Television
Report on Shemaroo

TV18 Broadcast reports Rs 115 crore Q2 net profit

The network's news business' advertising has fully recovered.

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2020/10/27/tv18-b.jpg?itok=hjin4CIQ

NEW DELHI: TV18 Broadcast Ltd has reported a net profit of Rs 115 crores for the quarter ended 30 September 2020, up from Rs 46 crore in the same quarter in the previous year.

The consolidated operating revenue for Q2 21 fell 10 per cent y-o-y and stood at Rs 1,013 crore against Rs 1,127 crore for the same period in Q2 20.

However, the consolidated operating EBIDTA grew by 56 per cent y-o-y to Rs 164 crore in Q2 21 against Rs 105 crore for the same period last year. Step-jump in EBITDA margins for both news and entertainment to healthy levels and H1 operating margins highest in four years despite Covid2019 drag; continue to improve y-o-y.

Ad-revenues have rebounded as economic activity resumed with the lifting of lockdowns. News business’ advertising has fully recovered, as viewership has settled at a higher level and entertainment recovery near-complete. However, the year-on-year revenue reduced to single-digits now.

Subscription revenues showed resilience and domestic subscription revenue has continued to rise. TV connections in commercial establishments and some low-end connections saw a temporary dip due to the pandemic; but multi-TV home connections have picked up. Distribution tie-ups across TV and digital continued to expand but international subscription witnessed pandemic-related stress.

Cost controls have been implemented since last financial year and were accelerated during the pandemic. Broad-based cost controls have been implemented across business lines, including renegotiation of contracts and reining-in all discretionary expenses. Working capital optimisation, a tight leash on debt, and softer interest rates has resulted in major savings in finance costs, boosting profitability.

Media consumption has settled at a higher plane in the face of receding Covid2019 impact. TV viewership had spiked to 1.5x of its usual levels at the beginning of lockdown, but has now settled at 1.1x as the economy gets unlocked. Digital media engagement too has received a smart fillip, across both news and entertainment. News genre has reverted to contributing eight per cent of TV viewership, vs 15 per cent during lockdown. Pay-TV has clawed back its share from free-to-air channels, as entertainment programming is back in full-swing.

TV18 chairman Adil Zainulbhai said, “TV18’s broadcasting businesses have recovered from the impact of the COVID-19 pandemic to a very large degree. Our proactive measures on cost-control have resulted in much-improved profitability across both news and entertainment, despite certain market segments still suffering from pressures due to the Coronavirus. We have ensured business continuity through rejigging processes, innovatively revived alternative revenue streams, and focusing on aligning content distribution strategy with market opportunity. As we head into the festive season, the underlying trends on both viewership and monetization are supportive.”

News bouquet (20 channels) was #1 by reach and had 8.7 per cent news viewership market-share.

Entertainment bouquet (Viacom18’s 34 channels + AETN18’s 2 infotainment channels) share of TV entertainment rose to 10.7 per cent from a low of 9.1 per cent in Q1. By and large, entertainment viewership has improved sharply, led by ramp-up of original content production and telecast which had been shuttered during lockdown. Ad monetization is fast catching-up, with increased volumes of advertising ahead of the festive season leading to improving yields as well. Hindi general entertainment has fully revived as national advertising has ramped-up, while regional entertainment is following with a lag.  

In the digital segment, Voot witnessed a significant improvement in MAUs as fresh content resumed. It enjoys the most loyal audience amongst broadcaster-OTTs, with average daily time spent per viewer of 52 minutes. The scale-up of the advertising-led section is driving a reduction in gestation losses.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/20/img_20042021_131706_800_x_800_pixel.jpg?itok=WM9_lh4i
Enter a den of crime with BBC World Service's ‘The Lazarus Heist’ podcast

NEW DELHI: BBC World Service is making its presence felt in the podcast domain with an original true crime series, The Lazarus Heist. It tells the true story of an attempted $1 billion hack, which investigators say was carried out by a secretive ring of elite North Korean hackers. While it could be...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/20/photogrid_plus_1618903126240.jpg?itok=ukOp0kv2
Saregama strikes long-term music deal with Sanjay Leela Bhansali

KOLKATA: It’s the confluence of two iconic entities in the Indian film and music industry. Saregama and Sanjay Leela Bhansali have now decided to collaborate, where Saregama has come on board as the music label for three forthcoming projects of the award-winning filmmaker. These projects will be...

Television TV Channels Music and Youth
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/20/nk.jpg?itok=VpRMWxN6
Dangal TV forays into kids genre with fantasy show ‘Nikki Aur Jadui Bubble’

School’s out and summer vacations are around the corner. Due to the second Covid wave tearing through the country, children have no choice but to stay cooped indoors. Like last year during lockdown, kids TV viewing is expected to rise again.

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/19/img_19042021_185601_800_x_800_pixel.jpg?itok=bndzTqoh
The Q India unveils summer 2021 line-up

MUMBAI: With summer vacations around the corner, The Q is all set to bring forth an array of animated original content with stories of the bravest heroes, most iconic villains, noblest kings and their treacherous enemies, the biggest battles and the most captivating conspiracies.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/19/img_19042021_185401_800_x_800_pixel.jpg?itok=INHIw-qz
Fever Network launched ‘Project Plasma’ – An initiative to encourage Plasma donation in the fight against COVID-19

As the new wave of COVID-19 grips India, we’re all fighting a tough battle to stay safe and help the ones in need. The front line workers, specifically the doctors & the hospital staff have been working day in & day out to provide the best medical care to the patients. As the daily virus...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/19/img_19042021_184336_800_x_800_pixel.jpg?itok=KzrgINC5
Zee Tamil launches its latest fiction show Chithiram Pesuthadi

MUMBAI:  Zee Tamil is known for its thought-provoking and compelling narratives which have gone on to become notable television classics. The channel is now set to launch yet another fiction show, to strengthen its original content in the afternoon time-band. The show will reflect Zee Tamil’s...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/20/oscars.jpg?itok=OAbjpFY7
Star Movies and Star Movies Select bring ‘Celebrating The Oscars' Festival

MUMBAI: Celebrating the true spirit of the Oscars for over 20 years, India’s one-stop destination for English movies, Star Movies once again amps up the entertainment quotient for its viewers ahead of the 93 Academy Awards. Keeping up with the enthusiasm and excitement, the ongoing ‘Celebrating The...

Television TV Channels English Entertainment
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/19/swa.jpg?itok=45bfrxjj
Robin Bhatt re-elected president of the Screenwriters’ Association

New Delhi: Film writer Robin Bhatt was unanimously elected as the president of the Screenwriters’ Association (SWA) for the second consecutive term, here on Monday.  Bhatt debuted as a writer in Bollywood with the movie Aashiqui in 1990 and has penned the screenplay for over 60 films in his 30-year...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/19/kb.jpg?itok=xB0z6vTz
Star India retains media rights for Pro Kabaddi League

Star India’s association with the Pro Kabaddi League (PKL) is set to continue as it has retained the League's media rights for the next five seasons (2021-2025).

Television TV Channels Sports

Sign up for our Newsletter

subscribe for latest stories

* indicates required