Quint Digital Media records 68% growth in FY22 revenue

The company has posted a net profit of Rs 4.8 crore

e4m by e4m Desk
Published: May 31, 2022 7:38 AM  | 2 min read
Quint

Quint Digital Media has recorded the highest ever full-year revenue of Rs 35.55 crore for the fiscal ended 31st March 2022. The company has registered a growth of over 68% vis-à-vis FY21 revenue of Rs 21.1 crore.

While the expenses jumped to Rs 30.16 crore compared to Rs 23.16 crore, the company posted a net profit of Rs 4.8 crore against a net loss of Rs 1.85 crore.

During the quarter ended March 31, 2022, the company completed the acquisition of identified stakes in the digital media and media-tech operations of Quintillion Business, Quintype Technologies, Spunklane Media, and YKA Media. The consolidated results for the full year ended March 31, 2022, include the financial performance of the said acquisitions.

Operating revenues for Q4 FY22 stood at Rs 10.31 crore compared to Rs 6.5 crore in Q4 FY21. Expenses rose to Rs 8.8 crore against Rs 6.3 crore. The company's net profit zoomed to Rs 1.3 crore from Rs 45 lakh.

QDML had acquired identified stakes in the digital media and media-tech operations of Quintillion Business Media, Quintype Technologies India Private Limited, Spunklane Media Private Limited, and YKA Media Private Limited on January 19, 2022.

In accordance with the applicable accounting framework, QDML has consolidated the financial performance of the digital media and media-tech operations of Quintillion Business Media, Quintype Technologies India Private Limited, Spunklane Media Private Limited, and YKA Media Private Limited.

On a consolidated basis, the company recorded total operating revenues of Rs 55 crore, witnessing a growth of 55+% over the previous year. Further, the losses on a consolidated basis witnessed a reduction of more than 58% over the previous year. The net loss shrank to Rs 25 crore from Rs 61 crore.

The Board of Directors of Quint Digital at its board meeting on March 1, 2022, had approved a rights issue of equity shares to raise up to RS 125 crore in fresh capital. QDML is working on finalizing the draft letter of offer for submission to the Securities and Exchange Board of India.

The company has entered into a Franchise Agreement for a period of 5 years and launched its overseas platform named ‘Quint World’ w.e.f April 1, 2022.

Quint Digital and its wholly-owned subsidiary viz. Quintillion Media Limited has entered into definitive agreements with AMG Media Networks Limited for the sale of a 49% stake in Quintillion Business Media Limited (entity housing the business and financial news platform viz. www.bqprime.com). The closing of the transaction is subject to customary closing conditions and approvals.

Quintype Technologies India Limited intends to enter into a master franchisee arrangement for Middle East Territory. The arrangement is subject to necessary approval from the shareholders of QDML.

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TRAI releases consultation paper on encouraging R&D in telecom, broadcasting & IT sectors

The authority has sought written comments from stakeholders by October 23, 2023, and counter comments by November 6, 2023

By e4m Staff | Sep 25, 2023 8:40 AM   |   3 min read

TRAI

The Telecom Regulatory Authority of India (TRAI) has released a consultation paper on 'Encouraging R&D in Telecom, Broadcasting and IT (ICT) Sectors’.

The purpose of the paper, as per TRAI, is to develop a comprehensive ecosystem for enhancing R&D in the ICT sector of the country to ensure processes for generating a pool of R&D scientists/ engineers, duly supported by the government and private partners.

According to TRAI, R&D has played a crucial role in shaping today's world.

However, in the existing R&D ecosystem in India, there are areas of further improvement in promoting R&D ICT sector, learning from the international best practices in R&D and apply relevant learnings in India and also to identify the issues which require interventions in terms of policies and incentives to improve the R&Din the leT sector and help India emerge as a world leader, TRAI stated.

According to the authority, in the consultation paper prepared based on the online brainstorming session and inputs from academia and industry experts from lIT Madras, lIT Kanpur and lIT Hyderabad etc., TRAI has analyzed the important issues which require intervention in the existing R&D ecosystem in India under the three focus elements: "Education & Training System", "Science System" and "Regulatory Framework".

The third focus element "Regulatory Framework" has been divided into two parts, namely, "Policies and Programs" and "IPR Framework". Proactively prioritizing R&D and innovation can create a favourable environment for budding entrepreneurs and innovators in the country. In the consultation paper, TRAI emphasises the need to build a robust R&D ecosystem and discusses potential issues which need to be addressed to enable the same.

TRAI said, “Technological advancements and convergence in Telecom, Broadcasting and ITsectors are taking place at a rapid pace. Some of the emerging trends in these sectors are 5G, 6G, Open-RAN, Internet of Things (loT),AI and ML, Distributed Ledger Technology (DLT), Augmented Reality (AR), Virtual Reality (VR) and Metaverse, Quantum Computing, Cloud Services, Edge computing, Network Function Virtualization (NFV), Software Defined Networking (SDN), Over-The-Top (OTT)services and Hybrid Set Top Box (STB) etc.”

In the Consultation Paper, TRAI said they also explored the R&D ecosystem of leading countries in R&D and innovation space. These include Israel, Republic of Korea, United States, Sweden, Japan, Switzerland, Germany, Denmark, Finland etc. International best practices in R&D may act as key learnings for India in its ambition to strengthen its R&D ecosystem and become a $5 trillion economy.

The authority has sought written comments from stakeholders by October 23, 2023, and counter comments by November 6, 2023.

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Ad filmmaker Elias Kazmi critical after road mishap

Kazmi, who is Director-Production at Turner International India, was allegedly hit and dragged by a car being driven by a juvenile in Jammu

By e4m Staff | Sep 22, 2023 12:25 PM   |   1 min read

Turner

Ad filmmaker Elias Kazmi (58) has met with an accident and is on ventilator support, as per media reports. He was riding a scooter and was dragged leaving him with critical injuries.

Kazmi, who is Director-Production at Turner International India, was allegedly hit and dragged by a car being driven by a juvenile. The incident took place in Jammu's Bhatindi, media networks reported.

According to reports citing eyewitness accounts, Kazmi approached the juvenile behind the wheels of a Mahindra Thar after colliding with the vehicle. The 16-year-old son of the deputy superintendent of police in Jammu and Kashmir allegedly hit the filmmaker again, dragging and critically injuring him in the process.

Friends and family have started a social media campaign to highlight the issue and to ensure justice is served.
Kazmi is currently on life support. 

 

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Aaj Tak's Anjana Om Kashyap teams up with her AI doppelganger

With general elections around the corner, Anjana and Anjana 2.0 will be seen in a partnership both on-ground and on-screen

By e4m Staff | Sep 21, 2023 2:41 PM   |   1 min read

Anjana Om Kashyap

Aaj Tak has launched India’s first ever AI Anchor modelled on a ‘human’ anchor. Hindi news anchor and Aaj Tak’s prolific news presenter, Anjana Om Kashyap, will now be complemented with an AI Avatar, Anjana 2.0.

With general elections around the corner, Anjana and Anjana 2.0 will be seen in a formidable partnership both on-ground and on-screen.

Anjana is the Managing Editor of 'Aaj Tak' popular for her shows ‘Halla Bol’ and ‘Special Reports’. Introduced on prime time on Tuesday, the AI avatar has already started to create a buzz on social media with netizens pouring in with their comments.

With Anjana 2.0, Aaj Tak will have its second AI Anchor featuring on prime-time programming on a national television channel. In the recent past, Aaj Tak introduced India’s first-ever AI Anchor SANA’ who is gaining success owing to her news presentation and production with wide-ranging interviews of State heads, Business leaders, Entertainment megastars etc. In under six months, Sana has already earned numerous accolades both on a national and international scale, including interacting with PM Modi (first AI Anchor to interact with a head of the state), Reading a French bulletin, anchoring a dedicated show on prime-time, and interacted with global business leaders like Brad Smith of Microsoft, celebrities like Shahrukh Khan and TV personality Seema Taparia.

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Post merger, ZEEL to be replaced by Culver Max Entertainment on FTSE Global Equity indices

As per FTSE Russel, the merger’s date is not known yet

By e4m Staff | Sep 21, 2023 8:59 AM   |   2 min read

Zee-Sony

Zee Entertainment Enterprises Ltd (ZEEL) will be de-listed from FTSE Global Equity indices following its merger with Culver Max Entertainment (Sony Entertainment India), media networks have reported.

FTSE Russel has said the date of the merger is not known yet, media reports say.

Under the merger terms, Zee Entertainment Enterprises shareholders will receive 85 new Culver Max Entertainment shares for every 100 shares held.

“...subject to the completion of the merger, FTSE Russell anticipates Culver Max Entertainment will replace Zee Entertainment Enterprises in the FTSE Global Equity indices based on the merger terms on the effective date of the merger," it said.

According to Karan Taurani, senior vice president of research at brokerage Elara Capital, the delay is marginal. He added that there could be a marginal delay in filing the merged entity's closing precedents (CPs). The record date for a merger is usually given one week before delisting. As a result, relisting could take place in the second week of December 2023, he said.

On August 10, the Mumbai Bench of NCLT had given its nod to Zee's $10 billion merger with Culver Max. It had dismissed the objections raised by lenders including IDBI Trusteeship, IDBI Bank, Axis Finance, JC Flowers Asset Reconstruction Co and Imax Corp.

Recently, IDBI Bank and Axis Bank have moved the NCLAT challenging the NCLT order that had cleared the decks for the merger of ZEE and Sony after a roller-coaster ride of two years.

The journey of the merger began in December 2021 with ZEEL’s Board of Directors considering and approving the Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013 (Scheme), whereby the Company and Bangla Entertainment Private Limited, an affiliate of Culver Max Entertainment Pvt Ltd (formerly known as Sony Pictures Networks India Private Limited), shall merge in Culver Max Entertainment Pvt Ltd.

After getting the requisite approvals and NOCs from shareholders and certain regulators, including SEBI and the Competition Commission of India (CCI), the company filed a petition with NCLT for approval of the scheme.

On July 11, the tribunal reserved its order on the merger following hearing objections from several creditors, including Axis Finance, JC Flower Asset Reconstruction Co., IDBI Bank, IDBI Trusteeship and Imax Corp.

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8 of 10 South cinema goers visit theatre at least once a month, twice national avg: GroupM

As per the GroupM South Cinema Audience Behaviour Report, Amazon Prime is the most-used entertainment app across regions

By e4m Staff | Sep 20, 2023 12:56 PM   |   2 min read

Cinema

GroupM has launched the South Cinema Audience Behaviour Report that sheds light on the movie-going habits of the South cinema audience and provides insights to advertisers and marketers.

According to the report, ‘watching a movie at a theatre’ has the highest monthly average frequency of all outdoor leisure activities among South cinema audience - with an average of 1.8 visits per month, translating to 22 visits annually. The report also reveals that 8 out of 10 South Cinema audience visit a theatre at least once a month, which is twice the national average.

Commenting on the report, Ajay Mehta, MD - Cinema and OOH, GroupM India said, "Our report is a game-changing tool for marketers and advertisers looking to engage with South Cinema audience. By shedding light on the unique preferences and behaviours of this audience, we can now tailor our campaigns to resonate with them on a deeper level. A noteworthy example is the exceptional success of 'Jailer,' starring Rajinikanth, which has become the top-grossing Tamil film in India. Impressively, 'Jailer' ranks as the second-fastest Tamil film to amass an astonishing ₹550 crore worldwide at the box office. The fact that a heavy cross-section of South Cinema audience is watching 32 movies in a year highlights the immense potential of this market. With the South Cinema Audience Behaviour Report, we are equipped with the insights needed to tap into this potential and drive real business results."

The report further highlights that 'heavy' South moviegoers visit the cinema on an average of 32 times annually, which is 20 visits more than the national average. Further, the heavy cross-section of South Cinema audience from Andhra Pradesh & Telangana and, Kerala watches 36 movies in a year.

The report also throws a light on language preferences among the South Cinema audience.
In Karnataka, Telugu is the second most preferred language among those preferring Kannada, while in Kerala, Tamil is the second most preferred language for those preferring Malayalam. The report also suggests that horror/thriller is the top genre for visiting a cinema in Andhra Pradesh & Telangana and, Kerala.

Andhra Pradesh and Telangana cine-goers prefer to watch a movie on the first day with a preference of 66% for any show on the first day. Apparently, all South cinema audience consider nearby theatres.

The South Cinema Audience Behaviour Report provides marketers and advertisers with valuable insights into the preferences and behaviours of Southern states regular cine-goers. The data and insights from this report will enable advertisers to create more effective marketing campaigns and better connect with the South Indian audience.

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Kerala Governor Arif Mohd Khan to be Chief Guest at e4m English Journalism 40 Under 40

The awards honour media professionals across the board -  editors, reporters, anchors, marketing & digital media professionals, videographers, news producers and video editors

By e4m Staff | Sep 20, 2023 8:54 AM   |   1 min read

Arif Mohd Khan

Governor of Kerala Arif Mohammed Khan will be the Chief Guest at the 2nd edition of e4m English Journalism 40 Under 40, to be held in New Delhi.

exchange4media’s English Journalism 40 under 40 recognizes professionals in the domain, be it print, television, or digital. The list will include editors, reporters, anchors, journalists, marketing & digital media professionals, videographers, news producers and video editors.

The list will be out after a highly rigorous jury process at the end of which 40 individuals will be chosen for their outstanding and trendsetting work in their respective spheres.

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Sr journalist Manoj Mathur no more

Mathur was well known for his expertise on regional issues

By e4m Staff | Sep 19, 2023 2:00 PM   |   1 min read

manoj

Manoj Mathur, Editor, Digital, at Zee Media Regional is no more.

Zee Media has expressed deep grief over the demise of Manoj Mathur and paid tribute to him.

Mathur was associated with 'Zee Media' for a long time as Editor of 'Zee' (Rajasthan). Later the management handed him the responsibility of Editor,Digital, at Zee Media  Regional.

Mathur had over two decades of experience in media. Prior to Zee Media, he was  associated with 'India News' for about a year and 'ETV' for over eight years.

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