ITV

Tag: Visual Radio

  • Radio Mirchi Q2 net up 16% at Rs 49 million

    Radio Mirchi Q2 net up 16% at Rs 49 million

    MUMBAI: Entertainment Network India (ENIL),which manages the radio FM brand Radio Mirchi has posted a net profit of Rs 49.31 million for the quarter ended 30 September.

    According to an official release, the company has reported 16 per cent increase in net profit for the quarter. Net profit rose to Rs 49 million compared to Rs 43 million in the corresponding period last year.
    The company’s earnings before interest, depreciation, tax and amortisation (EBITDA) grew 17.6 per cent to Rs 99 million from Rs 84 million in the same quarter a year ago.

    On a like basis (comparing seven old stations only), EBITDA for the quarter stood at Rs 103 million, up 22.4 per cent year on year (YoY).

    Total income for the quarter recorded at Rs 424 million, while net sales (net sale indicates airtime sales) had been registered at Rs 411 million.

    The expenditure incurred amounting to Rs 325 million has been attributed to production expenses (Rs 24 million), license fees (Rs 21 million), marketing expenses (Rs 130 million), administration & other expenses (RsS 72 million) and employee cost (Rs 79 million).

    The company had introduced Employees Stock Option Scheme (ESOP) for its future and existing permanent employees and directors and future and existing permanent employees and directors of its subsidiary company and holding company.

    Quoting the data based on Indian Listenership Track (ILT – Wave 9), an independent research conducted by MRUC, for the period July- September ’06, the company states, “Radio Mirchi enjoyed the highest listenership of 4.46 million in Delhi out of a total listenership of 6.02 million listeners, comfortably ahead of the competition.”

    In Mumbai too, Radio Mirchi dominated listenership with 2.21 million out of a total of 4.98 million listeners. Commenting on the performance of the company ENIL CEO & MD AP Parigi said, “We continue to focus on building listenership through sustained innovations in marketing and programming as the latest listenership numbers in Delhi and Mumbai indicate. We are confident of magnetising this and maintaining our growth trajectory.”

    The company launched Visual Radio in Mumbai in September ’06 after it launched in New Delhi in July ’06.

  • MediaCorp Radio launches Chinese FM station on Visual Radio

    MediaCorp Radio launches Chinese FM station on Visual Radio

    MUMBAI: MediaCorp Radio has announced the launch of Singapore’s hit music station Y.E.S. 93.3FM, which is the first Chinese language radio station to be made available on Visual Radio.

    This makes MediaCorp Radio the first broadcaster to launch the service in Chinese.

    Developed by Nokia and offered by Hewlett-Packard (HP), Visual Radio adds a new dimension to FM radio with interactive content and services for mobile radio listeners, increasing listener loyalty for radio station operators while providing an opportunity to increase data services usage for mobile operators., states an official release.

    In conjunction with the launch of Y.E.S. 93.3FM, HP has also integrated M1 as the second mobile operator in Singapore to offer the Visual Radio service to their customers.

    M1 will be offering the Visual Radio service to its customers with Nokia devices with the Visual Radio application. With Visual Radio, M1 customers can access appealing visuals, information and entertainment of what’s playing over the air, check upcoming concert dates, purchase ring tones and other mobile content of the artiste, participate in radio station promotions, polls, contests, and interact with radio DJs and special guests.

    HP first engaged MediaCorp Radio to bring Visual Radio to Singapore and in December 2005, 987FM became the first radio station in Singapore and Asia Pacific to launch the Visual Radio service, adds the official release.

    Y.E.S. 93.3FM is now the second MediaCorp radio station to offer the service. HP continues to improve the mobile content available on Visual Radio by partnering with major record labels such as Sony BMG, EMI, Universal Music and Rock Records, to provide Visual Radio users with the coolest, original mobile artist content to download as they listen to the artist’s songs over radio.