Latest news with #HTLabs
Mint
19-05-2025
- Business
- Mint
HMVL reports ₹45.40 crore Q4 profit amid strong digital growth
Hindustan Media Ventures Ltd (HMVL), the publisher of Hindustan and the operator of digital platform OTTPlay, reported a profit after tax of ₹ 45.40 crore in the quarter ended March, up from ₹ 10.74 crore a year earlier. Revenue from operations rose to ₹ 201.25 crore from ₹ 188.05 crore last year, HMVL said in a regulatory filing on Monday. Total expenses in the fourth quarter were lower at ₹ 208.58 crore versus ₹ 219.51 crore in the year-ago period. Revenue from printing and publishing of newspapers and periodicals was marginally lower at ₹ 180.59 crore compared with ₹ 181.47 crore a year earlier, the filing said. Digital segment revenue surged threefold year-on-year to ₹ 19.64 crore from ₹ 5.84 crore in the fourth quarter of the previous fiscal. HMVL said its board has approved investments of up to ₹ 7.71 crore in electric mobility player VIR Mobility Pvt. Ltd by subscribing to equity shares or convertible equity-linked instruments. 'The investment is being made in the fast-growing target entity for the purpose of capital return in future with an aim to leverage media assets owned by the company,' the filing said. VIR Mobility currently has three versions of e-bikes in its portfolio priced between ₹ 35,000 and ₹ 55,000, it added. In 2022, OTTPlay, the recommendation and content discovery platform for streaming services, launched by HT Labs, turned into a streaming service featuring content from a range of OTT platforms. With the launch of OTTplay Premium, the service now hosts multiple Indian and international video streaming services. Subscribers are now able to choose from language-based or thematic subscription bundles. The platform has onboarded SonyLIV, ZEE5, Lionsgate Play, Sun NXT, ShemarooMe, Curiosity Stream, ShortsTV and DocuBay streaming services, besides four international brands such as Hallmark Movies Now, DUST, FUSE+ and Tastemade+, which were so far unavailable in India. HT Labs is the innovation platform of HT Media, which is also the publisher of Mint. Apart from Hindustan, HMVL also publishes Nandan (a children's magazine), and Kadambini (a socio-cultural magazine). Even though telecom operators also offer OTT video platforms as a bundled service, the arrival of aggregators such as OTTPlay, Prime Video Channels, Tata Play and Airtel XStream Premium bodes well for the reach and subscriber base of platforms that may not be investing aggressively in distribution and marketing.
Hindustan Times
21-04-2025
- Business
- Hindustan Times
HT Labs triumphs at WAN-IFRA South Asian Digital Media Awards 2025, secures 5 wins for OTTplay and Slurrp
HT Labs has made a powerful mark on the global stage, with its flagship platforms OTTplay and Slurrp clinching 5 awards at the prestigious WAN-IFRA South Asian Digital Media Awards 2025. The accolades recognise excellence in digital journalism, innovation, and audience engagement, cementing HT Labs' position as a frontrunner in the region's digital media landscape. The WAN-IFRA South Asian Digital Media Awards are among the most respected honours in the industry, judged by a panel of distinguished international experts. They spotlight organisations that demonstrate excellence in digital storytelling, technology, and content strategy—pushing the boundaries of what's possible in news and content publishing in South Asia. These awards underscore HT Labs' unwavering focus on intelligent, user-first digital experiences—powered by innovation, data, AI and editorial depth. Avinash Mudaliar, Co-Founder and CEO of HT Labs, said, 'We're truly honoured by this recognition from WAN-IFRA. These wins are a reflection of the relentless creativity, strategic thinking, and innovation that our teams bring to the table every day. At OTTplay and Slurrp, our mission is to continuously evolve the digital experience through personalisation and smart content. This recognition only strengthens our resolve to lead with impact and purpose." OTTplay is India's leading OTT aggregator, revolutionising content discovery through AI-driven personalisation. With OTTplay Premium, users can access curated content from over 40 top OTT platforms, tailored to their unique viewing preferences. Slurrp is a comprehensive recipe and meal-planning platform with over 7 lakh users across India. It offers calorie-counted, diet-specific recipes for all skill levels, alongside culinary trends, food features, and industry insights, helping home chefs plan smarter and cook better.
Mint
21-04-2025
- Business
- Mint
HT Labs triumphs at WAN-IFRA South Asian Digital Media Awards 2025, secures 5 wins for OTTplay and Slurrp
HT Labs has made a powerful mark on the global stage, with its flagship platforms OTTplay and Slurrp clinching 5 awards at the prestigious WAN-IFRA South Asian Digital Media Awards 2025. The accolades recognise excellence in digital journalism, innovation, and audience engagement, cementing HT Labs' position as a frontrunner in the region's digital media landscape. The WAN-IFRA South Asian Digital Media Awards are among the most respected honours in the industry, judged by a panel of distinguished international experts. They spotlight organisations that demonstrate excellence in digital storytelling, technology, and content strategy—pushing the boundaries of what's possible in news and content publishing in South Asia. Best News Website (Silver) – Slurrp Best Use of AI in Revenue Strategy (Bronze) – OTTPlay Premium Best Newsletter (Gold) – Slurrp Best Newsletter (Silver) – OTTPlay Best Native Advertising Campaign (Bronze) – Slurrp These awards underscore HT Labs' unwavering focus on intelligent, user-first digital experiences—powered by innovation, data, AI and editorial depth. Avinash Mudaliar, Co-Founder and CEO of HT Labs, said, 'We're truly honoured by this recognition from WAN-IFRA. These wins are a reflection of the relentless creativity, strategic thinking, and innovation that our teams bring to the table every day. At OTTplay and Slurrp, our mission is to continuously evolve the digital experience through personalisation and smart content. This recognition only strengthens our resolve to lead with impact and purpose.' OTTplay is India's leading OTT aggregator, revolutionising content discovery through AI-driven personalisation. With OTTplay Premium, users can access curated content from over 40 top OTT platforms, tailored to their unique viewing preferences. Slurrp is a comprehensive recipe and meal-planning platform with over 7 lakh users across India. It offers calorie-counted, diet-specific recipes for all skill levels, alongside culinary trends, food features, and industry insights—helping home chefs plan smarter and cook better. First Published: 21 Apr 2025, 09:42 PM IST
