Network18’s broadcasting subsidiary TV18 Broadcast has posted a net loss of Rs 0.04 crore for the quarter ended June 30, 2015 (Q1-FY16), as opposed to a net profit of Rs 95.47 crore in the previous quarter and a net loss of Rs 154.5 crore in the same quarter last year.
The company reported total operational revenues of Rs 596.7 crore for the quarter, down 5.29% from Rs 629.7 crore in the previous quarter and up 13.07% from Rs 527.7 crore in the same quarter last year.
Media operations vs Film production
Revenues from the media operations business fell 10.01% to Rs 566.31 from Rs 728.94 crore in the previous quarter. On the other hand, revenues from TV18’s film production & distribution business shot up to Rs 52.6 crore from Rs 4.8 crore in the preceding quarter and from Rs 14.31 crore in the same quarter last year. The film and distribution revenues represented 8.5% of the total revenues this quarter compared to 0.8% in the preceding quarter
It’s worth noting that TV18 had stopped disclosing financial information pertaining to its news business and entertainment business from Q2-FY15. There is also no information on how IndiaCast or its infotainment business (AETN-18 India) performed during the quarter.
– The company said that MTV garnered a viewership of over 4 million during the quarter. ‘Roadies X2’ was one of the top 3 shows in the youth genre. Mtvindia.com attracted 17 million monthly visits and over 30 million page views during the quarter. MTV India App had over 330,000 downloads.
– MTV Indies website touched 1 million unique visits during the quarter while the Indies App received over 230,000 sessions across Android and iOS.
– During the quarter, CNN-IBN said it will be losing its prefix as it ends its 10-year brand licensing deal with Turner Broadcasting System. Both the companies mention this is not a breakup but instead a mutual agreement to not renew the brand licensing agreement.