wordpress blog stats
Connect with us

Hi, what are you looking for?

RBNL Q1FY12: Revenues Up 44% At Rs 75.2 Cr; Radio Div. Reports Profits Of Rs 2.3 Cr

Reliance Broadcast Network Private Limited which owns properties like BIG FM 92.7, BIG CBS, BIG Connect, BIG Street, BIG Live has posted revenues of Rs 75.2 crore for the quarter ending 30th June 2011. The Loss after Tax for this quarter stands at Rs 29.1 crore. According to RBNL, the company reported losses due to the expenses incurred due to the launch of television channels BIG CBS Spark and BIG Magic. - The radio broadcasting division remained EBITDA positive for the quarter at Rs 16.3 crore while posting a profit after tax of Rs 2.3 crore for the current quarter. It was the only profitable segment and witnessed a growth of  22% in revenues at Rs 49.5 crore. - Revenues from the intellectual property business grew by 33% to Rs 7 crore. - OOH business reported revenues of Rs 5.1 crore, an increase of 13% YoY. - Television production business reported revenues of Rs 15.7 crore. Highlights : - During the quarter, BIG 92.7 FM launched BIG Phataka League during the IPL - BIG CBS Spark- an English youth entertainment channel was launched during this quarter. - The company launched BIG Magic, a Hindi entertainment channel primarily meant for audiences in Uttar Pradesh, Madhya Pradesh, Bihar and Jharkhand. - Reliance Broadcast Network acquired BIG Productions, a business division focusing on content production for television channels from Reliance BIG Entertainment Private Limited. - The company announced a joint venture with European entertainment network RTL, part of the German multinational media company, Bertelsmann. It is…

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

Free Reads

News

"Without Google’s abuse of its dominant position, the media companies would have received significantly higher revenues from advertising and paid lower fees for ad...

News

Speaking to Medianama, founders of the concerned companies alleged Google was the one not in compliance with the Indian competition regulator's antitrust order.

News

According to reports, farmers have also informed that their phones are being put on surveillance, and that they are being notified by the police...

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

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

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