GECs
Balaji quintuples y-o-y PAT for Q2-2014; EBIDTA more than doubles
BENGALURU: Balaji Telefilms Limited (BTL), the blue-eyed entity of the Indian media and entertainment industry, reported consolidated PAT of Rs 12.33 crore for Q2-2014, more than quintuple (506 per cent) the Rs 2.43 crore reported for Q2-2013 and more than triple (342 per cent) of the Rs 3.61 crore for Q1-2014.
The improved performance was driven essentially by its motion picture operations. BTL reported EBIDTA for Q2-2014 at Rs 10.95 crore, more than double the Rs 4.63 crore for Q2-2013. BTL’s EBIDTA for Q1-2014 was negative at Rs (-5.02) crore
The company’s consolidated revenue from operations for Q2-2014 at Rs 194.16 crore was more than triple (329 per cent) of the Rs 58.96 crore for Q2-2013 and more than double the Rs 84.04 crore for Q1-2014.
Let us look at the other figures reported by BTL for Q2-2014
BTL has reported revenue from three streams: Balaji Telefilms (Television content production-Balaji); Motion Pictues – Balaji Moption Pictures Limited (BMPL) and BOLT Media Limited (BOLT).
Its television content production stream reported revenue of Rs 30.33 crore for Q2-2014, which was 33 per cent higher than the Rs 22.80 crore for Q1-2014. Rs 32.32 crore were spent in Q2-2014 towards cost of production, acquisition and cost of telecast fees, staff cost, depreciation and other expense resulting in loss from operations of Rs (-1.99) crore. Other Income brought in Rs 3.02 crore and hence a PAT of 0.804 crore.
BMPL with revenue of Rs 164.05 crore for Q2-2014, which was more than double (2.66 times) the Rs 61.67 crore for Q1-2014. Expense totaling Rs 152.23 crore resulted in a PAT of Rs 11.81 crore.
BOLT had revenue of 0.27 crore and total expense of 0.59 crore resulting in a net loss of Rs (-0.32) crore.
GECs
Samsung TV Plus launches Kings of Comedy channel
New free FAST channel brings iconic Hindi comedy shows to millions of Samsung Smart TV owners.
MUMBAI: Samsung TV Plus has just turned up the laughter volume and it’s completely free. The leading free ad-supported streaming television (FAST) service in India has launched Kings of Comedy, a premium comedy channel featuring some of the country’s most beloved primetime shows. Available exclusively on Samsung TV Plus, the channel delivers back-to-back hits including Comedy Nights with Kapil, Khatra Khatra Khatra, and Comedy Nights Bachao, with no login or subscription required.
The launch marks a milestone for free streaming in India, offering audiences a dedicated comedy destination directly from their Samsung TV home screen. It arrives as Samsung TV Plus India celebrates its 5th anniversary, during which the service has grown its monthly active users by 42 per cent and more than doubled its total viewing hours. The platform now offers over 180 free channels across 14 languages.
Samsung TV Plus India general manager and head of business development Kunal Mehta said, “Comedy is the heartbeat of Hindi entertainment, and Kings of Comedy brings together the shows Indians already love, completely free on their Samsung TV. Our focus remains the same take the content people know and make it effortless to access.”
Globally, Samsung TV Plus has surpassed 100 million monthly active users across more than 4,500 channels, solidifying its position as one of the world’s leading free streaming services.
Kings of Comedy is now available on all compatible Samsung Smart TVs. For viewers seeking non-stop laughter without any cost, this new channel delivers a royal treat proving that sometimes the best entertainment really does come with no strings (or subscriptions) attached.
