GECs
Raj TV reports flat q-o-q revenue for Q2-2013; 26 per cent lower q-o-q PAT
BENGALURU: Television network Raj Television Network Limited (Raj TV) reported almost flat revenue for Q2-2014 at Rs18.35 crore as compared to the Rs18.29 crore reported for Q1-2014. Y-o-y revenue was however higher by 12.3 per cent (about Rs 2.01 crore higher) than the Rs 16.34 crore for Q2-2013.
Raj TV’s PAT for Q2-2014 at Rs 3.46 crore was about 26 per cent lower than the Rs 4.67 crore for Q1-2014, but 50 per cent higher than the Rs 2.31 crore y-o-y (Q2-2013).
Despite a 23 per cent lower cost of revenues at Rs 5.18 crore for Q2-2014 as compared to the Rs 6.75 crore for Q1-2014 and lower by almost a third (32 per cent) cost of revenue for Q2-2013 at Rs 7.58 crore, higher employee benefits, higher depreciation and amortisation expense and elevated administrative expenses have increased the total expense by about two per cent to Rs 13.09 crore as compared to the Rs 12.85 crore for Q1-2013. Raj TV’s total expense at Rs 13.55 crore for Q2-2013 was higher by 3.3 per cent as compared to Q2-2014.
Administrative cost at Rs 3.06 crore for Q2-2014 was a whopping 13.5 per cent more than the Rs 2.69 crore for Q1-2014 and almost 26 per cent more than the Rs 2.43 crore for Q2-2013.
Further, the network paid almost 17 per cent higher finance cost at Rs 97.15 lakh (Rs 0.9715 crore) as compared to the Rs 83.34 lakh (Rs 0.8334 crore) for Q1-2014 and almost 28 per cent higher finance cost than the Rs 76.02 lakh (Rs 0.7602 crore) for Q2-2013.
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.
