With an extensive presence across languages in both TV and Digital domains, the merger is poised to empower Network18 to consolidate and expand its business from a robust position
Digital news business of TV18 and Network18, that include brands such as moneycontrol, firstpost, cnbctv18.com and news18.com, also saw a 20% increase in revenue.
Viacom 18’s digital-focused strategy is already paying rich dividends with IPL’s first weekend viewership on JioCinema crossing the digital viewership recorded in the entire season last year. The platform set several new records with 2.5 crore+ app downloads in a single day, 147 crore video views on the opening weekend and a peak concurrency of 1.6 crore for the first match.
The company had posted a net profit of Rs 162.44 crore for the April-June period of the previous fiscal, TV18 Broadcast said in a regulatory filing.
Viacom’s IPL digital rights win also provides an exceptional opportunity for advertisers to reach a larger, younger, more relevant and highly-engaged audience.
A concerted thrust on original content production in the entertainment segment, a resilient TV news business and tight cost controls boosted operating performance.
Network18 Group Managing Director Rahul Joshi to oversee Viacom18’s operations
News18 India's 'Aaj Ka No. 1' campaign is proving to be different things to different people.
Brand and content licence agreement extended by 10 years; TV18 and Viacom reaffirm commitment to grow JV.
CNBC-TV18 has toppled even the general news channels. I think it has done exceedingly well this year, said Rahul Joshi, CEO-News, TV18.
Both parties embark on this new chapter with a determination to refresh CNN IBN and provide a credible, non-partisan service that will deliver the latest news about local affairs and an Indian perspective to international developments
In an interview to CNBC Awaaz, Network18 Group CEO B Sai Kumar says with two Union Budgets next year— one hopefully in July-August and the other in February — TV channels are poised for growth.
On Monday TDSAT disposed-off the case basis Dish TV‘s statement that Dish TV is not seeking Carriage Fees while executing the agreement on RIO basis.
Of the 17 deals in 2010, 14 were together valued at USD 170 million. The sector cracked 23 deals in 2011, valued at USD 170 million. The sector saw 51 deals being struck in 2012, and 28 of these make up for over USD 1.25 billion.
Digital content and eCommerce business grew to Rs. 400.9 crore for the year, up 193 percent year-on-year (adjusted for the sale of Newswire18). Stake sales in non-core businesses added Rs 180 crore to the annual profit and raised Rs 235 crore for the Network18 Group.
Balrampur Chini, Reliance Communication are a miss whereas Apollo Tyres, Central Bank, Essar OIl are a hit for SP Tulsian.
Nitin Jain of Edelweiss Securities feels that market is showing great signs of momentum. His bias stays on the long side.
Market experts Sudarshan Sukhani of s2analytics.com and SP Tulsian of sptulsian.com advise investors on CNBC-TV18 to brace for correction and bet on media anmd United Phosphorus.
SP Tulsian of sptulsian.com advised buying Zee Entertainment, Sun TV and TV18 on a correction of about 3-4 percent.
Technical analyst, Sudarshan Sukhani of s2analytics.com indicated that the long positions are short-term in nature, but the moment favours the bulls, so ride the momentum.
Technical analyst, Sudarshan Sukhani, s2analytics.com shared his reading and outlook on market and specific stocks.
Bandyopadhyay helps investors out with their investment queries as part of moneycontrol.com‘s initiative Know Your Investment.
IndiaCast, the global distribution arm of TV18 and Viacom18, has formed a joint venture with DisneyUTV company UGBL for aggregation and wholesale distribution business of TV channels in India. IndiaCast is a 50:50 joint venture between TV18 and Viacom18.
It was a quite but a solid start to the week. The Nifty did not look in any danger of a big correction today. It started closed with modest gains. Just in the middle of the day there was a period where it looked like it would give up most of its gains but that got arrested towards the end.
TV18 Broadcast turned corner during the quarter ended December, reporting a consolidated net profit of Rs. 21.3 crore, driven by strong growth in broadcasting and distribution revenues.