Star Group revenues up 20% at $ 408 million: report

NEW DELHI: The operating earnings of News Corp's Asian subsidiary Star Group has exceeded $50 million for the full year (ending June 30, 2004) with advertising revenue growing by 21 per cent, driven primarily by Indian market leader Star Plus.

Hong Kong-based Media Partners Asia, a research and market analysis company, estimates that the operating income in FY 2004 should be in the region of $57 million versus $8 million in FY 2003.

Star Group's revenues grew an estimated 20 per cent Y/Y to $408 million. Subscription remained robust, again led by India, although a rate freeze in the market (instituted in January 2004) looked likely to impact growth in the second half of 2004.

But, according to MPA estimates, Star still managed to increase subscriber declarations (to at least 13 million versus 10.8 million a year earlier) and squeeze more revenues from the fragmented cable TV distribution chain.

In its financial reportings, News Corp has indicated that in Q4 of FY 2004, operating income at Star grew 52 per cent on the back of 18 per cent Y/Y revenue growth.

"On a full-year basis, we estimate that Star derived more than $80 million in operating income from India although these earnings remain diluted by an estimated $10-15 million in operating losses from China (including start up general entertainment channel Xing Kong), which may break even over the next two years," MPA has stated.

At present, Star is in the midst of expanding its programming bouquet with the launch of new channels (it launched free-to-air Utsav in June) in order to secure advertising from regional and national brands in India and generate more subscription, despite current rate restrictions.

Star plans to offer a new Hindi pay channel (tentatively called Star One) and ramp up its market share in South India by bolstering Vijay TV (now completely owned by Star) and potentially acquiring or launching another new channel.

Ownership of a distribution platform currently remains out of reach as Star's $350 million JV with the Tatas (Star owns a 20% direct interest) to launch KU-band DTH services in India and potentially acquire up to 10 million subscribers over the long term, has been kept on hold as both parties wait for a license.

Latest Reads
BIG Magic acquires 'Boonie Bears' exclusive FTA rights

BIG Magic has acquired exclusive FTA rights of ‘Boonie Bears’, the No.1 and most popular animated series in China. BIG Magic has renamed it ‘Babloo Dabloo’ for the Hindi viewing audience. Babloo Dabloo airs every Monday – Sunday 10 am – 11 am & 5 pm – 6 pm only on BIG Magic

Television TV Channels GECs
PBL: Setting stage for next big thing on Indian sporting landscape

India has witnessed the emergence of a multi-sports culture over the past few years. This significant development has come on the back of a promising display by Indian sportspersons across various disciplines, the meteoric rise of home grown leagues and the consequent widening of the fan base of...

Television TV Channels Sports
CNNMoney new section will be about the fastest growing economy; MoneyStream app launched

MUMBAI: Attracting 1.8 million average monthly page views, witnessing a 37 per cent growth in video consumption and 16 per cent in unique browsers month-on-month from India in less than a year’s time is not smooth. In its ambitious plan of global expansion, CNN Digital is leaving no stone unturned...

Television TV Channels News Broadcasting
Content a 'Game of Thrones'; AT&T's control over HBO, Cartoon Network, Warner Bros faces regulatory lens

The global media landscape is resulting in a new juggernaut as an internet and cable behemoth yesterday purchased an entertainment conglomerate making the former unmatched in its size and reach to consumers through home broadband, smartphones, satellite television and a battery of movies and cable...

Television TV Channels English Entertainment
US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of...

Television TV Channels Sports
TVS Tyres is co-presenter for Asian Champions Trophy 2016

Continuing its strong connect with sports, TVS Tyres has associated with Asian Champions Trophy 2016 by becoming the co-presenter. The Asian Champions Trophy is one of the premier hockey tournaments, a much sought after annual international competition promising some great hockey action. This...

Television TV Channels Sports
Q2-17: Zee Learn declares maiden interim dividend

The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter).

Television TV Channels Factual & Documentary
Whether BARC action can stop unethical practices?

MUMBAI: Can businesses and industries practise their art of selling fairly although they have 'Fair Practices' training during academic courses, workshops and several ISO and other certifications? There seems to be the fear of the lawman, and not the law in India. If the traffic cop is watching,...

Television TV Channels Viewership
TV Superhighway: beIN, Yaddo, AfricaXP have joined us, says Magine CEO Ambuj Goyal

CANNES; Magine has secured partnerships with four of the industry’s most exciting sports, documentary and entertainment content providers. Partnerships with beIN, the international media group and owner of MIRAMAX; Yaddo, the new documentary streaming service headed up by former head of The BBC’s...

Television TV Channels Factual & Documentary

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories