India drives Star operating profits to $ 128 million for FY05: MPA

MUMBAI: India continues to be the engine that drives the Rupert Murdoch-controlled Star Group, News Corp's pan-Asian venture. Star raked in operating profits (EBIDTA) of $ 128 million for FY 2005 (ended 30 June 2005), a surge of 113 per cent year on year, research and publishing firm Media Partners Asia (MPA) has reported.



According to MPA, operating income stood at $109 million on consolidated turnover of $444 million Profit margins grew to 29 per cent (EBITDA level) and 24 per cent (EBIT) during FY 2005. MPA estimates indicate that Star's FYE June 2006 EBITDA could reach $205 million (40 per cent margin) while EBIT could grow to up to $190 million Depreciation and capEx costs continue to average at about $15-20 million per annum.



Turnover grew 24 per cent year-on-year during Q4 FY 2005 and 14 per cent for FY 2005, reaching $444 million, boosted by advertising growth of Star Plus and Star Gold channels along with contributions from new channels in India, which now contributes about 67 per cent to group turnover. During FY 2005, advertising contributed 57 per cent to group turnover with subscription at 35 per cent and other business at 8 per cent.

Star is edging close to breakeven in China, though on a relatively low revenue base. The company continues to face regulatory barriers on the Mainland with government authorities closely monitoring its activities. News Corp chairman and CEO Rupert Murdoch recently expressed his frustration on the issue complaining that his company had hit a "brick wall in China". Murdoch was speaking at a panel on global media at the Clinton Global Initiative.

Meanwhile as far as the trajectory of Murdoch's jewel in his Asian crown is concerned, it remains up, up and away. Going forward, the company plans to maintain and extend its leadership in India with Star Plus as well as increasing Star One's audience share; strengthening Star Gold; and launching international feeds. T Sky, Star's 20 per cent owned $350 million DTH satellite JV with the Tatas, is expected to launch in March 2006.

Latest Reads
Republic TV to track real-time data for Gujarat elections

MUMBAI: Republic TV has partnered data-science company Gramener to track real-time data, along with analysis, during the Gujarat elections. According to a release sent by Republic TV, “Gramener will help enhance the visual look both on-air and on Republic’s digital platforms to present the data in...

Television TV Channels News Broadcasting
Nakul Chopra is new BARC chairman

MUMBAI: Nakul Chopra, currently president of Advertising Agencies Association of India (AAAI) and senior advisor of Publicis Communications, has been elected as the next chairman of BARC India. Chopra succeeds Viacom18 group CEO Sudhanshu Vats, who has completed his one-year tenure as chairman.

Television TV Channels Viewership
Nitin Kukreja joins iQuest

Former Star India sports head Nitin Kukreja has joined iQuest Enterprises as its chief executive officer. Kukreja had left Star in March this year. IQuest is an enterprise of Nimmagadda Prasad, the former owner of the Maa TV group, who has multiple business interests ranging from infrastructure to...

Television TV Channels Sports
Sun TV's unassailable lead continues, while Zee TV leads Hindi across genre

BENGALURU: The Sun network's flagship Tamil general entertainment channel (GEC) Sun TV continued its lead in ratings across all GECs on Indian television for week 48 of 2017 (25 November to 1 December 2017) according to Broadcast Audience Research Council (BARC) weekly ratings data

Television TV Channels GECs
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

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories