Sun NXT, the over-the-top (OTT) streaming platform run by Sun TV now has over 2 crore users, with the majority acquired through the tie ups with telecom operators and other OTT players. The development was shared by SL Narayanan, group chief financial officer at Sun TV Network in the first quarter earnings call on Friday. Narayanan also said that the platform does host users “who have come organically” but “that... Read More
Parallel release of movies on over-the-top (OTT) platforms and multiplexes is a “concept” that is “prevalent only in the US and some other western markets,” says Kamal Gianchandani, chief executive officer at PVR Pictures. Gianchandani in the first quarter earnings call in late July, said that the “concept” of a “simultaneous release” is “not applicable to India.” The CEO at PVR Pictures was responding to an analyst question on the... Read More
Zee5, the over-the-top (OTT) streaming platform run by Zee Entertainment Enterprises is “showing early signs of success on expected lines.” The development was shared by Punit Goenka, chief executive officer at Zee Entertainment Enterprises in the first quarter earnings call on Friday. Goenka highlighted that the company released “two big properties” in its first quarter including Radhe, an Indian film starring Bollywood actor Salman Khan. Further, the company also released... Read More
Bharti Airtel, the second largest wireless operator in India delivered healthy growth “beyond expectations” in its first quarter of the current financial year, say multiple analysts. The operator on Tuesday reported its first quarter results with Airtel recording Rs 26,854 crore in quarterly revenue, translating to an 21.2% year-over-year (YoY) increase on “comparable basis.” Airtel recorded Rs 284 crore in consolidated net income while the average revenue per user (ARPU),... Read More
Native Snapchat lenses on the upcoming JioPhone Next is an “interesting integration,” says Ygal Arounian, an analyst at Wedbush Securities. Arounian told TelecomTalk that such native integrations could “help” Snap to welcome “more international audiences into Snapchat’s ecosystem.” JioPhone Next, the smartphone “jointly developed” by Jio Platforms, a majority-owned subsidiary of Reliance Industries and Google, was unveiled by Mukesh Ambani, Reliance Industries chairman, at the company’s annual general meeting in... Read More
Vodafone Group, a leading telecommunications company in Europe and Africa is only offering “practical support” to Vodafone Idea, says Nick Read, chief executive officer at Vodafone Group. Read in the first-quarter earnings call on July 23, 2021, said that Vodafone Idea, the third-largest wireless operator in India, is in a “difficult situation that they are trying to navigate.” However, Read said that the parent Vodafone Group will “not” be “putting... Read More
Reliance Jio, the largest wireless operator in India recorded “robust performance” in its first quarter of the current financial year, say analysts. The oil-to-telecom conglomerate, Reliance Industries on Friday announced its first-quarter results with the company recording Rs 13,806 crores in consolidated net profit for the quarter ended June 30, 2021. Reliance Industries highlighted that Jio Platforms, its majority-owned subsidiary, recorded Rs 3651 crore in net profit in the quarter,... Read More
Bharti Airtel, the second-largest wireless operator in India is set to record a 3% increase in revenues in its upcoming quarters, say multiple analysts. The operator on Thursday announced “upgrades” to its retail and corporate postpaid plans to “serve evolving” user needs with the minimum plan for corporate users now priced at Rs 299, up from Rs 199. Similarly, Airtel has also tweaked its retail postpaid plans with the price... Read More
Netflix, the American over-the-top (OTT) streaming platform, witnessed “some increase” in user acquisition in India in its second quarter, Spence Neumann, chief financial officer at Netflix, said in its earnings call. The streaming giant on Tuesday reported its second-quarter financial results, with Netflix recording US$7.3 billion (around Rs 544 billion) in revenue, translating to a 19% year-over-year (YoY) increase. The company said that its operating income hit US$1.8 billion (around... Read More
Cinedigm India division is set to “develop streaming services” for the Indian and South Asian markets, says Gary Loffredo, chief operating officer at Cinedigm. The independent streaming entertainment company in early March announced the creation of its India division, with Cinedigm highlighting that its team will “begin development and planning for a new, branded global ‘umbrella’ service.” In its release, Cinedigm said that its new “umbrella service” will “showcase” the... Read More
Tata Sky along with other standalone cable and Direct-to-Home (DTH) players “could get affected with the growing adoption of multiplay services in the urban areas,” says Deepa Dhingra, senior telecom analyst at GlobalData. According to a report released by GlobalData, a data and analytics company in late June, multiplay service revenues are “expected” to record a 5.4% compound annual growth rate (CAGR) between 2020 and 2025. Among the multiplay households,... Read More
ZEE5 and Sun NXT, the over-the-top (OTT) streaming platforms run by ZEE Entertainment Enterprises and Sun TV are “expected” to drive up the subscription revenues for the respective companies, say analysts. In the first quarter results of the current financial year, multiple analysts expect the broadcasters including ZEE Entertainment Enterprises and Sun TV to record a “sequential dip” in advertising revenues. However, the analysts say the broadcasters are set to... Read More
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