Television

IPL powers 21st Century Fox's international ad revenue

21CF tops estimates in Q4 earning

https://www.indiantelevision.co.in/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2018/08/10/21.jpg?itok=xXmClehn

MUMBAI: At a point when Rupert Murdoch’s media empire 21st Century Fox is preparing to sell the bulk of its film and TV assets to Walt Disney Co (Disney), its fiscal fourth-quarter earnings beat analysts' expectations. The conglomerate’s total revenue was up 18 per cent from $6.7bn to $7.9bn in the April-June quarter thanks to the higher content revenues at the Filmed Entertainment segment and higher affiliate and advertising revenues at the Cable Network Programming and Television segments.

Talking about the international revenue, Indian Premier League’s (IPL) contribution was mentioned. “Star India secured Indian Premier League’s global media and digital broadcast rights and, aided by the inaugural broadcast of the IPL, further penetration of its Hotstar platform and continued general entertainment growth, nearly doubled its profit contributions year over year,” the company said in a release. International advertising revenue which increased 55 per cent was led by the broadcast of the IPL at Star.

While analysts were expecting 54 cents in per-share earnings on $7.55 billion in revenue, it earned 57 cents per share after certain items on $7.94 billion in revenue. Though the stock was unchanged following the release, shares of Fox have surged 62 per cent in the past 12 months in last one year.

“As we move closer to combining our businesses with Disney and establishing new “Fox”, we are convinced that the paths we are creating for our iconic businesses will drive enduring and growing value for our shareholders,” executive chairmen Rupert and Lachlan Murdoch commented after the result. Lachlan Murdoch reiterated that news and live sports will underpin the profile of the new Fox in a call with analysts.

The cash-and-stock transaction which is predicted to be closed in the first half of next year is awaiting the green light from more than a dozen countries, including China, Russia and regulators from the European Union, after winning approval from US regulators. Fox will retain its TV stations, Fox Business, Fox News and its sports channels after the sell.

In such scenario, the three segments cable network programming, filmed entertainment, television boosted their revenue, and the first two improved their operating income too. The filmed entertainment unit which saw revenue jump some 27 per cent to $2.3 billion, the surge was driven largely by the success of Deadpool 2. Revenue from the cable division rose 13.8 per cent and accounted for more than half of overall revenue.

Fox is still now locked in a bidding war with Comcast over the 61 per cent of Sky it does not currently own. While Comcast’s current offer is higher than Fox’s offering, it still has 46 days to revise its offer.

Latest Reads

https://www.indiantelevision.co.in/sites/default/files/styles/340x340/public/images/tv-images/2019/11/14/mona.jpg?itok=M7q1L_ZA
Mona Jain joins ABP News Network as Chief Revenue Officer

MUMBAI: Mona Jain, a veteran media professional with nearly two decades of experience, has joined ABP News Network as the company’s Chief Revenue Officer. She will be responsible for the organization’s revenue efforts across ANN channels, live events and digital platforms. Mona comes to ANN with a...

Television TV Channels News Broadcasting
https://www.indiantelevision.co.in/sites/default/files/styles/340x340/public/images/tv-images/2019/11/14/sudhanshu.jpg?itok=FgeJ4QwE
Over-regulation can hurt M&E industry: Viacom18 CEO Sudhanshu Vats

MUMBAI: Indian M&E industry is on the cusp of a “transformational growth” trajectory and can be a huge driver for PM Narendera Modi’ dream of USD 5 Trillion Indian economy, provided the sector is not over-regulated, Viacom18 group CEO and MD Sudhanshu Vats said today, in his address to CII Big...

Television TV Channels GECs
https://www.indiantelevision.co.in/sites/default/files/styles/340x340/public/images/tv-images/2019/11/14/saregampa.jpg?itok=9c3HBT8X
Saregama India reports 25% Q-o-Q Growth in consolidated revenue from operations

MUMBAI: Saregama, India’s oldest music label and the youngest movie studio, announced its financial results for the 2nd Quarter ended Sep 30.  Company’s consolidated Revenue from Operations for the Q2 FY20 is Rs. 1575 Mn as compared to Rs.1259 Mn in Q1 FY20, an increase of 25% Q-o-Q. Consolidated...

Television TV Channels Music and Youth
https://www.indiantelevision.co.in/sites/default/files/styles/340x340/public/images/tv-images/2019/11/14/COLORS.jpg?itok=952iW5cA
COLORS’ to air Children’s Day Special show on Nov 16

MUMBAI: Children Day is one special day wherein even grown-ups let their guard down and have fun like kids again. Making this day even more special for everyone will be COLORS’ Children’s Day Special event which will be packed with lots of fun, games and unlimited entertainment. Celebrations will...

Television TV Channels GECs
https://www.indiantelevision.co.in/sites/default/files/styles/340x340/public/images/tv-images/2019/11/14/hbo.jpg?itok=wUtSo7w9
HBO and HBO HD to premiere ‘Fantastic Beasts: The Crimes of Grindelwald’ on Nov 16

MUMBAI: Say bonjour to scurrying Nifflers and hovering Thestrals, as Newt Scamander unearths dark secrets in the magical world of Paris! Prepare to be bewitched as ‘Fantastic Beasts: Crimes of Grindelwald’ premieres on HBO and HBO HD on Saturday, 16 November, 9pm.

Television TV Channels English Entertainment
https://www.indiantelevision.co.in/sites/default/files/styles/340x340/public/images/tv-images/2019/11/14/child_0.jpg?itok=S6842-TU
Nickelodeon launches #Khulkebolo campaign for Children's Day

MUMBAI: What is the most beautiful thing about kids? It is their innocence which is often lost as they grow older. Embracing this innocence and honesty of kids, this Children’s Day, Nickelodeon India has launched the campaign – #Khulke Bolo – encouraging kids to be themselves and speak openly...

Television TV Channels Kids
https://www.indiantelevision.co.in/sites/default/files/styles/340x340/public/images/tv-images/2019/11/14/epic.jpg?itok=5KA8GX2g
EPIC Channel and Amar Chitra Katha announce content collaboration

MUMBAI: EPIC – India’s Storytellers and a showcase for the best India-centric content, announced a content partnership with Amar Chitra Katha - the custodians of India's greatest stories. As part of the collaboration between two of India’s most popular storytellers, the tales from ACK Media and...

Television TV Channels Factual
https://www.indiantelevision.co.in/sites/default/files/styles/340x340/public/images/tv-images/2019/11/14/volley.jpg?itok=uIwwKlnL
Pro Volleyball league secures RuPay as tittle sponsor till season 4

MUMBAI: The RuPay Pro Volleyball League is an initiative of Volleyball Federation of India and Baseline Ventures with Sony Sports Network as broadcast partners. The season 2 of the league starts on 7th February 2020. In a major boost for the Pro Volleyball League, the league has announced that they...

Television TV Channels Sports
https://www.indiantelevision.co.in/sites/default/files/styles/340x340/public/images/tv-images/2019/11/14/viv.jpg?itok=lmLkfanT
Romedy NOW celebrates Children's Day with #WingsToDream

Romedy Now, India’s one of the leading English Entertainment Channel celebrates this Children’s Day with its unique initiative, #WingsToDream that empowers children to explore and live their dreams.

Television TV Channels Viewership

Sign up for our Newsletter

subscribe for latest stories