Latest news with #TataPlayBinge
India.com
23-05-2025
- Business
- India.com
Bad news for Ratan Tata's Tata Group as Tata Play loses Rs 5100000000 due to...
(File) In a major setback for Tata Group-owned Tata Play, the direct-to-home (DTH) television service has suffered a consolidated net loss of Rs 510 crore in 2024-25, a 44 percent increase from previous year's Rs 354 crore, primarily due to its dwindling subscriber base amid mounting competition from rival DTH service providers and the surge in popularity of OTT platforms. Tata Play is jointly owned by Tata Sons– the holding company of the Tata Group– which owns a 70 percent controlling stake in the DTH service, and Walt Disney, that has a 30 percent holding. According to a report by The Economic Times, Tata Play also registered a 5.46% decline in total revenue to Rs 4,082 crore from Rs 4,305 crore. As per Crisil ratings, Tata Play's loss in revenue is attributed to a dwindling subscriber base, which has shrunk to 18 million from its peak of 23 million, amid stiff competition from government-owned Prasar Bharti's DD Free Dish, and surging popularity of OTT platforms. Crisil Ratings has predicted that Tata Play's revenue is expected to remain flat in 2025-26, following the decline in the previous fiscal. In 2022-23, Tata Play had reduced its total debt to Rs 3,262 crore from Rs 3,679 crore in 2021-22, but it temporarily surged to Rs 4,074 crore in 2023- 24, primarily owing to a Rs 1,200 crore increase in lease liabilities linked to new GSAT satellite transponders, according to the ET report. Tata Play began transmission via the the GSAT-24 satellite in 2024, enabling the DTH service to carry nearly 50% more channels. Earlier, Tata Play was in discussion for merger with telecom giant Bharti Airtel's DTH arm, Bharti Telemedia, but the talks fell apart, reportedly due to the lack of a 'satisfactory resolution'. According to Crisil Ratings, despite declining revenues, Tata Play's broadband business and its OTT platform, Tata Play Binge, is likely to partially offset the impact of the revenue loss. In 2024, Tata Sons acquire an additional 10% stake in Tata Play from Temasek for $100 million at a market valuation of $1 billion, significantly lower than its peak $3 billion valuation before the Covid-19 pandemic.
Time of India
23-05-2025
- Business
- Time of India
Tata Play powers launch of Philippines' OTT aggregator app Cignal Super
Cignal Super , a Philippine OTT aggregator app powered by Tata Play Binge 's white-label solution, is now officially available to consumers following a successful pilot launch. The app offers integration of at least eight popular entertainment platforms under a single subscription with a unified user interface. Built and deployed on Tata Play Binge's scalable cloud infrastructure, the app provides effortless access to content from leading platforms including MAX, VIU, Lionsgate Play, Hallmark+, Curiosity Stream, Fuse+, Pilipinas Live, and Cignal Play—all accessible through a single login, search, and subscription. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like OMEA Manufacturing Award with Money Back Guarantee ansoim Learn More Undo This landmark launch not only redefines entertainment in the Philippine market but also reinforces Tata Play Binge's global leadership in OTT aggregation. As a Platform-as-a-Service (PaaS) provider, Tata Play Binge enables broadcasters and telecom companies to accelerate their digital transformation with a ready-to-deploy, future-proof technology stack—already live in Bangladesh and now, the Philippines. Live Events 'The launch of Cignal Super is a proud moment for Tata Play Binge white label solution,' said Harit Nagpal, MD & CEO, Tata Play. 'Our PaaS model is helping leading broadcasters and telecom providers to go digital with speed, efficiency and scale. After a successful partnership in Bangladesh and now with Cignal in the Philippines, it's exciting to see Indian technology enabling local champions to elevate entertainment experiences in their markets.' 'Cignal is happy to partner with Tata Play for the launch of Cignal Super, the Philippines' pioneering streaming aggregator. This collaboration allows Cignal to deliver a world-class entertainment experience to Filipino viewers, at home and on the go. With over 70 million smartphone users in the Philippines, Cignal Super is set to revolutionise how Filipinos enjoy their favorite content,' said Jane Jimenez-Basas, President and CEO of Cignal. She added, 'This partnership with Tata Play represents a significant step in Cignal's continuing evolution and reaffirms our commitment to bringing joy, providing the best value, and creating shared experiences for Filipinos everywhere by delivering the content that they love.'
Time of India
23-05-2025
- Business
- Time of India
Tata Play net loss surges 44% to ₹510 crore in FY25
Tata Play , the direct-to-home (DTH) television service jointly owned by Tata Sons (70%) and Walt Disney (30%), reported a wider consolidated net loss of ₹510 crore for 2024-25, a 44% increase from ₹354 crore in the previous year. The company also recorded a 5.46% decline in total revenue to ₹4,082 crore from ₹4,305 crore. It had been in talks with Bharti Airtel to merge with the latter's DTH arm, Bharti Telemedia. However, the merger discussions were terminated owing to the lack of a 'satisfactory resolution'. Crisil Ratings, which reaffirmed its ratings on Tata Play's ₹8,000 crore bank facilities, said revenue is expected to remain flat in 2025-26, following the decline in the previous fiscal. The drop is primarily attributed to a shrinking subscriber base, which has fallen to 18 million from a peak of 23 million. The decline in subscribers is driven by mounting competition from DD Free Dish, operated by Prasar Bharati, and the increasing popularity of digital entertainment platforms, particularly over-the-top (OTT) services. However, Media Partners Asia had earlier reported that the pay TV industry gained 3.5 million net paid subscribers in 2025 amid cricket content moving behind paywalls even as competition from DD Free Dish and OTT continues unabated. Crisil Ratings noted that while DTH revenues have declined, the impact is expected to be partially offset by growing earnings from Tata Play's broadband business and its OTT platform, Tata Play Binge. Last year, Tata Sons acquired a 10% stake in Tata Play from Temasek for $100 million, valuing the DTH firm at $1 billion, down significantly from its pre-Covid-19 peak valuation of $3 billion. Meanwhile, Tata Play Broadband (TPBB) narrowed its net loss by 6.48% to ₹101 crore, down from ₹108 crore. Revenue rose more than 16% to ₹383 crore from ₹329 crore. Crisil Ratings reaffirmed its ratings on TPBB's ₹700 crore bank facilities. Tata Play invested ₹455 crore in TPBB in 2021-22, ₹209 crore in 2022-23 and ₹185 crore in 2023-24. While TPBB's net worth stood at around ₹450 crore in 2023-24, it was largely supported by these capital infusions. With future investments expected to decline, the net worth may shrink. Tata Play reduced its adjusted net debt to ₹3,262 crore in 2022-23 from ₹3,679 crore in 2021-22. However, it temporarily rose to ₹4,074 crore in 2023-24, largely owing to a ₹1,200 crore increase in lease liabilities linked to new GSAT satellite transponders. In August 2023, the company began transmission via the GSAT-24 satellite, enabling it to carry 50% more channels. For 2024-25, total debt remained stable at ₹3,584 crore, or ₹1,798 crore excluding lease liabilities. Crisil Ratings expects the majority of upcoming capital expenditure to be directed toward the DTH business, with spending expected to be managed prudently. Despite operational improvements, Tata Play's financial position remains burdened by a negative net worth, owing to accumulated losses and provisions related to a potential liability for disputed licence fees. The issue stems from a demand raised by the information and broadcasting ministry in 2019-20. While the matter remains under judicial review, the ministry granted all DTH operators a provisional 20-year licence with effect from April 1, 2021. Tata Play has provisioned around ₹2,002 crore for this liability and has recognised an additional ₹2,280 crore as a contingent liability as of March 31, 2024, with no immediate payout expected.
Yahoo
08-05-2025
- Entertainment
- Yahoo
Indian Government Orders Ban On Pakistani Content As Regional Tensions Rise
India's government has ordered all streamers and OTT companies operating in the country to pull Pakistani content, citing national security concerns. The ban includes a halt on web series, films, songs, podcasts, and other digital media content from Pakistan. More from Deadline BBC Player Set To Launch On India's Tata Play Binge Prime Focus Group To Build $400M Entertainment Hub In Heart Of Bollywood UK & India Sign Cultural Cooperation Agreement The order was published today by India's Ministry of Information and Broadcasting. In an X caption along with the order, the Ministry said: 'In light of the Pahalgam terror attack, national security takes precedence. OTT platforms are hereby mandated to remove all content originating from Pakistan.' You can read the full decree below. In response, Pakistan's Telecommunication Authority has blocked a collection of YouTube channels and websites linked to India. The Authority said the move was made 'in the light of the prevailing regional situation to safeguard national security and protect Pakistan's digital ecosystem.' Overnight, Pakistan and India accused each other of deploying deadly drone and missile attacks. The accusations follow India's missile strikes on Pakistan on Wednesday, which killed 31 people. India has said the strikes were in retaliation for an attack in Indian-administered Kashmir last month, in which 25 Hindu tourists and their guide were killed. India had accused Pakistan of direct involvement in the attacks. Pakistan has denied any involvement. Best of Deadline Book-To-Movie Adaptations Coming Out In 2025 TV Show Book Adaptations Arriving In 2025 So Far Everything We Know About 'Emily In Paris' Season 5 So Far
Yahoo
08-05-2025
- Entertainment
- Yahoo
Indian Government Orders Ban On Pakistani Content As Regional Tensions Rise
India's government has ordered all streamers and OTT companies operating in the country to pull Pakistani content, citing national security concerns. The ban includes a halt on web series, films, songs, podcasts, and other digital media content from Pakistan. More from Deadline BBC Player Set To Launch On India's Tata Play Binge Prime Focus Group To Build $400M Entertainment Hub In Heart Of Bollywood UK & India Sign Cultural Cooperation Agreement The order was published today by India's Ministry of Information and Broadcasting. In an X caption along with the order, the Ministry said: 'In light of the Pahalgam terror attack, national security takes precedence. OTT platforms are hereby mandated to remove all content originating from Pakistan.' You can read the full decree below. Advisory on content originating from PakistanIn light of the Pahalgam terror attack, national security takes precedence. OTT platforms are hereby mandated to remove all content originating from Pakistan.#OperationSindoor #IndiaFightsPropaganda — Ministry of Information and Broadcasting (@MIB_India) May 8, 2025 In response, Pakistan's Telecommunication Authority has blocked a collection of YouTube channels and websites linked to India. The Authority said the move was made 'in the light of the prevailing regional situation to safeguard national security and protect Pakistan's digital ecosystem.' Overnight, Pakistan and India accused each other of deploying deadly drone and missile attacks. The accusations follow India's missile strikes on Pakistan on Wednesday, which killed 31 people. India has said the strikes were in retaliation for an attack in Indian-administered Kashmir last month, in which 25 Hindu tourists and their guide were killed. India had accused Pakistan of direct involvement in the attacks. Pakistan has denied any involvement. Best of Deadline Book-To-Movie Adaptations Coming Out In 2025 TV Show Book Adaptations Arriving In 2025 So Far Everything We Know About 'Emily In Paris' Season 5 So Far
