• Exiting X-Games get exiting sponsors

    Submitted by ITV Production on Jul 18, 2000

    ESPN-Star Sports along with its sponsors will expand its X Games Brand to include new tours in Thailand, Singapore and Taiwan. The ESS event management group is organising the third Asian X Games Qualifier taking place at Phuket, Thailand from 7-10 December. Toyota is continuing with its sponsorship due to the immense success of the previous X games and will take the 2000 Asian X Tour to Singapore, Thailand and Taiwan. Completing the list of confirmed sponsors of this year‘s AXQ is the Tourism Authority of Thailand.

    ESS viewers across Asia, Australia, Japan, Europe and Latin America will be able to enjoy the X games, a competing sport of extreme games. The Asian version of the X games began as the qualifying round of the US summer X games which served as a platform for players of these exiting sports to showcase their talents.

    Along with their tremendous appeal to attract local people, the X games also translate into prime programming for ESS. A strong proof of this is the fact that Motor Sports giant Toyota is continuing with its sponsorship with a promise that it will sponsor the X games for another two years so that it can identify with the theme of passion and sports which Toyota says goes with its brand.

    The X tours consists of three qualifying events to select competitors for the 2000 AXQ. The X tour is slated to stop in Bangkok (12-14 August), Taipei (9-10 September) and Singapore (7-8 September). In addition to this ESS will be organising viewing events in the Philippines and Malaysia.

  • Sony Entertainment gets high valuation; promoters disagree on certain issues

    Submitted by ITV Production on Jul 13, 2000

    India‘s number two private Hindi entertainment television channel Sony Entertainment Television (SET) is believed to have been valued at US$2.5 billion, the leading Indian financial daily The Economic Times reported today.

    SET‘s promoters -Sony Pictures Entertainment (SPE) and a group of Indian entrepreneurs which includes cine star Jackie Shroff - have reportedly divested five per cent of the company‘s equity in favour of Capital International. Capital International has coughed up US$125 million for the five per cent stake which will be pumped into SET‘s Indian and Singapore outfits through its Japanese arm Capital Japan. SET has operations in India through SET India Ltd and in Singapore through SET Satellite (Singapore) Pte Ltd.

    The US$125 million valuation for a five per cent stake gives SET an enterprise valuation valuation of US$2.5 billion. The promoters had at one stage expected the valuation to be in the region of US$5 billion. One of the promoters had candidly admitted to http://www.indiantelevision.com that that was the valuation about six months ago.

    But apparently the downtrend in media stocks in India and the nosedive in the valuation of Zee Telefilms Ltd - which has seen its market capitalisation evaporate to one fourth of what it was in the early part of this year - led to a lower valuation for SET.

    The newspaper says that there was disagreement between the Indian promoters and SPE on the modus operandi of divestment. Capital Japan was believed to be in favour of an early exit through an initial public offering (IPO) within a year of it taking a stake in SET. SPE, however, was against any commitment on the timeframe for an IPO.

    SET, the newspaper says, convinced Capital Japan to extend the timeframe to 24 months. SPE, apparently, is believed to be unhappy about this also.

    However, that‘ s an issue which will be resolved over time. For the nonce, SET India can be happy that it has managed to get some funds in its kitty which will go a long way in its battle with market leader Zee TV.

    None of the officials in SET India or its promoters were willing to comment on the The Economic Times newsreport.


  • CNN scores with air travelers

    Submitted by ITV Production on Jul 12, 2000

    CNN International has another set of numbers to thump its chest about. The International Air Travelers survey (IATS Asia 7) - conducted by the European Data & Research Ltd (EDR) between March and April 2000 in the international departure/gate areas of ten major airports in Sydney, Melbourne, Manila, Bangkok, Hong Kong, Jakarta, Kuala Lumpur, Seoul, Singapore and Taipei - has revealed that CNN reaches more than twice the number of international air travelers than its nearest rival the Beeb.
    The survey shows that CNNI reaches 37 per cent of international air travelers on a weekly basis as against BBC World‘s 19 per cent and CNBC Asia‘s 15.4 per cent. IATS Asia 7 also confirmed that CNN International reaches 50 per cent of all senior business executives surveyed, the CNN press release states.

    "This is a very positive result for CNN International. (It) endorse(s) our investment in regionalisation, which has meant a significant amount of extra spending to increase the localized content available to our viewers, " says CNN International managing editor, Asia Pacific Bill Baggitt.

  • Philips to help Suranaree University of Technology with its multimedia project

    Submitted by ITV Production on Jul 11, 2000

    Philips Digital Networks has announced that its organization within Philips Electronics (Thailand) Ltd has been awarded the contract to design, build and commission a multimedia production facility for Suranaree University of Technology (SUT) of Bangkok. The turnkey project is worth several million US dollars.
    Under the agreement, Philips will design and build a professional production and post-production facility comprising latest technology digital broadcast equipment. The facility will be used by SUT as a multi-media centre for research and education. The centre will contain a digital production/news studio with Philips‘ state-of-the-art digital cameras and production switcher. In addition, it will include a non-linear editing suite, a computer graphics system and a digital surround sound editing and recording lab. The various rooms will be interconnected through an advanced networking system.

    The project will be implemented on a full turnkey basis, including the supervision of civil works. SUT has also asked Philips to provide operation management services for a number of years, during which skill transfer to SUT personnel will take place.

    When commissioned in mid 2001, SUT‘s multimedia production facility will be the first of its kind in Thailand. It will provide students with the chance to produce audio, video and multimedia content using state-of-the-art TV, radio and computer graphics technology and advanced 2D and 3D animation tools. The centre will support the university‘s vision of the ‘virtual campus‘, where study and teaching are no longer restricted to classrooms and education can also be provided over the Internet.

  • Change of reins at ESPN

    Submitted by ITV Production on Jul 11, 2000

    Rik Dovey, formerly Senior Vice ?president of Production, Operations and Engineering at ESPN Star Sports (ESS) has taken over as managing director of ESS from Alexander Brown, who will now be a strategic adviser to ESS ahead of his departure before the year end.

    In addition to management responsibilities he will also oversee the establishment of espnstar.com, the company?s new internet venture which is said to include complete localisation in major markets such as India, China, Taiwan and Korea.

    Dovey brings along with him 30 years of broadcasting experience to the position.

  • Zee's Q1 net shows a marginal rise of 5%

    Submitted by ITV Production on Jul 08, 2000

    Zee Telefilms along with its subsidiaries has registered what could be its lowest Q1 net profit in the recent past. The company showed a rise of a meagre 5% in its net profit for the first quarter of the year 2000-2001. The consolidated net profit for the current quarter is Rs 32 crore as against the corresponding figure of Rs 30.5 crore for the same period of the last year.

    Various reasons can be stated for this poor performance. To begin with, the unaudited results of the company reveal that a large amount has been written off for the total operating profit of 50 crore. Zee has hived off Rs 18.3 crore as "exceptional items". Of these exceptional items, Rs 9.8 crore has been written-off on account of the film library sold by ZTL to its subsidiary. It can be mentioned that a lot of controversy was generated when this sale was shown by ZTL as a profit in its books in the previous financial year. And according to analysts, it is likely that the remaining amount from the sale of the library might be written-off over a period of time, which in turn might mean that Zee might show lower net profits for the remaining quarters as well.

    Also the company has accrued losses on account of its new interactive services like E-Connect and Zee Interactive Learning Systems. Zee has registered losses of 5.2 crore and 1.4 crore respectively on the two new subsidiaries.

    Interestingly, the company has shown other income as Rs 10.9 crore. This is a five times increase from the previous years figure of Rs 2 crore. Had it not been for this income, the consolidated net profit would have been even lower.

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