RBNL Radio Operations continue to remain Ebit positive

Mumbai: Reliance Broadcast Network Ltd., India’s youngest multi-media entertainment conglomerates with play across the businesses of radio, television, out of home, intellectual property and television production closed the quarter ending June 2011. The Company announces its results on the back of strong performance in its radio operations which remain EBIT positive.

Standalone Key Performance – quarter ended June 2011 vs. quarter ended June 2010:
• RBNL reported revenues of Rs. 80.7 Cr, up by 55%
• Segmental Revenues
• Radio broadcasting business reported revenue of Rs. 49.5 Cr posting a growth of 22%
• Intellectual property business revenues grew 33% to Rs. 7 Cr
• OOH business posted a growth of 13% to Rs. 5.1 Cr growth in sales performance
• Television production business posted top line of Rs. 16.4 Cr
• Radio remains EBITDA positive at Rs. 16.3 Cr
• RBNL Standalone PAT Rs. (3.5) Cr

Consolidated Key Performance – quarter ended June 2011 vs. quarter ended June 2010:
• Reported Consolidated revenues of Rs. 75.2 Cr
• Total Consolidated PAT reported of Rs. (29.1) Cr
• Radio broadcasting business reported a PAT of Rs. 2.3 Cr
• Reported losses primarily due to initial expenses related to television channels launched during the quarter – BIG Magic & BIG CBS Spark

The quarter saw the Company sign a joint venture with the leading European Entertainment Network, RTL Group, part of Bertelsmann AG to launch two thematic television channels in India through an equally owned joint venture Company. The Channels will launch in this fiscal.

92.7 BIG FM:
• Serves around 1700 clients each month, with 600 new clients added during this quarter
• 92.7 BIG FM launched the BIG Phataka League in sync with IPL season, taking 11 most controversial celebrities on air covering their take on cricket
• 92.7 BIG FM bagged the highest number of awards, by an Indian radio network, at the prestigious New York Festivals, having brought home 5 awards
• BIG 30 Countdown, the evening drive show consistently rated No. 1 show in Mumbai
• BIG FM Stations in Bangalore and Kolkata continue to be leaders in both cities

BIG Live:
• The BIG Television Awards hosted in association with Star Plus saw excellent participation and was a resounding success
• The BIG STAR IMA Awards, the most authentic music awards platform in association with the Indian Music Academy and the STAR Network aired on the Star Plus

BIG CBS:
• The 3 BIG CBS Channels consolidated their position and stands as the No.1 English General Entertainment Network
• The quarter saw the launch of India’s first youth entertainment channel, BIG CBS Spark, which has been consistently rating No. 1 in TSV (time spent viewing) amongst English General entertainment channels
• BIG CBS Prime has consolidated its position and beaten stiff competition, attracting upper SEC young males across the 7 metros to rank No. 3 in the English general entertainment genre, CS 25-44 yrs SEC AB Males
• BIG CBS Prime announced its localized intellectual property on the channel – ‘India’s Sexiest Bachelor’ featuring the top 10 bachelors from the Indian entertainment landscape

BIG MAGIC:
• RBNL launched BIG MAGIC, a variety entertainment channel targeted at the Hindi heartland – UP, MP, Bihar & Jharkhand. The Channel has grown quickly to move ahead of regional print and regional TV channels to become the No.1 media platform in the region.
• The Channel was a runaway success, growing rapidly to reach a 90 lakh plus weekly reach and 20 GRP’s (TAM CS 4+) in just a few weeks of launch
• Key programs include Lo Kallo Baat with host Aman Verma, Khiladi No. 1 an on ground game show, where the local consumers get a chance to appear on television, Movie Magic – a weekend action film segment airing dubbed films of Jackie Chan and Bruce Lee

BIG Productions
• Reliance Broadcast Network acquired BIG Productions, a business division which excels in content production for television channels from Reliance BIG Entertainment Pvt. Ltd., providing growth impetus and excellent synergies with existing businesses
• Executed key shows for both national as well as regional television channels viz. Comedy ka Maha Mukabala (Star Plus), Saregama Little Champs(Zee TV), Swapnacha Palikadale (Star Pravah), Halla Bol (ETV Marathi), Motiba (ETV Gujarati), Lo Kallo Baat (BIG Magic)

Commenting on the performance, Tarun Katial, Chief Executive Officer, Reliance Broadcast Network Limited said, “We are happy to announce good quarterly results. The radio broadcasting business will be a catalyst for future growth with phase III allowing for it to further consolidate, as it continues to be EBIT positive. We are further strengthening the television broadcasting business with the launch of BIG MAGIC, which has created quick success for itself. BIG CBS Spark launched in the quarter, marking the successful completion of the BIG CBS bouquet. The carefully crafted television portfolio targeting the top and bottom end of the pyramid are seeing good traction. The recent acquisition of BIG Productions enhanced our top-line growth and has a robust revenue pipeline ahead. The Company, under 5 years of age, is on its path towards scale and profitability and is confident to carve out a larger market share with high growth potential in all our divisions.”

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