wordpress blog stats
Connect with us

Hi, what are you looking for?

UTV Software Reports Operational Profit; Indiagames Gets Etisalat WAP Deal

UTV Software's gaming company Indiagames has won its first "Master Service Provider" contract for entire WAP deck management, including games, imagery and music for Etisalat DB, which will be launching services shortly. As a part of its earnings announcement for the quarter ending September 30th 2009, UTV also disclosed that Indiagames has launched, on its Games On Demand platform, a website for Download to Own games, which will be launched commercially in the current quarter. Details: Financials | Release | Call (None) Consolidated Results UTV reported consolidated operating revenues of Rs. 2376.7 million, up 39% y-o-y from Rs 1,709 million. Compared to an operational loss reported for the same quarter last fiscal, UTV has reported an operational profit of Rs. 181.04 million, as compared to a a loss of Rs. 94.05 million for the same quarter last year. On the broadcast front, UTV increased its holding in UTV Global Broadcasting by 10% by September 30th 2009. UTV owns 85% of the equity share capital of UGBL. Gaming The gaming segment, which includes Indiagames, Ignition Entertainment and True Games, contributed 25% to UTV Software's revenues during Sep09. After posting an EBITDA loss of Rs. 96.41 million last quarter, the gaming segment reported an EBITDA profit of Rs. 98.91 million, with revenues up 392% sequentially and 167% year on year. One must keep in mind that the gaming business is akin to the films business, wherein revenues and hence profitability might be lop-sided. Indiagames -- Indian Market: Indiagames released over 50 games in the Indian market during the quarter…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ