Television

TV18 net profit up by 40% in Q3 FY 20

The consolidated operating revenue stood at Rs 1,425 crore in Q3 FY20

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2020/01/15/Adil_Zainulbhai.jpg?itok=5BOgSH8e

MUMBAI: TV18 Broadcast has reported a 40 percent year-on-year (YoY) growth in its consolidated net profit at Rs 205.16 crore for Q3 FY19 from Rs 146.96 crore in the previous year.

Its consolidated operating revenue stood at Rs 1,425 crore in Q3 FY20 against Rs 1,275 in Q3 FY19. TV18 chairman Adil Zainulbhai said, “Our emphasis on delivering value to the consumer, expanding the partner ecosystem and raising profitability were the primary milestones during the past quarter.”

He further said, “Amidst a difficult ad-environment and continued regulatory flux, the rise in rankings for flagship channels is a positive indicator for the future. We are constantly adjusting our programming and business model for the continual technology, consumer and regulatory changes in the business.”

The company continues to benefit from linear TV subscription benefits by witnessing 40 per cent YoY revenue growth in Q3. “Implementation of the NTO (New Tariff Order) has created a transparent and non-discriminatory B2C regime, which continues to boost our TV subscription revenue. Improved distribution tie-ups across cable and telcos have brought the consumer closer to our class-leading content bouquet at an affordable optimum price,” it said in its financial release.

In line with its strategy of being platform agnostic, the group stitched multiple partnerships with notable digital platforms for serving their users a discerning selection of our content.

“The prevalent weakness in macro-environment and sluggish spending appetite by advertisers continued to drag ad-revenue down YoY for both news and entertainment. Shift of channels from DD Freedish to pay ecosystem continues to impact Hindi GEC ad-revenues for all the top broadcasters. Government initiatives to boost growth and a natural refresh-and-recalibration of ad-budgets should revive ad-growth as we head towards the new fiscal,” the company said.

It further informed, “Kids edutainment product Voot Kids progressed to a commercial launch with promotional plans. Voot’s freemium version with offerings like digital-exclusive and digital-first broadcast content as well as original content behind a pay-wall is slated to be launched soon.”

TV18’s Q3 average viewership share in news was 10.2 per cent, down from 10.9 per cent in Q2.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/04/dd.jpg?itok=YOSQD1Um
I&B minister Prakash Javadekar launches DD Assam channel

NEW DELHI: Information and broadcasting minister Prakash Javadekar today launched DD Assam 24X7, digitally. During the launch, Javadekar said, "We are elated to do this launch. It is a great gesture for the state of Assam, which sends the message of unity in diversity." 

Television TV Channels Terrestrial
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/04/pho.jpg?itok=AqXutG9S
POGO partners with Tinkle to launch e-comic series of its new animated show Titoo

MUMBAI: In an exclusive partnership with iconic kids magazine Tinkle by Amar Chitra Katha, POGO brings to its fans the comic book version of its all-new animated show Titoo-Har Jawaab Ka Sawaal Hu. The digital comic adaptation of the show was launched on Monday, August 3. Kids and parents can...

Television TV Channels Kids
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/04/tined.jpg?itok=tx_D5mER
Times Network launches India Revival Mission; sets the agenda to revive Indian economy from the impact of COVID-19

Mumbai: The Covid-19 pandemic has adversely affected businesses across sectors and it's vital to plan the revival of the economy and put business community back to economic certainty. Driving this agenda, Times Network, India's premium broadcast Network launches India Revival Mission (IRM), a mega...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/04/nres.jpg?itok=-hdcBcwm
News18 Network lines up extensive programming for the foundation laying of Ayodhya Ram Mandir

NEW DELHI: News18 Network has announced extensive programming, including comprehensive mythology-based shows, debates, shows on the history of Ayodhya, stories around important places and temples in the city, and special segments on the structure of the proposed temple, for the foundation laying of...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/04/gh.jpg?itok=N-vwEJ6Q
GRB Studios Takes Premium Factual Entertainment to Audiences Around the Globe

MUMBAI:  GRB Studios  International sales and Operations  executive vice president Hud Woodle had announced multiple deals for its top performing factual entertainment programs, with a large volume deal for LatAm with Pluto TV. Deals were also recently completed in Germany, with ProSieben and...

Television Production House Fiction
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/04/zee.jpg?itok=27lR-m4p
Celebrate Krishnashtami with Zee Telugu’s ‘Krishna Krishna’ on 9th August

In an effort to lighten the impact of the surging COVID-19 pandemic in the Telugu states, Zee Telugu celebrates in the holy month of Sravana with the telecast of Krishna Krishna this Sunday. A day that witnesses the devotees form human pyramids to break the dahi handi can now honor this festive day...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/04/avinash.jpg?itok=8Y4wWMpa
"Outdated measurement system promoting dramatic reporting on news channels": ABP Network’s Avinash Pandey

NEW DELHI: Recently, Indiantelevision.com came out with a story on the aftermath of the untimely demise of Bollywood actor Sushant Singh Rajput and the media circus that followed sharing crucial details of his reported suicide. While many attributed it to the constant race to gain TRPs, some...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/04/Anil_Wanvari-Markand_Adhikari.jpg?itok=-UCMFKtU
"India is not yet developed to venture into TV pay model": Sri Adhikari Brothers' Markand Adhikari

15 September 1959 saw a small transmitter and a makeshift studio in a corner of Delhi give birth to terrestrial television. Decades later in 1990, India saw the arrival of private television channels. When saas-bahu dramas ruled, SAB TV is credited for putting a smile on the face of the Indian...

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/03/ipl.jpg?itok=3A0Srzdl
IPL governing council clears UAE as venue; Vivo as sponsor

So, the Indian Premier League is moving to the UAE after all. All that it awaits is the official government go-ahead, which is likely to come in the next couple of days or so.  The IPL’s governing council green signaled the holding of the world’s most premium cricket tournament in the UAE on Sunday...

Television TV Channels Sports

Sign up for our Newsletter

subscribe for latest stories

* indicates required