Retail fashion brand conglomerate Lifestyle International Private Limited has reported its revenues for the financial year 2018-19 as Rs 8,467 crore, a 12 per cent jump since the last financial year. The company further reported a net profit of Rs 426 crore during the same fiscal. This is a 5 per cent increase from the last financial year. The company’s total expenses for the fiscal were reported as Rs 7,827 crore as per financial data accessed by business intelligence platform Tofler.
In response to exchange4media’s query, Srinivas Rao, Senior Vice President-Marketing, Lifestyle, attributed the growth to the brand’s focus on strong execution and their customer-centric approach. Rao also shared that the brand will be expanding the offline footprint, targeting to reach the 100-store milestone in two years.
MUMBAI: The direct to home (DTH) operators have presented their views on broadcast tariff-related matters in their submissions to the Telecom Regulatory Authority of India’s (TRAI) consultation paper ‘Tariff related for broadcasting and cable services’.
Dish TV submitted that the uptake of a-la-carte channels has been minimal even after eight months of the new regime coming into force. The DTH operator further stated that there is no linkage between the prices of the bouquets and its constituent channels due to non-implementation of the 15% bouquet discount cap.
The DTH operator suggested that one of the remedial measures to prevent broadcasters from pushing bouquets is to lay down a linkage between the bouquet and the ala carte prices of the channel. This will result in the broadcasters declaring a reasonable rate so that bouquet prices are competitive and enable consumers to choose a la carte also. “In fact, in the absence of the linkage, the regulation has not been tested in its complete format.”
MUMBAI: The All India Digital Cable Federation (AIDCF), the apex body of leading multi system operators (MSOs), has urged the Telecom Regulatory Authority of India (TRAI) to cap the a la carte price of channels at Rs 10.
In its submission to the TRAI‘s consultation paper ‘Tariff related for broadcasting and cable services’, the AIDCF has further stated that the TRAI should consider introducing bouquets based on a la carte pricing. It has also stated that the broadcasters should not be allowed to form bouquets beyond 20% of the total number of channels distributed by them.
The federation has also stated that the TRAI should introduce twin conditions to ensure that the prices of the a-la-carte Channels have a direct correlation with the price of the Bouquets being offered by the broadcasters.
Bengaluru: Zee Kannada has launched the Caller tune for the title track of its new fiction show ‘Jothey Jotheyali’ that is based on an unconventional love story of a couple belonging to different generations.
Jothe Jotheyali title track caller tune is out for subscription on Airtel, Vodafone, Idea, and BSNL on popular demand by the fans of the show. This popular tune will also be released on OTT platforms soon.
The show stands as a witness to the love that surpasses materialistic limits of age, status, and lifestyle, to prove the purity in love between two individuals. Jothe Jotheyali has garnered a total of 171% of growth in the first week of its launch.
Fans have expressed their love for the show and its extraordinary storyline on the channel’s social media pages. The title track of the show went extremely viral on the Zee Kannada’s digital platform.
The considerations by TRAI to reintroduce the 15% discount cap on channel bouquets has been opposed by broadcasters but the suggestion by the regulatory body has found support from some Distribution Platform Operators (DPOs).
DEN Networks has said that the flexibility available to broadcasters to give discounts on the sum of a-la-carte channels forming part of bouquets has been misused and accordingly there is a need to revisit the proviso to Clause 3(3) of Tariff Order 2017 that has not been enforced by TRAI till date.
The proviso to clause 3(3) of the Tariff Order reads: “Provided further that the maximum retail price per month of such bouquet of pay channels shall not be less than 85 per cent of the sum of maximum retail prices per month of the a-la-carte pay channels forming part of that bouquet.” The non-implementation of the said proviso has permitted broadcasters to offer bouquets at a discount as high as 80-90 per cent of the sum of a-la-carte channels forming part of such bouquets.
MUMBAI: Sony Pictures Networks India (SPNI) is looking to massify its niche sports portfolio. While it has mass properties like Cricket, WWE, and the FIFA World Cup the network aims to grow the audience for UFC, UEFA Champions League, NBA, and other football properties besides non-India and Test cricket. Having built a sizable base for these properties, the network believes that the time is ripe to take them to the next level.
The NBA is expected to get a big boost from the pre-season games that will take place in the city early next month. The focus rests on smart marketing initiatives like getting in celebrities who are passionate about sport, having more focussed programming initiatives and sometimes starting a push well in advance. An example of this is the Olympics where SPNI released an anthem for the event a year ahead of the 2020 Tokyo edition.
MUMBAI: The Indian Broadcasting Foundation (IBF) has refuted Telecom Regulatory Authority of India’s (TRAI) criticism that broadcasters are resorting to heavy discounting to push bouquets.
In its submission to the TRAI on the consultation paper ‘Tariff related issues for Broadcasting and Cable services’, the IBF submitted that only 1 bouquet out of the 331 bouquets offered by top five broadcasters has a discount higher than 65%. It further stated that 15% of bouquets have a discount that is less than 35%, and 66% have a discount that is 50% or less.
The IBF also pointed out that higher discounts ultimately benefit the consumer, as it delivers better value for money.