ITV

Tag: Subhash Chandra

  • FY-16: Zeel’s revenue up 20 percent on higher ad, subscription revenue

    FY-16: Zeel’s revenue up 20 percent on higher ad, subscription revenue

    BENGALURU: The Subhash Chandra led content and broadcast player Zee Entertainment Enterprises Limited (Zeel) reported a 19.8 per cent  hike revenue for the year ended 31 March 2016 (FY-16, current year) as compared to the previous year. The growth was driven by a 28.9 percent growth in Zeel’s advertising (ad) revenue, supplemented by a 14.7 percent growth in subscription revenue. Zeel reported consolidated revenue (Total income from operations, TIO) of Rs 5,851.46 crore in FY-16 as compared to Rs 4,883.65 crore in FY-15.

    Note: (1) 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.
    (2) All numbers in this report are consolidated unless stated otherwise.

    Ad revenue in the current year was Rs 3,429.64 (58.6 percent of TIO) as compared to Rs 2,660.30 crore (54.5 percent of TIO) in the previous year. Subscription revenue in the current year was Rs 2,057.87 crore (35.2 percent of TIO) as compared to Rs 1,793,48 crore (36.7 percent of TIO) in FY-15.

    Profit after tax (PAT) for the current year increased 5 percent to Rs 1,026.77 crore (17.5 percent margin) as compared to Rs 977.50 crore (20 percent margin) in FY-15.

    Zeel’s Operating profit (EBITDA) for FY-16 stood at Rs 1,509.55 crore (25.8 percent EBITDA Margin) which was 20.4 percent higher than the Rs 1,253.70 crore (25.7 percent EBIDTA margin).

    Total Expenditure in FY-16 increased 19.7 percent to Rs 4,425.95 crore (75.6 percent of TIO) from Rs 3,692.27 crore (75.7 percent of TIO).

    Numbers for Q4-16

    For the quarter ended 31 March 2016 (Q1-16, current quarter), TIO  increased 13.7 percent year-over-year (y-o-y) to Rs 1,531.62 crore from Rs 1,347.05 crore, but declined 4 percent quarter-over-quarter (q-o-q) from Rs 1,595.08 crore in the immediate trailing quarter.

    Zeel reported 29.1 percent growth in y-o-y ad revenue to Rs 864.51 crore as compared to Rs 669.66 crore (47.7 percent of TIO). The current quarter’s ad revenue however declined 8.2 percent q-o-q from Rs 941.88 crore (59 per cent ofTIO).

    Subscription revenue in Q1-16 increased 16.4 percent y-o-y to Rs 594.41 crore (38.8 percent of TIO) as compared to Rs 510.77 crore (37.9 percent of TIO) in Q4-15 and increased 13.9 percent q-o-q from Rs 521.80 crore (32.7 percent of TIO) in Q3-16.

    PAT in the current quarter increased 6.9 percent y-o-y to Rs 260.61 crore (17 percent margin) from Rs 230.77 crore (17.1 percent margin), but declined 5.2 percent q-o-q from Rs 275 crore (17.2 percent margin).

    EBIDTA in the current quarter increased 52.7 percent y-o-y to Rs 413.57 crore (27 percent EBIDTA margin) from Rs 270.75 crore (20.1 percent margin), but declined 3.9 percent q-o-q from Rs 430.19 crore (27 percent EBIDTA margin).

    Total Expenditure in Q4-16 increased 4.7 percent y-o-y to Rs 1,145.38 crore (74.8 percent of TIO) from Rs 1,093.70 crore (78 percent of TIO), but declined 3.3 percent q-o-q from Rs 1,185.01 crore (74.3 percent of TIO) in Q3-16.

    Company Speak

    Chandra added, “The results have once again shown that the Company is committed to the goal of profitable growth and enhancing shareholder wealth. The growth in the quarter has been satisfactory and the investment in the new channels has started showing results. We strive to seek out growth opportunities which will give sustainable long term growth. True to our philosophy of ‘World is one family’, we will continue to entertain the audience around the world with our content.”

    Zeel managing director and CEO Punit Goenka, Managing said, “I am happy to announce that our sustained growth momentum through the year continued in the fourth quarter as well and we have ended the year on a strong note. Our growth has been ahead of the market growth trajectory which is being reflected in the improving viewership share of our network. We continue to see strong growth in both existing and new products.”

    “In the last quarter we launched OZEE which is a one stop destination for all Zee content online. We understand that Digital will be a key part of our growth in the future and hence we are geared for expansion on that front as well. We also rebranded our sports channel portfolio in line with our vision to provide the consumer a superior viewing experience.”

    “We would continue to innovate on the content front to serve our audiences. With the growth in consumption on digital platforms the content production has been democratized and it will lead to increase in content variety for the consumer. Zee has a strong pedigree in the content creation business and we will continue to maintain and build on it,” added Goenka.

    Click here for earnings release.

    Click here for Financial release.

  • FY-16: Zeel’s revenue up 20 percent on higher ad, subscription revenue

    FY-16: Zeel’s revenue up 20 percent on higher ad, subscription revenue

    BENGALURU: The Subhash Chandra led content and broadcast player Zee Entertainment Enterprises Limited (Zeel) reported a 19.8 per cent  hike revenue for the year ended 31 March 2016 (FY-16, current year) as compared to the previous year. The growth was driven by a 28.9 percent growth in Zeel’s advertising (ad) revenue, supplemented by a 14.7 percent growth in subscription revenue. Zeel reported consolidated revenue (Total income from operations, TIO) of Rs 5,851.46 crore in FY-16 as compared to Rs 4,883.65 crore in FY-15.

    Note: (1) 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.
    (2) All numbers in this report are consolidated unless stated otherwise.

    Ad revenue in the current year was Rs 3,429.64 (58.6 percent of TIO) as compared to Rs 2,660.30 crore (54.5 percent of TIO) in the previous year. Subscription revenue in the current year was Rs 2,057.87 crore (35.2 percent of TIO) as compared to Rs 1,793,48 crore (36.7 percent of TIO) in FY-15.

    Profit after tax (PAT) for the current year increased 5 percent to Rs 1,026.77 crore (17.5 percent margin) as compared to Rs 977.50 crore (20 percent margin) in FY-15.

    Zeel’s Operating profit (EBITDA) for FY-16 stood at Rs 1,509.55 crore (25.8 percent EBITDA Margin) which was 20.4 percent higher than the Rs 1,253.70 crore (25.7 percent EBIDTA margin).

    Total Expenditure in FY-16 increased 19.7 percent to Rs 4,425.95 crore (75.6 percent of TIO) from Rs 3,692.27 crore (75.7 percent of TIO).

    Numbers for Q4-16

    For the quarter ended 31 March 2016 (Q1-16, current quarter), TIO  increased 13.7 percent year-over-year (y-o-y) to Rs 1,531.62 crore from Rs 1,347.05 crore, but declined 4 percent quarter-over-quarter (q-o-q) from Rs 1,595.08 crore in the immediate trailing quarter.

    Zeel reported 29.1 percent growth in y-o-y ad revenue to Rs 864.51 crore as compared to Rs 669.66 crore (47.7 percent of TIO). The current quarter’s ad revenue however declined 8.2 percent q-o-q from Rs 941.88 crore (59 per cent ofTIO).

    Subscription revenue in Q1-16 increased 16.4 percent y-o-y to Rs 594.41 crore (38.8 percent of TIO) as compared to Rs 510.77 crore (37.9 percent of TIO) in Q4-15 and increased 13.9 percent q-o-q from Rs 521.80 crore (32.7 percent of TIO) in Q3-16.

    PAT in the current quarter increased 6.9 percent y-o-y to Rs 260.61 crore (17 percent margin) from Rs 230.77 crore (17.1 percent margin), but declined 5.2 percent q-o-q from Rs 275 crore (17.2 percent margin).

    EBIDTA in the current quarter increased 52.7 percent y-o-y to Rs 413.57 crore (27 percent EBIDTA margin) from Rs 270.75 crore (20.1 percent margin), but declined 3.9 percent q-o-q from Rs 430.19 crore (27 percent EBIDTA margin).

    Total Expenditure in Q4-16 increased 4.7 percent y-o-y to Rs 1,145.38 crore (74.8 percent of TIO) from Rs 1,093.70 crore (78 percent of TIO), but declined 3.3 percent q-o-q from Rs 1,185.01 crore (74.3 percent of TIO) in Q3-16.

    Company Speak

    Chandra added, “The results have once again shown that the Company is committed to the goal of profitable growth and enhancing shareholder wealth. The growth in the quarter has been satisfactory and the investment in the new channels has started showing results. We strive to seek out growth opportunities which will give sustainable long term growth. True to our philosophy of ‘World is one family’, we will continue to entertain the audience around the world with our content.”

    Zeel managing director and CEO Punit Goenka, Managing said, “I am happy to announce that our sustained growth momentum through the year continued in the fourth quarter as well and we have ended the year on a strong note. Our growth has been ahead of the market growth trajectory which is being reflected in the improving viewership share of our network. We continue to see strong growth in both existing and new products.”

    “In the last quarter we launched OZEE which is a one stop destination for all Zee content online. We understand that Digital will be a key part of our growth in the future and hence we are geared for expansion on that front as well. We also rebranded our sports channel portfolio in line with our vision to provide the consumer a superior viewing experience.”

    “We would continue to innovate on the content front to serve our audiences. With the growth in consumption on digital platforms the content production has been democratized and it will lead to increase in content variety for the consumer. Zee has a strong pedigree in the content creation business and we will continue to maintain and build on it,” added Goenka.

    Click here for earnings release.

    Click here for Financial release.

  • Zee News goes Free-To-Air

    Zee News goes Free-To-Air

    MUMBAI: Subhash Chandra’s national Hindi news channel Zee News is now a Free-To-Air (FTA) channel. The decision was taken at a board meeting held on 6 May 2016.

    A flagship property of Zee Media Corporation company and a subsidiary of Essel Group, the channel was founded in 1999 and is an Indian news and current affairs channel.

    It may also be recalled that ZMCL CEO Bhaskar Das was recently moved to Zee Unimedia Limited as president and chief growth and innovation officer. 
    Zee Media Corporation Limited is India’s one of the largest news network with 10 channels, Mumbai edition of DNA newspaper and digital properties like zeenews.com and dnaindia.com.

  • Zee News goes Free-To-Air

    Zee News goes Free-To-Air

    MUMBAI: Subhash Chandra’s national Hindi news channel Zee News is now a Free-To-Air (FTA) channel. The decision was taken at a board meeting held on 6 May 2016.

    A flagship property of Zee Media Corporation company and a subsidiary of Essel Group, the channel was founded in 1999 and is an Indian news and current affairs channel.

    It may also be recalled that ZMCL CEO Bhaskar Das was recently moved to Zee Unimedia Limited as president and chief growth and innovation officer. 
    Zee Media Corporation Limited is India’s one of the largest news network with 10 channels, Mumbai edition of DNA newspaper and digital properties like zeenews.com and dnaindia.com.

  • Siti Cable denies acquisition of Den Network

    Siti Cable denies acquisition of Den Network

    MUMBAI: The Siti Cable Network  management has vehemently denied – through a press release – the correctness of the news item that has appeared in The Economic Times today indicating that it was likely to acquire national MSO DEN Networks.

    Said Siti Cable executive director and CEO V D Wadhwa in the release:  “There are no such developments between Siti Cable and Den Networks and we would not like to comment on the speculative news  being carried out in the media in this regard”.

    The National and the Bombay Stock exchanges had also sought clarifications from Den Networks in the matter. The latter has through  a similar notice  signed by company secretary Jatin Mahajan to the exchange stated that as a policy  it does not comment on any market speculation.

    Siti Cable and Den Networks were responding to the query raised by the bourses about an article that appeared in the business daily that alleged that Siti Cable chairman Subhash Chandra is looking to expand his cable business by acquiring the Sameer Manchanda-promoted Den Networks for Rs 2,000 crore.

     

  • Siti Cable denies acquisition of Den Network

    Siti Cable denies acquisition of Den Network

    MUMBAI: The Siti Cable Network  management has vehemently denied – through a press release – the correctness of the news item that has appeared in The Economic Times today indicating that it was likely to acquire national MSO DEN Networks.

    Said Siti Cable executive director and CEO V D Wadhwa in the release:  “There are no such developments between Siti Cable and Den Networks and we would not like to comment on the speculative news  being carried out in the media in this regard”.

    The National and the Bombay Stock exchanges had also sought clarifications from Den Networks in the matter. The latter has through  a similar notice  signed by company secretary Jatin Mahajan to the exchange stated that as a policy  it does not comment on any market speculation.

    Siti Cable and Den Networks were responding to the query raised by the bourses about an article that appeared in the business daily that alleged that Siti Cable chairman Subhash Chandra is looking to expand his cable business by acquiring the Sameer Manchanda-promoted Den Networks for Rs 2,000 crore.

     

  • ZMCL appoints WION’s Rohit Gandhi as editor-in-chief for its English daily

    ZMCL appoints WION’s Rohit Gandhi as editor-in-chief for its English daily

    MUMBAI: : Zee Media Corporation Limited (ZMCL) announced that its English news channel WION head Rohit Gandhi will take on additional responsibility as editor-in-chief of its English daily DNA. The new appointments will come into effect today,7 April. All editorial functions will henceforth report to Rohit Gandhi.

    Additionally, Shreyasi Goenka, who has been mentoring the content at DNA for a while, will now take the responsibility of content advisor and will guide all functions of DNA. Uday Nirgudkar who has been heading DNA along with Zee 24 Taas, will now continue to lead Zee 24 Taas as its business head.

    Commenting on the new leadership, Essel Group & Zee Media Corporation Limited (ZMCL) chairman Subhash Chandra said, “One of our Vision 2020 goals is to become a leading global media conglomerate which is hugely dependent on our ability to create an organization that has the capacity to achieve its desired aspirations. We believe that the convergence of our media businesses i.e. television news and print platforms is an opportunity that will help us to achieve this organizational aspiration. With Zee Media’s ambition to get into English News broadcasting, both the brands put together give the organization an opportunity to serve our audiences better.”

    Shreyasi Goenka said, “Since its launch in 2005, DNA has become the preferred choice for India’s young and dynamic readers. We have been continuously innovating with offerings like ‘I Am IN – dna of India’, a technology enabled initiative, that promises to enlighten, engage and empower citizens of India in getting involved in the cause for better governance.We are confident that this new seamless organizational structure will bring in fresh insights and views, thus helping us to leverage resources more effectively and in maximizing our market potential.”

    Speaking on his new appointment, Rohit Gandhi said, “We are moving to expand our coverage and the editions of DNA. It is a great opportunity for us to bring more textured content from all parts of India to give our readers a far deeper understanding of India and the world. I look forward to working with Shreyasi in building an insightful newspaper.”

     

  • ZMCL appoints WION’s Rohit Gandhi as editor-in-chief for its English daily

    ZMCL appoints WION’s Rohit Gandhi as editor-in-chief for its English daily

    MUMBAI: : Zee Media Corporation Limited (ZMCL) announced that its English news channel WION head Rohit Gandhi will take on additional responsibility as editor-in-chief of its English daily DNA. The new appointments will come into effect today,7 April. All editorial functions will henceforth report to Rohit Gandhi.

    Additionally, Shreyasi Goenka, who has been mentoring the content at DNA for a while, will now take the responsibility of content advisor and will guide all functions of DNA. Uday Nirgudkar who has been heading DNA along with Zee 24 Taas, will now continue to lead Zee 24 Taas as its business head.

    Commenting on the new leadership, Essel Group & Zee Media Corporation Limited (ZMCL) chairman Subhash Chandra said, “One of our Vision 2020 goals is to become a leading global media conglomerate which is hugely dependent on our ability to create an organization that has the capacity to achieve its desired aspirations. We believe that the convergence of our media businesses i.e. television news and print platforms is an opportunity that will help us to achieve this organizational aspiration. With Zee Media’s ambition to get into English News broadcasting, both the brands put together give the organization an opportunity to serve our audiences better.”

    Shreyasi Goenka said, “Since its launch in 2005, DNA has become the preferred choice for India’s young and dynamic readers. We have been continuously innovating with offerings like ‘I Am IN – dna of India’, a technology enabled initiative, that promises to enlighten, engage and empower citizens of India in getting involved in the cause for better governance.We are confident that this new seamless organizational structure will bring in fresh insights and views, thus helping us to leverage resources more effectively and in maximizing our market potential.”

    Speaking on his new appointment, Rohit Gandhi said, “We are moving to expand our coverage and the editions of DNA. It is a great opportunity for us to bring more textured content from all parts of India to give our readers a far deeper understanding of India and the world. I look forward to working with Shreyasi in building an insightful newspaper.”

     

  • MIPTV 2016: Deal making, the Goenka brothers and the Indian presence

    MIPTV 2016: Deal making, the Goenka brothers and the Indian presence

    Cannes: A 100 plus strong delegation has been making its presence felt at Reed Midem’s MIPTV 2016 in this picturesque small town of Cannes on the French Riviera. Thankfully the weather has held up and the skies have been clear on most days, excepting for one when it drizzled steadily throughout. Touts on the streets made a killing selling umbrellas. On other days, a nip in the air  forced everyone to bring out their cardigans and overcoats.

     

    But on Day 3 of the 50 plus year old market cum festival, the sun came out in all its glory with the temperature climbing up and television executives feeling its full blaze even as the deal making and the conferences and debates hotted up.

     

    MipTV, the festival-cum-market has attracted upwards of 10,500 participants, at a time when Europe has been grappling  with warning signs about it being a no-visit zone courtesy the terrorist attacks.

    For the Indians, the highlight of MipTV is the honouring of the two Goenka brothers – Punit and Amit Goenka (the scions of media entrepreneur Subhash Chandra) – with the Medialle des Honneurs on 6 April. Punit, who was supposed to come, could not make it on account of a family emergency, but Amit did.  This is the first time an Indian is being honoured as such by the French company Reed Midem.

    Additionally, the other high points have been an India format session moderated by Indiantelevision.com founder Anil Wanvari, and a session on 4K in which TravelXP CEO Prashant Chothani participated. Other panelists on the India session included: Ajay Nair (OML), Rahul Sangari (Grey Matter), GoQuest Media (Vivek Lath), and Yogesh Karikurve (ZeeTV).

    Indian companies such as Zee TV, Star India, GoQuest, Vedic Broadcasting, DQ Entertainment, Cosmos Maya, Eros Worldwide, Indiantelevision.com, Indiacast, Green Gold Animation, Rajshri Entertainment, are among those companies which have come on as exhibitors.

    Film producer Prasad Devineni who bankrolled the  Indian multilingual blockbuster film Bahubali and who also churns out many a TV show in the Telugu market made it to MIPTV to explore new avenues for his company Arka Media Works.

    Cosmos Maya CEO Anish Mehta was cock-a-hoop with delight about the deals his company had managed to sign on at MipTV.

    MIPTV also had some grand moments  like the premier  for Roots and The Story of God (Morgan Freeman), Morgan Spurlock’s keynote, the launch of MipDrama Screenings, the keynotes by author and writer Harlan Coben, Vivendi Content & Havas Media CEO Domiqnique Delport, RTL co-CEO Gullaume de Posch, Mattel COO & President Richard Dickson and Wildness chief strategy officer Margaret Czeisler.

    At the time of writing all eyes were turned towards the Medaille D’Honneur ceremony which was slated to be held late on the evening of 6 April.  Amit is expected to receive the award for himself and his brother in front of an audience consisting of leading global TV executives.

    In addition to Punit Goenka and Amit Goenka, three other distinguished TV industry leaders will receive Médaille d’Honneur in Cannes including:   Germany’s Studiocanal TV MD Rola Bauer,  Disney Media Networks global distribution president Ben Pyne from the US  and Mexico’s Comarex president Marcel Vinay. 

     

  • MIPTV 2016: Deal making, the Goenka brothers and the Indian presence

    MIPTV 2016: Deal making, the Goenka brothers and the Indian presence

    Cannes: A 100 plus strong delegation has been making its presence felt at Reed Midem’s MIPTV 2016 in this picturesque small town of Cannes on the French Riviera. Thankfully the weather has held up and the skies have been clear on most days, excepting for one when it drizzled steadily throughout. Touts on the streets made a killing selling umbrellas. On other days, a nip in the air  forced everyone to bring out their cardigans and overcoats.

     

    But on Day 3 of the 50 plus year old market cum festival, the sun came out in all its glory with the temperature climbing up and television executives feeling its full blaze even as the deal making and the conferences and debates hotted up.

     

    MipTV, the festival-cum-market has attracted upwards of 10,500 participants, at a time when Europe has been grappling  with warning signs about it being a no-visit zone courtesy the terrorist attacks.

    For the Indians, the highlight of MipTV is the honouring of the two Goenka brothers – Punit and Amit Goenka (the scions of media entrepreneur Subhash Chandra) – with the Medialle des Honneurs on 6 April. Punit, who was supposed to come, could not make it on account of a family emergency, but Amit did.  This is the first time an Indian is being honoured as such by the French company Reed Midem.

    Additionally, the other high points have been an India format session moderated by Indiantelevision.com founder Anil Wanvari, and a session on 4K in which TravelXP CEO Prashant Chothani participated. Other panelists on the India session included: Ajay Nair (OML), Rahul Sangari (Grey Matter), GoQuest Media (Vivek Lath), and Yogesh Karikurve (ZeeTV).

    Indian companies such as Zee TV, Star India, GoQuest, Vedic Broadcasting, DQ Entertainment, Cosmos Maya, Eros Worldwide, Indiantelevision.com, Indiacast, Green Gold Animation, Rajshri Entertainment, are among those companies which have come on as exhibitors.

    Film producer Prasad Devineni who bankrolled the  Indian multilingual blockbuster film Bahubali and who also churns out many a TV show in the Telugu market made it to MIPTV to explore new avenues for his company Arka Media Works.

    Cosmos Maya CEO Anish Mehta was cock-a-hoop with delight about the deals his company had managed to sign on at MipTV.

    MIPTV also had some grand moments  like the premier  for Roots and The Story of God (Morgan Freeman), Morgan Spurlock’s keynote, the launch of MipDrama Screenings, the keynotes by author and writer Harlan Coben, Vivendi Content & Havas Media CEO Domiqnique Delport, RTL co-CEO Gullaume de Posch, Mattel COO & President Richard Dickson and Wildness chief strategy officer Margaret Czeisler.

    At the time of writing all eyes were turned towards the Medaille D’Honneur ceremony which was slated to be held late on the evening of 6 April.  Amit is expected to receive the award for himself and his brother in front of an audience consisting of leading global TV executives.

    In addition to Punit Goenka and Amit Goenka, three other distinguished TV industry leaders will receive Médaille d’Honneur in Cannes including:   Germany’s Studiocanal TV MD Rola Bauer,  Disney Media Networks global distribution president Ben Pyne from the US  and Mexico’s Comarex president Marcel Vinay.