wordpress blog stats
Connect with us

Hi, what are you looking for?

Sun TV revenues up 4% to Rs 598.72 crore for Q3 FY16

suntv

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, it was reported that Sun TV would be investing Rs 405 crore to acquire movie rights for satellite broadcasts. The move was expected to strengthen Sun’s existing library of 11,000 titles.

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

Views

News

By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....

News

By Anand Venkatanarayanan                         There has been enough commentary about the Indian IT...

News

By Rahul Rai and Shruti Aji Murali The Indian antitrust regulator, the Competition Commission of India (CCI) has a little more than a decade...

News

By Stella Joseph, Prakhil Mishra, and Surabhi Prabhudesai The recent difference of opinions between the Government and Twitter brings to fore the increasing scrutiny...

News

This article is being posted here courtesy of The Wire, where it was originally published on June 17.  By Saksham Singh The St Petersburg paradox,...

You May Also Like

News

Info Edge (India) Limited, the parent company of subsidiaries such as Naukri.com and Jeevan Saathi, on Monday announced its results for the fourth quarter...

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