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Page 7 - சித்தி நெட்வொர்க்குகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Siti Networks posts Rs 390 6 crore total revenue for Q3

Subscription revenue stood at Rs 270.6 crore. 05 Feb, 2021 - 07:44 PM IST     |     By indiantelevision.com Team     KOLKATA: Multi System Operator Siti Networks Ltd has posted Rs 390.6 crore total revenue for the third quarter. Subscription revenue stood at Rs 270.6 crore for the quarter. The MSO’s operating EBITDA surged to Rs 63.8 crore. This was achieved through strict control over expenses and operating efficiencies, the company stated in a BAE filing. Its operating EBITDA margin for the quarter moved to 16.3 per cent through control of various cost elements. Siti Broadband also expanded its footprint to 21 cities during the December quarter, with the net base increasing to 1.9 lakh. Its continuous efforts to improve operational efficiencies through improvement of its systems, processes, and personnel have yielded results. This has resulted in a better and intimate ground connect with its 24,000+ strong distribution network.

The real issues M&E industry wants addressed in Budget 2021

The print and film exhibition sectors need special attention. 01 Feb, 2021 - 08:35 AM IST     |     By Gargi Sarkar     KOLKATA: With Covid2019 vaccination programmes being rolled out in the country, the first ray of hope for a normal life shone in the new year. As the government is all set to present the 2021-22 budget today, the Indian Chamber of Commerce expects it could come as an economic vaccine for the derailed Indian economy. Like many other sectors, the media and entertainment industry is also pinning its hopes for a revival on the Union Budget. KPMG India corporate and international tax partner & head Himanshu Parekh says that after an “off script” year, the M&E industry is riding high on expectations of what Sitharaman has in store for it in her

Vidnet 2021: Fairer margins needed for SVoD to boost ARPUs

While AVoD cannot be sustained, SVoD is here to stay and grow. 22 Jan, 2021 - 08:37 AM IST     |     By Devika Bhattacharya     NEW DELHI: The Indian OTT space is booming, more and more platforms are cropping up every day, leaving viewers spoilt for choice. It has also become a crowded and rather skewed market, where out of approximately 70 players, two or three bigwigs take the lion’s share of subscribers and revenue due to their deep pockets in terms of content and marketing. While existing and newly-launched SVoD services have registered significant uptake in 2020 off the back of the Covid2019 pandemic, they must now brace for a slowdown as life returns to normalcy. It is more important than ever before to cut through the clutter and stand out so as to reel in new users, retain existing ones and operate a sustainable business concurrently.

#Throwback2020: Cable operators start adapting to stay relevant

The Covid2019 pandemic has led to drop in revenue, subscribers. 06 Jan, 2021 - 08:59 AM IST     |     By indiantelevision.com Team     KOLKATA: Charles Darwin coined the phrase ‘survival of the fittest’ while studying the phenomenon of natural selection in the evolution of life. This concept applies to the inanimate world, too – as exhibited by the Indian cable industry. With changing consumption patterns, advancements in technologies, there are few consistently profit-making cable TV service providers left in the market. Then came Covid2019, affecting the supply chain and normal operations. More people turned to online platforms for entertainment, further imperiling the industry. In order to survive, it became vital to adapt – and many large and mid-level cable operators did just that, by innovating business models for sustainability.

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