Crown Media net revenue up 52 per cent

MUMBAI: Crown Media Holdings has reported its operating results for the three months ended 30 September 2002, posting a net revenue increase of 52 per cent.

The media major's net revenue in the quarter just ended stands at $40.1 million, up from $26.3 million in the prior year's quarter. Advertising revenues for the quarter totaled $18.2 million, an increase of 103 per cent from the third quarter of 2001. Hallmark Channel subscribers increased 15 per cent to 95.7 million worldwide as of 30 September 2002, from 82.9 million subscribers as of 30 September, 2001.

It was reported last month that the channel would look to cut over 100 jobs in the Asia region in a bid to contain operating costs. It has already closed down its Singapore sales office.

The channel ended the quarter with 47.5 million subscribers in the United States and 48.2 million international subscribers across 110 countries. Subscribers of the domestic channel increased 20 per cent, and subscribers of the international channel increased 12 per cent over the third quarter 2001. For the twelve months ended 30 September 2002, Hallmark Channel was the fastest growing cable network in the US based on subscribers, claims an official release.

In the US during the quarter just ended, the channel premiered the two-part Hallmark Entertainment produced Johnson County War, which became the network's second highest rated original mini-series. Total day viewership increased by 50 per cent for female adults (25 to 54) as compared to the third quarter of 2001.

Hallmark Channel US will launch the Hallmark Keepsake Sweepstakes in conjunction with approximately 4,500 Hallmark Gold Crown(R) stores this November. The largest ever promotion between a cable channel and a retail network, it will include the broadcast of five world premiere holiday events from mid-November through Christmas, the release says. Over 140 million game pieces will be distributed and more than two million prizes will be given away in this holiday "match and win" contest.

Crown Media, that announced corporate restructuring of its operations in October plans to implement its new strategy by decentralizing many oversight and non-technical support functions located in its US offices and transferring these responsibilities to regional staff. In Latin America, the company is in negotiations to enter into a strategic alliance with a local distribution partner who, under Crown Media's direction, will manage the Hallmark Channel in this region, says the release. 

The restructuring, which is expected to be complete by the end of the first quarter of 2003, will result in a 30 per cent reduction of the Company's workforce, the release says.

Hallmark Channel will continue to be distributed to its global subscriber base of over 95 million. Once the restructuring is completed, the company expects to realize annual savings of $25 million related to decreased overhead and amortization costs, facilitating the company's plan to achieve EBITDA breakeven in the second half of 2003.

Latest Reads
Republic TV, BTVI join hands for budget coverage

MUMBAI: Republic TV, spearheaded by Arnab Goswami, and Business Television India (BTVI) have entered into an alliance for content and programming around Union Budget 2018. The Republic TV- BTVI alliance promises to offer viewers a distinctive experience.

Television TV Channels News Broadcasting
Mairu Gupta and the art of building the NBA in India

MUMBAI: For basketball fans worldwide, the US National Basketball Association (NBA) represents the mecca of the sport. But in India, the NBA has had its task cut out, what with cricket presenting a near impenetrable line of defence.

Television TV Channels Sports
CNN-News18 'Indian of the year' 2017 special Telecast on 9 and 10 December

MUMBAI: The awards night of the annual and flagship initiative of CNN-News18, ‘Indian of the Year – 2017’ will be telecasted on the 9 and 10 of December at 9:30 PM on the channel. The initiative, whichrecognizes and awards the exceptional contribution and achievements of the iconic Indian citizens...

Television TV Channels News Broadcasting
Music channels bet on shows to boost viewership

MUMBAI: Seems like music channels are playing second fiddle to online music platforms when it comes to playing tracks. In an attempt to grab more eyeballs, pure-play music channels on television are moving away from the music content and focusing more on the youth-centric shows.

Television TV Channels Music and Youth
Zee TV leads Hindi GECs in week 48 of Barc ratings

MUMBAI: Zee TV emerged as the leader among Hindi general entertainment channels (urban + rural) dethroning Zee Anmol, according to Broadcast Audience Research Council’s (BARC) all-India data for week 48.

Television TV Channels GECs
Republic TV continues lead as genre ratings rise

BENGALURU:Two of weeks earlier, we had mentioned that the English News genre’s four week average ratings and weekly ratings have been falling since weeks 29 to 32 of 2017. The fall continued until week 47 of 2017 when the combined Broadcast Audience Research Council of India (BARC) weekly ratings...

Television TV Channels News Broadcasting
SPN India acquires TV, OTT rights for T10 Cricket League

MUMBAI: The newly introduced T10 Cricket league (TCL), which will be played at the UAE’s Sharjah Cricket Stadium, will be telecast live on Sony ESPN. The league is a four-day event running from the 14th to the 17th of December 2017.

Television TV Channels Sports
News Corp’s new ad network takes on Facebook, Google

Training its guns at the digital-ad dominance of Google and Facebook, News Corp has launched a platform, News IQ, to let advertisers reach audiences across all of its online properties.

Television TV Channels News Broadcasting
Gracenote launches channel monitoring solution for broadcasters

MUMBAI: Gracenote, a Nielsen company, has launched its next-generation TV distribution monitoring and reporting solution developed specifically for the Indian TV market called TV Street Maps 2.0.

Television TV Channels People

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories