GECs
Tips film segment reports loss of Rs 19.6 crore for Q2-2014; audio products PAT lower
BENGALURU: Note (1) Considering the nature of business carried on by the company whereby revenues do not necessarily accrue evenly over the year, the results of the quarter may not be representative of the result for the year. As such, the result of the current quarter is not comparable with the result of corresponding quarter.
(2) A major film project by the company starring Akshay Kumar ‘Its Entertainment’ is slated for release in May 2014.
Despite two significant releases in Q2-2014 – Ramaiya Vastavaiya and Phata Poster and Nikla Hero, the Taurani brothers led Tips Industries Limited (Tips) reported a net loss of Rs (-22.32) crore for the quarter, with its film
production/distribution segment chipping in with loss of Rs (-19.6) crore. The segment reported revenue of Rs 36.51 crore for Q2-2014, as compared to a small Rs 0.06 crore for the corresponding quarter of last year with a loss of (-1.99 crore) and the Rs 0.32 crore for Q2-2014 with a loss of Rs (-1.73) crore.
Audio products sales/income at Rs 6.48 crore for Q2-2014 was 20.3 per cent lower than the Rs 8.13 crore for Q2-2013 and 15.7 per cent lower than the Rs 76.9 crore for Q1-2014. The segment returned a profit of Rs 3.51 crore which was 46 per cent lower than the Rs 6.49 crore for Q2-2013 and 44.2 per cent lower than the Rs 6.29 crore for Q12-104.
Total Income from operations for Q2-2014 was Rs 42.99 crore, which was 5.25 times the Rs 8.18 crore for Q2-2013 and 5.37 times the Rs 8 crore q-o-q.
Total expenditure for Q2-2014 at Rs 62.67 crore was more than 10 times (10.55 times) the Rs 5.94 crore y-o-y and 9.98 times the Rs 6.28 crore q-o-q.
Correspondingly, cost of film production/distribution expense at Rs 55.39 crore for Q2-2014 was much higher than the Rs 1.14 crore for Q2-2013 and the Rs 1.28 crore for Q1-2014.
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.
