Television

GST ad deferrals hit Network 18 revenue in Q1-18

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2017/07/18/adil.jpg?itok=wgjmydle

BENGALURU: The GST implementation resulted in deferral of advertising spends in late Q1-18 (quarter ended 30 June 2017, current quarter) says Network 18 Limited.: While April-May witnessed robust revenue growth, June was substantially impacted by postponement in advertising spends. Nevertheless, The company believe that this is a transitory impact and GST shall drive the informal economy towards the formal channel in the long-run, which will push up advertising spends.

Overall revenue including proportionate share of JVs’ increased 3 percent year-over-year (y-o-y) in Q1-18 to Rs 8,360 million from Rs 8,140 million in the corresponding year ago quarter Q1-17.Segment operating loss (EBIDTA) declined to Rs 510 millon in Q1-18 as compared to Rs 580 million in Q1-17. Revenue as IND-AS in Q1-18 was lower at Rs 3,210 million as compared to Rs 3,520 million in Q1-17. Operating loss as per IND-AS declined to Rs 460 million as compared to Rs 740 million in Q1-17.

Network18 chairman Adil Zainulbhai said,“The digital space in India is witnessing an insatiable appetite for quality content, and Network18 continues to be at the forefront of providing the same in a frictionless manner across genres. We aim to marry vernacular and digital opportunities in India with our strength in linear media to fulfil the rising demand for content that is both targeted and available on-demand.”

Zainulbhai continued, “The industry is navigating through a period of flux in both the advertising environment and the subscription business model; but underlying growth tailwinds are intact and bode well for committed players. We believe that TV18 is well-positioned to capitalize on its strengths in content curation and creation of scalable platforms for seamless delivery. Our commitment to creating value for all our stakeholders is reflected in our continued investments into incubating segmented offerings, and consistently building on our areas of leadership.”

TV 18, the listed subsidiary of Network 18 reported 1.8 percent y-o-y decline in consolidated revenue in Q1-18 to Rs 2,170 million from Rs 2,210 million. TV18’s. TV18 owns and operates the largest network of channels – 49 in India spanning news and entertainment. It also caters to the Indian diaspora globally through 13 international channels. The company says that revenue growth from business news boosted TV18 standalone operating EBITDA. However, regional news witnessed softness in revenues and low profitability due to gestation losses. Entertainment revenues were aided by strong performance in niche genres and strength of the bouquet, it adds.

TV18 posted consolidated revenues of Rs. 6,280 million (including proportionate share of JVs) in Q1FY18, a 4 percent y-o-y growth. Profitability improved mildly, driven by business news performance and helped by steady ramp-up of the multiple new initiatives undertaken in Q1-17.

Tv18’s Total Expenditure in Q1-18 increased 2.9 percent y-o-y to Rs 2,520 million from Rs 2,450 million.TV 18’sEmployee Benefits Expense in the current quarter increased 23.4 percent y-o-y to Rs 950 million from Rs 770 million. TV 18’2 Finance costs declined 20 percent y-o-y in Q1-18 to Rs 40 million from Rs 50 million.

TV18’s Other expenses in Q1-18 declined 13 percent to Rs 870 million from Rs 1,000 million.TV 18’s Distribution, advertising and business promotion expense reduced 3.8 percent y-o-y in Q1-18 to Rs 510 million from Rs 530 million.

Also Read:

Network18 transfers Burrp in internal restructure

Network18 FY17 consolidated revenue up by 5% from last year

Network 18 board approves amalgamation of subsidiaries; adjusted operating profit down in Q3-17

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/23/Shubhranshu_singh.jpg?itok=OUkY580T
Star Sports EVP and marketing head Shubhranshu singh quits

MUMBAI: Star Sports Executive Vice President and Head Marketing Shubhranshu Singh has quit the company after a four-year stint.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/22/bajaj.jpg?itok=z_mfKL62
Discovery bags nine sponsors for Battle Ops

Battle Ops, Discovery Communications India’s (DCIN) integrated television and digital offering, has received a resounding response from the advertiser community. The show, which will premiere on Discovery Channel and Veer on 26th January, has already sold out with nine sponsors on board.

Television TV Channels Specialised and Niche
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/22/madhvan_0.jpg?itok=GrROQRmt
Splash and assemblage entertainment begin production on norm of the north sequel

Assemblage Entertainment, the feature-film focused CGI animation studio has begun production on the sequel of 2016 theatrical feature film Norm of the North, along with Splash Entertainment, Lionsgate and Dream Factory In many first-of-its times, it is unprecedented that an independent animated...

Television Production House Film Production
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/22/vijendra_0.jpg?itok=ZPuHFHFV
Vijendra Singh, Indian Boxing Champion associates with Pokerbaazi

PokerBaazi.com, one of India’s pioneer online poker platforms has signed Vijender Singh as its new brand ambassador. Prior to roping in Indian professional boxer, Indian film star, actor, and model, Sunny Leone was the face of the brand. By roping in boxing champion Vijeder Singh as its brand...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/22/bff.jpg?itok=W52X-fZ5
COLORS INFINITY serves an intoxicating concoction of bollywood Besties, Gossip, Games

Make Saturday nights your date night with some of your favorite Bollywood best-friends, as COLORS INFINITY brings to you the latest season of the popular homegrown chat show Jeep presents BFFs with Vogue powered by Motorola and beauty partner Nykaa.com, starting Saturday January 20, 2018 at 8pm on...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/22/indian.jpg?itok=6zQ-0BOt
Experience first-hand India's historic Military Operation in a gripping new documentary

On 18 September 2016, four Jaish-e-Mohammad terrorists attacked an Indian Army Garrison in the town of Uri, Jammu and Kashmir. 19 Indian soldiers were martyred in the Fidayeen attack. Eleven days later

Television Production House Fiction
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/22/trophy.jpg?itok=khbRFiK2
578 players to go under the hammer for IPL auction

The much-anticipated VIVO IPL 2018 player auction list is out with 578 players up for grabs. This big pool of cricketers, which comprises 360 Indians, will go under the hammer in Bengaluru on 27 and 28 January, 2018.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/22/BARC%20India-Image_1.jpg?itok=VW_FNs3c
BARC panel tampering: first arrests made

The Cyber Crime Police in Bengaluru, acting on a complaint filed by the Broadcast Research Council of India (BARC), has arrested five people allegedly for trying to tamper with the television viewership data generated and reported by BARC every week.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/22/ferzad.jpg?itok=VswwXfNe
Cautious investments serve MTV Beats well

MUMBAI: When digital media made it easy for people to listen to songs anywhere anytime, it sounded like the death knell for music channels on TV. Years later, however, they continue to survive.

Television TV Channels Music and Youth

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories