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Tag: Sun TV Network Ltd

  • Sun TV reports Rs 1,276.11 crores revenue for Q1 FY24

    Sun TV reports Rs 1,276.11 crores revenue for Q1 FY24

    Mumbai: Sun TV Network Ltd, a television broadcaster in India that operates satellite television channels across seven languages—Tamil, Telugu, Kannada, Malayalam, Bangla, Marathi, and Hindi, has released its earnings report for the quarter and financial year ended 30 June 2024.

    For the quarter ended 30 June 2024, the revenues stood at Rs 1,276.11 crores compared to Rs 1,317.78 crores for the corresponding quarter ended 30 June 2023. Advertisement revenues for the quarter were Rs 323.77 crores, compared to Rs 339.10 crores for the same quarter in 2023. Domestic subscription for the quarter was Rs.425.79 crores, compared to Rs 435.34 crores for the corresponding quarter in 2023.

    The EBITDA for the quarter ended 30 June 2024 was Rs.706.36 crores, down from Rs.786.46 crores for the same quarter in 2023. Profit after taxes for the current quarter stood at Rs 546.94 crores, compared to Rs 582.80 crores in the corresponding quarter of 2023.

    At the board meeting held today, the board of directors declared an interim dividend of Rs 5 per share (100 per cent) on a face value of Rs 5 per share.

    Sun TV also airs FM radio stations across India and owns the SunRisers Hyderabad cricket franchise of the Indian Premier League, SunRisers Eastern Cape of Cricket South Africa’s T20 League, and the digital OTT platform Sun NXT.

  • Aparna Bhosle joins Sun TV Network

    Aparna Bhosle joins Sun TV Network

    Mumbai: After a 12 year and 3 month long stint at Zee Entertainment Enterprises Ltd, Aparna Bhosle has joined Sun TV Network Ltd as the head of HGEC/RHSM channels and strategic Alliances.

    Before joining Sun TV, she held the position of Zee TV’s chief cluster officer. Bhosle is a seasoned professional with almost three decades of experience.

    She earlier held various positions ranging from Reckitt & Colman, Diageo, Wisden India to The Walt Disney Company and Astro Malaysia.

  • Sun TV Network reports strong growth in Q4 and FY 2024 earnings

    Sun TV Network reports strong growth in Q4 and FY 2024 earnings

    Mumbai: Sun TV Network Ltd, one of the largest television broadcasters in India, operates satellite television channels across seven languages of Tamil, Telugu, Kannada, Malayalam, Bangla, Marathi and Hindi, airs FM radio stations across India and owns the SunRisers Hyderabad Cricket Franchise of the Indian Premier League, SunRisers Eastern Cape of Cricket South Africa’s T20 League and the digital OTT platform Sun NXT.

    For the quarter ended 31 March 2024, the total income was up 18.22 per cent at Rs.1,057.24 crs for the quarter ended 31 March 2024 as against Rs 894.33 crs for the corresponding quarter ended 31st March 2023 and the revenues were up 13.96 per cent at Rs. 927.12 crores as against Rs. 813.53 crores for the quarter ended 31st March 2023. The Profit Before Tax went up by 8.66 per cent at Rs.534.31 crs for the current quarter as against Rs.491.72 crs during the previous quarter ended 31st March 2023 and the Profit after Taxes for the quarter ended 31st March 2024 was up by 9.01 per cent to Rs.398.77 crores as against Rs 365.82 crores for the corresponding quarter ended 31st March 2023. The Earnings Per Share for the current quarter was higher by 9.01 per cent to Rs.10.11 as against Rs.9.28 for the corresponding quarter ended 31st March 2023.

    For the quarter ended 31 March 2024, the standalone revenues for the year was higher by 13.30 per cent at Rs.4,148.36 crores as against Rs.3,661.37 crores for the corresponding year ended 31st March, 2023. The Domestic Subscription revenues for the year was at Rs.1,710.44 crores, as against Rs.1,619.71 crores for the previous year ended 31st March, 2023. EBITDA for the year ended 31st March 2024 was up 10.05 per cent at Rs.2,585.30 crores as against Rs.2,349.29 crores for the previous year ended 31st March 2023. The Profit after taxes rose by 11.98 per cent to Rs.1,875.15 crores for the year ended 31st March, 2024 as against Rs. 1,674.53 crores for the previous year ended 31st March, 2023. During the year, the Board of Directors declared four interim dividends cumulating to 335 per cent, i.e. Rs.16.75 per share.

    For the quarter ended 31 March 2024, the Consolidated Revenues was up 13.52 per cent at Rs.4,282.10 crores as against Rs. 3,772.05 crores for the corresponding year ended 31st March 2023. EBITDA for the year ended 31st March 2024 was higher by 10.24 per cent at Rs. 2,638.10 crores as against Rs.2,392.99 crores for the previous year ended 31st March 2023. The Profit after taxes (after accounting of share from joint venture) also remained higher by 12.82 per cent at Rs.1,925.80 crores for the year ended 31st March,2024 as against Rs. 1,706.92 crores for the previous year ended 31 March, 2023.

  • Earnings release for the quarter ended 30 September, 2023

    Earnings release for the quarter ended 30 September, 2023

    Mumbai: Sun TV Network Ltd, one of the largest television broadcasters in India, operates satellite television channels across six languages of Tamil, Telugu, Kannada, Malayalam, Bangla and Marathi, airs FM radio stations across India and owns the SunRisers Hyderabad Cricket Franchise of the Indian Premier League, SunRisers Eastern Cape of Cricket South Africa’s T20 League and the digital OTT platform Sun NXT.

    For the quarter ended 30 September 2023, the revenues for the quarter was up by 27.82  per cent at Rs 1,017.98 crores as against Rs 796.43 crores for the corresponding quarter ended 30 September’2022. The total income for the quarter was up by 27.48 per cent at Rs 1,125.08 crores as against Rs.882.54 crores for the corresponding quarter ended 30 September’2022. EBITDA for the quarter ended 30th September’2023 moved up by 36.48  per cent at Rs 716.21 crores as against Rs. 524.78 crores for the previous quarter ended 30 September’2022. The profit before taxes for the current quarter also grew by 13.88 per cent to Rs.608.24 crores as against Rs 534.09 crores for the previous quarter ended 30 September’2022. The profit after taxes for the current quarter ended up higher by 13.86 per cent at Rs 456.24 crores as against Rs.400.71 crores for the previous quarter ended 30 September’2022.

    At the Board Meeting held on Friday, the Board of Directors declared an interim dividend of Rs 5.00 per share (100 per cent) on a face value of Rs 5.00 per share.

  • BARC week 30: Dangal pips pay channels to head all platforms across genres list

    BARC week 30: Dangal pips pay channels to head all platforms across genres list

    BENGALURU: Enterr 10 Television’s free to air (FTA) Hindi GEC headed Broadcast Audience Research Council of India’s (BARC) list of top 10 channels across genres on all platforms in week 30 of 2019 (Saturday, 20 July 2019 to Friday, 26 July 2019, week under review).  As a matter of fact, Dangal was the only FTA channel in BARC’s weekly list of top 10 channels on all platforms across genres, a list which quite obviously was a skewed image starting rank 2 onward of BARC’s weekly list of top 11 pay channels across genres for the first nine ranks. BARC also lists out the top 11 free channels across genres every week. This report covers the former two lists.

    Top 10 channels on all platforms and Top 11 pay channels across genres

    Six Hindi GECs, two Tamil GECs and one channel each from the Hindi movies and Telugu genres comprise BARC’s weekly list of top 10 channels across genres on all platforms. There were three channels each from the Star India Network and Sony Pictures Network India (SPN), and one channel each from Enterr 10 Television, Sun TV Network, Network18-Viacom18 and Zee Entertainment Enterprises Ltd (Zeel) in BARC’s across genres on all platforms for week 30 of 2019.

    In comparison, there were five Hindi GECs, two channels each from the Tamil and Telugu genres and one channel each from the Hindi movies and Kannada genres in BARC’s weekly list of top 11 pay channels across genres. From the networks’ perspective, there were three channels each from Star India and SPN, two channels each from Zeel and Netwrok18-Viacom18 and one channel from the Sun TV Network.

    As mentioned above, Dangal headed BARC’s weekly list of top 10 channels on all platforms across genres in week 30 of 2019. The channel climbed up one place to first rank with 866.547 million weekly impressions in week 30 of 2019 from second rank and 781.501 million weekly impressions in week 29. Dangal retained first spot in BARC’s weekly list of top 11 free channels across genres in week 30 of 2019 with 665.082 million weekly impressions as compared to 589.591 million weekly impressions in week 29. Dangal was ranked first in BARC’s weekly list of top 10 Hindi GECs in the combined urban and rural Hindi speaking market HSM (U+R) as well as in HSM (R) and was ranked sixth in HSM (U). Dangal also headed BARC’s weekly list of top 8 free Hindi GECs during the week under review.

    Slipping to second rank in BARC’s weekly list of top 10 channels on all platforms across genres and retaining first rank in BARC’s weekly list of top 11 pay channels across genres in week 30 of 2019 was the Sun TV Network’s flagship Tamil GEC Sun TV with 852.575 million weekly impressions as compared to 863.550 million weekly impressions in week 29 in both the across genres lists. Sun TV also headed BARC’s weekly list of top 5 Tamil channels in Tamil Nadu and Puducherry.

    Climbing up to third place in BARC’s weekly list of top 10 channels on all platforms across genres and to second spot in BARC’s weekly list of top 11 pay channels was Star India’s flagship Telugu GEC Star Maa in week 30 of 2019 with 789.084 million weekly impressions as compared to 683.816 million weekly impressions in week 29 in both the across genres lists. Star Maa was ranked fifth and fourth in BARC’s weekly lists of top 10 channels on all platforms across genres and BARC’s weekly list of top 11 pay channels across genres respectively in week 29. Star Maa also headed BARC’s weekly list of top 5 Telugu channels in the Andhra Pradesh/Telangana market.

    Dropping a place to fourth rank in BARC’s weekly list of top 10 channels on all platforms across genres and to third spot in BARC’s weekly list of top 11 pay channels was Star India’s flagship Hindi GEC Star Plus.  The channel garnered 775.771 million weekly impressions in BARC’s weekly list of top 10 channels on all platforms across genres in week 30 of 2019 as compared to 708.740 million weekly impressions in week 29. Star Plus scored 773.598 million weekly impressions in week 30 of 2019 BARC’s weekly list of top 11 pay channels across genres as compared to 708.740 million weekly impressions. Star Plus was ranked second in BARC’s weekly list of top 10 Hindi GECs in HSM (U+R) market list, fourth in the HSM (R) list and was ranked first in the HSM (U) list in week 30 of 2019. Further, Star Plus headed BARC’s weekly list of top 10 Hindi pay GECs during the week under review.

    Also dropping a place to fifth rank in BARC’s weekly list of top 10 channels on all platforms across genres and falling a place to fourth spot in BARC’s weekly list of top 11 pay channels across genres was Zeel’s flagship Hindi GEC Zee TV. Zee TV scored 728.652 million weekly impressions in BARC’s weekly list of top 10 channels on all platforms across genres in week 30 of 2019 as compared to fourth rank and 693.440 million weekly impressions in the previous week. Zee TV had 726.127 million weekly impressions in week 30 of 2019 in BARC’s weekly list of top 11 pay channels across genres as compared to third rank and 691.204 million weekly impressions in week 29.  Zee TV was ranked third in BARC’s weekly list of top 10 Hindi GECs in HSM (U+R), HSM (R) and HSM (U). Zee TV was ranked second in BARC’s weekly list of top 10 pay Hindi GECs in week 30 of 2019.

    SPN’s Hindi GEC Sony Sab climbed a place to sixth rank from seventh rank in BARC’s weekly list of top 10 channels on all platforms across genres and to fifth place from sixth spot in BARC’s weekly list of top 11 pay channels across genres. Sony Sab garnered 581.451 million weekly impressions in BARC’s weekly list of top 10 channels on all platforms across genres during the period under review as compared to 551.715 million weekly impressions in week 29. Sony Sab had 577.502 million weekly impressions in week 30 of 2019 in BARC’s weekly list of top 11 pay channels across genres as compared to 547.408 million weekly impressions in week 29. Sony Sab was ranked fourth in BARC’s weekly list of top 10 Hindi GECs in HSM (U+R), second in HSM (U) sixth in HSM (R). Sony Sab was ranked third in BARC’s weekly list of top 10 pay Hindi GECs in week 30 of 2019.

    Star India’s flagship Tamil GEC Star Vijay also climbed a place to seventh rank from eighth rank in and BARC’s weekly list of top 10 channels on all platforms across genres and from seventh to sixth rank in BARC’s weekly list of top 11 pay channels across genres in week 30 of 2019. The channel garnered 554.680 million weekly impressions in week 30 of 2019 in BARC’s weekly list of top 10 channels on all platforms across genres as compared to 531.446 million weekly impressions in the previous week. In BARC’s weekly list of top 10 pay channels across genres, Star Vijay scored 554.672 million weekly impressions in week 30 of 2019 as compared to 531.446 million weekly impressions in week 29. Star Vijay was ranked second in BARC’s weekly list of top 5 Tamil channels in Tamil Nadu and Puducherry.

    Viacom18’s flagship Hindi GEC Colors dropped to eight place from sixth rank in BARC’s weekly list of top 10 channels on all platforms across genres and from fifth to seventh rank in BARC’s weekly list of top 11 pay channels across genres in week 30 of 2019. Colors garnered 552.502 million weekly impressions in BARC’s weekly list of top 10 channels on all platforms across genres as compared to 563.058 million weekly impressions in week 29. In BARC’s weekly list of top 11 pay channels across genres in week 30 of 2019, Colors scored 550.042 million weekly impressions as compared to 558.873 million weekly impressions in week 29.  Colors was ranked fifth in BARC’s weekly list of top 10 Hindi GECs in HSM(U+R), HSM (R) and HSM (U). Colors was ranked fourth in BARC’s weekly list of top 10 pay Hindi GECs in week 30 of 2019.

    SPN’s flagship Hindi GEC Sony Entertainment Television or SET climbed a rank to ninth place from tenth place in BARC’s weekly list of top 10 channels on all platforms across genres and to eighth rank from ninth spot in BARC’s weekly list of top 11 pay channels across genres in week 30 of 2019.  SET scored 532.703 million weekly impressions in BARC’s weekly list of top 10 channels on all platforms across genres as compared to 504.481 million weekly impressions in week 29. In BARC’s weekly list of top 11 pay channels across genres in week 30 of 2019, SET scored 531.357 million weekly impressions as compared to 502.417 million weekly impressions in week 29. SET was ranked sixth in BARC’s weekly list of top 10 Hindi GECs in HSM (U+R), seventh in HSM (R) and fourth in HSM (U). SET was placed fifth in BARC’s weekly list of top 10 pay Hindi GECs in week 30 of 2019.

    SPN’s Hindi movies channel Sony Max dropped a place to tenth rank from ninth in BARC’s weekly list of top 10 channels on all platforms across genres and to ninth rank in BARC’s weekly list of top 11 pay channels across genres in week 30 of 2019 from eighth spot  in week 29. Sony Max scored 501.292 million weekly impressions during the period under review as compared to 504.481 million weekly impressions in week 29 in BARC’s weekly list of top 10 channels on all platforms across genres. Sony Max garnered 499.359 million weekly impressions in week 30 of 2019 in BARC’s weekly list of top 11 pay channels across genres as compared to 519.990 million weekly impressions in week 29. Sony Max was ranked first in BARC’s weekly list of top 5 Hindi movies channels in HSM (U+R) and HSM (U) and second in HSM (R). Sony Max was also ranked first in BARC’s weekly list of top 5 pay Hindi movies channels in week 30 of 2019.

    Entering BARC’s weekly list of top 11 pay channels across genres at rank 10 was Zeel’s flagship Kannada GEC Zee Kannada with 467.511 million weekly impressions in week 30 of 2019. Zee Kannada was ranked first in BARC’s weekly list of top 5 Kannada channels in the Karnataka market.

    The Network18-Viacom18 related Telugu GEC ETV Telugu also entered BARC’s weekly list of top 11 pay channels across genres at rank 11 with 450.861 million weekly impressions in week 30 of 2019. ETV Telugu was ranked second in BARC’s weekly list of top 5 Telugu channels in the Andhra Pradesh/Telangana market.

  • Sun TV security clearance review sought; two channels’ cancellation stayed

    Sun TV security clearance review sought; two channels’ cancellation stayed

    NEW DELHI: A review has been sought by the information and broadcasting ministry from the home ministry about security clearance to Sun TV Network Ltd in view of the amended guidelines of that ministry. Union minister M Venkaiah Naidu told the Parliament yesterday that no reply had been received so far from the home ministry.

    However, he said renewal of permission has been granted to the channels which have been given security clearance. Of the 33 TV channels of M/s Sun TV Network Ltd., four TV channels are due for renewal of permission after 10 years. To a question, he said no case was pending in any court against any of the 33 channels.

    Naidu said in reply to a question that the Ministry had issued show-cause notices to nine companies having 26 TV channels after denial of security clearance by MHA.

    These include six channels of Positive TV Private Ltd, five channels of Mahua Media Pvt Ltd, four channels of Maa Television,four channels of STV Enterprises Ltd; two channels of Lemon Entertainment Ltd, Permission was cancelled in all these cases. One channel each of Indira TV Ltd, Madhyamam Broadcasting Ltd, and Lamhas Entertainment Ltd were refused permission but the ministry is considering their replies.

    Meanwhile, the cancellation of two channels of Entertainment Television Network Pvt. Ltd was challenged in court of law, and has been stayed.

    The Minister said in reply to another question that the Ministry was not aware of any such other seven similarly placed companies having 23 TV channels.

  • Sun TV security clearance review sought; two channels’ cancellation stayed

    Sun TV security clearance review sought; two channels’ cancellation stayed

    NEW DELHI: A review has been sought by the information and broadcasting ministry from the home ministry about security clearance to Sun TV Network Ltd in view of the amended guidelines of that ministry. Union minister M Venkaiah Naidu told the Parliament yesterday that no reply had been received so far from the home ministry.

    However, he said renewal of permission has been granted to the channels which have been given security clearance. Of the 33 TV channels of M/s Sun TV Network Ltd., four TV channels are due for renewal of permission after 10 years. To a question, he said no case was pending in any court against any of the 33 channels.

    Naidu said in reply to a question that the Ministry had issued show-cause notices to nine companies having 26 TV channels after denial of security clearance by MHA.

    These include six channels of Positive TV Private Ltd, five channels of Mahua Media Pvt Ltd, four channels of Maa Television,four channels of STV Enterprises Ltd; two channels of Lemon Entertainment Ltd, Permission was cancelled in all these cases. One channel each of Indira TV Ltd, Madhyamam Broadcasting Ltd, and Lamhas Entertainment Ltd were refused permission but the ministry is considering their replies.

    Meanwhile, the cancellation of two channels of Entertainment Television Network Pvt. Ltd was challenged in court of law, and has been stayed.

    The Minister said in reply to another question that the Ministry was not aware of any such other seven similarly placed companies having 23 TV channels.

  • Ad cap hearing adjourned to 6 May

    Ad cap hearing adjourned to 6 May

    NEW DELHI: Even as the stay on implementation of ad cap continues, the Delhi High Court adjourned the hearing of the petition of News Broadcasters Association (NBA) and other channels to 6 May as the NBA wanted more time to file a rejoinder to the reply by the government.

     

    Acting Chief Justice B.D. Ahmed and Justice Siddharth Mridul gave the order after the plea by NBA Senior Council NK Kaul seeking adjournment.

     

    The petitions have been filed by NBA, Sarthak Entertainment, Pioneer Channel Factory Pvt Ltd, E24 Glamoru Ltd, Sun TV Network Ltd, TV Vision Ltd, B4U Broadband, 9X Media Pvt Ltd, Kalaignar Pvt Ltd, Celebrities Management Pvt Ltd, Eanadu Television Pvt Ltd and Raj Television Pvt Ltd.

     

    The Senior Counsel for Telecom Regulatory Authority of India (TRAI), Saket Singh sought to intervene to seek early hearing, but the Court said the matter will come up for hearing only in May.