MUMBAI: NDTV revenues touched Rs 676 million (Rs 67.60 crore) in Q4 07, registering a growth of 27.5 per cent over corresponding figures last year.
Operating profits of the company have more than doubled at Rs 54.7 million (Rs 5.47 crore) as against Rs 25 million (Rs 2.50 crore) in the same period last quarter, says the company.
The NDTV board has now decided to explore appropriate structural changes in NDTV Ltd to position the news and business segments for their next phase of growth with the objective of encouraging entrepreneurship within the company, while also continuing to attract the best external talent. The proposed structure should also allow growth opportunities through acquisitions and/or strategic tie-ups in India and abroad and benchmark the operations with global peers to enhance the shareholder value.
While NDTV Networks, a 100 per cent subsidiary of NDTV was incorporated into the company this year, NDTV Imagine has been incorporated to spearhead the group’s foray into mass entertainment. Starting with general entertainment, the company will expand into movies, regional youth and kids programming. NDTV Life will capitalise on the retail and consumer boom by providing an up-market lifestyle channel for the global urban Indian — with shows on fashion, food, travel and luxury.
The company’s initial global portfolio of television channels includes Astro Awani in Indonesia, a soon to be launched channel in Malaysia and another in the Middle East. Other Asian and African countries will follow.
The focus of the company from now is on “triple play.” NDTV Convergence will exploit the synergies between television, Internet and mobile. According to the company, its core advantage is the distinct content it draws from the NDTV channel of bouquets, to build robust TV-online synergies and powerful web 2.0 communities.