BCCL's advertising revenue grows 1.7% in FY19

In its financial statement, the network has said that the revenue function did well to post growth in Real Estate, eCommerce Technology and M&E verticals

e4m by Sonam Saini
Published: Nov 21, 2019 9:16 AM  | 3 min read
BCCL

Bennett Coleman and Company Ltd (BCCL) has recorded an increase of 7.87% in total revenue for the year ended March 31, 2019. The company has posted Rs 6,985.91 crore as total income, compared to Rs 6,476.08 crore for the year ended March 31, 2018.

The network’s Profit After Taxation (PAT) has dipped 74.83% to Rs 1,52.79 as compared to Rs 607.08 crore in the previous year. Meanwhile, BCCL’s advertising revenue has gone up by 1.7% to Rs 4,845.15 crore as compared to Rs 4,763.47 crore in FY 2018.

exchange4media reached out to BCCL for a response but didn’t get any till the time of filing this report.

As per the financial statement from the Ministry of Corporate Affairs, in FY19 the network sales of publication and distribution revenue decreased by 3.47% to Rs 680.96 crore as compared to Rs 705.49 crore in the previous year. The revenue from the sale of traded products and services has increased by 78.31% to Rs 458.53 crore. The event income of the company has also increased by 28.2% to Rs 261.80 crore as compared to Rs 204.06 crore in the previous financial year.

The company has mentioned in its financial statement that the year 2018-19 continued to be a challenging one for print media owing to pressure from escalated newsprint price and marginal dip in advertising and circulation revenue vis-a-vis the previous year.

“While the entire print industry faced headwinds due to newsprint prices, our cost functions collaboratively did a good job in containing the pressure on bottom-line and delivered on DVC, Staff Costs and AFC targets,” the statement said.

The network said that the revenue function did well to post growth in Real Estate, eCommerce Technology and M&E verticals. The impact of de-growth (versus the previous year) was largely felt from Cons Soft, Telecom and Automobiles verticals.

Also, the IRS results that came out this January augured well for the print category. It showed growth in total readership of any daily across age groups and demographics. The Times of India continues to be the leading English circulation in top five metros, the network said in the statement.

In the television news business, the network owns three channels - Times Now, ET Now and Mirror Now. Times Now continues its dominance in the English News category and maintains its leadership position, as mentioned in the ROC filing. It further stated that ET Now has dedicated itself to the nation's development with the adoption of brand purpose- Rise with India. During the Union Budget coverage, ET Now was the undisputed leader with 82% viewership, the statement said.

In the entertainment business, the network owns Zoom, Movies Now, Romedy Now, MNX and MN+. The network claims that Movies Now retains the largest share of voice among the target audience, with a dominating leadership across social media.

TimesNowNews.com (Digital) started from the bottom of the comScore list in 2017 to enter the top three league in the English Digital News Publishing space in November 2018. Timesnownews.com has established itself as the fastest growing digital publisher, the statement reads.

BCCL also mentioned that during the year TRAI came up with the New Tariff Order (NTO) and that has affected all the stakeholders in the value chain i.e. broadcasters, distribution platform and even consumers. “We expect better realisation of subscription money for Times Network channels and an improved net distribution income. However, it is expected to have a negative impact on the reach of the channels,” says the official statement.

Read more news about Digital Media, Television Media, Out of Home Advertising, Print Media, Latest Advertising India

For more updates, be socially connected with us on
Instagram, LinkedIn, Twitter, Facebook, Youtube, Whatsapp & Google News

Government notifies Cinematograph Rules, 2024 to improve film certification process

The regulations aim for a more efficient, transparent, and inclusive film certification process, supporting the continued growth and success of Indian cinema

e4m by e4m Staff
Published: Mar 16, 2024 1:48 PM  | 3 min read
cinematography act 2024

Pursuant to the Cinematograph (Amendment) Act, 2023, the Ministry of Information and Broadcasting has notified that the Cinematograph (Certification) Rules, 2024 is in supersession of the Cinematograph (Certification) Rules, 1983. 

They have been comprehensively overhauled to improve and contemporise the entire process of certification of films for public exhibition.

These new rules aim to streamline and modernise the film certification process for the digital age, keeping pace with emerging technologies and advancement in the film sector. 

According to a press statement by the government, the Ministry and CBFC have undertaken extensive consultations with filmmakers, cinema owners, disability rights organisations, NGOs, film industry bodies, the general public and other stakeholders, ensuring an all-embracing, all-encompassing and all-inclusive approach.

The key aspects of improvements incorporated in the Cinematograph (Certification) Rules, 2024 include:

Comprehensive revision of the Rules has been done to fully align it with the adoption of Online Certification processes, which will ensure enhanced transparency, efficiency & ease of doing business for the film industry.

  1. Reduction in timelines for the processing of film certification and adopting complete digital processes for eliminating all transactional time.

  1. Movies/feature films to have accessibility features for certification to make it inclusive for disabled persons, as stipulated in the guidelines issued in this regard from time to time.

  1. Age-Based Certification: Introduction of age-based categories of certification by further sub-dividing the existing UA category into three age-based categories, viz. seven years (UA 7+), thirteen years (UA 13+), and sixteen years (UA 16+), instead of twelve years.

    These age-based markers would be only recommendatory, meant for the parents or guardians to consider whether their children should view such a film.

    The age-based certification system with UA markers is to be implemented to ensure young viewers are exposed to age-appropriate content. It will play a crucial role in balancing the need to protect vulnerable audiences, such as children, with the principles of freedom of expression and consumer choice.

  1. Greater representation of women in the CBFC Board and CBFC’s Advisory Panels, where it is stipulated that one-third of the members in the Board shall be women and preferably half shall be women.

  1. System for Priority Screening of Films for enhancing transparency and eliminating all discretions. Provision for priority screening for expediting the screening of film screening for certification, in case of any urgency felt by film-maker(s) due to their prior commitments of release of the film in line with ease of doing business.  

  1. Perpetual Validity of Certificates: Removal of the restriction on validity of certificate for only 10 years for perpetual validity of certificates of Central Board of Film Certification (CBFC).

  1. Change of Category of Film for Television: Recertification of the edited film for Television broadcast, as only Unrestricted Public Exhibition category films can be shown on television.

The principle rules were first notified by the Government in 1983 and have been amended from time to time. However, acknowledging the significant advancement in film technology, audience demographics, and content distribution methods for the last 40 years, the new set of rules with overhaul changes are being introduced to better cater to the ever evolving needs of the film industry.

The Government had last year amended the Cinematograph Act, 1952 after a period of almost 40 years to comprehensively address the issues relating to film certification. Notifying the new Cinematograph (Certification) Rules, 2024 compliments that journey of making the certification process simpler, more contemporary and in line with best global practices.

The statement also said, “These updated regulations will foster a more efficient, transparent, and inclusive film certification process, supporting the continued growth and success of Indian cinema.”

Read more news about Digital Media, Television Media, Out of Home Advertising, Print Media, Latest Advertising India

For more updates, be socially connected with us on
Instagram, LinkedIn, Twitter, Facebook, Youtube, Whatsapp & Google News

Media tycoon Markand Adhikari joins ENBA jury panel

The 16th edition of the exchange4media News Broadcasting Awards (ENBA) will be held on March 30

e4m by e4m Desk
Published: Mar 14, 2024 12:19 PM  | 2 min read
markand adhikari

Markand Adhikari, Chairman and Managing Director of Sri Adhikari Brothers Group (SAB Group), has joined the ENBA jury panel. Adhikari stands as a trailblazer in India's entertainment industry. In 1981, he co-founded the SAB Group alongside his brother, Gautam Adhikari.

The 16th edition of the exchange4media News Broadcasting Awards (ENBA) will be held on March 30. The jury meet for this edition will be held on March 19.

Notably, Markand Adhikari pioneered the sponsorship-based model for production houses during the early 1980s. His significant contributions include the strategic positioning of SAB TV as a comedy-centric channel, setting it apart from competitors within the industry. He is a producer of several iconic Hindi television programmes. The SAB Group has a legacy of many firsts in the industry. In line with the Prime Minister’s ‘Atmanirbhar Bharat’ initiative, Adhikari also started a social initiative during the Covid-19 pandemic known as the ‘Hunnar Initiative’.

Established in 2008, ENBA strives to recognize and commemorate excellence in television news, honouring broadcasters and industry leaders who significantly influence the television broadcasting domain in India. These awards serve to honour and reward industry leaders who are responsible for shaping the future of television broadcasting in India.

ENBA is dedicated to acknowledging and celebrating excellence in TV journalism with a wide range of categories ranging from Best News Channel of the Year in Hindi and English, Best CEO of the Year, Best Editor in Chief and more.

Over the years, the ENBA jury has been led by eminent names like Sunil Arora, a senior bureaucrat, and former Election Commissioner of India; Harivansh Narayan Singh, Deputy Chairman, Rajya Sabha; Dr. Kiran Karnik, Former President, Nasscom; Dr Nasim Zaidi, Former Chief Election Commissioner of India; SY Quraishi, Former Chief Election Commissioner of India; N Ram, Chairman, Kasturi & Sons Ltd., Former Editor–in-chief The Hindu and Group Newspapers; Sanjay Gupta, Managing Director, Star India.

Read more news about Digital Media, Television Media, Out of Home Advertising, Print Media, Latest Advertising India

For more updates, be socially connected with us on
Instagram, LinkedIn, Twitter, Facebook, Youtube, Whatsapp & Google News

Hindustan Times set to relocate headquarters to South Delhi

The publication was earlier based at KG Marg since 1975

e4m by e4m Staff
Published: Mar 14, 2024 9:49 AM  | 1 min read
HT

After nearly fifty years at its current location on KG Marg, Hindustan Times (HT) is preparing to move its headquarters to Lotus Towers in New Friends Colony. The transition has already begun, with the editorial teams of HT City and Mint having shifted to the new office premises. It is anticipated that the main editorial team of HT will complete its relocation to Lotus Towers by the end of this month.

The move marks a significant shift for the publication, which has been based at KG Marg since 1975 when all the editorial teams of HT group publications moved to the iconic HT House, designed by renowned architect Habib Rehman. Interestingly, Rehman was a favored architect of Pt. Nehru and had also designed several other prominent buildings in Delhi, including the AGCR Building, Vikas Minar, DaK Taar Bhawan, the Zoo, and sections of RK Puram.

Read more news about Digital Media, Television Media, Out of Home Advertising, Print Media, Latest Advertising India

For more updates, be socially connected with us on
Instagram, LinkedIn, Twitter, Facebook, Youtube, Whatsapp & Google News

Senior journalist Aariz Chandra passes away

Sources say that Chandra, who was an input head at APN News, suffered a fatal brain haemorrhage

e4m by e4m Desk
Published: Mar 12, 2024 4:47 PM  | 1 min read
Journalist Aariz Chandra

Journalist Aariz Chandra, known for his extensive coverage of Mumbai underworld stories, has passed away. Sources say that Chandra suffered a fatal brain haemorrhage.

Chandra was working for APN as input head at the time of his demise. He specialised in crime stories and had broken several exclusives during his stints at Aaj Tak.

Read more news about Digital Media, Television Media, Out of Home Advertising, Print Media, Latest Advertising India

For more updates, be socially connected with us on
Instagram, LinkedIn, Twitter, Facebook, Youtube, Whatsapp & Google News

Build India Infra Awards 2024 to honour leaders of infra sector

Nitin Gadkari, Minister for Road Transport and Highways, is the Chief Guest at the event

e4m by e4m Staff
Published: Mar 11, 2024 3:57 PM  | 1 min read
Build India Infra Awards 2024

The Build India Infra Awards 2024, which is being held today in New Delhi, will honour visionary leaders of the infrastructure sector.

Nitin Gadkari, Minister for Road Transport and Highways, is the Chief Guest at the event.

Among the other dignitaries set to attend the event are Sarbananda Sonowal,  Minister for Ports, Shipping & Waterways and AYUSH; Hardeep Singh Puri, Minister for Petroleum & Natural Gas and Housing & Urban Affairs; and General V K Singh, Minister of State for Road Transport & Highways and Civil Aviation.

The event will witness panel discussions on the infra sector and fireside sessions with the ministers.

Read more news about Digital Media, Television Media, Out of Home Advertising, Print Media, Latest Advertising India

For more updates, be socially connected with us on
Instagram, LinkedIn, Twitter, Facebook, Youtube, Whatsapp & Google News

How Tejinder Gill’s ‘Rocket Speed’ sister is his shero

In this series of She Is Strength, Tejinder Gill, General Manager, The Trade Desk (TTD), shares how his sister Navtej embodies the essence of womanhood

e4m by e4m Staff
Published: Mar 12, 2024 8:30 AM  | 2 min read
Women's Day Tejinder Gill

The celebration of Women's Day holds a special place in our family, where we come together to honour and cherish the remarkable women who grace our lives with their presence. From my mother and wife to my sister and daughter, each one is showered with appreciation, respect, love, and care.

This Women’s Day, I wanted to express my gratitude to the superwoman of my life and our two families – my sister, Navtej. Her name, a fusion of mine and our father's imagination, encapsulates his dream of her as a shero named "New Speed" or "Rocket Speed".

From her early days as a dedicated student to evolving into a multifaceted professional, Navtej has been a shining example. Known as Dad's princess, she seamlessly juggles roles as a superb chef, skilled driver, captivating storyteller, and strategic thinker. And as she ascended in her professional journey, I found myself increasingly looking up to her.

Five years my senior, she embodies the quintessential woman – a leader, a partner, a daughter one aspires to be. She has since become my indispensable life advisor, steering me through pivotal decisions in marriage, home ownership, and career transitions.

To me, she is a TRUE leader, embodying the essence of WOMEN:

Wonderful – She has always been the first person in the family to extend a helping hand, harbouring a generous heart and soul.

Optimistic – Despite facing challenges with her second baby, she devoted herself to ensuring the child's well-being, nurturing him with the most optimistic hope of providing him a brighter future. She inspires us all to strive for better days ahead.

Magnificent –  She is my steadfast companion in life's adventures, excelling in all aspects, from taking care of husband, kids and in-laws, to soaring in her professional career, all while nurturing entrepreneurial dreams. She remains a beacon of strength and inspiration for all young women in our family.

Empathetic – At a very young age, she instilled in me the value of compassion, a reminder that we are all human and should care for one another - a principle she lives by every day.

Nice – Her grace and kindness, reflected in her ever-present smile and respectful demeanour, illuminate every room she enters.

I am immensely proud to share her bloodline, inspired by her unwavering commitment to excellence in her career, family, and personal growth. Navtej's journey epitomizes the resilience and grace of women, and as we celebrate Women's Day, I honour her and all the remarkable women who contribute to shaping our world.

Read more news about Digital Media, Television Media, Out of Home Advertising, Print Media, Latest Advertising India

For more updates, be socially connected with us on
Instagram, LinkedIn, Twitter, Facebook, Youtube, Whatsapp & Google News

Retail co asks Netflix to pay Rs 25 cr for infringing ‘killer’ trademark

The Bombay HC is hearing the case about Kewal Kiran Clothing’s allegation that the makers of ‘Killer Soup’ have infringed the trademark 'Killer'

e4m by e4m Staff
Published: Mar 11, 2024 2:40 PM  | 1 min read
Netflix

The Bombay High Court is hearing a case against Netflix for allegedly infringing the trademark of Kewal Kiran Clothing Limited because of the web series ‘Killer Soup’, starring Manoj Bajpayee and Konkona Sen Sharma.

As per media reports, KKCL has sought Rs 25 crore damages from Netflix.

Quoting a press statement, media reports said KKCL has alleged that makers of the 'Killer Soup' had infringed their trademark 'Killer'. Producers Macguffin Pictures LLP and Netflix as defenders in the suit.

Read more news about Digital Media, Television Media, Out of Home Advertising, Print Media, Latest Advertising India

For more updates, be socially connected with us on
Instagram, LinkedIn, Twitter, Facebook, Youtube, Whatsapp & Google News