Sun TV Network Ltd’s revenues increased 5.39% to Rs 598.72 crore for the quarter ended December 31, 2015 from Rs 568.09 crore in the last quarter. The revenues were up by 4% from Rs 575.03 crore in the corresponding quarter last year. For this quarter, Sun TV’s advertising revenue went up 2% year-on-year to Rs 298.35 crore. On a sequential basis, the advertising revenues were down 1% from Rs 301.37 crore. DTH subscription revenues were up 14% year-on-year to Rs 150.88 crore. On a sequential basis, DTH revenues decreased 23.57% from Rs 197.42 crore. During the quarter, the EBITDA was up by 3% at Rs 440.44 crore as compared to Rs 427.80 crore in the same quarter last year. The proﬁts after tax for the quarter was up by 1% at Rs.215.59 crore, as against Rs 214.14 crore for the corresponding quarter last year. The network currently operates satellite television channels across four languages – Tamil, Telugu, Kannada, and Malayalam. It also operates FM radio stations across India, and owns the SunRisers Hyderabad franchise in the IPL which it had won for an amount of Rs 85.02 crore per year, in October 2012. Other developments - Sun TV's board said that they examined a buyback of shares and decided it would not pursue the same for the time being. – During the quarter, video streaming platform HOOQ expanded its library and signed a multi-year deal with Sun TV. According to the deal, HOOQ will carry Sun TV’s library that includes a mix of films in Tamil, Telugu, Malayalam and Kannada. – In August,…
- ONDC September Round-Up: AI, grievance redressal, financial services, Google, exports, and more September 30, 2023
- ‘The Liver Doctor’ X account suspended following defamation case by Himalaya Wellness Corporation September 29, 2023
- Bombay HC to Pronounce Judgment on Fact Check Amendment on December 1st, Stay on Notification to Continue Until Then September 29, 2023
- Here’s how web publishers can opt out of Google crawlers scraping website data to train AI models September 29, 2023
- Parliament Standing Committee Calls For A Monitoring Group To Check Technological Readiness For Digital Education Projects September 29, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
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...
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?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...