Animation major Pentamedia Graphics Ltd has posted a net profit of Rs 987.40 million for the financial year ended 31 March, 2002 as compared to Rs 1535.5 million in the previous financial year.

Total income has decreased from Rs 5701.6 million in FY-01 to Rs 4618.80 million in the year ended 31 March, 2002.

The company has posted a net profit of Rs 105.1 million for the quarter ended 31 March, 2002 as compared to Rs 337.60 million in the corresponding period last fiscal. Total income has decreased from Rs 1452.70 million in the quarter ended 31 March, 2001 to Rs 641.30 million in the quarter ended 31 March, 2002.

BOARD OKAYS INCREASE IN AUTHORISED CAPITAL:
The Board of Directors of Pentamedia Graphics Ltd has approved the increase of Authorised Share Capital from Rs 750 million to Rs 1500 million and the company proposes a further issue of shares in the ensuing AGM. The board has deferred the decision of sub-division of equity shares.

If this piece of unconfirmed news emanating from Delhi proves true, the industry‘s wait for legislation on conditional access systems (CAS) may well be over sooner rather than later.
Reports indicate that the final draft of the CAS report, which had been sent back for reworking following strong protests from sections of the industry vis-a-vis its implications, was completed last night. The original draft was prepared by a the task force headed by Rakesh Mohan, joint secretary, I&B ministry. Reports say a two-man team who worked on the final draft looked at three key areas:

i) The programme of introduction of CAS.

ii) What changes in law are required to implement CAS?

iii) What sort of standards to apply and how to calibrate them into the Indian Bureau of Standards.

If there has been a decision to move forward on CAS, it will set in motion the beginning of the switchover from the catch-all bouquet of several channels as is the system now to one that makes it mandatory for consumers to pay only for the television channels they watch.

Sony Entertainment Television has set itself an ambitious agenda for the year ahead on the distribution front. By the end of this fiscal, it aims to become the number one network as far as subscription revenues are concerned.

This the brief that Shantonu Aditya, SET‘s senior vice-president franchise channels & distribution has before him. Says Aditya: "One of the objectives for the year ahead is to set benchmarks and standards for ourselves. To be the Number 1 network. This doesn‘t mean just subscription revenue collections. It includes customer care and the institution of systems and processes which bring a high level of professionalism into the way we function. We are investing a lot in training our people as well in building relationships with our affiliates."

While Aditya was not willing to offer any revenue targets, SET will at least have to cross what Star India is expected to take in this year at the current network subscription rate of Rs 40.50, which according to industry sources is about Rs 2500 million.

Obviously it helps that SET has bagged the telecast rights to all ICC designated one day international cricket, including the next two cricket World Cups over the next six years which is what will be the pivot on which the drive forward will be executed. Then there is the "quality package" that is the "One Alliance" - what the distribution joint venture between SET and Discovery is called. The JV is identical to the one that Zee Telefilms and Turner India formed last December as far as the stake breakup is concerned. Sony has a 74 per cent stake and Discovery holds 26 per in the JV.

Aditya, who is also president of the Sony Discovery JV, elaborated on the "One Alliance" subscription packages on offer thus: