UTV Software Communications
BSE: 532619 | NSE: UTVSOF | ISIN: INE507B01022 | Media & Entertainment
- Directors Report
- Chairman's Speech
- Auditors Report
- Notes To Accounts
- Accounting Policy
- Finished Products
- Raw Materials
| Chairman's Speech | Year : Mar '09 |
2008 - 2009 has been a year of real tests with the economic slowdown baring its fangs across the globe. Only those organisations which have a structured model will emerge as the real winners in this meltdown. Our mantra of ‘Diversification’ has made our Company achieve stability in these times of turbulence. We believe the downturn is a blessing in disguise for our business and to the media and entertainment industry in India, in general. There was too much free equity flowing into the industry that was not making any businesses sense to work in. A correction in this has really been able to allow those people with strong business models to get back to business and not having to deal with the fluff. Also, the correction which would normally have taken two-three years to happen, which would have been a long wait, thus arriving earlier, has spared us the delay. Be the change you want to see in the world This statement of Mahatma Gandhi epitomizes what UTV has always stood for. Our company has believed in taking the first steps towards a new direction that has worked for the organization and for the industry as a whole. Whether it was actually giving India its first reality game show – ‘Saanp Seedhi’ many years back, pioneering the studio model in India, being the first in creating a bouquet of specialized channels to exploring a new talent pool in India with Spotboy – Being & therefore creating change is in UTV’s DNA. Diversify & Prosper While many media groups in India took a severe blow in the second half of this year due to high dependence on pure advertising revenues, I believe we have built a near non-replicable model which provides stability through inflection points for each of the businesses, and at the same time, tremendous scalability in creating IP’s that can deliver a global footprint. We have managed and will continue to strive towards delivering maximum value to every stakeholder of UTV. The year that was This recent Global correction has been constructive for companies with scalable and forward looking business models. Our company has stayed the course on all its investments in all its verticals and not cut back on anything as it is in line with our mid and long term plans. We also believe that from here on, for listed media companies there will be a lot more focus from investors and shareholders on the various models – the business model, the cost model, the growth model and the profitability model - and we believe UTV will stand out from the crowd on this. The past year was the first year of operation for three of our verticals - True Games, Broadcasting and New Media. In 2009 – 2010, with 4 entertainment channels, Broadcasting will continue to be in the investment mode. So will True Games, whereas New Media and our other Gaming subsidiaries are expected to be profitable. Next change 1 TV CONTENT - We will continue to innovate on the content and concept, and adapt to the requirements of the market 1 MOTION PICTURES - As we continue to build on our No.1 position, the Motion Pictures division is likely to record good growth, as its slate for the year is larger than what was in 2008 - 2009, both in terms of the number of releases and also the size of the movies 1 GAMES INDIA GAMES - Mobile Division will grow well and deliver, but we ntend to re-invest all of that to build the subscriber base for its online Games-on-Demand IGNITION - While we will continue to be aggressive on the publishing front, we will also take significant steps for the launch of our IP’s TRUE GAMES - With 2 new MMOG titles on the anvil, it’ll sure be a hectic first year BROADCASTING - Within a short time span, we have begun to carve a space for our specialized channels and will continue to work towards attaining better brand recall for each of our properties, and stay on track for being amongst the top 5 networks in the country NEW IDEA - We will continue to explore newer avenues in the digital space The propensity for our business verticals to grow is significant and we have positioned ourselves in domains that are extremely scalable. We need to remember that just because it’s different, it takes a while to be accepted, but its this different approach that delivers a leader Next Year, UTV would have been in existence for 20 years and we believe that the coming year will bear fruit for our work in progress of the last 2 years Warmly, Ronnie Screwvala |
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| Source : Religare Technova | |
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