Viacom18 picked up the three-year broadcast rights for LaLiga, Serie A, and Ligue 1—the top football leagues in Spain, Italy, and France, respectively over July and August 2021 for undisclosed amounts.
TV18’s ad recovery and cost-efficiency drove Entertainment EBIDTA margin to 25 percent while TV News EBIDTA margin ramped up to 19 percent.
The company’s consolidated revenue from operations stood at Rs 1,031 crore in Q2 FY 21, up from Rs 788 crore in the preceding quarter.
TV18 Broadcast Limited and Zee Entertainment had separately moved applications in the Bombay High Court challenging the 24th July directive which was to be initially heard on 6th August.
TV18 has now dropped the soon to be shutdown FYI TV18 and FYI TV18 HD from its bouquets in the new RIO.
Pay broadcasters are mandated to intimate the shutdown of a pay channel before 30 days of the shutdown.
Linear TV subscription grew at 41% in Q4 FY 20 with the contribution of subscription in revenue mix increasing to 35% in FY20, from 26% in FY19.
TV18 is operationally important to RIL’s digital business from customer-acquisition and customer-retention aspect.
