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Cable TV and broadband service provider Hathway Cable and Datacom has partnered with over the top (OTT) platform YuppTV to provide offer live TV and on-demand entertainment content to their customers.
Hathway’s capex for cable TV and broadband biz will be in the region of Rs 270 crore in FY18. Cable TV will not require much of further capex as Hathway has deployed STBs in Phase IV of DAS.
As a special promotional offer, the service is available to all Hathway subscribers free till 23 September. Post the offer period, the channel will be available at Rs 30 per month.
Out of total revenue of Rs 236.5 cr in Q1, Hathway Digital’s placement income was Rs 70.2 cr. Subscription rev was Rs 132.5 cr. Pay channel cost was Rs 135.2 cr. Hathway Cable & Datacom’s subscription rev from broadband was Rs 129 cr. Broadband ARPU fell QoQ to Rs 730.
Hathway Cable & Datacom has launched two new add-on subscription services, ‘Play My Play’ and ‘Hare Krsna’, for Rs 40 and Rs 25 per month, respectively.
Hathway Cable & Datacom has said that the consideration amount for the transfer of its cable TV biz to a wholly-owned subsidiary, Hathway Digital, is Rs 302 cr. Consolidated net loss narrows to Rs 192.94 cr in FY17 from Rs 237.68 cr a year ago. Pay channel cost increases 8.78% to Rs 471.69 cr.
Hathway Cable & Datacom intends to invest up to Rs 1,000 crore in the next three years to expand its broadband business. Out of this, the investment in South India will be around Rs 500 crore The company is expecting to add one mn broadband subscribers during this period.
Hathway completes transfer of cable TV biz to wholly owned subsidiary, Hathway Digital. Broadband biz remains in parent company.
SPNI CEO NP Singh is clear that Sony BBC Earth will be a top-3 player in the infotainment space within a year of launch, both in terms of revenue as well as viewership share. “We have the content and the distribution strength,” he says.