NETWORK18 MEDIA: Understanding Mukesh Ambani Media empire
- Pursuant to the approval granted by the shareholders of the Company under Regulation 24(5) of the SEBI Listing Regulations for Viacom 18 Media Private Limited (“Viacom18”) ceasing to be a subsidiary of the Company and the Company ceasing to exercise control over Viacom18, Reliance Industries Limited (“RIL”) has on December 30, 2024 converted the 24,61,33,682 compulsorily convertible preference shares (“CCPS”) held by it in Viacom18 into 24,61,33,682 equity shares.
- Post this conversion, RIL holds 83.88% of the total equity share capital of Viacom18 and 70.49% on a fully diluted basis.
- The Company now holds 16.12% of the total equity share capital of Viacom18 and 13.54% on a fully diluted basis.
- Viacom18 has ceased to be the subsidiary of the Company effective December 30, 2024.
- Viacom18 was a material subsidiary of the Company.
- Viacom18 had nil turnover and networth of Rs. 26,928.17 crore (representing 90.39%, of the annual consolidated networth of the Company) for the financial year 2023-24.
1. Video: https://youtu.be/13Hif3W3Euk?si=71ZorqRfHoezTfxJ
This company roughly never made money for Reliance post the acquisition done few years ago.
But things have changed and when they change, you need to think with a different mindset
- JioCinema app becomes a part of Viacom18 portfolio, will help the Company play a leading role in India’s transformation to a streaming-first approach
- Viacom18 has now access to Rs. 15,145 cr cash which will be instrumental in creating a compelling content offering for consumers across the country
- IPL made a blockbuster debut with a stellar opening weekend, as the number of video viewers for the first weekend on JioCinema surpassed what was recorded by the entire season last year.
- This was also higher than the ICC T20 World Cup 2022. The time spent per viewer per match touched 57 minutes, 60% higher compared to last season’s first weekend.
- Viacom18 completes the transaction for strategic partnership with Reliance, Bodhi Tree Systems and Paramount Global to form one of the largest TV and digital streaming companies in India
- Viacom18 sets new benchmarks for digital streaming with IPL, breaking records for app downloads, time-spend, and concurrency
- ~1.5bn video views made it the highest-ever opening weekend on digital. 50mn+ app installs and 100mn+ new viewers were driven by JioCinema’s extensive fan-centric features like 4K feed, 12- language coverage, 16 unique feeds, hype mode, and multi-cam setup, among others
- Business News: CNBC TV18 was the undisputed leader in the English Business News genre with 70%+ 5 overall share and 80%+ viewership share during the market hours
- Network18’s Digital news portfolio reaches 200mn+ internet users every month, making it the second largest digital news/information platform by reach in the country.
- Driven by the constantly expanding coverage topics and innovative reporting formats, especially focused on mobile first internet users, the platform reaches ~45% of the category audience.
- With presence across genres (general news, finance, cricket, opinions, entertainment etc.) and languages, Network18’s suite of websites attracts a diverse audience and offers an ideal platform for advertisers to connect with their consumers.
- Viacom18’s OTT platform, continued to leverage the strength of the TV network’s impact properties to drive footfalls and engagement. The latest season of Bigg Boss delivered ~25bn minutes of watch-time, 47% growth over last season
- Debt Equity Ratio: 8.61 Vs 2.86
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