Television

Sahara appoints Ernst & Young to value entertainment business

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/04/26/Sahara%20Manoranjan.jpg?itok=2AU3tx0e

MUMBAI: Sahara Group has mandated consulting firm Ernst & Young to conduct a valuation of its entertainment and movie businesses, sources close to the company said.

Under the ambit will be Sahara's Hindi general entertainment channel and the movie library it owns. Sahara has produced several recent hits like Page 3, Sarkar, No Entry and Hanuman.

News channels, however, are kept out of Ernst & Young's valuation exercise, the source said. Sahara runs a bouquet of news channels under the Sahara Samay brand. This includes a national and several regional-centric channels.

Ernst & Young is expected to submit the valuation report within a month. Sahara officials were not willing to speak on the issue. Sahara India Mass Communication Ltd CEO Shantonu Aditya was not available for comment.

Sahara's entertainment business is being handled by a management joint venture with Percept's Shailendra Singh at the helm. This includes SaharaOne TV, the Hindi general entertainment channel, and motion pictures business. Sahara also plans to launch Filmy, a movie channel.

Sahara Samay is handled by a different team. "It has a separate structure including a different ad sales head," the source said.

A change in name of the listed company is on the agenda to reflect the SaharaOne brand so that it brings in the identity of Sahara's entertainment business. SaharaOne Media and Entertainment Ltd will be the new name of Sahara India Mass Communication, following the shareholders' approval which is likely to be sought in December.

Sahara India Mass Communication is a profitable company, having earned a net profit of Rs 65 million on a total income of Rs 1.68 billion in 2004-05. It has a healthy business model involving production of software and licensing it to the Hindi-language general entertainment channel SaharaOne TV. The earnings from the movie business also get reflected in the company's revenues.

However, Sahara India TV Networks, the privately held company that is the broadcasting arm for the group's entertainment and news channel operations, is loss-making. The advertising revenues of SaharaOne TV and the news channels of Sahara Samay get reflected in this company. Though SaharaOne TV's ratings are slowly inching up and the channel has managed to hike effective ad rates, it still has some way to go to be profitable. Movies, however, have turned out to be profitable for Sahara this year.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/16/rescue.jpg?itok=Eb-MYe92
Discovery chronicles the harrowing story and extraordinary rescue of the thai soccer team that is captivating the world in Operation thai cave rescue

From the moment the heartbreaking news broke that 12 young Thai soccer players and their 25-year-old coach were stuck in a cave complex near the Myanmar border

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/16/smurf.jpg?itok=OSPCDkdg
Zee Cinema to air the animated movie Smurfs - The Lost Village on Saturday, 21st July at 12pm

If you’ve watched The Smurfs and The Smurfs 2, you’re probably aware of the tiny blue creatures with white clothes and droopy hats living out their lives in blissful coexistence.

Television TV Channels Movie Channels
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/16/tlc.jpg?itok=z2Et6wll
TLC to premiere Curvy Bride Boutique for plus size brides

TLC, India’s go to lifestyle channel, is all set to premiere the most popular and talked about UK based show Curvy Bride Boutique from 16th July at 10 PM.

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/16/lallan.jpg?itok=FMCuiPWF
India’s leading New Age News Brand TheLallantop.com set to take Television by storm

New-age digital brand TheLallantop.com is about to take the television screens by storm.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/14/fifa.jpg?itok=yb4fcOy_
FIFA legal action against BeoutQ for WC piracy

MUMBAI: FIFA will be taking legal action against Saudi Arabia-based BeoutQ, a pirated TV service operating in the Middle East and North Africa (MENA), which continues its illegal piracy of 2018 FIFA World Cup broadcasts, according to an official statement, carried by the Saudi Press Agency (SPA)....

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/14/colors.jpg?itok=JUMddc-O
Viacom18 launches Colors Tamil HD in Singapore on Star Hub

After entering the Tamil GEC market, Viacom18, one of India’s largest entertainment conglomerates, has launched Colors Tamil HD on Star Hub, (channel no. 132) in Singapore.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/14/aparna.jpg?itok=4ouWUw2X
Zee Café, BBC Worldwide launch second season of premium British dramas

Zee Cafe has partnered with BBC Worldwide to once again entertain Indian audiences with premium British dramas.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/13/zee_0.jpg?itok=_b67Pd0P
Zee Tamil’s Sembaruthi completes 200 episodes!

Leading Tamil General Entertainment Channel (GEC) – Zee Tamil has been at the forefront of quality content across genres that caters to the diverse entertainment needs of Tamil audiences across the world.

Television TV Channels Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/13/zee.jpg?itok=m6J6HJ9Z
Zee Telugu Announces World Television Premiere of Sai Pallavi and Naga Shaurya Starrer Kanam

Weekend plans just got better with Zee Telugu’s horror World Television Premiere, Kanam, to your home screens on Sunday! From the Abhinetri-famed director A L Vijay, Kanam is a supernatural tale which blends elements of revenge and horror to give the audiences a spine-chilling experience. The film...

Television TV Channels Regional

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories