Television

Sahara appoints Ernst & Young to value entertainment business

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/04/26/Sahara%20Manoranjan.jpg?itok=dBnmGt12

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

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/08/zoom.jpg?itok=B6-BfMzW
International stars from 13 Reasons Why, 365 Days, Too Hot to Handle make their India Television chat show debut with zoOm’s Access Allowed

MUMBAI:  zoOm gears up to welcome the biggest International stars on its much talked about chat show Access Allowed.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/08/rohit.jpg?itok=D72FGTVX
SPNI's Rohit Gupta on The Venice TV Festival jury

NEW DELHI: A tribute to innovation and international recognition for quality creative and media content, The Venice TV Festival has announced Sony Pictures Network India president Rohit Gupta as a part of its extensive international jury for the upcoming festival scheduled in September. 

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/08/radio-mirchi.jpg?itok=JjRNbC6u
ENIL income from outside India grows as other numbers plummet in first quarter

Indian private FM player Entertainment Network (India) Ltd (ENIL), which runs the Mirchi brand radio network in India, reported 71.7 percent fall in consolidated Total Income from Operations (TIO) for the quarter ended 30 June 2020.

Television TV Channels Specialised and Niche
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/08/tv-today.jpg?itok=gzM91a6r
TV Today numbers subdued but profitable for first quarter in Covid2019 period

Most corporates, and more so broadcasters, have reported red bottom-lines for the first full COVID2019 quarter and the first quarter of fiscal 2020-21 (quarter ended 30 June 2020, Q1 2021, quarter or period under review).

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/07/naggin.jpg?itok=86gUgUR-
Colors' Naagin 5 will premiere on 9 August

MUMBAI: COLORS brings the fifth season of the fantasy fiction franchise Naagin 5. It will be presented by Dabur Amla Hair Oil.An illuminating exploration of the world of Naagin, the series will be fueled by hatred, revenge and unrequited love as the Sarvashresth Adi Naagin will return to avenge her...

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/07/prive.jpg?itok=Tx5whkNS
Korean action-comedy ‘Exit’ to premier on &PrivéHD

MUMBAI: When you feel you’re at an impasse in life, all it needs is the right drive and persistence to see it through the end. Exit,  Korean action-comedy film directed by Lee Sang-geun tells a story of how all things can momentarily change in the blink of an eye.

Television TV Channels English Entertainment
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/07/dil.jpg?itok=JP_VgXRV
Sushant Singh Rajput’s last film ‘Dil Bechara’ to be telecast on Star Plus

MUMBAI: After wooing the audience with super hits like Tanhaji: The Unsung Warrior and Lion King, Star Plus is all set to offer its viewers one more Superhit Movie Dil Bechara on 9 August at 8 pm. The movie is an adaptation of the bestselling novel The Fault in Our Stars, it tells the story of...

Television TV Channels Movie Channels
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/07/talg.jpg?itok=sEgieT7W
Zee Telugu to woo viewers with 'Hitler Gari Pellam', latest fiction launch

Encouraging viewers to brush aside the naysay attitude and cultivate a “Yes, I can do that!” belief is the focus of Zee Telugu’s next fiction offering, ‘Hitler Gari Pellam’. Premiering on August 17th, 2020, the show will air every Monday to Saturday at 6:30 PM only on Zee Telugu and Zee Telugu HD.

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/06/barc.jpg?itok=x5TN7C4p
BARC week 30: Regional GECs witness significant spike in viewership

NEW DELHI: In week 30 of BARC India ratings, regional GECs saw a spike in viewership across regions except for Oriya. The greatest spike was observed for the Tamil Market with 1035819 impressions, as compared to 847609 impressions in week 29. In the Malayalam market, Zee Keralam made a comeback...

Television TV Channels Viewership

Sign up for our Newsletter

subscribe for latest stories

* indicates required