Gada, whole time director of the company, has been re-designated as CEO and Chief Financial Officer (CFO) of the company, Shemaroo Entertainment said in a regulatory filing.
Unleashing of broadband options has given a boost to new age media, says Hiren Gada, Wholetime Director & CFO of Shemaroo Entertainment.
The services would be offered free to the consumers for the first month, Shemaroo said, adding that post this period, these services will be available at different price points.
Shemaroo Entertainment has entered into a licencing tie-up with VuClip, a platform owned by PCCW of Hong Kong for contents syndication.
Shemaroo Entertainment reported a good set of first quarter numbers with a 18.6 percent rise in net profit to Rs 14 crore while the total income grew 23.6 percent to Rs 95.9 crore. EBITDA margin came at 31.1 percent in Q1.
Miniplex, which is still in its build up phase, will boost company's profits in FY18, says Hiren Gada, Wholetime Director & CFO, Shemaroo Entertainment.
Hiren Gada, director & CFO, Shemaroo Entertainment, is confident of company outgrowing media and entertainment industry.
Hiren Gada, Wholetime Director and CFO, Shemaroo Entertainment says the company's finance costs are likely to rise on the back of investment plans Shemaroo has.
Hiren Gada, Wholetime Director & CFO, Shemaroo Entertainment says any tie-up with Netflix will help company monetise content and will be margin accretive.
In an interview with CNBC-TV18, Shemaroo's wholetime director & CFO said the focus is on developing the new media business in the current year.
In an interview to CNBC-TV18, Hiren Gada, Wholetime Director & CFO of Shemaroo Entertainment, discusses the company's fourth quarter earnings and future outlook.
Shemaroo Entertainment's EBITDA margins have been in the range of 23-27 percent. Hiren Gada, whole-time director and CFO of the company says business on mobile platform have also been growing.
Brokerage houses advise subscribing the issue, citing growing content library through addition of new releases and catalogue acquisitions.
Shemaroo Entertainment‘s initial public offer opens for subscription today