Television

Viacom reports 16 % increase in revenues for 2001

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/03/16/Untitled-1_5.jpg?itok=nbV_E_GC

Entertainment conglomerate Viacom has reported results for the full year and fourth quarter ended 31 December, 2001. For the full year 2001, Viacom reported a 16 per cent increase in revenues to $23.22 billion, a 28 per cent gain in earnings before interest, taxes, depreciation and amortisation (EBITDA) to $4.55 billion and an 80 per cent increase in free cash flow to $3.0 billion, or $1.70 per diluted share. In 2000 revenues were $20.04 billion..

However for the fourth quarter of 2001, Viacom reported revenues of $6.04 billion, EBITDA of $1.06 billion and free cash flow of $1.38 billion, or $.77 per diluted share a decline from versus revenues of $6.36 billion, EBITDA of $1.36 billion and free cash flow of $942 million, or $.61 per diluted share, for the same prior-year period. 

Viacom reported a net loss of $224 million, or a loss of $.13 per share for the year ended 31 December 2001. This included a net loss of $43 million, or a loss of $.02 per share, for the fourth quarter. Full year and fourth quarter results include one-time charges to EBITDA for Blockbuster, MTV Networks and UPN of $512 million, of which $159 million is reflected in the fourth quarter. 

An official release states that as previously projected, the Company believes that, if current economic conditions continue, Viacom will achieve double-digit pro forma EBITDA growth for the full year 2002. While economic trends in the first quarter of 2002 continue to mirror the soft conditions experienced in the fourth quarter of 2001, the Company believes there is potential to outperform its current 2002 projection should the economic climate improve materially..

Chairman and CEO Viacom Sumner M Redstone said: "Viacom's results clearly demonstrate our ability to excel under unprecedented negative economic conditions. We delivered on our promises in 2001, which is a tribute to the strength of our assets, the breadth of our leading brands and, most of all, to the talent and commitment of our world-class management team. Despite the continuing soft economic climate, we are committed to pushing ahead to aggressively generate internal growth and to pursuing accretive acquisitions in our core competencies." 

The release informs that for the 19th consecutive quarter, MTV was the No. 1 cable network for the core 12-to 24-year-old audience. For the first time in MTV's 20 year history, five series delivered ratings of 2.0 or higher for ages 12-34, including Real World X, which was the top-rated cable series of 2001 on Tuesday nights.

Nickelodeon finished 2001 with its biggest kids' audience in its 22-year history and advanced its standing (25 consecutive quarters) as basic cable's No. 1 network among kids and households in total day for 2001 and fourth quarter. No such luck in India though. 

For the year, Entertainment reported revenues of $2.95 billion and EBITDA of $317 million, versus revenues of $2.76 billion and EBITDA of $369 million in the prior year. For the quarter, Entertainment reported revenues of $785 million and EBITDA of $28 million versus revenues of $701 million and EBITDA of $25 million in the prior year period. 

The full year and fourth quarter results reflect higher features and theaters revenues, principally led by higher home video revenues However, the full year increases were more than offset by the print and advertising costs associated with the higher number of pictures in theatrical release during the second half of the year.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/15/ndtv.jpg?itok=7MS2wKtw
NDTV promoters to challenge SEBI order barring them from accessing securities markets

As a result of alleged insider trading regulation violations, market regulator Securities and Exchange Board of India (SEBI) has barred NDTV promoters Prannoy Roy and his wife Radhika Roy from accessing the securities market for a period of two years.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/14/indvspak.jpg?itok=e3CiBkzR
ICC World Cup 2019, India vs Pakistan: TV listing, live streaming, date, time

Match 22 of the 2019 ICC World Cup is the mother of all contests. India take on Pakistan in what promises to be the match of the World Cup so far.

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/14/lizol.jpg?itok=Xb5J8hcD
Lizol remains top brand in BARC week 23 rankings

The Broadcast Audience Research Council (BARC) India has released its data for top advertisers and brands for the period between 1 June 2019 and 7 June 2019.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/14/star.jpg?itok=kZ71beue
Star Sports renews exclusive broadcast rights for Premier League till 2022

MUMBAI: For the past two decades, Star Sports, India’s leading sports broadcaster has continued to entertain football fans in India with top flight English football. Today, Star Sports announced that it will continue its partnership with Premier League for the next three years running up to the...

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/14/isharoon.jpg?itok=h0XGzRO1
Sony to launch new family show Ishaaron Ishaaron Mein

MUMBAI: Sony Entertainment Television is coming up with a fun-filled family show to give the viewers their daily dose of laughter. As this is the first time that a show is going to revolve around the life of hearing impaired, Mudit Nayar aka Yogi is putting all his efforts and learning the sign...

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/14/9xm.jpg?itok=tcPFiuql
9XM cricket ka bukhaar

MUMBAI: 9XM, India’s No. 1 television channel by reach, has created a unique cricket themed song featuring 9XM’s Bade Chote and other animated characters. The song titled ‘9XM Cricket Ka Bukhaar’ will be aired on 9XM starting 13th June 2019.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/14/colors.jpg?itok=a5_5IhML
COLORS Cineplex launches Uttar Pradesh’s first solar power theatre ‘Electro’ at Meerut’s Nauchandi Mela

While India has made remarkable progress in bringing electricity to every town, there are still millions who are shrouded in darkness.

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/14/nav.jpg?itok=I74Ex1Wh
BARC week 23: Telugu and Tamil markets see new entrants via Star channels

No changes were observed in the Bengali, Bhojpuri, Malayalam and Marathi markets in BARC data for week 23. Star Suvarna and Udaya Movies exchanged their fourth and fifth positions, respectively, in the Kannada space. Star Maa Movies emerged as the new player in this space at fifth position by...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/14/Republic_TV.jpg?itok=zPC2vKIs
BARC week 23: English news ratings plunge

The combined viewership ratings of the top 5 English news channels in week 23 of 2019 (Saturday, 1 June 2019 to Friday, 7 June 2019) plunged to an all-time lowest total since Broadcast Audience Research Council of India (BARC) recommenced publishing of ratings in the public domain after...

Television TV Channels Viewership

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories