Guest Column Retrofit: Khan Vs Khan - bringing in some cheer post 26/11

What drives two 43-year olds, asks veteran journalist Sandeep Bamzai as he goes on to analyse the career graph, Bollywood quotient and success stories of two Khans of B Town – Aamir and Shah Rukh – as both end the year with two much-awaited releases – ‘Rab Ne Bana Di Jodi’ and ‘Ghajini’.

e4m by Sandeep Bamzai
Published: Dec 17, 2008 7:10 AM  | 8 min read
Guest Column <br>Retrofit:  Khan Vs Khan - bringing in some cheer post 26/11

In the cult classic ‘Matrix’, Carrie Ann Moss’ Trinity tells Keanu Reeves, a.k.a Neo, - ‘It is the question that drives us’. My question is what drives two 43-year olds? I am referring to the Shah Rukh Khan versus Aamir Khan joust for supremacy in B Town. It is an obsessive rivalry for primacy. One seeks awards, the other shuns them. One is a popular star, the other a people’s star. One the very embodiment of B Town pulp, the other a thinking actor who experiments with his cinema and looks constantly. Aamir wants to change the goalposts with every film pressurising SRK to do a ‘Chak De! India’.

In this battle for the number one slot, both stars decided to release their films in December within a fortnight of one another, an unprecedented event. Aamir Khan has a very interesting history, which is intertwined with Sunny Deol’s fortunes. They released ‘Dil’ and ‘Ghayal’ the same day and both became mega hits. Then again, years later ‘Gadar’ and ‘Lagaan’ were released on the same day. The verdict the same, both huge hits at the B.O. So, this time SRK with his usual elan and chutzpah began his marketing bombardment for ‘Rab Ne Bana Di Jodi’. The timing was all wrong given that the ugly events of 26/11 had cast a pall of gloom on Mumbai and B Town. But if Sachin Tendulkar and Virender Sehwag lifted the mood of a despondent nation with their heroics on the cricket field, then SRK and AK were supposed to do the same on celluloid.

And the opening weekend box office returns from ‘Rab Ne…’ have been most encouraging as families have come thronging back. I, too, went and saw the movie on Saturday, liked it, but wasn’t completely taken in by it. It was a cute film, a fun film, but something was missing. It didn’t leave you satiated. SRK went to the same school as me, he was a year junior to me. I don’t remember him and I am sure nor does he. I have met him just once and we exchanged pleasantries and the years of our passing out. His has been an amazing story, a story that could have only been scripted by Salim-Javed. A TV actor, who strode movie town like a Colossus. A romantic star whose endearing image is of Raj from ‘DDLJ’. The man with the golden touch. Smart and intelligent, SRK is also known as Khan Market (a tony market in South Delhi) for he has leveraged his craft sensibly and made truckloads of money. Someone who understands what the audiences want, someone who courts media when he has to, someone who can only be described as a showman. But the quintessential romantic hero has had to change because of AK. So, ‘Swades’ and ‘Chak De! India’ and the nerdy Punjab Power Surinder Sahni in ‘Rab Ne…’.

It is a pity that top of the line producers in India have not thought of a casting coup on the lines of ‘Namak Haram’, which featured Rajesh Khanna and Amitabh Bachchan. In ‘Sangursh’, Sanjeev Kumar took on Dilip Saheb. And he did it again many years later in ‘Vidhaata’. A film featuring SRK and AK would be a treat, just as ‘Mohabattein’ and ‘Kabhi Khushi Kabhi Gham’ pitted SRK with the presiding deity AB. It is ironical that whatever SRK does, Ak does better. SRK turned producer, created Red Chillies Entertainment pulled out all the stops in ‘Om Shanti Om’. The reclusive Aamir produced ‘Lagaan’ very successfully and went one better by producing and directing one of the most sensitive films of all time – ‘Taare Zameen Par’. Then for good measure launched his nephew Imraan successfully in ‘Jaane Tu Ya Jaane Na’.

At the turn of the 1990s, my boss Pritish Nandy had asked me to do a cover story on Aamir Khan for the ‘Illustrated Weekly’. It was an interesting assignment, for Aamir was a Tom Cruise type of boy next door with some big hits in ‘Qayamat Se Qayamat Tak’, ‘Dil’ and ‘Dil Hai Ki Manta Nahin’. As always, Pritish was prescient, he reckoned that the young man would be the next big star. I remember that when we did the cover, people scoffed at it (just as the hoi polloi scoffed at Pritish when he put Kanshi Ram on the cover of the Weekly a couple of years earlier). Both times he was right. I met Aamir, a regular kind of guy while he was shooting for ‘Jo Jeeta Wohi Sikander’. His idiosyncracies were not part of folklore then. I am talking of close to 20 years ago. He was more or less my age, and appeared cerebral even then. While SRK, the anti-hero had successfully walked into the pantheon of fame with ‘Darr’ and ‘Baazigar’, AK was the chocolate hero, romancing the girl of his dreams. And he had a flair for comedy – ‘Hum Hain Rahi Pyar Ke’ and ‘Andaz Apna Apna’.

Anil Kapoor with movies like ‘Tezaab’ and ‘Mr India’ was the reigning star then. The Weekly was the pre-eminent magazine and Kapoor wanted to appear on the cover. Pritish, always game for the unconventional, plumped for Aamir. It is Aamir’s amazing evolution since those days, which is most pleasing. A thinking actor, an interfering actor, a sensitive filmmaker, but completely reclusive. Though he began his career with ‘Holi’ in 1984 and even earlier acted in his uncle Nasir Husain’s ‘Yaadon Ki Baraat’ as a child actor, his coming of age began with ‘Lagaan’. Despite reverses like ‘Mela’, ‘Parampara’ and ‘Mangal Pandey’, Aamir Khan has gained cult like status with films like ‘Rangeela’, ‘Dil Chahta Hai’, ‘Rang De Basanti’, ‘Lagaan’ and ‘Taare Zameen Par’. People expect the unexpected from him. And he delivers by changing his look and feel in practically every film.

But back to the biggest rivalry which is being played out in B Town at a subterranean level. Two days after ‘Rab Ne…’ was released, AK organised a presser in Mumbai on a Sunday afternoon unveiling his ‘Ghajini’ look officially. Star News and News24 were quick to show it live. AK then talked to the media, discussed his training regimen et al, timing it strategically within days of SRK’s big ticket launch. Matter of factly, he was marketing his film very aggressively. There was news that the ushers and others who man the food counters at multiplexes and cineplexes would be sporting the AK hairdo from ‘Ghajini’. It was a quick counter punch to SRK’s blitz on various telly channels. And it was high decibel. At the presser, AK spoke of how he didn’t want the audience to remember his physique, but the film ‘Ghajini’. It was AK playing his mindgames, after showcasing his body to the world at large.

The two stars dominate the mindspace of the people. They are different and yet actors. Their style and method is different. They are dissimilar and yet the same. Both have one common trait, they know how to market their films. On the penultimate day of the Chennai Test, Sunny Gavaskar, while commentating described the Viru-Gambhir opening duo as ‘Rab Ne Bana Di Jodi’ and Viru’s impetousity through the lyrics of the same film – ‘Zara Sabar To Kar Mere Yaar, Zara Saans To Le Le Mere Yaar’. It showed how deeply Hindi cinema’s footprint has become embedded in our consciousness. Two great stars at the revival of sentiment, not just in a beleaguered B Town, but in a nation whose psyche has been brutalised by the terror attack of 26/11.

And these mega stars are brands with salience that exudes power, resonance and charisma. They know the game and they are playing it with utmost ease. They are the wonder boys of B Town who have left their contemporaries behind. Except one man who threatens their suzerainty. His name Akshay. But more about him another time.

(Sandeep Bamzai is a well-known journalist who started his career with The Statesman in Kolkata in 1984. He has held senior editorial positions in some of the biggest media houses in three different cities - Kolkata, Mumbai and New Delhi - with The Indian Express, Illustrated Weekly, Sunday Observer, Dalal Street Journal, Plus Channel where he ran India's first morning business show on Doordarshan, The Times of India Group, Business India, Hindustan Times and Reliance Big Entertainment. Starting his career as a cricket writer, he graduated to becoming a man for all seasons under Pritish Nandy, who he considers as the premier influence on his career. Since he studied economics at Calcutta University, Bamzai decided in 1993 to branch out into business and financial journalism. Familiar with all three media, he is the author of three different books on cricket and Kashmir.)

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HT Media posts Consolidated Total Revenue of Rs 580 crore in Q2

Chairperson and Editorial Director Shobhana Bhartia says due to lower commodity prices and control on costs there has been an improvement in operating profit

e4m by exchange4media Staff
Published: Nov 5, 2019 7:28 AM  | 1 min read
HT Media

HT Media has posted a Consolidated Total Revenue for Q2, 2020 at Rs 580 crore.

As per a statement released by the company, EBITDA for Q2’20 increased by 139%, and margins at 14% vis-à-vis 6% in previous year. This has been driven by softening of newsprint prices and continued focus on cost.

The Net Cash position at a consolidated level continues to be strong.

The Print ad revenue has declined due to sluggish volumes, even as yields have improved. National advertising continues to be soft, although local advertising witnessed growth.

Savings in raw material costs have driven improvement in EBITDA margins.

Chairperson and Editorial Director Shobhana Bhartia said, “Slowing economic growth has hit advertising spends in key categories, putting pressure on revenues across the media industry. As a result, our Print and Radio (on like to like basis) businesses saw revenues dip as compared to a year-ago. However, thanks to lower commodity prices and a tight control on costs, we saw an improvement in our operating profit. On the digital front, Shine, our online recruitment portal has shown good progress and continues to grow. Our outlook for the coming quarter remains cautious, given overall economic sentiment and macroeconomic trends. Cost-control and falling commodity prices should help protect our margins.”

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ABP Group posts Rs 15.70 crore as net profit in Q1 FY20

The group’s total operating income stands at Rs 365.55 crore

e4m by exchange4media Staff
Published: Nov 4, 2019 5:41 PM  | 1 min read
ABP

ABP Group has posted a net profit of Rs 15.70 crore in the first quarter of FY20, as per media reports.

The group’s total operating income stands at Rs 365.55 crore.

It’s net profit for the fiscal ended March 31, 2019, was down 68% to Rs 31.90 crore compared to the previous fiscal.

The Profit Before Interest Lease Depreciation and Tax (PBILDT) has also dropped 53.52% to Rs 107.12 crore.

The group has six news channels - ABP News (Hindi), ABP Ananda (Bengali) ABP Majha (Marathi) and ABP Asmita (Gujarati), ABP Sanjha (Punjabi) and ABP Ganga (Hindi).

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Zee Media posts consolidated revenue of Rs 137.03 crore for Q2 FY20

ZMCL has recorded 4.4% growth in operating revenue for first half of FY20

e4m by exchange4media Staff
Published: Oct 24, 2019 9:19 AM  | 1 min read
ZMCL

Zee Media Corporation Ltd (ZMCL) has posted a 4.4 per cent growth in operating revenue to Rs 337.6 crore in the first half of FY20, as per media reports.

It has reported a consolidated revenue of Rs 137.03 crore for Q2 FY20.

In a statement, ZMCL has said: “During the quarter, the network expanded its footprint s into Southern India through the launch of Zee Hindustan in Tamil and Telugu languages. This is intended to make the network's content accessible to wider audience.”

The operating expenditure in Q2FY20 has dropped by 21.7 per cent.

The statement further said: “EBITDA for HlFY20 improved by 34.1 per cent to Rs 1,029 million from Rs 767.5 million EBITDA for H1FY19, while the same declined by 9.4 per cent to Rs 370.2 million from Rs 408.7 million for the corresponding period last financial year. EBITDA Margin grew from 23.7 per cent in H1FY19 to 30.5 per cent in HlFY20, while growing from 24.2 per cent in Q2FY19 to 27 per cent in Q2FY20.”

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No slowdown here: In-cinema ad rates up by at least 50% for 3 big Diwali releases

Housefull 4, Made In China and Saand Ki Aankh ready to hit the silver screen this week, with the hopes of giving brands the eyeballs they look for in theatres

e4m by Moumita Bhattacharjee
Published: Oct 24, 2019 8:41 AM  | 4 min read
DiwaliFilms

It’s that time of the year again when theatres gear up to pocket maximum gains. Diwali is here and there are three films ready to hit the silver screen this week--Housefull 4, Made In China and Saand Ki Aankh. The festive period brings much joy to exhibitors, distributors and theatre owners because it ensures footfalls, giving brands the eyeballs they look for. In fact, industry experts don’t feel that economic slowdown this year has impacted in-cinema advertising. While they are concerned about three movies clashing during Diwali, they predict 50-100 per cent rise in ad rates during this period. 

Advertising moolah

Mohan Umrotkar, CEO, Carnival Cinemas, is expecting 60-70 per cent surge in advertisement topline compared to last year. “Going by the buzz and advance booking for these three releases, market is bullish. Advertisers have blocked most of the advt-slots during the festival period. Housefull 4, Made In China and Saand Ki Aankh all combined together should generate around Rs 350 crore topline at the box office during the festival week. We are expecting 60-70 per cent surge in the advertisement topline from last year. Also, this year we have added around 14 per cent new advertisers, and 4 per cent of them are first-time cinema advertisers,” he says.

But according to Siddharth Bhardwaj, Chief Marketing Officer - Head of Enterprise Sales, UFO Moviez, things have changed a lot in the last couple of years. “Since some films have not really lived up to their expectation, advertisers are spreading the spends all through the year. They are picking up far more number of titles in the year rather than focusing only on Diwali or Eid.”

“It is good for the industry because you can monetise the inventories beyond just big weeks. A lot of content- driven films have come up which has given us the opportunity to monetise more markets. It has put lesser pressure on Diwali. Most of the cinemas are sold out for Diwali. It becomes difficult to accommodate everything,” Bharadwaj opines. He also reveals that for this week, the inventories are already full.

Diwali ad rates

Experts reveal that ad rates differ from property to property and depends on location as well. But Diwali surely sees a massive hike in rates. This year, theatre owners are expecting 100 per cent rise in ad rates. While Umrotkar revealed that for Diwali, they are charging 100 per cent higher than the regular card rates, Girish Johar, trade analyst and film producer, shared that even the rates for putting up kiosks of brands go up during festivals like Diwali.

“It’s based on property. On a ballpark, ad rates double up. So if you are putting up a kiosk, they charge say Rs 50,000-25,000 for a month. During Diwali, they charge almost double because of the kind of footfalls theatres witness,” Johar revealed.

Economic slowdown? Not for Cinema!

This year, brands have been pulling back their spends on other mediums due to economic slowdown, but cinema seems unaffected. Calling entertainment business recession-proof, Johar explains, “If you see the other side, box office is up by 15-20 per cent. Yes, it is a bit subdued because the brands are in a wait-and- watch scenario. They are increasing their focus around consumption rather than awareness.”

Bharadwaj too seconded it by saying, “These are challenging times but our medium is very efficient. If you see economy has slowed down, but the cinema has grown instead.”

Clash cover

Three movies are clashing this Diwali which means shared screens and box office gains.

“It’s never good for us when two or more big-ticket films release together. If they would have come on different dates, there are chances that more advertisers will take advt. inventory in those weeks separately instead of that one particular week,” shares Umrotkar.

 

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INOX Leisure Ltd sees 42% growth in total revenue

Profit After Tax up 327% to Rs 51 crore

e4m by exchange4media Staff
Published: Oct 23, 2019 6:06 PM  | 1 min read
INOX

INOX Leisure Ltd (INOX) has reported financials for the second quarter ending September 2019.

Its total revenue has risen to Rs 524 crore with a 42% growth from Rs 369 crore in the corresponding quarter in FY19. Its EBITDA has more than doubled to Rs 107 crore with a 121% growth, while the PAT stood at an impressive Rs 51 crore, up 327% from previous year’s second quarter.

Siddharth Jain, Director, INOX Group, said: “At INOX, setting new benchmarks is now a routine, thanks to our consistently sharp focus on luxury, service and technology and our uncompromised desire to offer our patrons, nothing but the latest and the best! We are delighted with our remarkable consistency on all parameters, and we are sure about maintaining the momentum and focus on innovativeness. Content once again proved that why we term it as the ‘hero’. Thanks to the creators of such spellbinding movies, which keep inviting our guests to our properties, and allowing us to pamper them with our signature hospitality. With the launch of Megaplex, we are delighted to further our endeavor of developing experience-driven cinema destinations of global standards, and we will continue to do so. On behalf of Team INOX, I assure all our stakeholders that we will continue to break barriers and exceed all expectations.”

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Hathway Cable & Datacom reports 100% subscription collection efficiency in Q2

The broadband subscriber base has increased from the previous quarter’s 840,000 to 860,000

e4m by exchange4media Staff
Published: Oct 18, 2019 11:17 AM  | 1 min read
Hathway

Hathway Cable and Datacom has reported subscription collection efficiency at 100%, and the broadband subscriber base has increased from previous quarter’s 840,000 to 860,000 in quarter ending September, as per media reports.

It has narrowed its consolidated net loss by 74% and the operating EBITDA has been reported 15% up to Rs 107.5 crore compared to Rs 93.1 crore a quarter ago.

The total income has dropped 2%, while the expenditure is down 6%.

In the financial results, the company has said the FTTH markets are leading growth in customer acquisition.

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ZEEL posts 7.4% YoY growth in total revenue for Q2 FY20

ZEEL's domestic advertising revenue has grown 1.4% YoY in Q2FY20

e4m by exchange4media Staff
Published: Oct 18, 2019 7:51 AM  | 2 min read
ZEEL

Zee Entertainment Enterprises Limited (ZEEL) has reported a consolidated revenue of Rs 2,122 crore for the second quarter of FY20, recording a growth of 7.4% on YoY basis.

The Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) was recorded as Rs 692.9 crore with an EBITDA margin of 32.7%. PAT for the quarter was Rs 413.2 crore. The Profit After Tax (PAT) for the quarter was Rs 413.2 million, with a growth of 6.9% YoY.

During the second quarter, ZEEL’s consolidated advertising revenue grew by 1.2% YoY to Rs 1,224.7 crore. The domestic advertising revenues grew by 1.4% YoY to Rs 1169 crore.

ZEEL has posted 26.8% YoY growth in Q2FY20 domestic subscription revenue. ZEEL’s consolidated subscription revenue grew by 19.0% to Rs 723.5 crore during the quarter.

ZEEL’s total expenditure in Q2FY20 stood at Rs 1429.1 crore, higher by 9.9% YoY compared to Q2FY19.

While ZEE5 recorded a peak DAU (Daily Active User) base of 8.9 million in September 2019, ZEE5 users watched an average of 120 minutes of content on the platform in the same month.
During Q2 FY20, the television network had an all-India viewership share of 18.4%.

During the quarter, ZEEL’s international business revenue was Rs 208.2 crore. The advertising and subscription revenues for international business declined by 4.0% YoY and 21.5% YoY, respectively.

Zee Music Company has registered 7.1 billion views on YouTube in Q2.

Punit Goenka, Managing Director and CEO, ZEEL, said, “I am pleased with the performance we have exhibited during the quarter. Our entertainment portfolio continues to grow from strength to strength across all formats and maintained its leading position. Our television network has emerged stronger post the implementation of tariff order on the back of a strong customer connect and brand pull of its channels. ZEE5 continued to gain traction across audience segments and markets, driven by its compelling content library and expanding list of partnerships across the digital eco-system. This strong operating performance allowed us to deliver industry leading growth in both advertising and subscription despite the tough macro-economic environment. Domestic subscription growth of 27% has reaffirmed the value proposition our television network has built over the years. The impact of tariff order has now largely settled down and has brought increased transparency along with improved monetization. Our domestic advertising revenue growth, though significantly lower than historical trend, is higher than the industry growth. We have witnessed an improvement in ad spends through the quarter and we believe that the onset of festive season along with measures taken by the government will help revive the consumption growth.”

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