media and entertainment in india monthly update august 2012

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Media and Entertainment

Sector in India

Monthly Update

August 2012



Top Story

Videocon and DDB to usher ‘set -top-box-less’ LEDs

Consumer durable concern Videocon Industries has collaborated with Digital Direct roadcast (DDB) to provide a ‘set‐top‐box‐less’ technology. This technology will beB

available in all the new LEDs with sizes ranging between 32 inch and 58 inch.

This partnership will mark completely new sets of standards in home entertainment

experience as the TV operating system works to converge various features on a single

platform. It will render reception of digital signals without a set‐top box. Additionally,its cloud computing ability will also help viewers work and save files on cloud as also

llow browsing on social networking sites including Facebook, YouTube and Twitter.a

It can also convert 2D channels into that of 3D channels.

his is being hailed as a revolutionary technology that will help transform the mannerwhich television has so far been watched.

Tin

News Update

General Big FM turns Supporting Partner for Delhi International Film Festival 2012

Big FM announced its collaboration as the Supporting Partner of the Delhi

International Film Festival (DIFF) which will mark the city’s first ever Internationalilm Festival. The festival is scheduled to run for a week at the Siri Fort AuditoriumF

and NDMC Convention Centre from 21‐27 Dec, 2012.

In order to mark the celebration of 100 years of Delhi being the capital of India as well

as 100 years of Indian cinema, Big FM Delhi and DIFF have initiated this event as

Delhi’s first true international film festival. As the supporting partner, Big FM willoffer multifarious programming that will allow exclusive broadcast of the DIFF 2012

as also promote the grand event at various malls and cultural centers across the city.Big FM will also interview and host chat shows with different actors and personalities

f the film fraternity. The DIFF will showcase films in ten different sections amongo

which the best will be honoured with the Golden Minar and Silver Minar awards.

This initiative will not only help in putting Delhi on the map of international film

estivals, but also aid in adding another dimension to the city as an emerging quality

ilm exhibition city by attracting films and film fraternity from all around the world.

f

f

Media and Entertainment – Monthly Update



India’s first Direct to Network Cable to start this November

Noida Software Technology Park Limited (NSTPL), a Jain TV group company, in

ollaboration with Motorola, Intelsat and KIT digital, is all set to launch India’s first cDirect to Network (DTN) cable service named JAINHITS.

Jainhits will be mobilizing the investment of over INR 15 bn over the period of five

years in the Headend In The Sky (HITS) arena. This will be processed with the support from its partners to deliver affordable digital service to existing cable operators and

MSOs and help them meet the Government’s National Digitization Mandate. In the

first phase, JAINHITS will be offering 200 standard definition and high TV service,HBB TV and broadband. In its second phase, it will be scaled to offer 500 channels

including 30 HD channels and value added services for e‐commerce, education,

ealthcare, financial services, gaming and on‐demand content. The company has a

lan to evolve into a multi‐screen service within a year of its launch.

h

p Discovery Kids launched in India

Discovery Kids is set to be launched in India after heavily researching and localizing

mendment of children’s educational and adventure programming. The first of August a

is the stipulated time for the launch of the said channel.

The network’s offerings include a combination of science, nature and history

programming with globetrotting exploration, humor and mythology. Though the

channel heads are thinking of going slow in building the network’s saturation, it doesnot mean that it will be devoid of healthy content. Animation is slated to be an

essential element in the channel and it will be available in three languages like Hindi,Tamil and English. Discovery Kids is being launched in the country with 100%

nternational content and the network managers are expecting to make it a 50:50i

global‐to‐local content with the passage of time.

Discovery Networks has had presence in India for about two decades, however its

current launch of a dedicated children’s network in three languages brings forth anpportunity for content producers and media specialists by bringing the focus on the

ocal landscape for cable or satellite kids’ media channel.

o

l

Indian cable industry gets solutions from Exset

Netherland‐based broadcast technology and solutions company Exset has launchedThe India Page’ initiative especially for the Indian cable industry. Their chief aim is to‘


allow the Indian sector to meet the challenges of digitization.

The Indian initiative was announced at the conference held for cable operators titled‘Digitisation is Monetisation’. Exset introduced various models that could be

implemented by the cable operators during the digitization process across metro

cities at the initial stages of digitization. The solution will also enable the operators to



offer more value added services to the end customers. It also takes care of the revenueistribution among the local cable operators where the local operator presently does

ot have any share of revenue in the carriage and value added service.

d

n

India’s PVR Cinemas inks IMAX commitment with theater agreement IMAX Corporation and PVR Ltd, have announced an agreement to install an IMAX

theater system in Bangalore that is scheduled to open by March 2013. This deal

ollows an earlier agreement with PVR Cinemas dated March 2011 for four IMAXf theaters.

Under the statement of the agreement, PVR Cinemas will install an IMAX theater inmultiplex in Bangalore’s Vega Mall. The exhibitor is also on the lookout of opening

two of its previously contracted IMAX theaters in existing complexes in Bangalore and

Mumbai in 2012 while the other two IMAX theaters are set to be opened in Delhi and

Noida. Thus, this agreement is set to take the total of IMAX commitment of thexhibitor to a figure of five in India. As for IMAX, with this deal its total number of e

theaters opened or contracted to open in India rises to 14.

As audiences across the country gets more passionate about cinema, worldwide

known brand IMAX acts as a competitive advantage for PVR’s business as they strivetowards bringing more audiences in Bangalore to experience IMAX. As for IMAX, they

re excited to expand their partnership with PVR who remains the second largest

xhibitor for them.

a

e

TiVUS announces its first contract in India

TiVUS, Inc., a leading US hotel technology IPTV concern, announced its maidenontract in the Asia Pacific region with Neesa Leisure Ltd (NLL), which owns andc

operates hotel properties in India under the name “CAMBAY Hotels & Resorts”.

Tivus USA, through a joint venture with Tivus Smartv India Pvt Ltd, has been workingwith NLL for about a year in terms of negotiating this contract. TSIL is slated to

provide financing for the installations in 10 hotels that are served under this contract.his installation is slated to begin in the month of September with the required

anagement already hired by TSIL for the purpose of Asia deployment.

T

m

Red FM and GiMA come together again

ndia’s largest radio network, 93.5 Red FM has partnered with the Chevrolet GlobalI


Indian Music Academy (GiMA) Awards for the third consecutive year.

GiMA Awards is the biggest annual celebration of India Music and it recognizes talent

across various genres of Indian music such as Bollywood, Classical, Ghazal,Devotional, Folk, Fusion, Carnatic and Contemporary. Red FM, known for its

innovative content, as a partner, will help listeners in India engage with GiMA in a

unique manner. This will mark Red Fm as a partner for the third edition of the GiMA.



BIGFLIX launches Windows Phone App

BIGFLIX.com, India’s largest movie on demand service providers, will offer BIGFLIXpp on Windows Phone which will enable users across the world to have their dailyA

dose of entertainment with 1000+ movies on the go.

This will make BIOGFLIX the first Indian video‐on‐demand app available on WindowsPhone and will be featuring full length movies across all major Indian languages

including Hindi, Tamil, Telugu, Malayalam and others in DVD like quality. It can be

downloaded free of cost by Windows Phone users by going to the WindowsMarketplace and simply clicking on the app. Users can further subscribe to watch full

movies and the same logins will also be used to work on PCs and laptops, Tablets and

smartphones.

Dish TV launches Dish+

ish TV, a leading name in India’s direct to home (DTH) services has launched ther n ording facility.

DDish+, India’s fi st sta dard definition box with unlimited rec

After the VCR, there was no recording device available to consumers which Dish+aims to fulfill. Priced at INR 1,690, the product comes with a 4GB USB drive free as a

promotional offer. It is being launched in 42 cities of Phase I and Phase II of

digitization and is slated to be a clear differentiator from the rest as a better

alternative for all viewers who will be shifting form analog to that of digital. Oneunique feature about this product is that it is compatible with any USB device and

enables a plug‐and‐play operation using an existing USB stick/HDD. It also offers anadvantage of recording on standard definition and entails the benefits of traditional

VR‐like recording and playing back of programs, pausing or rewinding live TV and

thers.

D

o

India’s first 3D animation released on Friday

Krishna and Kans, hailed as India’s frist stereoscopic animated feature film waseleased in a global launch on 3rd August. The film is positioned in the familyr

entertainment category and covers a ten year span of Krishna’s life.

It depicts the period in Krishna’s life beginning with pre‐birth and ending with the

destruction of Kans when he was ten years old. The two‐hour film has taken amammoth five years to be made and boasts of having 1,200 artistes working in it. The

film got released in over 300 3D theaters, 250 2D theaters and over 40 schools inIndia as well as in Australia, New Zealand and Malaysia. Further, a release in the UK

and US is also in the pipeline within a fortnight. Eminent personalities for the filmfraternity have lent their voices in the film and include names like Om Puri (Kans),

Juhi Chawla (mother Yashoda), Prachi Save (Krishna) along with others including




Man j Bajpai, Anupam Kher, AK Hangal, S ch n and Supriya P lgaonkar and MukeshKhanna.

he movie marks the maiden foray by an Indian venture to foray into the 3D

nimation genre that sets a whole new path for other to follow in years to come.

o a i i

T

a Panel suggests increase of FDI to 49% in print media

A government‐appointed panel has suggested that foreign direct investment (FDI)

imit for print media should be enhanced from the present 26% to that of 49%. This islslated to ease fears of foreign content flooding newspapers.

The information and broadcasting ministry (I&B) panel, a sectoral innovation council,is headed by former I&B secretary Asha Swarup. The council’s report stated that

though the sector is not facing any immediate threat yet enhancing FDI limit to 49%

can emerge as a prospective growth driver. Apart from the print media, the council

as also given certain recommendations for varied sectors in the likes of mediaducation, broadcast, radio and advertising.

he

News Update

Expansion Plans MTV India to be launched in the Middle East

S media giant Viacom is looking at launching MTV India in the Middle East thisU

month.

This launch is a result of the joint venture between IndiaCast, Indian broadcaster

TV18 and Viacom. Viacom happens to be the US broadcaster behind The Walt DisneyCompany, Time Warner and News Corporation. The responsibility of regional

advertising sales for MTV India is entrusted to IndiaCast’s Dubai office. The channel

will be available on Pehla branded packs across DTH, Cable, IPTV and SMATV acrossmajority of the Middle East countries. Earlier, preceding the MTV launch was that of

the September 2010 launch of Hindi entertainment channel COLORS. MTV India is

predominantly aimed at the audience aged 15 to 34 and showcases a collection of

usic programming, talk shows, fashion and style shows, Bollywood‐style comedym

shows and adventure shows.

ith this launch, the US media giant is looking at tapping the lucrative Indian

xpatriate market in the Middle East.

W

e




Sony all set to launch six new regional channels

Sony Entertainment Television (SET) India is planning to add six new regional

channels to its offering portfolio in the next few years. The concern is presently

focusing on the regional space as an initiative towards expansion.Sony runs a bouquet of channels such as Sony MAX, SET MAX, Sony Pix and AXN andis quite popular across India. However, they have not really focused on the regional

domain. Sony has stated that it has been growing at 35 percent annually in the Indian

elevision market and now is targeting to tap the regional category by expanding inhe said lines of operation.

t t

PVR sets up a 5-screen multiplex in Nagpur

VR has launched a five‐screen multiplex at the Express Mall near Gandhi Lake inP

Nagpur.

The multiplex is spread across an area of 50,000 sq ft and boasts of a capacity of 1234seats. It also promises to provide digital movie experience to the cinegoers of the city

at prices varying between INR 70‐180. This launch will take the total number of screens of PVR to 39 screens and 8 multiplexes in five chief cities of Maharashtra

including four in Mumbai, one in Latur, one in Aurangabad and one in Nanded.

nother landmark achieved with this launch is that PVR now boasts of having aAfootprint of 184 screens in 42 cinemas in 13 states and 25 cities across India.

As the demand in smaller towns grows steadily over the years, multiplex majors are

ooking at it as an opportunity to capitalize on this growing demand and expandingheir footprints in tier II and III cities.

lt

News Update

Financials Singapore PE fund set to collaborate with PVR

Singapore‐based private equity (PE) fund L Capital Eco Ltd has announced that it hasigned agreements to invest INR 1.08 bn in PVR Ltd. This collaboration would entail as

joint venture with the Indian operator of movie multiplexes.

L Capital will be investing INR 5,770 mn under the preferential allotment route in PVR

for a 10% fully diluted stake. It will be subscribing to 2,885,000 equity shares in PVR

at INR 200 each. Further, the fund will also be investing INR 0.5 bn to set up the joint venture with PVR, wherein L Capital’s holding in the venture will be 44% with PVR

taking 51% and the remaining going towards management stock options. PVR is

looking at building and expanding its core cinema exhibition business as also expandits in‐mall entertainment portfolio.




Industry Expert Speak

Videocon and DDB to usher ‘set -top-box-less’ LEDs – Anirudh Dhoot, Director, Videocon, "We believe that this revolutionary technology will transform the way consumers

watch television. Providing a set‐top box less platform to the Indian consumers andnlivening them with true to life audio and video capabilities separates this

echnology from other players in the market,"

e

t

Transactions (Jun 2012 – Aug 2012)

Date

Buyer

Target

Deal Size

(INR mn)

% stake

Deal

Status

Type

of

Transaction

23 grd Au2012

Bookmyshow.comNe 8twork1

Group1000 20% In process M&A

9th Aug2012

Das Star Venture

SideFX

Entertainment

55 N.A. CompletedVC

Funding

26th Jun

2012

Sony Pictures

Television

Multi ScreenMedia Pvt.

Ltd.

15,120 32% In process M&A

Annual Financial Results – Revenue (INR mn)

Companies FY ‘09 FY ‘10 FY ‘11 FY ‘12

3M India Ltd. 8,257./8 9, *109.5 11,893.2 14,103.7

7Seas Entertainment Ltd. 114.1 71.0 136.3 206.5

Aksh Optifibre Ltd. 1,600.1 1,341.7 1,309.3 2, 2691.

Bharat Sanchar Nigam Ltd. 301,964.2 279,134.4 270,447.1 NA

Bharti Airtel Ltd. 369,615.5 418,472.0 594,672.0 714,508.0




Cinemax India Ltd. 1,446.1 1,704.5 1,917.0 2, 9768.

Crest Animation Studios Ltd. 571.4 635.5 418.4 NA

DEN Networks Ltd. 7,121.9 9,103.4 10,221.1 11 .9,284

Dish TV India Ltd. 7,381.1 10,850.0 14,366.6 NA

DQ Entertainment InternationalLtd.

1,500.9 1,754.7 2,078.5 2,327.5

Eros International Media Ltd. 6,265.3 6,408.8 7,109.5 9,438.8

Fame India Ltd. 1,355.6 1,697.0 1,669.0 NA

Hathway Cable & Datacom Ltd. 6,630.2 7,331.8 8,826.1 NA

Inox Leisure Ltd. 2,259.0 2,536.5 3,703.2 NA

Mahanagar Telephone Nigam Ltd. 41 0,837. 35 0,513. 36 .0,778 NA

Padmalaya Telefilms Ltd. 18.1 18.3 22.6 NA

Pentamedia Graphics Ltd. 131.6 540.3 259.7 NA

Prime Focus Ltd. 3,543.7 4,532.5 5,143.4 NA

PVR Ltd. 3,521.1 3,341.3 4,572.9 5,087.0

Reliance Communications Ltd. 225,245.4 214,963.8 224,303.5 187,160.0

Reliance Mediaworks Ltd. 6,624.0 7,272.0 7,920.7 7,987.8

Tata Communications Ltd. 100,718.9 110,255.6 119,319.9 141 .5,960

UTV Software CommunicationsLtd.

6,065.5 6,640.5 9,295.1 NA

Videocon Industries Ltd. 104,855.5 118,830.7* NA NA

Wire and Wireless India Ltd. 3,096.3 2,726.5 3,059.5 3,323.6

*Change in financial year




Annual Financial Results – Income (INR mn)

Companies FY ‘09 FY ‘10 FY ‘11 FY ‘12

3M India Ltd. 649.5 80 *1.6 988.1 647.7

7Seas Entertainment Ltd. 11.6 6.3 12.7 24.8

Aksh Optifibre Ltd. ‐320.8 ‐131.4 ‐489.8 196.1

Bharat Sanchar Nigam Ltd. 5,748.5 ‐18,226.5 ‐63,842.6 NA

Bharti Airtel Ltd. 84,699.1 89,768.0 60 .0,467 42 .0,594

Cinemax India Ltd. 110.5 169.7 54.5 35.1

Crest Animation Studios Ltd. ‐134.2 2.58 ‐1,713.1 NA

DEN Networks Ltd. ‐151.1 301.1 375.3 145.7

Dish TV India Ltd. ‐4,807.0 ‐2,622.0 ‐1,919.8 NA


161.2 266.7 278.6 413.2

Eros International Media Ltd. 733.3 821.1 1,172.3 1,478.4

Fame India Ltd. 34.4 ‐63.3 9.0 NA

Hathway Cable & Datacom Ltd. ‐916.1 ‐801.0 ‐312.7 NA

Inox Leisure Ltd. 243.4 260.6 50.0 NA

Mahanagar Telephone Nigam Ltd. ‐1,430.0 ‐25 .0,553 ‐3 02,895. NA

Padmalaya Telefilms Ltd. ‐20.4 ‐4.9 ‐23.1 NA

Pentamedia Graphics Ltd. 31.2 157.0 55.7 NA

Prime Focus Ltd. 145.8 334.2 760.9 NA

PVR Ltd. 87.1 13.5 81.8 254.2





Reliance Mediaworks Ltd. ‐513.8 ‐1,432.1 ‐3,288.6 ‐5,180.2

Tata Communications Ltd. 3,158.0 ‐5,977.4 ‐7,769.0 ‐7,946.5

UTV Software CommunicationsLtd.

356.3 533.3 1,3 .854 NA

Videocon Industries Ltd. 5,151.3 ‐2,749.5* NA NA

Wire and Wireless India Ltd. ‐962.3 ‐1,757.9 ‐624.3 ‐913.4

*Change in financial year

Quarterly Financial Results – Revenue (INR mn)

Companies

Jul-Sep

2011

Oct -Dec

2011

Jan-Mar

2012

Apr-Jun

2012

3M India Ltd. 3,277.5 3,118.5 4,1 .185 4,078.8

7Seas Entertainment Ltd. 56.3 NA NA 69.1

Aksh Optifibre Ltd. 653.6 643.9 766.8 630.5

Bharti Airtel Ltd. 152,311.0 184,767.0 187,294.0 193,501.0

DEN Networks Ltd. 2,565.6 2,782.2 3,216.0 1,948.9


629.8 637.4 725.1 309.3

Eros International Media Ltd. 1,748.0 4,084.2 2,068.4 2,570.3

Prime Focus Ltd. 2,025.5 2,127.5 1,891.3 1,882.1

PVR Ltd. 1,386.4 1,389.5 1,176.9 1,773.6


Tata Communications Ltd. 33,736.10 36,041.00 37,537.30 41,073.90




Wire and Wireless India Ltd. 893.0 871.7 865.2 1,096.6

3M India Ltd. 3,277.5 3,118.5 4,185.1 4,078.8

Quarterly Financial Results – Income (INR mn)

Companies

Jul-Sep

2011

Oct -Dec

2 011Jan-Mar

2012

Apr-Jun

2012

3M India Ltd. 118.8 22.9 217.7 167.1

7Seas Entertainment Ltd. 8.2 NA NA 11.8

Aksh Optifibre Ltd. 49.5 65.2 80.2 105.2

Bharti Airtel Ltd. 10 0,270. 10 0,113. 10 .0,059 7,622.0

DEN Networks Ltd. 44.3 35.3 47.6 122.3

Eros International Media Ltd. 273.5 690.9 297.1 314.1

Prime Focus Ltd. 264.3 262.9 209.2 209.8

PVR Ltd. 142.0 90.0 ‐132.4 75.6

Tata Communications Ltd. ‐1,652.0 ‐1,530.6 8,649.1 ‐1,428.6

Wire and Wireless India Ltd. ‐145.5 ‐140.2 ‐243.4 ‐10.6

Events Calendar

Media, A vertising and End tertainment Legal Summit 2012

ber, 2012n

Date: 27th Septem

Venue: Hotel Le MeridieDelhi

: Lex Witness

City: New

OrganizerWebsite: http://www.maels2012.com/


http://www.maels2012.com/






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media and entertainment in india monthly update august 2012

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