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Q3-2016: B.A.G. Films revenue up 12.5%

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BENGALURU: B A G Films and Media Limited (BAG Films) reported 12.5 per cent higher quarter-on-quarter (QoQ) revenue (net Total Income from Operations, TIO) for the quarter ended 31 December, 2016 (Q3-2016, current quarter) at Rs 28.07 crore as compared to Rs 24.95 crore. Year-on year (YoY) TIO in the current quarter however declined 8.6 per cent from Rs 30.70 crore.

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

BAG Films reported Profit after Tax (PAT) for the current quarter at Rs 0.48 crore (1.7 per cent margin) as compared to a loss of Rs 3.66 crore in the immediate trailing quarter and more than double YoY profit as compared to Rs 0.22 crore (0.7 per cent margin) in Q3-2015. EBIDTA in the current quarter at Rs 8.97 crore (31.9 per cent margin) was more than double (2.3 times) the Rs 3.93 crore (15.8 per cent margin) in Q2-2016 and 10.4 per cent more than the Rs 8.12 crore (26.4 per cent margin) in the corresponding prior year quarter.

BAG Films major segment, Television Broadcasting (TV segment) reported four per cent QoQ growth in segment revenue at Rs 22.53 crore (80.3 per cent of TI) as compared to Rs 21.66 crore (86.8 per cent of TIO), but a 6.5 per cent YoY revenue decline from Rs 24.08 crore (82.8 per cent of TIO).

BAG Films TV segment reported 45.9 per cent QoQ growth in operating profit at Rs 7.40 crore as compared to Rs 5.07 crore, but a 20.5 per cent YoY drop in operating profit as compared to the Rs 59.30 crore.

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Its other major segment, FM Radio (Radio Dhamaal) reported 1.8 per cent QoQ drop in operating revenue growth at Rs 2.18 crore (7.8 per cent of TIO) as compared to Rs 2.22 crore (8.9 per cent of TIO) and 10 per cent YoY decline in revenue as compared to Rs 2.43 crore (7.9 per cent of TIO).

Operating profit in Q3-2016 was less than a third (down 68.1 per cent) QoQ at Rs 0.23 crore as compared to Rs 0.73 crore and less than a fourth (down 75.5 per cent) YoY as compared to Rs 0.94 crore in Q2-2015.

Let us look at the other numbers reported by B. A. G. Films:

B. A. G. Films total expenditure in the current quarter at Rs 23.12 crore (82.4 per cent of TIO) was 6.1 per cent lower QoQ than Rs 24.62 crore (98.7 per cent of TIO) and was 12.4 per cent lower than the Rs 26.40 crore (98.4 per cent of TIO), but increased four per cent YoY from Rs 23.67 crore (86 per cent of TIO).

Employee Cost in Q3-2016 at Rs 5.03 crore (17.9 per cent of TIO) was 4.3 per cent higher QoQ than Rs 4.82 crore (19.3 per cent of TIO) and almost flat YoY (increased 0.1 per cent higher) that Rs 5.02 crore (17.1 per cent of TIO).

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Segment Numbers

The company has mentioned five segments in its financial results. They are Audio-Visual Production (AVP); Movies: Leasing; FM Radio; and Television Broadcasting. While B.A.G. Films Movies segment made no contribution to the company’s revenue or operating results in the current quarter, Q2-2015 or Q2-2016, FM Radio and TV Broadcasting segment numbers have already been mentioned above.

Audio Visual Production segment (AVP segment)

AVP segment reported a more than triple (3.3 times) revenue in Q3-2016 at Rs 3.29 crore as compared to Rs 1 crore in Q2-2016, but a 17.6 per cent YoY decline as compared to the Rs 4 crore in Q3-2015. The segment reported an operating profit in Q3-2016 of Rs 1.72 crore as compared to a loss of Rs 0.66 crore in the previous quarter, but a 15.2 per cent YoY decline as compared to an operating profit of Rs 2.03 crore in Q3-2015.

Leasing segment (The numbers for this segment are mentioned in lakh – 100 lakh = 1 crore)

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BAG Films leasing segment reported revenue of just Rs 6.4 lakh in the current quarter as compared to Rs 6.95 lakh in the previous quarter and Rs 19.8 lakh in Q3-2015. The segment reported an operating loss of Rs 110.23 lakh as compared to an operating loss of Rs 82.63 lakh in Q2-2016 and an operating loss of Rs 83.46 lakh in Q3-2015.

Film Production

Balaji Telefilms launches Hoonur, its talent management vertical

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MUMBAI: Balaji Telefilms has rolled out Hoonur, a dedicated talent management arm under its digital division, sharpening its push to build an integrated entertainment ecosystem spanning content, platforms and artists.

The new vertical is aimed at structured career development in an industry increasingly driven by digital reach, brand partnerships and multi-platform visibility. Hoonur will focus on long-term representation, strategic positioning and audience engagement for talent across broadcast and streaming formats.

The initiative will be led by Mohammed Nagman Lateef, a talent strategist with more than 11 years of experience, who earlier founded Iconic Entertainment. His appointment signals a more organised, forward-looking approach to artist management within the Balaji Telefilms fold.

Balaji Telefilms joint managing director Ekta Kapoor, said, “At Balaji, we have always believed that every artist deserves the right environment to grow. Talent thrives when it is supported by a platform that understands its individuality and long-term potential. With Hoonur, we are creating a curated space where artists receive focused attention, strategic guidance, and opportunities that are aligned with who they are and where they can go. It’s about shaping meaningful journeys, not just managing assignments.”

Hoonur has already signed a diverse roster of television and digital stars, including Madalsa Sharma, Sahil Uppal, Rohit Chandel, Simba Nagpal, Tejasswi Prakash and Shubhangi Atre.

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Several of its artists: Urvashi Dholakia, Ridhi Dogra, Shiv Thakre and Shiny Doshi, also feature in The 50, one of India’s most anticipated new reality television shows.

Balaji Telefilms chief revenue officer Nitin Burman, said the new vertical would enable closer collaboration between content, brands and platforms, placing talent at the centre of long-term partnerships and audience engagement strategies.

With Hoonur, Balaji Telefilms is doubling down on its integrated model, blending content creation, digital strategy and talent representation to shape the next generation of media stars.

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Film Production

Ananya Birla steps into cinema with Birla Studios launch

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MUMBAI: Ananya Birla is rolling the camera on a new act. The entrepreneur and singer has launched Birla Studios, a film production house pitched at the sweet spot between artistic heft and box-office muscle, as India’s content boom lures fresh capital and ambition.

Based in Mumbai and launched in 2026, the studio sets out to produce high-concept, prestige-driven commercial cinema that pairs broad audience appeal with artistic distinction. The pitch is clear: culturally relevant stories, emotional immediacy and films designed to linger in the mind long after the credits roll.

Birla Studios will champion narratives that spark instant connection while offering long-term resonance. Its mandate blends creative ambition with commercial viability, alongside a stated commitment to nurture new talent and amplify fresh voices across genres.

The venture is rooted in Ananya Birla’s view of cinema as a serious medium of expression and influence, not merely spectacle. The studio positions itself as a platform for meaningful but widely engaging storytelling that mirrors contemporary cultural sensibilities.

“We are all stories. Cinema is one of the most powerful mediums through which those stories are told. At its most powerful, cinema creates an immediate connection while leaving a lasting resonance,” Ananya Birla said. She added that the focus is on curating a slate that balances cultural significance with strong entertainment value, while taking “a conscious stand to nurture new talent, explore genres, and amplify fresh voices and diverse perspectives”.

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As the slate takes shape, she noted the “kindness and receptiveness” encountered across the industry, calling it a privilege to play even a small role in taking Indian cinema forward.

The content strategy is deliberately wide. Birla Studios is assembling a multi-language slate spanning Hindi, Gujarati and Malayalam films, alongside international English-language projects. The idea is to travel across regions, languages and borders rather than stay in one cinematic lane.

Genre is no barrier. The studio describes itself as genre-agnostic, backing stories with depth and commercial potential while prioritising craft, scale and careful execution. Details of specific projects remain under wraps, with announcements promised in the coming months.

India’s film business is in flux, with streaming platforms, pan-Indian hits and global audiences reshaping what travels and what sells. Into that churn steps Birla Studios, betting that stories with cultural specificity and universal emotion can do both.

The script, for now, is aspirational. The real test will be on screen. In a crowded market chasing the next big story, Birla Studios wants to make films that do not just open well—but endure.

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Film Production

Agnieszka Veriga named VP program management for Apac global experiences at WBD

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MUMBAI: Warner Bros Discovery has elevated Agnieszka Veriga, widely known as Aga, to vice president, program management for Apac global experiences, placing her at the helm of the company’s fast-expanding experiences business across the region.

Based in Dubai and working closely with teams across Asia Pacific, Veriga will lead Warner Bros Discovery’s portfolio of owned and licensed experiences. Her remit includes the Warner Bros Studio Tours in Tokyo and Shanghai, alongside shaping the company’s long-term growth strategy for experiences in Asia.

The appointment follows a landmark year in which Veriga worked closely with Sarah Roots to deliver the Harry Potter Studio Tour Shanghai project. Developed in partnership with Chinese hospitality major JingJiang, the project marked a major step in Warner Bros Discovery’s global experiences ambitions and stood out for its scale and complexity.

In her new role, Veriga will partner with Tony Qiu and the regional leadership team, focusing on strong programme delivery, clear governance and close collaboration across markets as the experiences portfolio continues to grow.

Veriga brings deep international experience to the position. Prior to joining Warner Bros Discovery, she served as director, strategic project management and business operations for Asia at Paramount, where she led major transformation initiatives and played a key role in launching Paramount Plus in South Korea and Japan. Her earlier career spans senior strategy and operations roles across Asia, Europe and the Middle East within the Discovery ecosystem and beyond.

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Sharing the news, Veriga said she was grateful for the trust and support she has received and excited about what lies ahead. With studio tours and immersive entertainment gaining traction across Asia, her expanded mandate signals Warner Bros Discovery’s intent to scale experiences with precision and pace.

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