ITV

Tag: Sun TV

  • Sun TV makes UK cricket power play with £100.5m Superchargers buy

    Sun TV makes UK cricket power play with £100.5m Superchargers buy

    LONDON: Sun TV Network has struck a six to the boundary with a bold £100.5 million acquisition of Northern Superchargers, a prominent franchise in the UK’s The Hundred cricket league. The all-cash deal, approved by Sun TV’s board on 18 July, makes the broadcaster the sole owner of the Leeds-based team and further cements its global sporting ambitions.

    The move sees Sun TV add a third franchise to its growing sports roster, which already includes Sunrisers Hyderabad in the IPL and Sunrisers Eastern Cape in South Africa’s SA20. With cricket’s commercial appeal soaring across continents, the company is betting big on the format’s future in the UK.

    Northern Superchargers, incorporated in 2019 and based in London, clocked a turnover of £1.89 million in FY24 and will become a wholly owned subsidiary once the transaction is completed, expected by the end of 2025. The acquisition is routed through India’s automatic route for overseas investment, with the final remittance pegged to prevailing exchange rates.

    Sun TV said the deal aligns with its strategy of tapping global cricket leagues with strong broadcast and sponsorship potential. “The Hundred has shown strong traction with younger audiences and we see significant upside in long-term value creation,” said the broadcaster in its filing.

    This acquisition marks a rare Indian media foray into English cricket—an arena traditionally dominated by homegrown stakeholders and legacy institutions. With this move, Sun TV is not just buying into a team, but into a format and fanbase with serious commercial legs.

    The game, it seems, is well and truly on.

  • The slow eclipse of India’s media and broadcasting pioneers

    The slow eclipse of India’s media and broadcasting pioneers

    MUMBAI: Once, they blazed across the Indian media landscape with the swagger of pioneers. Entrepreneur-led behemoths like Subhash Chandra’s Zee Entertainment, Kalanithi Maran’s Sun TV, Prannoy Roy’s NDTV, and Raghav Bahl’s Network18 weren’t just market leaders — they were institutions, holding their own even as foreign giants circled hungrily.

    Today, those stars are fading. Some have already fallen.

    Network18 and TV18 are now firmly in the grip of Reliance Industries and Disney Star. NDTV, long a bastion of editorial independence, is under the control of the Adani Group. Its founders — Roy and Radhika — have exited stage left, their names now relics of an era that once prized journalistic idealism.

    Zee, once the crown jewel of Indian broadcasting, is barely hanging on. The Chandra family — once majority owners — now clutch a meagre four-odd  per cent stake. It’s a dramatic fall from grace fuelled by Subhash Chandra’s ill-advised adventures into infrastructure. To bankroll these forays, he pledged Zee shares, opening the gates to lenders who came calling. The result: a sharp dilution of promoter ownership and a credibility crisis. The failed merger with Sony’s Indian arm, Culver Max Entertainment, only added insult to injury — scuppered reportedly due to concerns about Zee’s financial hygiene. A company once viewed as squeaky clean had its reputation muddied.

    Sun TV, the fourth of the old guard, is also showing cracks. Helmed with iron discipline by Kalanithi Maran, it long stood as a symbol of stability. But the facade is now under strain. A family feud has burst into public view, with brother Dayanidhi Maran accusing Kala of wresting control of Sun TV through backdoor share acquisitions. Legal notices have flown, regulatory filings issued, and the company insists all was above board. Still, some reputational damage has been done — and the gossip mills are churning.

    The result is a media map being redrawn in real time. Where once these founders shaped the narrative, today they’re either sidelined, embattled, or ousted. And as corporate titans and conglomerates take over, the question is whether passion-led media can survive in an era of balance sheets, bottom lines, and boardroom power plays.

    India’s media isn’t short on ambition. But nostalgia alone won’t stop the sun from setting on yesterday’s giants.

  • India Gate brings values to the table with Bachchan’s new brand film

    India Gate brings values to the table with Bachchan’s new brand film

    MUMBAI: In a country where dal-chawal is more than dinner, it’s comfort, memory, and belonging India Gate Basmati Rice has served up a new campaign that’s as warm as a freshly cooked meal. Titled “India Ka Swaad Chakhte Hai”, the 100-second brand film features none other than Amitabh Bachchan, lending gravitas to a message about values that simmer quietly through generations.

    In this emotive montage of four stories, food is more than nourishment, it’s a language of love and respect. From welcoming strangers to comforting students far from home, the film reminds us that “Atithi Devo Bhava” and “respect for elders” aren’t just taught; they’re lived, plated and passed on. And in this film, that passing down happens via a piping hot bowl of rice.

    Anchored by Bachchan’s baritone and laced with sentiment, the narrative rests on the idea that “Values Viral Banate Hai”. Whether it’s a neighbour’s warmth, a caregiver’s quiet gesture, or a mother’s care recreated miles away, the film captures how food becomes a bridge not just between people, but between values and memories.

    India Gate head of marketing Kunal Sharma summed it up, “This campaign is a tribute to the values that shape us. With Mr Bachchan’s voice, we’re hoping to stir hearts and highlight the emotional richness that food carries in Indian homes.”

    The rollout is ambitious: over 560 cinema screens across 32 cities, top national and regional TV channels (including Star Plus, Sun TV, Zee TV, and Star Jalsha), and a strong digital push via OTT, CTV, and influencer-led storytelling.

    More than a celebration of basmati rice, India Ka Swaad Chakhte Hai is a quiet ode to Indian culture where every grain has a story, and every meal is a reminder that we don’t just eat to live… we eat to connect.
     

  • Sun TV’s sparkle dims: Profit slips, revenues wobble IN FY25

    Sun TV’s sparkle dims: Profit slips, revenues wobble IN FY25

    MUMBAI: It was less sizzle and more fizzle for Sun TV network in FY25, as the broadcaster reported a dip in both revenues and bottom line, despite pulling in the crowds via its cricket franchises and digital platform Sun Nxt.

    The media powerhouse, led by managing director Mahesh Kumar Rajaraman, posted a standalone profit after tax of Rs 1,654.46 crore for the year ended 31 March 2025 – a near 12 per cent drop from last year’s Rs 1,875.15 crore. Revenue from operations came in at Rs 3,878.86 crore, down 6.5 per cent year-on-year, suggesting the sun isn’t quite blazing like it used to.

    Even its consolidated figures couldn’t bowl over investors. Group revenues dropped to Rs 4,015.09 crore from Rs 4,282.10 crore a year earlier, with consolidated EBITDA slipping to Rs 2,132.75 crore from Rs 2,638.11 crore – a 19 per cent hit.

    The company’s love affair with cricket, however, continued unabated. Its IPL baby Sunrisers Hyderabad and the CSA’s Sunrisers Eastern Cape contributed Rs 641.96 crore in revenue – a respectable innings – but expenses from the franchises ate up over half of that at Rs 351.04 crore. The broadcast business remains the real spinner in Sun TV’s line-up.

    On the quarterly scorecard, Q4 FY25 total income rose 7.4 per cent to Rs 1,135.86 crore, but that wasn’t enough to boost profits. PAT stood at Rs 362.18 crore, down from Rs 398.77 crore in the same period last year.
    One curveball in the results: an exceptional loss of Rs 73.52 crore on account of impairment in a joint venture – a cautionary tale on where not to bet.

    Meanwhile, the board kept investors sweet with four interim dividends through the year totalling Rs 15 per share (300 per cent). Yet, shareholders may be wondering whether that’s lipstick on a slightly fading star.
    Sun TV still boasts hefty reserves of Rs 11,450 crore, but the real question for FY26 is whether the network can reignite its programming mojo and OTT play to counter headwinds in the traditional TV and sports biz.

    With GenAI reshaping content creation and younger audiences tuning out, Sun TV will need more than prime time reruns and T20 thrills to keep shining.

  • Media stocks hold the mic as markets crash in Trump tariff meltdown

    Media stocks hold the mic as markets crash in Trump tariff meltdown

    MUMBAI: Even as the Bombay stock exchange tanked five plus per cent  in the morning on Trump tariff meltdown Monday, Indian media and entertainment stocks shed just one to three per cent of their values at the time of trading at 3:30 pm. Sun TV was trading at Rs 638  a gain 0.83 per cent over  its previous weekend closing of Rs 632.75. TV Today network was up 1.65 per cent toto trade at Rs 160.40. On the flip side, a few media players were caught in the downward spiral. Entertainment Network India – the operator of Radio Mirchi – cut 2.06 per cent to stand at Rs 132.80. GTPL Hathway declined 3.69 per cent to Rs 105.75 even as Hathway dropped 3.16 per cent to Rs 12.58. Dish TV fell by 2.61 per cent to Rs 5.60.

    The advertising sector, however, bore the brunt of the market tremors. Advertising agency RK Swamy lopped off 10 per cent to trade at Rs 199.15 from its previous days closing of 223.50. Bright Outdoor clipped 4.36 per cent at Rs 449.50 as against Signpost which went negative to the tune of 7.36 per cent to trade at Rs 235.40. Innokaiz India dropped to Rs 13.56 with a 4.98 per cent fall. Maxposure saw a 5.76 per cent decline settling at Rs 57.30. Meanwhile, DAPS Advertising India saw a dip of 2.86 per cent to Rs 17.00. (At around 4 pm, may vary according to the market)

    Despite the broader bloodbath on Dalal Street, the relatively cushioned fall of media and entertainment stocks could indicate investor confidence in the sector’s long-term fundamentals, or perhaps just temporary insulation from global trade frictions. Either way, for now, the M&E sector is holding its script, even as the markets slip into drama mode.  

  • DD Free Dish concludes Mpeg 2 e-Auction, securing 60 television channels for 2025-26

    DD Free Dish concludes Mpeg 2 e-Auction, securing 60 television channels for 2025-26

    MUMBAI: Pubcaster Prasar Bharati  has successfully concluded its annual DD Free Dish MPEG-2 slot e-auction, allocating spaces to 60 television channels for the period of 1 April 2025, to 31 March 2026. Major broadcasters securing slots include: Sony, JioStar,  Zee, Sun TV. Some of the prominent channels on FreeDish include  names such as Colors Rishtey, Sony Pal, and several leading news channels including Aaj Tak, ABP News, and Republic TV Bharat.

    The auction process, initiated on 9 January, introduced a structured categoriastion system comprising six distinct buckets, each tailored to specific channel genres and languages. The pricing strategy implemented a two-round system, with initial reserve prices ranging from Rs 3 crore for regional channels to Rs 15 crore for Hindi/Urdu general entertainment channels. The second round saw these figures increase incrementally, with the highest bracket reaching Rs 16 crore.

    To ensure quality content delivery, Prasar Bharati has instituted a new 75 per cent alignment rule, mandating that three-quarters of a channel’s content must align with its declared genre and language. The broadcaster maintained its standard eligibility criteria, requiring participating channels to possess valid ministry of information and broadcasting permits for Indian distribution.
    LIST

    The auction’s participation structure included a Rs 1.50 crore fee for MPEG-2 slots, while MPEG-4 slots commanded Rs 3 lakhs. Notably, the framework extended participation rights to international public broadcasters operating under relevant guidelines.

    This auction follows a successful 2024 edition which generated Rs 1,156 crore through the sale of 64 slots, indicating the platform’s sustained commercial viability in India’s broadcasting landscape. The slight reduction in allocated slots from 64 to 60 suggests a possible strategic recalibration of the platform’s capacity utilisation.
    The successful conclusion of this auction reinforces DD Free Dish’s position as a significant distribution platform in India’s television market, particularly for reaching audiences in regions where paid television penetration remains limited.

  • Sun TV Network appoints Bala Iyengar to head regional channels

    Sun TV Network appoints Bala Iyengar to head regional channels

    MUMBAI: Sun TV Network has appointed Bala Iyengar as revenue head for its regional channel portfolio, including Sun Bangla, Sun Marathi, and Sun Neo.

    Iyengar joins from Helios Media, where he served as business director for over 13 years. His previous roles include chief operating officer at Goldmines Telefilms and general manager at Zoom Entertainment Network.

    The media veteran also held senior positions at MTV India, Star India, and Sony Entertainment Television, specialising in advertising sales and account management.

     

  • Sun TV Q3 profits plunge to Rs. 347 crore-Has the network lost Its signal?

    Sun TV Q3 profits plunge to Rs. 347 crore-Has the network lost Its signal?

    MUMBAI: Sun TV Network, once the prime-time champion of regional television, is now facing more reruns than fresh hits. The third quarter of FY25 has been less ‘superhit serial’ and more ‘filler episode’—with revenue, EBITDA, and profits all taking dramatic dives. While audiences may still be watching, advertisers have clearly flipped the channel, leaving Sun TV’s earnings on mute.

    Is this a brief ad break before the comeback, or is Sun TV headed for a season finale?

    Standalone Results

    Sun TV’s Q3 FY25 numbers resemble an ageing sitcom—still on air, but struggling for ratings. The company reported total income of Rs 927.66 crore, a decline from Rs 1,014.81 crore in Q3 FY24. The advertisement revenue stood at Rs 332.17 crore, sliding from Rs 355.43 crore last year. Clearly, advertisers are swiping right on digital and left on traditional TV.

    Subscription revenue, however, managed a 2.03 per cent growth, reaching Rs 434.51 crore—a small consolation prize in a sea of red ink. Meanwhile, EBITDA took a nosedive to Rs 432.13 crore, down from Rs 573.76 crore in Q3 FY24, reflecting higher operational costs and the ever-shrinking TV margins.

    Profit before tax (PBT) slipped to Rs 454.61 crore, down from Rs 591.31 crore last year. The real kicker? Profit after tax (PAT) dropped to Rs 347.17 crore, a steep decline from Rs 437.34 crore in Q3 FY24. A 20.6 per cent drop in net profits is enough to make any investor reach for the remote control.

    Consolidated Results

    On a consolidated level, total income stood at Rs 967.56 crore, marking a drop from Rs 1,058.66 crore in Q3 FY24. Revenues from operations were Rs 827.56 crore, a slump compared to Rs 923.15 crore in the corresponding quarter last year.

    The profit before tax on a consolidated basis stood at Rs 473.87 crore, down from Rs 611.85 crore in Q3 FY24. The after-tax profits also followed the downward trend, clocking in at Rs 363.26 crore, compared to Rs 453.09 crore in the previous year’s Q3.

    While cricket franchise revenues from Sunrisers Hyderabad and Sunrisers Eastern Cape offered some cushion, their combined contribution stood at a modest Rs 0.11 crore this quarter, a stark contrast to Rs 8.98 crore in Q3 FY24. The cost of maintaining these franchises remains high at Rs 1.09 crore this quarter, squeezing margins further.

    Sun TV Network’s board has approved an interim dividend of Rs 2.50 per share, a 50 per cent payout on a face value of Rs 5.00 per share—a small consolation prize for investors watching their returns shrink faster than a bad soap opera plot twist. While this cash giveaway might sweeten the deal, will it be enough to distract from the sinking profits?

    Meanwhile, ad revenue has taken a nosedive, as brands shift their budgets towards digital darlings like YouTube and OTT platforms. Is Sun TV stuck in an old-school rerun while the world streams ahead? Or does it have one last prime-time comeback left in its script?

    With advertising dollars migrating to digital, subscription revenues becoming the lifeline, and cricket franchise earnings proving inconsistent, Sun TV has its work cut out. Will it manage to reinvent itself, or are we witnessing the beginning of a long-term fade-out? 

  • From Zee to the Sun, Pankaj Rathod joins as broadcast operations & eng head

    From Zee to the Sun, Pankaj Rathod joins as broadcast operations & eng head

    MUMBAI: He’s decided to take a trip to the Sun – the Sun TV  Network that is. Pankaj Rathod has hopped on to  Sun TV as the head broadcast operations & engineering (Sun Neo | Sun Marathi | Sun Bangla). He joins Sun after nearly 13 years with Zee Entertainment Enterprises where he ended up as director- content operations, metadata syncing & publishing (Zee5) and music monitoring.

    Prior to Zee, he  was employed in three organisations for a year and some months each. First was with FoodFoodTV where he was head: scheduling/ sales ops/ traffic / presentation. Then he was head: operations & inventory planning at Mediasys Solutions. Third, he was manager sales operations at 9X  and 9XM.

    Before this he ventured into Siemens Information Systems where he offered broadcast TV solutions to television channels for a couple of years. A long five year run at  Sony Entertainment Television  resulted in him being promoted to sales coordinator, group executive – revenue management. He worked there for five years. 

    The BA in Economics’ first job  in media was with Mid-Day Publications where he ended up as senior media executive in the advertising department after four years.

    Expressing his happiness at joining Sun TV Pankaj said: “I have got the opportunity to build my expertise in broadcast operations (presentation, traffic & sales ops), inventory planning & management and evaluating & implementing – broadcast management system (BMS). My exposure in the print, broadcast and digital media has made me appreciate the nuances of the industry as a whole.” 

  • Change in independent directors at Sun TV

    Change in independent directors at Sun TV

    MUMBAI: The sun has set for certain independent directors at Sun TV.

    Nicholas Martin Paul, Mandalapu Krishna Harinarayan, and Ranganathan Ravi Venkatesh ceased to be directors as of the end of yesterday (25 September 2024) on completion of their respective second terms as independent directors.

    It may be recalled that Sun TV notched up a standalone revenue of Rs 4,630.19 crore in the year ended 31 March 2024 as compared to Rs 4,023.40 crore in previous corresponding year. Profit after tax was Rs. 1,875.15 crore as against Rs. 1,674.53 crores in the previous year.