Sun Group & India Today Group’s net revenue up by 116% & 68 % respectively
In 2017 media houses across TV, print and entertainment have registered encouraging growth with some even witnessing 116 per cent jump in net revenues.
Published - Feb 7, 2018 8:50 AM Updated: Feb 7, 2018 8:50 AM
Indian media majors have many reasons to label 2017 as a year of positive growth. Despite the twin blows of demonetization and GST, the media sector was able to bounce back and register some encouraging numbers in its favour. From television to print to digital, media across sectors has witnessed phenomenal growth. The data mentioned here has been sourced from Business World, our sister publication.
If we look at 2017, media houses across TV, print and entertainment have registered encouraging growth, with some witnessing 116 per cent jump in net revenue.
Among the biggest gainers in 2017, Kalanithi Maran’s Sun Group tops the list. Sun Group consists of 33 Television Channels, 45 FM Radio Stations, 2 Daily Newspapers, 5 Magazines and an IPL franchise. It also has one of largest DTH services in India. Under the leadership of Kalanithi Murasoli Maran, who is the Chairman and Managing Director of Sun Group, the company gained 116% in net worth with net revenue growing from Rs 16,228 crore in 2016 to Rs 35,892 crore in 2017
Another big gainer in 2017 was The India Today Group which has interests in magazines, newspapers, TV and digital. India Today Group witnessed an impressive 64 percent growth in its net revenue which stood at Rs 1472 crore compared to Rs 897 crore in 2016.
Interestingly both the top net revenue gainers in 2017 have significant investments in television. It must be mentioned that television is witnessing continued growth on the back of growing ad spends which crossed $9300 million in 2017 and is expected to reach $10,500 million in 2018.
If we look at the print players, HT Media Ltd was the biggest gainer with 18% jump in net revenue. The company’s net revenue stood at Rs 3118 crore in 2017 compared to Rs 2632 crore in 2016. In recent years under the leadership of Shobhana Bhartia, who is the Chairperson and Editorial Director of HT Media Ltd, the company has made some major investments to tackle the onslaught of growing competition from online platforms.
Even the recent IRS data ranks Hindustan Times as the second largest read English daily with a total readership of 68,47,000, something which will help the brand maintain its leadership position in the coming time.
It is not just the TV and Print players that dominate the list of top wealth gainers in 2017, the entry of Ajay Bijli Chairman and Managing Director of PVR Ltd shows the growing clout of the entertainment business. Bijli is credited for revolutionizing the film exhibition business with his chain of multiplexes across the country. In 2017 the company’s net revenue witnessed 17 per cent dip closing at Rs 1343 crore compared to Rs 1360 crore in 2016.
The other names from the entertainment domain that are among India’s biggest revenue gainers include Sameer Manchanda’s DEN Networks which witnessed net revenue growth of 63 per cent. In 2017, DEN Network’s revenue rose from Rs 480 crore which rose to Rs 784 crore. Talking about entertainment sector, Shemaroo Entertainment Ltd, which is an integrated media content house with activities across content acquisition, value addition to content and content distribution, gained 8 per cent in net revenue which stood at Rs 754 crore in 2017 compared to Rs 699 crore in 2016.
Similarly, Kishore Lulla’s Eros International, which is into film production and distribution, witnessed 22 per cent growth in revenue in 2017 which rose to Rs 1383 crore in 2017 from Rs 1131 crore in 2016.
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