GECs
Sun TV reports flat PAT on 7% increase in revenue
BENGALURU: The Kalanithi Maran-headed Sun TV Network Ltd (Sun TV) reported 5.9 percent y-o-y increase in consolidated operating revenue for the quarter ended 30 September 2019 (Q2 2020, quarter or period under review) as compared to the corresponding year ago quarter Q2 2019. Sun TV reported consolidated operating revenue of Rs 852.52 crore for Q2 2019 as compared to Rs 779.65 crore for Q2 2019. Total Income (revenue) for Q2 2020 increased 6.8 percent y-o-y to Rs 900.74 crore as compared to Rs 843.44 crore in Q2 2019.
Consolidated profit after tax (PAT) for Q2 2020 was almost flat (up 1 percent) y-o-y at Rs 368.79.87 crore as compared to Rs 364.99 crore in Q2 2019. Calculated simple consolidated EBITDA for Q2 2020 at Rs 479.24 crore was 15.2 percent lower y-o-y than the Rs 565.07 crore.
Sun TV reported standalone subscription revenue of Rs 397.39 crore for Q2 2020, which was 17 percent higher than the Rs 339.79 crore for Q2 2019.
Following closely on the heels of the dividend already declared in the first quarter, the board of directors of Sun TV has recommended a second interim dividend of Rs 2.50 per equity (50 percent) share of face value of Rs 5 each for Q2 2020.
Let us look at the other consolidated numbers reported by the company:
Consolidated Total Expenditure (TE) in Q2 2020 increased 66 percent to Rs 499.54 crore as compared to Rs 301.0 crore in the corresponding quarter of the previous year.
Consolidated Operating expense in Q2 2020 almost doubled (increased 91.1 percent) y-o-y to Rs 185.41 crore from Rs 97.01 crore in the corresponding quarter of the previous year. Employee Benefits Expense in Q2 2020 increased 2 percent y-o-y to Rs 82.24 crore as compared to Rs 80.61 crore in Q2 2019. Other expenses (OE) in the Q2 2020 more than doubled (increased 112.7 percent) y-o-y to Rs 78.63 crore as compared to Rs 36.96 crore in the corresponding quarter of the previous year.
GECs
EPIC Company unifies all brands under single EPIC identity
IN10 Media rebrand aligns TV, digital and films into one ecosystem
MUMBAI: The EPIC Company, formerly known as IN10 Media Network, has announced a sweeping brand consolidation, bringing its television channels, digital platforms and content IPs under a single identity, EPIC.
The move is aimed at simplifying the company’s structure while creating a more connected content ecosystem spanning television, digital and films. By aligning multiple verticals under one umbrella, the company is looking to present a sharper, more cohesive face to both audiences and partners.
As part of the transition, several channels have been rebranded to align with the EPIC identity. EPIC will now operate as EPIC TV, while Nazara becomes EPIC Bharat, Filamchi is now EPIC Bhojpuri, Gubbare transitions to EPIC Kids, and ShowBox is reintroduced as EPIC Music. Ishara will continue under the identity EPIC Parivaar, maintaining its core positioning.
The company has also refreshed EPICON, its streaming platform, to reflect a more unified and modern brand experience. The overhaul is designed to improve content discovery and create a seamless experience across platforms.
This consolidation follows the recent launch of EPIC Studio, a unified production arm that brings together Juggernaut Productions and MovieVerse Studio, as the company expands its footprint across films, OTT and television.
The EPIC Company managing director Aditya Pittie said, “As our scale has grown, it has become important to simplify how we operate and how we present ourselves to the ecosystem. This consolidation gives us a clearer, more future-ready structure to partner, invest, and build at scale, while ensuring that for viewers, the experience is more seamless and intuitive.”
With the rebrand, The EPIC Company is positioning itself as a platform-agnostic content network, focused on scale, simplicity and integrated storytelling. By bringing everything under one banner, it is aiming to make its content universe easier to navigate and harder to ignore.
