B.A.G plans to invest Rs 500 million in radio biz

MUMBAI: B.A.G Infotainment, a wholly owned subsidiary of B.A.G. Films Ltd, plans to invest over Rs 500 million for its FM radio business spread over 10 towns.

The investment includes expenses towards infrastructure, equipments and studio facilities. The company will also have to contribute to the common transmission infrastructure. "We have bid successfully at very low costs. This has given us an edge and our outgo towards license fee is just 10 per cent of our project cost," says B.A.G Intotainment CEO Rajiv Mishra.

B.A.G is also trying to work out an equity arrangement among a consortium of small and regional radio operators who are in the process of being formed for collectively tapping advertising. "Our feeling is that there should be a common bonding for the consortium that will make it last. This will be best served by an equity arrangement among the partners. We are in talks towards this," says Mishra.

The consortium of radio operators for ad sales is in the process of being finalised. B.A.G will lead this combination which will have a national footprint to present before advertisers. Besides pressuring on higher ad rates, the partnership arrangement can help drive down operating costs for these FM broadcasting companies.
B.A.G expects to rope in 40 radio companies as members of this consortium. The idea is to counter the bigger players like Radio Mirchi, Radio City, Sun TV group and Anil Ambani-controlled Adlabs. "We hope to form the consortium by 15 July. We have already signed up with six companies including Renecka Fincon and Gwalior Farms. We are also in advanced talks with many others," says Mishra.

B.A.G has bagged licenses to operate stations in Shimla, Patiala, Karnal, Hissar, Ahmednagar, Jabalpur, Dhule, Jalgaon, Muzzaffarpur and Ranchi. "We expect the second phase of FM stations to be active by December. The marketing efforts should start somewhere in September-October. As for selecting radio companies who would form the consortium, we are careful that in each locality no competing operator is selected. We are selecting geographical blocks," says Mishra.

Latest Reads
ITV Network readies Punjabi music channel

MUMBAI: All the Punjabi music lovers have a new destination to groove to the bhangra. ITV Network is launching a new music channel P Tunes. A source close to the development confirmed the news and revealed that the channel will be launched next month. “There will be two channels, HD which will be...

Television TV Channels Music and Youth
Eros International profit margins up in FY 2018

BENGALURU: The Sunil Lulla-led Indian film and media company Eros International Media Ltd (Eros) saw EBITDA for the quarter ended 31 March 2018 (FY 2018, year, fiscal under review) of Rs 328.21 crore and a margin of 34.2 per cent of operating revenue, about 985 basis points more than the margin of...

Television TV Channels Movie Channels
Zee Cinema to air the World TV Premiere of the family entertainer Pad Man on Saturday, 26th May at 8PM

The people who are crazy enough to think they can change the world are the ones who do. A movie that dared to break stereotypes and talk about a tabooed topic, Pad Man was instrumental in creating a platform to discuss female hygiene in the country. Helmed by the celebrated director R Balki, Pad...

Television TV Channels Movie Channels
TV Today board recommends 45% dividend; numbers up

The board of directors of TV Today Network Ltd (TVTN) has recommended a dividend of Rs 2.25 (45 per cent) per equity share of face value of Rs 5 each for the financial year ended 31 March 2018 (FY 2018, year, fiscal under review). The company has reported 10.7 per cent growth in consolidated total...

Television TV Channels News Broadcasting
Sony takes audiences to the crossroads with new show

MUMBAI: After being a leader in introducing mythological shows, Sony Entertainment Television (SET) is taking a different route. The channel’s latest offering is Zindagi ke Crossroads, a 39-episodic interactive show where the studio audiences will put forward their opinions on the challenges faced...

Television TV Channels GECs
Cosmos-Maya’s next international co-production is a spin-off series of the much talked about 3D Animation feature film Leo da Vinci: Mission Mona Lisa

is another high quality 3D animation international co-production - a spin-off series based on the recently released film Leo da Vinci: Mission Mona Lisa.

Television TV Channels Kids
EPIC TV & Penguin Present The Third Book Of The Devlok With Devdutt Pattanaik Series

Where did the name Radha come from? When did Christianity first come to India? What is the connection between sanskar and dharma? After the enormous success of the first two books in the ‘Devlok with Devdutt Pattanaik’ series, India’s favourite mythologist, Devdutt Pattanaik, is back with a third...

Television TV Channels Factual & Documentary
Banijay Asia and Salman Khan TV collaborates to create content for digital and tv

World’s largest independent content creation group, Banijay Group recently entered Indian & South East Asian market under the guidance of Deepak Dhar with an aim to produce content across genres. Banijay Asia &SK TV, which was launched few years back, come together to create novel and...

Television TV Channels GECs
DSport reaches 110 mn households in a year

DSport, the sports TV channel by Discovery Communications, has achieved the milestone of reaching 110 million households in India. The channel was launched on 6 February 2017 and achieved the milestone within one year of operations in India and has expanded its distribution across all DTH and...

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories