Movie Channels
Cinemax India PAT at Rs 5.19 crore for Q1-2014
BENGALURU: Indian movie exhibition chain Cinemax India Limited (Cinemax) reported a PAT of Rs 5.19 crore for Q1-2014. The exhibitor had reported a loss of Rs 3.56 crore during the preceding quarter (Q4-2013).
Let us take a look at Cinemax’s other figures for Q1-2014
Cinemax’s Q1-2014 net consolidated operating income of Rs 108.50 crore showing a 12.1 per cent growth as compared to Q1-2013 net consolidated revenues of Rs 96.76 crore for Q1-2013 and were 30.1 per cent higher than the Rs 85.39 crore reported during Q4-2013.
The company’s consolidated expenses for Q1-2014 at Rs 91.17 crore were 12.25 per cent higher than the Rs 81.22 crore for Q1-2013 and 9.3 per cent more than the Rs 83.38 crore in Q4-2013.
A big chunk of the Cinmax’s expenses is the Film Distributor’s share. For Q1-2014, it paid Rs 30.64 crore (28.2 per cent of consolidated revenues for the quarter) as against Rs 26.50 crore (27.2 per cent of consolidated revenues for the quarter) for Q1-2013 and Rs 24.40 crore (29.3 per cent revenues for the quarter).
Cinemax’s expenses towards rent for Q1-2014 at Rs 17.75 crore, though higher by 10.8 per cent as compared to the Rs 16.02 crore for Q1-2013, were 1.9 per cent lower than the Rs 18.09 crore paid in Q4-2013.
Also, repairs and maintenance, though a small part of the consolidated expenses, grew by almost 36 per cent in Q1-2014 to Rs 6.74 crore from Rs 4.96 crore in Q1-2013, but were lower by 7.3 per cent as compared to the Rs 7.23 crore in Q4-2013.
Last November, the promoters of Cinemax sold their entire stake of 69.27 per cent in the company to PVR Ltd for Rs 394.98 crore. The board of directors of PVR Limited, in a meeting held on 7 June 2013 have approved the merger of Cinemax and a wholly owned subsidiary Cine Hospitality Private Ltd., with PVR. Cinemax also said on the same day that its board approved “in-principle” the amalgamation of the company with PVR Ltd, the ultimate holding company.
Movie Channels
Zee5 launches five free FAST channels on Samsung TV Plus India
New genre-led channels bring comedy, drama, horror, classics and South films to Smart TVs.
MUMBAI: Zee5 just turned Samsung Smart TVs into a free entertainment buffet because when premium content costs nothing, even the remote control starts smiling. Zee5 has launched five curated free ad-supported streaming TV (FAST) channels on Samsung TV Plus India, making high-quality, genre-specific entertainment available subscription-free to millions of Samsung Smart TV owners across the country.
The five channels now live are:
Zee Comedy Nation – Popular comedy shows and movies
Zee Dil Se – Compelling drama series
ZEE Horror Nights – Horror and supernatural content
ZEE Cine Classic – Timeless Indian films
ZEE South Flix – High-energy South Indian films dubbed in Hindi
All content is drawn from Zee5’s extensive library and programmed in a lean-back, always-on format ideal for large-screen viewing. This launch strengthens Zee5’s Connected TV strategy at a time when 64 per cent of its premium content watch time already comes from connected devices.
Zee5 chief business officer Siju Prabhakaran said, “At Zee5, we believe accessibility and scale will define the next phase of digital entertainment growth in India. Our presence on Samsung TV Plus strengthens our Connected TV strategy, enabling viewers to discover curated, genre-led content in a seamless, free, and premium environment.”
Samsung TV Plus India head of partnerships Kunal Mehta added, “Local partnerships are at the heart of how we grow Samsung TV Plus in India. Zee Entertainment is one of India’s most iconic media brands, and bringing their channels to our service means millions more Samsung Smart TV owners can enjoy premium local content, subscription-free.”
The channels are available directly through the pre-installed Samsung TV Plus app with no login or subscription required. This marks another milestone in Zee5’s CTV expansion and builds on its growing international presence, with Zee channels already available on Samsung TV Plus across Southeast Asia, Australia and New Zealand.
In a streaming world where paywalls often block the fun, Zee5 and Samsung have quietly opened the gates, proving that sometimes the best things in life (and on your TV) really are free especially when they come with a side of comedy, drama, horror, classics and South Indian blockbuster energy.
