Its my pleasure to extend a Warm Greetings to you all!
I take the pleasant privilege of addressing you on the occasion of the 22ndAnnual General meeting of our company.
Television industry in India is on a transformation path. Multiple channels in eachgenre competing with each other for TRP increasing pay TV penetration expanding yetfragmented local as well as overseas viewership of Indian channels demand for morespecific content clearly set the stage for the next level of growth and transitionfor players across the television value chain. Content creators and broadcasters need tobe cognizant of the ever increasing demand for differentiated content. While on one handnew digital content distribution platforms are emerging; on the other hand new formats ofentertainment - computers mobiles and other handheld devices are gaining importance.
Monetization of content through these new opportunities in existing platforms and newmedia platforms are going to be key focus areas for the content owners. e viewer today isnot only looking for new-fangled content but is also very quality conscious. From newmovie broadcasts to reality shows with more and more celebrity appearances the need fordifferentiated and fresh content is on an all-time high.
The Financial year 2015-16 was a year of stiff competition witnessed more investmentsto the Regional Channels by the National TV Channels changes in rating agency and ratingaspects Changing viewership flavor and penetration of digital platforms. Your company hastaken up several measures to tackle the competition and struggles from all perspective andinitiated more share of indigenous in-house contents and rural market penetration of thechannel to get good ratings. During the period the ratings of the channel was affected bysudden fall in the Channel ratings during the change of RATING agency despite severalsteps taken for restructuring the content in line with market requirements.
Your company reported revenue of Rs. 82.90 Crores with EBITDA of Rs. 5.70 Crores.Despite pricing challenges and increasing costs we were able to sustain the top linegrowth and could end with a negative bottom line growth. e Board has reconstituted itsCreative team with more focus on LIVE Shows Talk Shows programmes of super celebrityvalue with concept of unique nature has been discussed and being planned to implementduring the current year. With the new steps taken by the creative team in the months tocome we are confident that we will be able to continue on the path of augmentingshareholder value and create long term shareholders growth.
As stated above during the Current year your company plan to increase our contentcontribution In-house Production of Contents majorly Serials in Tamil language coveringdifferent Genres. Healthy advertising revenues are expected from the new content infusion.Your company is exploring various other delivery platforms such as direct to handheld andvarious other OTT technologies. All these new initiatives are expected to augment theincome substantially and help to post better results in future.
I take this opportunity to thank all their valued customers business associates andvendors for their kind support. I place on record the appreciation of the contributionmade by employees of the Company at all levels that has contributed to your Companyssuccess and remain in the forefront of media and entertainment business. I thank andexpress my gratitude for the support and co-operation received from the Central and StateGovernments / regulatory authorities viz. the Ministry of Information & Broadcastingthe Department of Telecommunication Ministry of Corporate Affairs Reserve Bank of IndiaSecurities and Exchange Board of India Foreign Investment Promotion Board the StockExchanges and Depositories and other stakeholders including viewers producers vendorsfinancial institutions banks investors Service providers and all our stakeholders. Ialso place on record their appreciation of the tireless efforts of Team RAJTV a dedicatedand loyal band of people who have displayed unswerving commitment to their work in thesechallenging times and helped the Company deliver good results.
I thank our Board of Directors for their support and exemplary guidance. I also takethis opportunity to express my gratitude to all our stakeholders who continue to reposefaith and trust in us over the years. Further with my whole heart I sincerely thank allour shareholders who continued their support over these years without which our companywould not have grown to this size. Warm Regards
RAJ TELEVISION NETWORK LIMITED
No.32 Poes Road IInd Street
Teynampet Chennai- 600 018