GECs
Sun TV announces Q4FY23 results
Mumbai: Sun TV Network Ltd., one of the Television Broadcaster in India, operates Satellite Television Channels across six languages of Tamil, Telugu, Kannada, Malayalam, Bangla and Marathi, airs FM radio stations across India and own the SunRisers Hyderabad Cricket Franchise of the Indian Premier League, SunRisers Eastern Cape of Cricket South Africa’s T20 League and the Digital OTT Platform Sun NXT.
For the quarter ended 31 March 2023, the Revenues for the quarter were at Rs 813.53 crores as against Rs 833.01 crores for the corresponding quarter ended 31 March 2022. The Advertisement revenues for the quarter was at Rs 338.37 crores as against Rs 337.13 crores for the corresponding quarter ended 31 March 2022. The Subscription revenues for the quarter was at Rs 406.11 crores as against Rs 416.03 crores for the corresponding quarter ended 31 March, 2022. EBITDA for the quarter ended 31 March 2023 was at Rs.487.60 crores as against Rs 553.33 crores for the previous quarter ended 31 March 2022. The Profit after taxes for the current quarter stood at Rs 365.82 crores as against Rs 404.35 crores in the corresponding quarter ended 31 March 2022.
For the year ended 31 March 2023, the Standalone Revenues for the year was higher by ~4.46 per cent at Rs 3,661.37 crores as against Rs 3,504.88 crores for the corresponding year ended 31 March 2022. The Advertisement revenues for the year grew by ~7.95 per cent at Rs 1,403.96 crores as against Rs 1,300.60 crores for the previous year ended 31 March 2022.The Domestic Subscription revenues for the year was at Rs 1,619.71 crores, as against Rs 1,657.31 crores for the previous year ended 31 March 2022. EBITDA for the year ended 31 March 2023, was up ~3.78 per cent at Rs 2,349.28 crores as against Rs 2,263.78 crores for the previous year ended 31 March 2022. The Profit after taxes rose by ~1.81 per cent to Rs 1,674.53 crores for the year ended 31 March 2023 as against Rs 1,644.80 crores for the previous year ended 31 March 2022. During the year, the Board of Directors declared four interim dividends cumulating to 300 per cent, i.e Rs 15.00 per share.
For the year ended 31 March 2023, the Consolidated Revenues was up ~5.22 per cent at Rs 3,772.09 crores as against Rs 3,584.82 crores for the corresponding year ended 31 March 2022. EBITDA for the year ended 31st March 2023 was higher by ~4.61 per cent at Rs 2,392.99 crores as against Rs 2,287.49 crores for the previous year ended 31 March 2022. The Profit after taxes(after accounting of share from joint venture) also remained higher by ~3.96 per cent at Rs 1,706.92 crores for the year ended 31 March 2023, as against Rs 1,641.91 crores for the previous year ended 31 March 2022.
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.
