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Sports, digital to drive Viacom18 revenue for 'foreseeable future'

SportzPower Team

Apr 23, 2024 21:04

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Revenues at Viacom18, the media arm of Mukesh Ambani’s Reliance Industries Limited (RIL), grew by 49% for the 2023-24 financial year on the back of sports and news. The company’s revenues reached Rs 10,826 crore ($1.3 billion) in FY24 as compared to Rs 7,266 crore ($872m) in FY23.

Per the company’s statement, sports was the biggest driver of revenue growth for Viacom18.

EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) was significantly down however - from $28.3 million the previous year to $3.9m.

Apr 23, 2024 20:04

Marketing agency Sociapa wins digital mandate for Tennishub

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Apr 22, 2024 21:04

rEvolution wins AoR mandate for ICC Men's T20 World Cup 2024

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Apr 22, 2024 20:04

Dish TV launches service with 'built-in OTT' - Dish TV Smart+

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Apr 19, 2024 19:04

'After 31 IPL games, categories, advertisers count up 59%, 38%'

MUMBAI: TAM Sports has released the TAM Sports - IPL 17 Advertising Update 4, which has analysed data from the first 31 games of this year's 17th edition of the Tata Indian Premier League, and for all the channels on which matches were telecast, and how it compares with IPL 16.

Apr 19, 2024 19:04

Disney Star: Cum reach at 448m viewers after 22 days of IPL '24

Disney Star, the official broadcaster of IPL 2024, on Thursday said it continues to see a rise in TV viewership for the marquee tournament. According to BARC data, Disney Star has registered a cumulative reach of 44.8 crore viewers for the first 22 days (26 matches) of IPL 2024, garnering 18,800 crore minutes of total watch-time on TV.

Apr 18, 2024 20:04

Sakshi Malik among 'TIME100: The Most Influential People'

Olympic wrestling medallist Sakshi Malik has been listed among the 100 most influential people of 2024 by TIME magazine. TIME released its list of the 100 Most Influential People for 2024 on Wednesday. The annual list, which asks cultural and political icons to highlight the changemakers of the past year, features dozens of athletes, entertainers, artists and politicians.

Apr 18, 2024 20:04

Pokémon partners with Mumbai Indians for IPL 2024

Pokémon, a global entertainment brand, has become an official partner of the Mumbai Indians for the 2024 season, in an unexpected tie-up between sports and entertainment. Pikachu, the most well-known and loved Pokémon, has been present at the Pokémon booth in the Wankhede stadium to show support for the team and interact with visitors at the venue.

Apr 17, 2024 19:04

53% urban Indians polled claim to follow IPL: Survey

MUMBAI: With the Tata Indian Premier League 2024 extravaganza off to a flying start, an Ipsos IndiaBus pan India IPL Survey shows at least 1 in 2 urban Indians polled (53%) claim to be following the IPL. The Men’s T-20 annual sporting event in its 17th year, has a run of about 60 days, making it a highly engaging event for cricket lovers.

Apr 17, 2024 19:04

Glance revenues surge 78% in FY23: Report

Mobile-first content platform Glance generated a revenue of Rs 317 crore in FY23, up by 77.7% from Rs 178 crore in FY22, consolidated financial statements filed by the group’s holding entity in Singapore show, according to TheKredible. However, the Bengaluru-based firm’s losses also grew during the period to Rs 1,067 crore in FY23, up from Rs 900 crore it had incurred in FY22.

Apr 17, 2024 19:04

ZEE withdraws Sony merger execution plea from NCLT

ZEE Entertainment Enterprises Ltd (ZEE) will withdraw the merger implementation application filed before the National Company Law Tribunal (NCLT), Mumbai bench. The step taken by the Company to withdraw the implementation application is based on the advice received by the Board after a detailed consultation with legal experts.

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