RAJARAMAN IS COO - HATHWAY VIDEO
Hathway Cable & Datacom has elevated Rajaraman S to COO of video business . He was earlier SVP - Business Operations.
A chartered accountant, Rajaraman has 18 years experience in media & broadcasting, including a long tenure as Head of Finance at Star India's South business.
Commenting on the development, Hathway Cable & Datacom CEO Tavinderjit Panesar said, "The cable industry is set for a transformational shift in light of the new regulations and at Hathway. Rajaraman has been an integral part of the change in the video business that Hathway has witnessed over the last couple of years. In his new role, we are confident that he will be able to contribute immensely in achieving our business objectives."
MORE STAKE FOR DISH TV PROMOTERS
Veena Investments, one of the promoter companies of Dish TV, has agreed to buy 4.95% stake from the Dhoots in Dish TV Videocon. The Dhoot family is the promoter group of Videocon d2h.
With this, the shareholding of the Dish TV promoter group in the enlarged company will go up to 40.95% while that of Videocon d2h promoters will fall to 23.05%.
Dish TV promoters will also an option to purchase an additional 4.95% stake, one year after shares of the merged entity start trading on the bourses.
The proposed transaction depends on the merger being effected, which is subject to the approval of various regulatory authorities.
Observers opine out that the sale would violate the TRAI's cap of 33% market share by any player. Dish TV Videocon will have a 45% market share.
Hathway Cable & Datacom's cable TV ARPU (Average Revenue Per User) in DAS Phase III areas has increased to Rs. 30 in the fiscal Q-2, from Rs. 25 Q-1. Hathway expects these ARPUs to rise to approximately Rs. 50 to Rs. 60 by end March 2017.
For Phase I, the ARPU in March 2017 is projected to be between Rs. 115 and Rs. 120. Cable TV ARPU for DAS Phase II areas will be Rs. 7 to 10 lower than for Phase I areas.
In Q-2, Hathway deployed 800,000 STBs in Phases III and IV, thus taking its digital subscriber base to 11.8 million. With this, the MSO has digitised 92% of its cable TV universe.
Hathway STBs deployed:
Phase I : 2.3 Million
Phase II : 4.0 Million
Phase III : 5.6 Million
The company has 560,000 STBs in stock for immediate deployment.
Hathway's standalone company has 140,000 HD subscribers.
The MSO's content cost is Rs. 30 per subscriber, compared to Rs. 26 a year ago.
500 CR TO BUY BIG FM
The promoters of Zee Media Corporation Ltd (ZMCL), will spend Rs. 500 crore to buy Anil Ambani's 92.7 Big FM radio business.
The ZMCL board has granted in-principal approval to avail secured loans up to Rs. 500 crore from promoter company Arm Infra & Utilities to fund its acquisition of Reliance Broadcast Network's (RBNL) FM radio business. The enterprise value of 92.5 Big FM is Rs. 1,592 crore, i.e. ZMCL will pay Rs. 780.08 crore for the initial 49% stake.
ZMCL will have the option to buy the remaining 51% after the 3 year license lock-in ends in 2018. As per MIB licence conditions, FM radio companies cannot sell majority stake for atleast 3 years from the operationalisation of the licence.
The transaction is expected to complete by June 2017.
CHROME DM FOR HOTELS
Chrome Data Analytics and Media, India's largest Primary Research and Data Analytics Company, has launched Hotel Track for Broadcasters and Distribution Service Providers to track their channel availability across premium hotels in India.
Chrome Hotel Track covers 156 Five Star Hotels, as well as 203 Four Star and 257 Three star Hotels across India. With the report, broadcasters will be able to get:
♣ Channel Availability
♣ Competitor's Channel Availability
♣ Neighbourhood Insights
♣ Total Rooms & Average Occupancy
Founded in 2008, Chrome DM has a team of over 650 field staff, over 150 managerial team and 450 tele-callers speaking over 22 languages to gather data from 3300 towns and 2,15,000 villages.
NIELSEN TO ACQUIRE GRACENOTE
Just a couple of years ago, Gracenote acquired Indian TV listings and data company 'What's On'.
Now, Gracenote has been acquired by TV viewing monitor Nielsen for $560 million (Rs. 3,805.6 crore) from Tribune Media Services.
The transaction is expected to close during the first quarter of 2017, financed through a combination of cash and debt.
Gracenote provides reference information for over 12 million movie and television listings and 200 million music tracks, and drives the interfaces of the major streaming digital media services, as well as the connected technology systems in over 75 million automobiles.
By bringing Gracenote's capabilities into its measurement framework, Nielsen will have the ability to provide clients with deeper analytics on consumer behaviour and offer an unprecedented view of audience engagement from discovery to consumption.
DEN PLANS OTT SERVICE
DEN Networks narrowed its consolidated net loss in the fiscal second quarter to Rs. 47.9 crore, while content cost saw a small rise. The MSO plans to launch OTT service soon.
"There has been a significant improvement in the subscription i n c o m e during the s e c o n d quarter for the cable business of DEN at Rs. 176 crore (inclusive of taxes). ARPU (including taxes) for DAS 1/ 2 and 3 markets stood at Rs. 113, Rs. 90 and Rs. 51 per set-top box (STB) respectively. Phase 3 ARPU has grown almost 35% on a QoQ basis from Rs. 38 per box in Q1 with collection efficiency at 95%," said DEN Networks CEO SN Sharma.
"The collection efficiency continues to be strong at 95% +. We are hopeful to achieve an ARPU of Rs. 70 per box in DAS Phase III areas by January 2017," Sharma added.
Content cost during the quarter was Rs. 118.3 crore as opposed to Rs. 112.5 crore in the trailing quarter. In the year-ago period, content cost was at Rs. 128.1 crore.
As of November 2016, the ARPU has further improved to Rs. 123, Rs. 92 and Rs. 58 per box for the three DAS areas respectively.
Broadband revenue rose to Rs. 20.7 crore from Rs. 17.8 crore in the preceding quarter. A year ago, broadband revenue was at Rs. 8.1 crore. n