE’s Media Networks growth driven by GSN and India, somewhat offset by TEN Sports, will be among the largest factors that will impact performance positively for fiscal 2018. The company forecasts 28 percent growth in operating income to $359 million in FY-18 from $280 million in fiscal 2017 for SPE. Sony Pictures Network India (SPN India) is a part of SPE.

    Sony has planned strategies for growth of its SPE group in fiscal 2018. These include implementing turnaround for its Motion Pictures segment. Sony Corp reported a steep drop in operating income for fiscal 017, which it says was mainly due to the US$962 million (¥112.1 billion yen) impairment charge of goodwill recorded in the Motion Pictures segment.

    For SPE’s Television Production segment, Sony plans to maintain and strengthen relationships with top content producers and major networks, while for SPE’s Media Networks segment Sony plans to generate stable profit through recurring revenue business model.

    In FY-17, Sales for the SPE decreased 3.7 percent (a 5 percent increase on a U.S. dollar basis) primarily due to the impact of the appreciation of the yen against the U.S. dollar. The increase in sales on a US dollar basis was primarily due to higher sales for Television Productions and Media Networks. Sales for Television Productions increased primarily due to higher subscription video-on-demand (SVOD) licensing revenues. The increase in sales for Media Networks was due to higher advertising and subscription revenues mainly in India, Latin America and the US says the company.

    The company has also announced Anthony Vinciquerra as chairman and CEO of SPE effective 1 June 2017.

  • IPL Impression: Sony Six & ESPN double, Ten1 & 2 halve

    MUMBAI: Sony ESPN climbed from the fourth to the second spot in BARC week 15 primarily owing to the telecast of Vivo IPL 10 matches. IPL 10 recently catapulted Sony Max to the second place across television genres according to BARC week 14 ratings.

    While Sony Six retained its leadership position riding pillion on the top-ranking Sunrisers Hyderabad-Mumbai Indians and other matches, Ten1 and Ten2 dropped to the third and fourth positions, respectively.

    The Indian Premier League has helped Sony Pictures Network India channels rake in the ratings during each of the seasons that that the network has purchased rights to beam the cricketing bonanza event to Indian homes for.

    In BARC week 15, Sony Six maintained its reign with 458932 Impressions (000s) as compared to last BARC week’s 222752 Impressions followed by Sony ESPN with 114119 Impressions (000s) (as compared to 42632 Impressions). Ten1 and Ten2 slipped with 71663 Impressions (000s) as compared to last week’s 146639 Impressions and 24766 Impressions (000s) as compared to last week 53495 Impressions, respectively.

    With no main sporting event currently being aired on the channel, Star Sports 3 survived at the bottom of the table with 22125 Impressions (000s) as compared to last BARC week’s 34195 Impressions.

    The mega cricketing event has also pushed Sony Max to the pole position in the Hindi Movies, Hindi Movies Rural and Hindi Movies Urban genres.

    Three channels from Network 18 (Viacom 18), two each from SPN, the Sun Network and Zee Entertainment Enterprises Limited (Zeel) and one channel from Star India made it to the top 10 most watched channels across genres list for week 14.

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