Once the merger with Network18 is fully approved by the Ministry of Information and Broadcasting (MIB), both E18 and TV18 will cease to exist as separate entities
A day after Reliance, Viacom18 and Disney announced a mega joint venture, RIL traded firm, while shares of TV18 group hit the 5% lower circuits. Here's a quick chart check.
TV18 Broadcast Ltd on Tuesday reported a consolidated net loss of Rs 55.83 crore for the third quarter that ended on December 31, due to investments made on the sports and digital segment. The company had posted a net profit of Rs 37.81 crore in the October-December period of the preceding fiscal, TV18 Broadcast said in a regulatory filing. Its consolidated revenue from operations was also down 5.17 per cent to Rs 1,676.19 crore, compared to Rs 1,767.71 crore in the corresponding quarter a year ago. "Consolidated revenue for the quarter declined 5 per cent YoY to Rs 1,676 crore, primarily due to lower Movie Studio revenue," said an earning statement from TV18 Broadcast. TV18 Broadcast's total expenses were up 5.2 per cent to Rs 1,907.28 crore in the December quarter. However, its total income, which also includes other income, in the December quarter was marginally up at Rs 1,841.32 crore. "News network maintained strong market positions across genres and continued to deliver ...
SJVN, Tata Teleservices (Maharashtra) and TV18 Broadcast may rise 50 per cent on resilient charts
TV18 Broadcast Ltd on Tuesday reported a 51.94 per cent increase in its consolidated net profit at Rs 91.20 crore in the April-June quarter, led by a phenomenal performance by its OTT platform JioCinema during IPL cricket league. The company had posted a net profit of Rs 60.02 crore in the April-June period of the preceding fiscal, TV18 Broadcast said in a regulatory filing. Its consolidated revenue from operations was up over two folds to Rs 3,176.03 crore compared to Rs 1,265.05 crore in the corresponding quarter a year ago. "Consolidated revenue for the quarter grew 151 per cent YoY, driven by the performance of IPL on JioCinema," said TV18 Broadcast in its earnings statement. Its OTT streaming platform JioCinema has set new benchmarks of scale and engagement with the first season of IPL, marking an "inflection point" for both viewers and advertisers. However, it also added advertising environment for its other business continues to be 'soft with improvement' in some pockets.
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Media firm TV18 Broadcast Ltd on Monday reported a 91.09 per cent decline in its consolidated net profit at Rs 19.66 crore in the fourth quarter ended on March 31, 2023, on account of a fall in advertising revenue. The company had posted a net profit of Rs 220.85 crore in the January-March period of the preceding fiscal, TV18 Broadcast said in a regulatory filing. Its consolidated revenue from operations was down 6.03 per cent to Rs 1,405.90 crore compared to Rs 1,496.22 crore in the corresponding quarter a year ago. TV18 Broadcast's total expenses were at Rs 1,413.49 crore, up 10.48 per cent in the March quarter of 2022-23 compared to the year-ago period. TV18 Broadcast, a subsidiary of Network 18 Group, owns and operates several news and current affairs channels, which include CNN News18 and a host of general entertainment channels like MTV, VH1, Nickelodeon and Colors. During the quarter, its associate Viacom18 completed the transaction for strategic partnership with Reliance,
New Delhi Television (NDTV), Dish TV, Sun TV Network, and Zee Entertainment outperformed the indices over the last six months by surging between 18 per cent and 95.5 per cent
Media firm TV18 Broadcast Ltd on Tuesday reported a 95.55 per cent decline in its consolidated net profit to Rs 10.28 crore for the second quarter ended September 30, 2022. The company had posted a net profit of Rs 231.40 crore for the July-September period of the previous fiscal, TV18 Broadcast said in a regulatory filing. However, its consolidated revenue from operations rose by 12.65 per cent to Rs 1,473.43 crore compared to Rs 1,307.90 crore in the corresponding quarter a year ago. TV18 Broadcast's total expenses were at Rs 1,485.95 crore, up 34.59 per cent from Rs 1,104 crore earlier. According to the company, economic sentiment remained weak during the quarter with high inflation posing a challenge for companies, especially in the FMCG sector. During the quarter, brands held back advertising spends on new product launches and sustenance campaigns due to these headwinds. Advertising spends by startups and e-commerce players also declined due to the difficult fund-raising ...
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Its consolidated revenue from operations rose by 9.53 per cent to Rs 1,265.05 crore during the quarter under review compared to Rs 1,154.98 crore in the corresponding quarter a year ago.
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Network18 Media & Investments on Tuesday reported 58.1 per cent year-on-year surge in its consolidated net profit to over Rs 61 crore during Q4FY22.
Reliance and Viacom18, on Wednesday, announced a strategic partnership with Bodhi Tree Systems to form one of the largest TV and digital streaming companies in India
Dish Tv too has bounced back from its major support level and can gain up to 8 per cent. Nazara Technologies, however, looks weak.
As on December 31, 2021, Rakesh Jhunjhunwala's wife Rekha Rakesh Jhunjhunwala held 25 million or 1.46 per cent stake in the company.
TV industry saw an all-time high advertising volumes in the third quarter driven by strong consumer demand, increased spending by existing brands for a higher share of voice.
Media firm TV18 Broadcast Ltd on Tuesday reported a 17.4 per cent drop in its consolidated net profit to Rs 311.55 crore for the third quarter ended December 2021.
In the past three months, the market price of the company has more-than-doubled as against a 0.56 per cent rise in the Sensex.
The war of words between Invesco and ZEEL shows that minority shareholders were not in the loop about the acquisition talks till Tuesday