Television

ETC net up 466% at Rs 21.56 m for Q2 '02

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/07/12/ETC%20Networks.jpg?itok=JiewixLb

MUMBAI: Recently acquired Zee Group company ETC Networks has notched up a net profit of Rs 21.56 million for the second quarter. This marks an increase of 466 per cent over net earnings of Rs 3.8 million for the corresponding quarter that ended 30 September in 2001.

Sandeep Goyal, who recently bid adieu to his post as group broadcasting chief executive of Zee Telefilms, has officially stepped down from his post as director and managing director of ETC Networks too.

In a notification to the Bombay Stock Exchange, the company has informed that Rajiv Garg has been appointed the new MD of the company, which was acquired by Zee earlier this year. Surjit Banga, earlier the managing director of SBI Factoring Division of the State Bank of India, has been appointed as additional director of the company. Banga will also chair the audit committee of the company.

The company's profit after tax has surged ahead to Rs 83.8 m compared to Rs 14.8 m achieved during the corresponding half year ended 30 September 2001. The company attributes the increase in profits to strict cost control measures taken by the company. The programming and telecast expenses were reduced by 38 per cent - from Rs 72.1 m incurred during the half year ended 30 September 2001 to Rs 44.9 m during the current half year.

of Rs 62.26 million for Q1 2002-03 has reported a profit after tax

While revenue from channel operations has risen from Rs 76.8 m in Q2 '01 to Rs 109.7 m in Q2 '02, programming and telecast expenses as well as staff costs have been streamlined. Telecast expenses have been brought down from Rs 33.9 m in Q2 '01 to Rs 23.1 m in Q2 '02, and staff costs have been cut down from Rs 7.03 m to Rs 6.48 m in the same period. Sales and administration costs have however risen marginally from Rs 10.8 m to Rs 16.3 m.

The process of integration of various functions, primarily sales and programming, has been done with a view to drawing synergies from the strengths of each other, claims the company. ETC has started recycling its existing programmes for use in overseas markets, using Zee's existing international platform. The value of content supplied by ETC to overseas entities during the quarter just ended will however be accounted for only during the third quarter.

ETC NETWORKS LIMITED
       
DETAILS OF REVENUE FOR THE PERIOD OF APRIL 02 TO SEPT 02
l l l l
l l ( RS. IN MILLIONS) l
l Q1 Q2 l
PARTICULARS ETC HINDI ETC PUNJABI ETC HINDI ETC PUNJABI TOTAL
       
INCOME FROM C 24.499 26.97
 25.635
26.946
104.050
INCOME FROM T 68.192 7.834
47.06
9.493 133.224
TOTAL 92.691 34.804 73.341 36.439 237.275

ETC has decided to go the Zee way in revamping programming strategy. The company claims to have taken a conscious decision to improve upon its channel content by having optimum mix of trailors and music and film based programmes, for which it plans to restrict the inventory for trailors on the two ETC channels - music and Punjabi, a strategy that has already resulted in increased ad revenues for the two, claims the company.

ETC Punjabi and etc (Music), says the company, have further consolidated their market leader status in their respective genres. ETC Punjabi currently enjoys 70 per cent market share among Punjabi channels and etc Music has a 35 per cent market share among music channels in India, says the company. Quoting TAM figures, ETC Networks says that 20 of the top 25 programmes among the music channels belong to etc music.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/19/virat.jpg?itok=8DXooSVq
Star India bags production rights for IPL 2018

Star India, which holds the TV and digital rights of the Indian Premier League, today also won the audio-visual production rights for IPL 2018 as well as the BCCI's domestic circuit for the 2018-19 season. The deal amount has not been revealed.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/19/prive.jpg?itok=TA019vU8
Experience the cinematic journey of the Academy's finest with &Privé HD’s 'The Winning Side'

As the stage is getting set for one of the most important nights in Hollywood, film enthusiasts across the world are waiting with bated breath to see their favourite stars take home the golden statuette. While the highly-anticipated night soon approaches.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/19/khelo-india.jpg?itok=cw_aJ-JT
Khelo india school games attract over 100 million viewers in its inaugural edition

Star Sports produced Khelo India School Games (KISG) drew a remarkable viewership for the inaugural edition of the tournament by attracting 102 million* viewers on television. Whether it is with the vision of creating heroes through story telling or simplifying various sports on television to...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/19/the-dump.jpg?itok=4qUVI_cx
Wide sales picks worldwide rights to panorama title Garbage

MUMBAI:  Paris-based sales company Wide has picked up worldwide rights to Panorama title Garbage, directed by Q, which is the only Indian feature in Berlinale official selection this year. A political drama that reflects the times we are living in, Garbage, Q’s new directorial venture Produced by...

Television Production House Film Production
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/19/24.jpg?itok=amvyZTcD
News24 to hike ad rates by 40% post revamp

MUMBAI: A decade after making a headway into India’s burgeoning news TV industry, Hindi news channel News24 has given itself a makeover to stay relevant in the current times. The channel, owned by BAG Network and Media, got a new logo design and tagline of ‘Think First’ earlier this month. Talking...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/19/Jeet.jpg?itok=BcmfVVar
Jeet storms the market with big debut week viewership

MUMBAI: After entertaining the Indian audience for more than 20 years with world-class documentaries on food, science and survival, Discovery Communications India (DCIN) has entered the Hindi general entertainment category (GEC) with a bang thanks to Discovery Jeet. The channel, which launched on...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/19/FTA_GEC_0.jpg?itok=3UXOqCYk
FTA GECs bring in revenue despite low ad rates

MUMBAI: The formulation of the Broadcast Audience Research Council (BARC) had one big advantage for channels. Regional reporting led to increased viewership for free to air (FTA) general entertainment channels (GEC) as well as higher advertiser interest. Star Bharat is the only FTA that has...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/17/Pro_Wrestling.jpg?itok=ZIguV2M0
Pro Wrestling League rallies on North India viewership

MUMBAI: The third edition of the Pro Wrestling League (PWL) proved to be a hit among the younger viewers while attracting audiences of all age groups. Moreover, 77 per cent of the viewership came from North India for the season.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/16/banok.jpg?itok=BJ4ELatq
Catch the Superr Heropanti of bandbudh aur budbak only on Discovery Kids

Discovery Kids, the leading animation channel from Discovery Communications India, has launched its new series Bandbudh aur Budbak from 12th February. The show follows the fun school life adventures of two best friends, Badrinath and Buddhadeb who often land in trouble because of their antics but...

Television TV Channels Kids

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories