JavaScript must be enabled in order for you to see the posts in this forum. However, it seems JavaScript is either disabled or not supported by your browser. To see the posts, images and links please enable JavaScript by changing your browser options, then try again.


Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Breaking News :  Star India valued at $11.3 billion: Morgan Stanley
Monday 31-August-2015, 21:26,
Star India valued at $11.3 billion: Morgan Stanley
MUMBAI:
Media
tycoon
Rupert
Murdoch
has
reason
to
cheer
as
21st
Century
Fox’s
India
subsidiary
-
Star
India
has
emerged
as
a
strong
contributor
to
the
parent
company.
As
per
a brokerage
firm
Morgan
Stanley’s
Year
End
‘Fair
Market Value’ report for financial
year 2016, Star India has been valued
at a whopping $11.3 billion, leaving
behind its competitors.
The number makes a deeper impact on
the parent company’s financial
performance worldwide as ad revenue
for the media giant from developed
markets is slowing.
End of June financial reports saw Star
India’s earnings from just
entertainment business alone at about
Rs 1,920 crore while Zee's profits for
the year at the end of March earlier
this year was at Rs 831 crore with a
Rs 3,426 crore revenue.
An earlier report titled ‘Grow Fox,
Grow’ from the same investment firm
recognised Star India’s growing
profitability as one of the key drivers
of healthy acceleration in financial
year 2017 for 21st Century Fox. On
the basis of their growing revenue,
the report estimates Star India to
contribute 11.3 per cent to the
overall fair market value of the
American parent. The report comes in
the wake of a financial statement
released by 21st Century Fox
highlighting their overall performance
and acknowledges the role played by
Star Sports in giving Fox a
commendable financial year.
In an earlier financial report released
by the company, media mogul and 21st
Century Fox executive chairman
Rupert Murdoch highlighted the
importance of their newly acquired
sports rights. “The appeal of our new
sports rights resonated with
consumers globally, whether it was
Star Sports in India setting new
records with hundreds of millions of
viewers for the ICC Cricket World
Cup, or the more than 25 million
viewers who watched the Women's
World Cup Final on FOX,” said
Murdoch.
With Star India acquiring broadcast
rights of Board of Control for Cricket
in India's (BCCI) domestic and
international matches in India
through 2018, the network has made
a conscious effort to optimise their
revenues through sports in India.
As per Morgan Stanley’s report, the
other key factors that will dictate
the Fox's performance in FY17 include
TV margin expansion, operating
leverage from domestic affiliate
revenue growth and growth at film
productions, which was valued at $4.7
billion.
On the other hand, the risks to the
growth over the next two years are
advertising pressures, pay TV sub
erosion against the strong pricing
growth at Fox's networks and capital
allocation as forecasters feel that
Fox is most likely to lead the industry
in the dynamic landscape ahead.
http://www.indiantelevision.com/televisi...ley-150831
ANIL G
Add Thank You Reply
[-]


Possibly Related Threads...
ThreadAuthorRepliesViewsLast Post
  India to have a billion unique mobile subscribers by '20; Delhi talent favourite Sandesha 0 25 Monday 28-November-2016, 19:27
Last Post: Sandesha
  India television market to reach over US$ 9 billion by '21: Report Sandesha 0 30 Saturday 26-November-2016, 08:16
Last Post: Sandesha
  Breaking News: Discovery Science to launch Season 6 of ‘Through the Wormhole with Morgan Freeman’ anil g 0 212 Thursday 02-July-2015, 08:18
Last Post: anil g
Thumbs Down Breaking News: Star India to launch second Tamil GEC Star Vijay Plus or Star Vijay2 HMinfo.in 1 910 Tuesday 10-June-2014, 13:50
Last Post: amatan



Users browsing this thread: 1 Guest(s)

DMCA.com Protection Status