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Creative
Eye has shelved its plans of making programmes for all of
national Doordarshan's 13 regional channels.
The
Dheeraj Kumar promoted production house had earlier this
year aimed at entering the southern regional market by producing
prime time soaps for all DD's language channels. "DD's regional
channels have no visibility", says Wing Cdr D Dass, executive
director of the company, citing the reason for pulling out.
In effect, Creative Eye has distanced itself from DD and
has moved towards satellite channels, which will provide
increased margins. The company's earlier 60 per cent dependence
on DD will be cut down to 30 per cent in the coming months,
he says.
The
dubbed Telugu version of Om Namoh Narayan, which
was aired on DDK Hyderabad earlier this year, was pulled
out after a 10-week run. The plan for a Malayalam daily
soap for Doordarshan has also been shelved.
Its
second quarter results are nothing to write home about,
and Creative Eye squarely blames DD for all its woes. Its
income from operations continue to slump (Rs 33.4 million)
compared to previous years' figures, and projected revenues
at the end of this fiscal are expected to touch just RS
300 million. The company came out with an IPO late last
year but has not been able to live up to investors' expectations
- its profits will not be more than Rs 40 - 50 million this
year, according to Dass.
The
company, however, is not in maintenance mode, he insists.
Says Dass, the company is spending Rs 30 million to upgrade
and add the additional facilities to the existing studios,
one in Kailash Plaza and another, Swati Studio, which the
company has taken on a 19-year lease contract. Plans are
in the pipeline to invest Rs 20 million to set up another
studio, he adds.
The company has posted a net profit of Rs 3.6 million and
a total income of Rs 38 million. An amount rather negligible
for a company that's backed by a history of providing bankable
properties comprising mythological serials and social drama
and boasts of a library that Pricewater House values at
Rs 340 million.
The production cost of software has decreased, indicating
lowered investments in software projects while the cost
of software, staff costs and other expenditure has been
reduced to Rs 28.4 million, compared to the first quarter
figure of Rs 33.8 million.
Creative Eye's problems with DD began in March last year,
when DD made policy changes and hiked its rates, forcing
producers to buy additional spots at higher rates when the
market was not ready for it. Along with several other producers
(Cinevista posted losses of Rs 120 million last year), Creative
Eye pulled out Rangoli, Jap Tap Vrat and Om
Namah Shivay. Up until then, the company had been one
of DD's favourites, having started in 1986 with Kahan
Gaye Woh Log on the lone channel then.
DD revamping its policies in July this year has not helped
much, says Dass, until DD adopts a 'single window' strategy
for marketing. Currently, only four hours of programming
every week is reserved for DD, the rest is spread out over
satellite channels. The viewership of Sach, a serial
based on superstitions, suffered after it was shuffled around
three times, but continues at 11 am on Sundays on DD1.
Creative's stock-in-trade - mythologicals - are currently
on Sony (Shree Ganesh) at 8:30 am on Sundays, on
Star Vijay (Om Namah Shivay) on Mondays, on Sahara
(Om Namoh Narayan) on Saturdays, and on Star Plus
(Jap Tap Vratt) at 9 am on Sundays. It is persevering
with a daily soap on DD1, Jaane Anjaane and a daily
serial, Banna, on DD Kannada.
Creative Eye has also initiated outsourcing the production
of its serials, in an effort to boost creativity. While
a large part of Jaane Anjaane's scripting, editing
and directing has been outsourced, many of its pending pilots
(Insaaniyat - a daily soap awaiting scheduling by
DD -, Kya Beti Paaraya Dhan Hai and Tulsi Mere
Angan Ki) have also been outsourced.
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