ITV

Tag: TV18

  • IndiaCast appoints Sanjay Jain as head of International Business; restructures Organisation

    IndiaCast appoints Sanjay Jain as head of International Business; restructures Organisation

    MUMBAI: IndiaCast, the domestic and international distribution arm of Viacom18 and TV18, has announced an organizational realignment within its top management, where in  Chief financial officer Sanjay Jain has been additionally appointed as head of international business and will continue reporting to IndiaCast Group CEO Anuj Gandhi. All the International Business heads along with Outbound Sales and International Operations teams will report into Jain. IndiaCast also announced a series of leadership changes by establishing empowered business responsibilities across regions. 

    After successfully managing the business in UK, Govind Shahi  has now been elevated to manage the US region along with his existing remit as business head UK & USA, followed by Sachin Gokhale,  who will also oversee the companies’ activities in APAC, in addition to his current role as the business head of the MEA. Debkumar Dasgupta is now the business head of Syndication, New Media & South Asia. 

    Commenting on the organizational restructuring, IndiaCast Group CEO  Anuj Gandhi said, “Over the last several years our top management has demonstrated innovative approaches in content monetization and marketing across the globe. Sanjay brings to the table nearly two and half decades of financial and general management experience. I am confident that Sanjay’s proficiency and experience coupled with our bold growth agenda will help us excel in our business ambitions.”

  • FY-2016: TV18 income from operations up 10.8 per cent

    FY-2016: TV18 income from operations up 10.8 per cent

    BENGALURU: The Mukesh Ambani group owned TV18 Broadcast Limited (TV18) reported 10.8 per cent increase in consolidated net total income from operations (TIO) in the current year (year ended 31 March 2016, FY-2016 ) at Rs 2,568.97 crore as compared to the Rs 2,318.39 crore in the previous year. TIO in Q4-2016 (quarter ended 31 March 2016, Q4-2016) at Rs 671.34 crore was 6.6 per cent higher YoY as compared to Rs 629.75 but 3 per cent lower QoQ as compared to Rs 624.42 crore in Q3-2016.

     

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR or ₹). The Indian numbering system or the Vedic numbering system has been used to denote money values in this report. The basic conversion to the international norm would be:

    (a) 100,00,000 = 10,000,000 = 100 lakh = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 billion = 1 arab.

     

    TV18’s PBDIT on a consolidated basis stood at Rs 252.5crore, same as last year. Q4-2016 consolidated operating PBDIT stood at Rs 99.4crore, up by 20.3 per cent YoY, from Rs 82.6 crore in Q4-2015.

     

    Let us look at some of the other numbers reported by TV18

     

    Consolidated total expenditure (TE) in FY-2016 at Rs 2,366.96 crore (92.1 per cent of TIO) was 12.4 per cent higher than the Rs 2,105.87 crore (90.8 per cent of TIO) in FY-2015. TE in Q4-2016 at Rs 587.04 crore (87.4 per cent of TIO) was 5.7 per cent higher YoY as compared to Rs 555.18 crore (88.2 per cent of TIO), but was 2.4 per cent lower QoQ as compared to Rs 601.19 crore (86.8 per cent of TIO).

     

    TV18’s reported 2.5 per cent increase in programming cost in FY-2016 at Rs 776.46 crore (30.2 per cent of TIO) as compared to Rs 757.52 crore (32.7 per cent of TIO). Programming cost in Q4-2016 declined 20.4 per cent YoY to Rs 161.70 crore (24.1 per cent of TIO) as compared to Rs 203.26 crore (32.3 per cent of TIO) and declined 24.6 per cent QoQ as compared to Rs 214.36 crore (31.0 per cent of TIO).

     

    Employee Benefit Expense (EBE) in FY-2016 increased 21.3 per cent to Rs 493.99 crore (18.8 per cent of TIO) as compared to Rs 399.05 crore (17.2 per cent of TIO). EBE in Q4-2016 increased 35.9 per cent YoY to Rs 138.38 crore (20.6 per cent of TIO) as compared to Rs 101.86 crore (16.2 per cent of TIO) and increased 21.1 per cent QoQ as compared to Rs 114.29 crore (16.5 per cent of TIO).

     

    TV18’s marketing, distribution and promotional (Marketing) expense in FY-2016 increased 12.3 per cent to Rs 505.23 crore (19.7 per cent of TIO) as compared to Rs 449.78 (19.4 per cent of TIO) in the previous year, Marketing expense in Q4-2016 increased 12.2 per cent YoY at Rs 129.44 crore (19.3 per cent of TIO) as compared to Rs 115.37 crore (18.3 per cent of TIO) and increased 14.7 per cent QoQ as compared to Rs 112.89 crore (16.3 per cent of TIO).

     

    Segment Revenue

     

    Two segments contribute to TV18’s TIO – Media Operations (Media Ops); and Film Production and Distribution (Films).

     

    Media Ops reported 8.6 per cent increase in segment revenue for the current year at Rs 2,477.78 crore as compared to the Rs 2,281.35 crore in FY-2015. For Q4-2016, the segment reported a 5.5 per cent increase in YoY revenue of Rs 663.71 crore as compared to Rs 628.95 crore but a 2.7 per cent QoQ decline in revenue as compared to Rs 681.85 crore.

     

    Media Ops reported a 6.6 per cent decline in operating results for FY-2016 at Rs 206.56 crore as compared to Rs 221.17 crore in FY-2015. The segment’s operating result for Q4-2016 was 12.0 per cent higher YoY at Rs 86.05 crore as compared Rs 76.81 crore, but declined 7.5 per cent QoQ as compared to Rs 93.06 crore.

     

    Films segment reported more than double (2.53 times) the revenue in FY-2016 at Rs 129.20 crore as compared to Rs 50.96 crore in the previous year. In Q4-2016, the films segment reported almost five times (4.87 times) revenue at Rs 23.41 crore as compared to the Rs 4.80 crore in Q4-2015 and more than double (2.21 times) the revenue of Rs 10.57 crore in the immediate trailing quarter.

     

    Films segment reported positive operating result at Rs  1.34 crore in the current year as compared to an operating loss of Rs 6.44 crore in the previous year. For Q4-2016, the segment reported a lower operating loss of Rs 0.68 crore as compared to a loss of Rs 2.44 crore in Q4-2015 and an operating loss of Rs 1.22 crore in Q3-2015.

  • FY-2016: TV18 income from operations up 10.8 per cent

    FY-2016: TV18 income from operations up 10.8 per cent

    BENGALURU: The Mukesh Ambani group owned TV18 Broadcast Limited (TV18) reported 10.8 per cent increase in consolidated net total income from operations (TIO) in the current year (year ended 31 March 2016, FY-2016 ) at Rs 2,568.97 crore as compared to the Rs 2,318.39 crore in the previous year. TIO in Q4-2016 (quarter ended 31 March 2016, Q4-2016) at Rs 671.34 crore was 6.6 per cent higher YoY as compared to Rs 629.75 but 3 per cent lower QoQ as compared to Rs 624.42 crore in Q3-2016.

     

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR or ₹). The Indian numbering system or the Vedic numbering system has been used to denote money values in this report. The basic conversion to the international norm would be:

    (a) 100,00,000 = 10,000,000 = 100 lakh = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 billion = 1 arab.

     

    TV18’s PBDIT on a consolidated basis stood at Rs 252.5crore, same as last year. Q4-2016 consolidated operating PBDIT stood at Rs 99.4crore, up by 20.3 per cent YoY, from Rs 82.6 crore in Q4-2015.

     

    Let us look at some of the other numbers reported by TV18

     

    Consolidated total expenditure (TE) in FY-2016 at Rs 2,366.96 crore (92.1 per cent of TIO) was 12.4 per cent higher than the Rs 2,105.87 crore (90.8 per cent of TIO) in FY-2015. TE in Q4-2016 at Rs 587.04 crore (87.4 per cent of TIO) was 5.7 per cent higher YoY as compared to Rs 555.18 crore (88.2 per cent of TIO), but was 2.4 per cent lower QoQ as compared to Rs 601.19 crore (86.8 per cent of TIO).

     

    TV18’s reported 2.5 per cent increase in programming cost in FY-2016 at Rs 776.46 crore (30.2 per cent of TIO) as compared to Rs 757.52 crore (32.7 per cent of TIO). Programming cost in Q4-2016 declined 20.4 per cent YoY to Rs 161.70 crore (24.1 per cent of TIO) as compared to Rs 203.26 crore (32.3 per cent of TIO) and declined 24.6 per cent QoQ as compared to Rs 214.36 crore (31.0 per cent of TIO).

     

    Employee Benefit Expense (EBE) in FY-2016 increased 21.3 per cent to Rs 493.99 crore (18.8 per cent of TIO) as compared to Rs 399.05 crore (17.2 per cent of TIO). EBE in Q4-2016 increased 35.9 per cent YoY to Rs 138.38 crore (20.6 per cent of TIO) as compared to Rs 101.86 crore (16.2 per cent of TIO) and increased 21.1 per cent QoQ as compared to Rs 114.29 crore (16.5 per cent of TIO).

     

    TV18’s marketing, distribution and promotional (Marketing) expense in FY-2016 increased 12.3 per cent to Rs 505.23 crore (19.7 per cent of TIO) as compared to Rs 449.78 (19.4 per cent of TIO) in the previous year, Marketing expense in Q4-2016 increased 12.2 per cent YoY at Rs 129.44 crore (19.3 per cent of TIO) as compared to Rs 115.37 crore (18.3 per cent of TIO) and increased 14.7 per cent QoQ as compared to Rs 112.89 crore (16.3 per cent of TIO).

     

    Segment Revenue

     

    Two segments contribute to TV18’s TIO – Media Operations (Media Ops); and Film Production and Distribution (Films).

     

    Media Ops reported 8.6 per cent increase in segment revenue for the current year at Rs 2,477.78 crore as compared to the Rs 2,281.35 crore in FY-2015. For Q4-2016, the segment reported a 5.5 per cent increase in YoY revenue of Rs 663.71 crore as compared to Rs 628.95 crore but a 2.7 per cent QoQ decline in revenue as compared to Rs 681.85 crore.

     

    Media Ops reported a 6.6 per cent decline in operating results for FY-2016 at Rs 206.56 crore as compared to Rs 221.17 crore in FY-2015. The segment’s operating result for Q4-2016 was 12.0 per cent higher YoY at Rs 86.05 crore as compared Rs 76.81 crore, but declined 7.5 per cent QoQ as compared to Rs 93.06 crore.

     

    Films segment reported more than double (2.53 times) the revenue in FY-2016 at Rs 129.20 crore as compared to Rs 50.96 crore in the previous year. In Q4-2016, the films segment reported almost five times (4.87 times) revenue at Rs 23.41 crore as compared to the Rs 4.80 crore in Q4-2015 and more than double (2.21 times) the revenue of Rs 10.57 crore in the immediate trailing quarter.

     

    Films segment reported positive operating result at Rs  1.34 crore in the current year as compared to an operating loss of Rs 6.44 crore in the previous year. For Q4-2016, the segment reported a lower operating loss of Rs 0.68 crore as compared to a loss of Rs 2.44 crore in Q4-2015 and an operating loss of Rs 1.22 crore in Q3-2015.

  • Colors UK’s feed to move to new EPG number on Sky, announces IndiaCast

    Colors UK’s feed to move to new EPG number on Sky, announces IndiaCast

    MUMBAI: TV18 and Viacom18’s local and international distribution wing, IndiaCast announced a new EPG number for Colors UK on the DTH platform Sky. Colors UK will shift from EPG number 821 to number 786 with effect from 5 April.  This move will make the channel visible on the first page of the International channels selection guide menu for Sky subscribers. Sky subscribers will be intimated about the new EPG number for Colors UK through an announcement on the network as well as via social media platforms.

    IndiaCast group CEO Anuj Gandhi said, “IndiaCast has always endeavoured to present quality entertainment options to the Indian diaspora across the globe bringing them one step closer to Indian culture and content. Moving Colors UK up to EPG number 786 enables us to create top-of-mind recall for the channel and its content, thereby building engagement with Sky subscribers.”

    Commenting on the change, Viacom18 UK head Govind Shahi said, “Colors UK has been showcasing the best offerings from the Viacom 18 content library to South Asian viewers. As we move the channel to EPG number 786, we are hoping to enhance sampling amongst Sky subscribers, thereby bringing audiences closer to superior quality and inspiring content.”

     

  • Colors UK’s feed to move to new EPG number on Sky, announces IndiaCast

    Colors UK’s feed to move to new EPG number on Sky, announces IndiaCast

    MUMBAI: TV18 and Viacom18’s local and international distribution wing, IndiaCast announced a new EPG number for Colors UK on the DTH platform Sky. Colors UK will shift from EPG number 821 to number 786 with effect from 5 April.  This move will make the channel visible on the first page of the International channels selection guide menu for Sky subscribers. Sky subscribers will be intimated about the new EPG number for Colors UK through an announcement on the network as well as via social media platforms.

    IndiaCast group CEO Anuj Gandhi said, “IndiaCast has always endeavoured to present quality entertainment options to the Indian diaspora across the globe bringing them one step closer to Indian culture and content. Moving Colors UK up to EPG number 786 enables us to create top-of-mind recall for the channel and its content, thereby building engagement with Sky subscribers.”

    Commenting on the change, Viacom18 UK head Govind Shahi said, “Colors UK has been showcasing the best offerings from the Viacom 18 content library to South Asian viewers. As we move the channel to EPG number 786, we are hoping to enhance sampling amongst Sky subscribers, thereby bringing audiences closer to superior quality and inspiring content.”

     

  • Raghav Bahl resigns as director from Network18 & TV18

    Raghav Bahl resigns as director from Network18 & TV18

    MUMBAI: Network 18 Media & Investments and TV18 Broadcast founder Raghav Bahl has resigned as a director from both the companies with effect from 8 February, 2016 due to his “pre-occupation.”

    Bahl exited the TV news business after the sale of Network18 Media & Investments and all its subsidiary companies in 2014 to Independent Media Trust, which is part of Mukesh Ambani’s Reliance Industries.

    It may be recalled that Bahl was recently in the news for his intentions to re-enter the news broadcast space with Bloomberg.

    Bahl’s new venture The Quintillion Media, which also runs the online portal The Quint, is said to be looking at a strategic partnership with Bloomberg in the wake of the latter exiting its licensing partnership with Reliance ADAG’s Business Broadcast News.

    According to media reports, Bahl and Bloomberg have invested in a joint venture, which will later look at broadcast news with Quintillion Media holding at least a 51 per cent stake.

    As per reports, the new online portal under the JV is expected to launch in the coming weeks, while the business news channel is expected to launch by the end of the current calendar year. The Quint, however will continue to exist as it is.

  • Raghav Bahl resigns as director from Network18 & TV18

    Raghav Bahl resigns as director from Network18 & TV18

    MUMBAI: Network 18 Media & Investments and TV18 Broadcast founder Raghav Bahl has resigned as a director from both the companies with effect from 8 February, 2016 due to his “pre-occupation.”

    Bahl exited the TV news business after the sale of Network18 Media & Investments and all its subsidiary companies in 2014 to Independent Media Trust, which is part of Mukesh Ambani’s Reliance Industries.

    It may be recalled that Bahl was recently in the news for his intentions to re-enter the news broadcast space with Bloomberg.

    Bahl’s new venture The Quintillion Media, which also runs the online portal The Quint, is said to be looking at a strategic partnership with Bloomberg in the wake of the latter exiting its licensing partnership with Reliance ADAG’s Business Broadcast News.

    According to media reports, Bahl and Bloomberg have invested in a joint venture, which will later look at broadcast news with Quintillion Media holding at least a 51 per cent stake.

    As per reports, the new online portal under the JV is expected to launch in the coming weeks, while the business news channel is expected to launch by the end of the current calendar year. The Quint, however will continue to exist as it is.

  • Q3-2016: TV18 YoY EPS up 31%

    Q3-2016: TV18 YoY EPS up 31%

    BENGALURU: The Mukesh Ambani magic seems to be rubbing off on TV18 Broadcast Limited (TV18) acquired by his group in late May 2014. Be it Business News or GEC, most TV18 channels were rated at No. 1 or 2 as per BARC India ratings for the month of December 2015. In the case of general news, the company’s CNN-IBN was rated at the third spot.

     

    TV18 reported a 31.4 per cent YoY increase in consolidated earnings per share at Rs 0.46 in the quarter ended 31 December, 2015 (Q3-2016, current quarter) as compared to the Rs 0.35. EPS in the current quarter almost quadrupled QoQ (3.83 times) as compared to the Rs 0.12. The company reported net profit after tax (PAT) for the current quarter at Rs 78.29 crore (11.3 per cent margin) as compared to Rs 60.38 crore in Q3-2016 (9.9 per cent margin) and Rs 20.27 crore (3.3 per cent margin) in the immediate trailing quarter.

     

    EPS for the nine-month period ended 31 December, 2015 (9M-2016) was Rs 0.57 as compared to a negative (loss) EPS of Rs 0.30 for 9M-2015. PAT for 9M-2016 was Rs 98.51 crore (5.2 per cent margin) as compared to a loss of Rs 50.94 crore during the corresponding nine-month period of the previous year. The company says that Q3-2016 numbers include operating loss of Rs 45 crore on account of new ETV news channels and Colors Infinity and also a one-time expense of Rs 10 crore for rebranding ETV regional entertainment channels as Colors. Further, 9M-2015 profitability vis-?-vis 9M-2016 was significantly influenced by advertisement income on account of the general elections and the union budget says the company.

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    TV18 reported 14 per cent YoY growth in total income from operations (TIO) in Q3-2016 at Rs 692.42 crore as compared to Rs 607.23 crore and a 13.8 per cent QoQ growth as compared to Rs 608.53 crore. TIO for 9M-2016 increased 12.4 per cent at Rs 1897.63 crore as compared to the Rs 1688.65 crore in the corresponding period of last year.

  • Broadcasters satisfied with inter-connect agreements negotiations with MSOs

    Broadcasters satisfied with inter-connect agreements negotiations with MSOs

    NEW DELHI: Broadcasters, who met officials in the Telecom Regulatory Authority of India (TRAI) have expressed satisfaction over negotiations with multi system operators (MSOs) for entering into inter-connect agreements with them.

     

    The meeting was in keeping with a commitment made by TRAI at the last meeting of the Task Force for implementation of Phase III of the Digital Addressable System (DAS).

     

    The broadcasters included Star India and TV18, who expressed satisfactory progress in their meetings with MSOs. 

     

    It is learnt that TRAI also met MSOs in this connection.

     

    This was the second meeting with broadcasters after the last Task Force meeting held on 23 June.

  • CNN-IBN to split; Turner explores opportunity for new partner

    CNN-IBN to split; Turner explores opportunity for new partner

    MUMBAI: Turner Broadcasting System owned American giant CNN’s tie up with Reliance Industries’ TV18 will cease to exist, come January 2016.

     

    Amidst speculations of various possible team ups CNN International chief commercial officer Rani Raad informs Indiantelevision.com, “The partnership ran the natural course of its agreement and a mutual decision was made to chart our own respective growth independently. We are very proud of what we have co-created with TV18 for the Indian market.”

     

    In an official media statement Network18 Group CEO A.P. Parigi said, “The last decade has seen a lot of momentum in the Indian media industry and has been particularly exciting for us. During this time we witnessed two media houses coming together to redefine the way news is presented to a demanding audience; we at TV18 have benefited from this relationship with CNN. At the launch of the channel, TV18 was a relatively small organisation; that has changed now.  Network18 has grown from two news channels in 2005 to 17 news channels in 2015. Today, we have the largest footprint in the current affairs, regional and business news space in India.  The TV18 line-up of channels today are well established and highly regarded in this dynamic, complex and challenging environment.”

     

    The venture is yet to come to a consensus and is currently exploring all the options. “CNN remains deeply committed to long-term participation in India, one of the world’s largest and most vibrant media markets. As is the natural course of business, we continue to explore opportunities in India and every other important market around the world. Our #1 international news brand in Asia Pacific and the rest of the world, and the winner of multiple prestigious awards, CNN International, continues to lead and serve consumers in India with the best of global news content across multi-platforms,” informs Raad. 

     

    With media reports suggesting a possible tie-up between CNN and Zee Media Corporation Limited (ZMCL), a source close to the development says, “Yes, CNN is in talks with ZMCL. But, it will be premature to say that the deal has been locked, as CNN is speaking to other players in the market as well.”

     

    The partnership started in 2005 with CNN Turner International signing a deal with TV18 group company Global Broadcast News (GBN), which was then headed by journalist Rajdeep Sardesai. This marked the launch of CNN-IBN. Last year, Mukesh Ambani owned Reliance Industries took total ownership of Network 18 Media which was founded by Raghav Bhal in 1993.