MUMBAI: Streaming giant Netflix beat analyst estimates in its first quarter earnings and added record number of subscribers. The streaming platform reported paid net additions of 9.6 million in Q1 2019, up 16 per cent year-on-year (y-o-y). In terms of revenue also, it reported $4.52 billion in revenue in the quarter, higher than projected.

MUMBAI: Telecom Regulatory Authority of India (TRAI) on Tuesday directed six distribution platform operators (DPOs) to comply with all provisions of its new tariff order for the broadcast and cable services sectors within five days.

As competition in OTT space intensifies, home-grown platform AltBalaji is revisiting its growth strategy. The platform has decided to move out of kids’ segment, launch a pipeline of shows for different languages and have multiple seasons of its successful shows.

Hotstar has awarded the social media mandate for its subscription-based services Hotstar Premium and Hotstar VIP and its original content label Hotstar Specials to Social Kinnect, the independent digital marketing agency. This mandate was won following a multi-agency pitch.

Europe’s consumer appliance giant Technicolor SA-owned Thomson TV has dedicated the new financial year to content-based marketing initiatives with an aim to reach the target audience.
 

The Week 14 data of Broadcast Audience Research Council (BARC) India has been released. In the across genre category, Sun TV bagged the third position among top 10 channels with 892 million impressions. Star Maa bagged the fifth spot with 687 million impressions. Colors Kannada, Asianet, Star Maa, SUN TV retained their positions in their respective markets. 

ABP News Network launched a 24-hour news channel yesterday called ABP Ganga which will cater to the states of Uttar Pradesh and Uttarakhand. exchange4media spoke to Avinash Pandey, CEO, ABP News Network, about what the channel is aiming for in terms of viewership targets and what will be its election strategy.

PVR Cinemas has teamed up with GyFTR (Vouchagram), online-to-offline (O2O) peer-to-peer gifting platform, to power its e-gift vouchers. The brand will now feature their e-gift vouchers on the GyFTR platform, which will be available for purchase in the following values: Rs 100, Rs 250, Rs 500, and Rs 1000.

MUMBAI: Multi system operator (MSO) DEN Networks has posted consolidated EBITDA of Rs 38 crore for the quarter ended 31st March as against Rs 47 crore in the trailing quarter. In the corresponding quarter of the previous fiscal, the EBITDA stood at Rs 59 crore.

The company posted consolidated revenue of Rs 275 crore in Q4 as against Rs 308 crore. The cable subscription revenue stood at Rs 159 crore as against Rs 172 crore a quarter ago. Placement revenue came in at Rs 66 crore as against Rs 81 crore. The broadband subscription income remained flat at Rs 17 crore.

MUMBAI: Balaji Telefilms-owned subscription video on demand (SVoD) platform ALTBalaji is hoping to break-even in next 12 to 18 months, a senior company official stated.

“Usually, a digital platform becomes profitable in 36 months since its launch and we are now in the 24th month. So in the next 12 to 18 months, the platform should break even,” ALTBalaji CEO Nachiket Pantvaidya told reporters here.