Posted on: 27/06/2017 08:31 AM
ZEEL chairman Subhash Chandra defines the value proposition of the company as the ‘A to Zee of content leadership’. A testimony to Chandra’s assertion is that the company’s revenue and EBITDA have grown by 16% and 21% CAGR respectively over the last five years. Revenue has grown to Rs 6,434.2 crore in FY17 while EBITDA margin is at 29.9%.
Posted on: 20/06/2017 09:01 AM
MIB grants 37 new MSO licences between 9 May and 11 June. It also cancelled/closed 13 MSO registrations due to incomplete applications and missing documents.
Posted on: 20/06/2017 08:30 AM
GTPL Hathway, which is raising Rs 480 cr via IPO, and Patna-based Darsh Digital Network are in advanced talks to form a 50:50 JV to expand in the Bihar market. Talks are also on to stretch the JV to the Jharkhand region.
Posted on: 16/06/2017 09:07 AM
DTH companies, which paid Rs 1,300 cr as entertainment tax in FY17, are expecting the burden to lighten after GST comes into force. The sector could save Rs 700 cr in lieu of tax. But a spoke in the wheel could appear in the form of local bodies coming out with ET.
Posted on: 15/06/2017 08:55 AM
Doordarshan has sold two vacant slots on its free DTH platform Freedish to English news channel NewsX and Hindi movie channel RT Movies on pro rata basis for Rs 8 crore each. NewsX is the first English news channel on the Freedish platform, which has mostly Hindi-language channel and a few Marathi channels.
Posted on: 13/06/2017 09:51 AM
GTPL Hathway has cut the size of its IPO by 20%. The promoters strategically decided on 25% dilution rather than 30%. The issue size is Rs 480 cr, down from the initial plan of raising Rs 600 cr. IPO price is Rs 170 in the upper end and Rs 167 at the lower band.
Posted on: 13/06/2017 09:18 AM
Astro wants to exit NDTV Lifestyle Holdings, the company which runs NDTV Good Times. NDTV, however, has declined to exercise the option to buy back Astro’s stake.
Posted on: 12/06/2017 08:50 AM
ZEEL is planning to shut down Zee Salaam to allow ZMCL to launch it as an Urdu news channel. The launch is on 1 July.
Posted on: 12/06/2017 08:44 AM
Sun Direct has capex plan of Rs 1,475 cr for next 3 financial years. Out of this, intent is to have debt funding of Rs 450 cr during FY18–FY20. Future capex is expected to be supported through internal accruals and debt, with no further dependence on promoters’ contribution.
Posted on: 06/06/2017 09:37 AM
MIB grants 4 TV channel licences in May after failing to grant a single one in April. There are currently 882 permitted TV channel licences in India, including 391 news channels and 491 non-news channels.