media and entertainment in india monthly update may 2013

7/28/2019 Media and Entertainment in India Monthly Update May 2013

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Media and Entertainment

Sector in India

Monthly Update

May 2013



Media and Entertainment – Monthly Update

Top Story

DTH

operators

spells

hike

in

charges

by

over

10

percent

Riding on the digitization drive, direct‐to‐home (DTH) operators such as Dish TV and Tata

Sky have hiked their pan‐India tariff by over 10 percent.

This increase which spans across all packs and regions including South India has been

initiated after the second phase of digitization which started on 31st March covering 38 citieswith a population of more than 1 million. Dish TV has hiked its set‐top box prices twice in

February and with this increase in monthly subscription fees, it is expecting average revenue

per user to touch INR 180 next fiscal. Tata Sky has also increased its base tariff by at least 10

percent without making any formal announcement. DTH players argue that it was not possible to sustain high operating cost involved in DTH services and were forced to pass on

some part of service tax component to subscribers.

News Update

General Right to royalty lauded by eminent personality Indian Government’s efforts at passing the law securing the right to royalty of writers,

lyricists, singers, composers, musicians, directors and other such artistes have been lauded

by eminent poet, lyricist and film scriptwriter Javed Akhtar at an ASSOCHAM event.

He has said that ordinary musicians and writers have been able to convince the government

and other political parties regarding a new law that secures their basic right to royalty.Though then rules have been notified, he urged that most of the channels are looking at how

to avoid or marginalize this right which speaks of an unhealthy atmosphere. He also prodded

to create a healthy industrial society with a sense of equality and fairness.

Dish TV subscription revenues post 15% growth

Dish TV, India’s top direct‐to‐home (DTH) concern has posted a 15.3% year‐on‐year growthin subscription revenues at INR 5 bn.

Dish TV has reported a 6.5% year‐on‐year rise in operating profit for the quarter ended Mar

at INR 1.2 bn as also a 7.6% increase in standalone operating revenues at INR 5.55 bn. Afterreporting first full year of positive free cash flow this fiscal, its net loss for Jan‐Mar quartergot reduced to INR 0.43 bn against a loss of INR 0.49 bn a year ago. The concern has also

added 0.2 mn net subscribers in the Mar quarter thereby touching a total of 10.7 mn net

subscribers.




Sony launches ‘The Amazing Spider Man’ in Malayalam

Sony is launching a Malayalam version of the superhero movie ‘The Amazing Spider Man’ on

home video.

This forms a part fop the company’s plan to customize blockbuster Hollywood movies forregional audiences across India. Sony DADC, a Direct Licensing, Distribution & Marketing

Company of Home Entertainment content in India, has customized this Hollywood

blockbuster movie especially for the Kerala audience. However, difference in this concept liesin the fact that unlike other dubbed films this movie does not carry an exact translation of

English dialogues but is rather subjected to an apt script that incorporates plenty of local

flavors in order to appeal to the Malayali audience. Furthermore, Sony has also announcedtheir revolutionary new Sony Auto Play DVD format which offers a high definition cinematic

experience with superior picture and audio quality.

Oman looking

to

attract

filmmakers

as

a film

shooting

locale

Oman is actively promoting the country’s varied topography as an ideal location to shoot

films, predominantly the Indian film industry.

The Public Authority for Investment Promotion and Development (PAIPED) is planning to

position Oman as a destination for big budget Bollywood film shoots. It has also invited adelegation of six Hindi film personalities to have a look at the potential Oman offers in terms

of locations. A delegation of directors, screen writers and producers from Mumbai had

visited Oman to have a view of the exotic locations that would entice filmmakers to shoot

their films as Hindi film audiences continue to crave for exotic and new landscape in movies.

Radio Mirchi

grabs

13

awards

at

the

8th

IRF

Awards

India’s popular radio station Radio Mirchi 98.3 FM added 13 awards across the metro and

non‐metro cities and languages to its kitty which renders it to be the highest awarded radio

station of India.

Radio Mirchi had won 4 prestigious awards in the Programming category, while RJ Anant

and Saurabh’s Hi Delhi! won the Best Breakfast Programme/Show in Hindi, RJ Bharti’sCassette Classics won the Best Programme Broadcast After 11 am in Telugu. Mirchi’s

Chander Pahar and Mirchi Natak Mandali were announced as the Best Radio Programme in

Bengali and Best Radio Programme in Marathi respectively. Its engaging and popular jocksbagged 3 prestigious awards, making it the highest awarded radio station in the Talent

Category while RJ Dhamayanthi (Madurai), RJ Dhvanit (Ahmedabad) and RJ Bhushan(Nashik) went home with RJ of the Year. It also received 5 awards in the promotion and

marketing category.




News Update

Expansion Plans Andhra Pradesh to set up a GAME city

In lines with the trend of producing largest number of films in India, the government of

Andhra Pradesh has decided to make use of its latest technological innovations in the

country and thereby create skill development and employment opportunities for its youth.

The state’s minister for information technology and communications has stated that the

government is planning to unveil a GAME city which will serve as the hub for gaming,

Animation, Media & Entertainment in the country. The mission herein is to make Hyderabada new nerve center of gaming, video special effects (VFX) and animation and the government

has also introduced special policy for promoting the development of these activities in the

state. This city will be spread over 30 acres and its first phase will be having an area of 600,000 sq ft wherein young entrepreneurs and developers will have an opportunity of

taking even a single desk space. It will be a greenfield concept with an incubation tower of 11floors with first three floors with preview theaters of 250 and 100 seats each. This will help

in allowing young entrepreneurs to take advantage of equipment, software and other

miscellaneous facilities which otherwise can cost a lot.

India gets an 84 inch Ultra HD Signage for B2B purpose

LG Electronics has launched world’s first built‐in IPS panel 84 inch Digital Signage Display –LG 84WS70.

This product comes with a high resolution of 3,840 * 2,160 pixels and its built‐in panel is saidto enable people to see a brightly‐colored display even from wide angles. The LED screenboasts of having a ‘Smart Energy Saving’ function which reduces power consumption by 43%

compared to regular mode. LG 84WS70 also boasts of a hybrid type media player built‐inready making signage looking even slimmer and helping for a convenient maintenance.

Moreover, its local dimming technology helps it to control brightness in block units. The

display is also equipped with numerous connectors in the likes of HDMI 1.4 and display port

1.2 for native Quad full‐HD content. This product is slated to be beneficial for B2B consumersand the company is committed to offering comprehensive and indispensable technology

solutions with latest digital products and features customized for specific requirements of

commercial environments.

FOODFOOD focusing on international markets FOODFOOD, India’s leading food and lifestyle channel is now focusing on strengthening its

foothold in the international market.

The channel is launched in Qatar through Asia Plus package on the QTEL QATAR MosaicPlatform and forthcoming Fibre Platform. It has been available in UAE through e‐Vision IPTV

Platform since August 2011. Sanjeev Kapoor, promoter of the channel had stated that




demand for Indian recipes and a promise to provide everything related to food has spurredthe channel to focus on international markets. In India, in addition to key MSOs across the

country, the channel is available across all major DTH platforms in the likes of Videocon d2h,

Airtel Digital TV and Tata Sky.

Industry Expert Speak

Andhra Pradesh to set up a GAME city – Ponnala Lakshmaiah – Minister for Information Technology & Communications for Andhra Pradesh, “The city will be spread over 30 acres and its first phase will have an area of 600,000 sq.ft.

where young entrepreneurs and developers can take even a single desk space. The GAME city

will be equipped by the latest, state of the art equipment and all the requisite software

required for these activities that will allow our youth to launch directly into these activities,”

Transactions (Mar 2013 – May 2013)

Date Buyer Target Deal Size

(INR mn) % stake Deal Status

Type of

Transaction

8th May,2013

DEN Networks

Nomura, L&T

Mutual Fund, DBInternational,

Abu DhabiInvestment

Council

2710 N.A. Completed PE

11th Apr,2013

Morgan StanleyAsia Singapore

ErosInternational

Media171 N.A. Completed M&A

28th Mar,

2013

ZEEEntertainment Enterprises &

Asia Toady

MIrriAdAdvertising

N.A. N.A. Completed PE

8th Mar,

2013 Liberty Global Bharti Airtel N.A. 25% Expected M&A




Annual Financial Results – Revenue (INR mn)

Companies

FY ‘10

FY

‘11

FY

‘12

FY

‘13

3M India Ltd. 9,109.5 11,914.1 14,051.0 15,510.2

7Seas Entertainment Ltd. 71.0 136.3 230.9 124.9

Aksh Optifibre Ltd. 1,341.7 1,309.3 2,734.3 2,567.7

Bharat Sanchar Nigam Ltd. 279,134.4 270,447.1 N.A. N.A.

Bharti Airtel Ltd. 418,472.0 595,383.0 714,508.0 803,112.0

Cinemax Properties Ltd. 1,704.5 1,920.2 2,860.1 N.A.

Crest Animation Studios Ltd. 635.5 418.4 130.7 N.A.

DEN Networks Ltd. 9,103.4 10,217.9 11,295.2 9,140.5

Dish TV India Ltd. 10,850.0 14,366.6 19,579.3 21,644.7

Eros International Media Ltd. 6,408.8 7,069.7 9,438.8 10,679.5

Fame India Ltd. 1,697.0 1,964.6 2,261.2 N.A.

Hathway Cable & Datacom Ltd. 7,331.8 8,826.9 10,121.3 11,163.8

Inox Leisure Ltd. 2,536.5 3,703.2 6,448.6 7,091.0

Mahanagar Telephone Nigam

Ltd.37,175.2 37,459.5 34,415.3 33,646.0

Padmalaya Telefilms Ltd. 18.3 21.8 33.3 N.A.

Pentamedia Graphics Ltd. 540.3 259.7 127.0 N.A.

Prime Focus Ltd. 4,532.5 5,029.6 7,719.1 N.A.

PVR Ltd. 3,341.3 4,592.7 5,085.0 8,053.2

Reliance Communications Ltd. 214,963.8 227,199.7 203,120.0 192,940.0




Reliance Mediaworks Ltd. 7,150.7 7,920.7 8,174.5 7,350.3

Tata Communications Ltd. 110,255.6 119,319.9 141,960.5 172,129.5

UTV SoftwareCommunications Ltd.

6,640.5 9,295.1 N.A. N.A.

Videocon Industries Ltd. 118,099.6* 134,152.6* N.A. N.A.

* Change in Financial Year Ending

Annual Financial Results – Income (INR mn)

Companies FY ‘10 FY ‘11 FY ‘12 FY ‘13

3M India Ltd. 801.6 988.1 647.7 522.7

7Seas Entertainment Ltd. 6.3 12.7 31.7 ‐1.7

Aksh Optifibre Ltd. ‐131.4 ‐489.8 196.1 257.8

Bharat Sanchar Nigam Ltd. ‐18,226.5 ‐63,842.6 N.A. N.A.


Cinemax Properties Ltd. 169.7 54.5 35.1 N.A.

Crest Animation Studios Ltd. 2.6 ‐1,713.1 ‐199.9 N.A.

DEN Networks Ltd. 301.1 375.3 142.8 623.1

Dish TV India Ltd. ‐2,622.0 ‐1,919.9 ‐1,331.4 ‐660.1

Eros International Media Ltd. 821.1 1,172.4 1,478.4 1,545.3

Fame India Ltd. ‐63.3 9.0 ‐119.6 N.A.

Hathway Cable & Datacom Ltd. ‐801.0 ‐312.7 ‐491.8 157.0




Inox Leisure Ltd. 260.6 50.0 42.3 65.2

Mahanagar Telephone Nigam

Ltd.

‐26,104.0 ‐27,969.3 ‐41,041.5 N.A.

Padmalaya Telefilms Ltd. ‐4.9 ‐23.1 ‐93.1 N.A.

Pentamedia Graphics Ltd. 157.0 55.7 2.4 N.A.

Prime Focus Ltd. 334.2 760.9 992.5 N.A.

PVR Ltd. 13.5 81.8 254.1 445.0


Reliance Mediaworks Ltd. ‐1,280.3 ‐3,288.6 ‐5,721.7 7,030.0

Tata Communications Ltd. ‐5,977.4 ‐7,769.0 ‐7,946.5 ‐6,233.1

UTV SoftwareCommunications Ltd.

533.3 1,354.8 N.A. N.A.

Videocon Industries Ltd. ‐2,749.5* ‐13,637.7* N.A. N.A.

* Change in Financial Year Ending

Quarterly Financial Results – Revenue (INR mn)

Companies Apr-Jun

2012

Jul-Sep

2012

Oct -Dec

2012

Jan-Mar

2013

3M India Ltd. 4,078.8 NA 3,684.0 4,034.1

7Seas Entertainment Ltd. 69.1 34.3 12.5 9.0

Aksh Optifibre Ltd. 618.6 643.9 628.0 633.8


DEN Networks Ltd. 1,943.5 2,027.4 2,355.6 2,714.3




Eros International Media Ltd. 2,570.3 2,292.7 3,693.3 2,123.2

Prime Focus Ltd. 1,882.1 1,963.8 1,806.8 N.A.

PVR Ltd. 1,760.7 1,890.0 2,019.3 2,420.8


Tata Communications Ltd. 41,073.9 42,709.9 44,341.2 44,004.6

* Change in quarter

Quarterly Financial Results – Income (INR mn)

Companies Apr-Jun

2012

Jul-Sep

2012

Oct -Dec

2012

Jan-Mar

2013

3M India Ltd. 167.1 N.A. 31.7 210.9

7Seas Entertainment Ltd. 11.8 1.9 ‐14.3 ‐1.5

Aksh Optifibre Ltd. 105.2 62.9 64.5 25.2


DEN Networks Ltd. 122.3 155.8 150.9 173.3

Eros International Media Ltd. 314.1 260.8 652.0 317.9

Prime Focus Ltd. 209.8 95.4 ‐632.8 N.A.

PVR Ltd. 75.6 160.9 91.3 117.2


Tata Communications Ltd. ‐1,428.6 ‐2,742.4 ‐2,010.0 52.0

* Change in quarter




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media and entertainment in india monthly update may 2013

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