Broadcaster Sun TV has reported revenues of Rs 760.83 crore for the quarter ended June 2016, up 10% from Rs 689.45 crore in the same quarter last year. Sequentially, the company's revenues grew 33.31% from Rs 570.68 crore. Subscription revenues were up 22% year-on-year to Rs 232.13 crore. DTH subscription revenue increased 16% over the same quarter last year while cable TV revenues grew 37% from the same quarter last year. Sun TV has not provided absolute figures for cable TV and DTH subscription. It also hasn't segmented out revenues from advertising this quarter. Sun TV’s advertising revenue went up 2% year-on-year to Rs 298.35 crore in Q3 FY16. EBITDA was up by 7% at Rs 436.43 crore as compared to Rs 406.93 crore in the same quarter last year. The proﬁts after tax for the quarter was up by 19% at Rs 233.06 crore, as against Rs 195.82 crore for the corresponding quarter last year. Income from IPL franchise 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. This quarter, income from the IPL franchise stood at Rs 144.04 crore an increase of 49.19% from Rs 96.55 crore in the same quarter last year. Expenses for the franchise stood at Rs 175.84 crore which increased 14.8% in the same quarter last year. Investment in radio Sun TV revealed…
- Google agrees to pay news publishers in Canada December 1, 2023
- Court Watch: Tech Policy Cases India’s Courts Are Hearing this December December 1, 2023
- Digital India bill to be released post elections: IT Minister Rajeev Chandrasekhar says November 30, 2023
- How Will India’s Draft Broadcasting Services Regulation Bill Impact News Platforms? November 30, 2023
- Video: Briefing on the Impact of Draft Criminal Laws on the Digital Ecosystem November 30, 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...