Television

Roy floats NDTV Ventures for entertainment channel, new media expansion

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/05/30/Untitled-1_28.jpg?itok=MVxFdD_C

NEW DELHI: The Prannoy Roy-promoted NDTV Ltd, which today reported a 27 per cent year-on-year (YoY) growth in revenues for the quarter ending September 30, announced formation of NDTV Ventures to start a slew of TV channels, including a Hindi general entertainment channel.
NDTV figs for FY 06 ended March '06
Total income: Rs 1941.48 million
Profit after tax: Rs 199.12 million
Unveiling the future course of expansion, top honchos of NDTV said it is to take the company revenue up to $ 500 million in five years; focus on triple play and make NDTV a global Indian media brand.

NDTV Ventures, a 100 per cent subsidiary, has been formed to undertake major expansion in non-news segments as well as aggressively push new media propositions.

“Every three to four years we take a leap, consolidate our position and then again move ahead,” is how NDTV chairman Prannoy Roy explained the philosophy behind the latest expansion model during an interaction with journalists today evening after a company board meeting.

“The new model is based on an entrepreneurial management structure aimed at attracting and rewarding the best global talent in the business, including the large talent bank within NDTV. The model will help streamline existing operations and make them more cost efficient,” Roy said in a year when quite a few media companies like Television Eighteen and Zee Telefilms have undertaken corporate restructuring to chart out new expansion plans.

Though no time frame was given, Roy also said that the company plans to start “soon” four city-centric English infotainment channels called NDTV Metro Nation.

The new model envisages having NDTV LTD as the parent entity with news and non-news operations under it as separate subsidiaries. Each of the subsidiaries will have a number of verticals, NDTV’s chief executive for growth and strategy Vikram Chandra said.

The non-news forays would be undertaken by NDTV Ventures (in the process of being formally incorporated) and will have under it the entertainment and new media divisions.

NDTV New Media, in turn, will have NDTV Convergence (Internet initiatives), NGen (media process outsourcing) and NDTV Labs under its umbrella. According to Chandra, NDTV Labs, which will develop in-house broadcast technologies for sale to proposed clients, has already closed its first deal.

The corporate model for NDTV Ventures, which will incubate and operate focused verticals, will permit investments by strategic and financial partners in individual verticals apart from NDTV Ventures itself.

If that was not enough, NDTV has also acquired for the rights of Indian boxing fixtures for the next 10 years.

This, in a nutshell, marks out the route the Roys and associates are taking to expand regionally as well as globally. The new growth model would enable NDTV to raise funds for its future businesses beyond news, Roy said, adding that an IPO of NDTV Ventures is “one of the options before us.”

NDTV MAINTAINS OPTIMISTIC OUTLOOK

The company’s board, which approved the new growth plans, also approved the Q2 financial results.

The company declared net profit at Rs 37 million on revenues of Rs 545 million. Revenues in the previous corresponding quarter stood at Rs 430 million.

The company added 78 new clients and 172 new brands to its advertiser base this quarter.

The current quarter’s expenses include the costs attributable to certain initiatives for generating new income streams in the future. Some of the operating loss of Rs 33 million has been incurred in building new businesses.

On the revenue front, the company said the second half of the year is expected to be far more buoyant with revenues in the news business expected to grow at a robust 30-35 per cent.

Going forward, the company expects top line growth to accelerate, with substantial contribution from new business initiatives.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/30/arnab.jpg?itok=_Ea1zRkA
NBF decries efforts to stop BARC ratings, seeks MIB help

MUMBAI: News Broadcasting Federation (NBF) has sought the urgent intervention of union information and broadcasting minister Prakash Javadekar to prevent vested interests from stopping the publication of TV ratings. NBF president Arnab Goswami has said in a letter addressed to the minister that...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/30/vaicom18.jpg?itok=iICrvyK9
Viacom18 announces financial aid to production workers

MUMBAI: In the wake of the fast-spreading Covid-19, Viacom18 will financially support all daily-wage earners engaged with the production of all its original content across India, said a company release. The company will now make select content available for public broadcaster Doordarshan’s viewers...

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/30/ipl.jpg?itok=Ygh_ENcA
IPL 2020 on the brink of cancellation

As the pandemic Covid-19 keeps spreading unabated, the hope of even a delayed Indian Premier League (IPL) 2020 is fading away. Even as the BCCI has been tight-lipped about the richest cricket tournament in the world, a report in Indian Express says that the entire event is likely to be cancelled.

Television TV Channels Sports
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/30/99.jpg?itok=jemZB1Ij
Advertisement on regional channels grew by 13 per cent in 2019

Regional channels are witnessing an astounding growth rate in recent times. In 2019, regional channels received 13 per cent more advertising compared to national channels. As per the recently-released FICCI-EY report 2019.

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/28/corona_0.jpg?itok=AhSBV0h3
News broadcasters seek advertising support to manage increased Covid-19 coverage

MUMBAI: News broadcasters are leading the battle against COVID-19 and have emerged as the most essential source of news and information during the lockdown. Now, they are seeking support from the media fraternity in terms of advertising.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/28/kantar.jpg?itok=pnf7RHeW
Overall increase in media consumption on account of COVID-19: Kantar study

MUMBAI: As the world struggles with the COVID-19 pandemic, there has been an increase in media consumption across all in-home channels, says a study by data, insights and consulting company Kantar. The study finds that WhatsApp is the social media app that has experienced the greatest gains in...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/28/ibf.jpg?itok=qXgWMHn4
Sony Pal, Star Utsav, Zee Anmol, Colors Rishtey free to viewers for two months

MUMBAI:  Four leading broadcasters have come forward to waive off all tariffs and charges for a period of two months, informed the Indian Broadcasting Foundation (IBF). Sony Pal, Star Utsav, Zee Anmol and Colors Rishtey will be available to all the viewers.

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/28/sony-sab.jpg?itok=PDhIcIC1
BARC week 11: Sony SAB holds pole position in urban and pay platforms

Sony SAB led the urban market and pay platforms in week 11 of BARC India ratings. The channel also moved up from fifth position in the last week to fourth position this week. The channel's leading show Taarak Mehta Ka Ooltah Chashmah has garnered 6610 weekly impressions (000s) in the urban market...

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/28/zee.jpg?itok=9YMLJ6KX
BARC week 11: Zee Biskope leads in Bhojpuri market

In the regional space of week 11 of BARC India ratings, Zee Biskope grabbed the leading position in the Bhojpuri market. The channel jumped from third position to first. Zee's other regional channel Zee Punjab is also leading in the Punjabi market this week.

Television TV Channels Viewership

Sign up for our Newsletter

subscribe for latest stories

* indicates required