FY 2019 Check-Up Policy Was Also Introduced
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TV August 16, 2019 National Stock Exchange of India Limited BSE Limited Listing Department Department of Corporate Service - Listing Exchange Plaza Phiroze Jeejeebhoy Towers, Plot No.C/1, G-Block Dalal Street Bandra Kurla Complex, Bandra (East) Mumbai - 400001 Mumbai - 400 051 Trading Symbol: "TV18BRDCST" Script Code: 532800 Dear Sirs, \ Sub: 14th Annual General Meeting of the Company - Annual Report and Cut-off date for E-voting We wish to inform you that the 14th Annual General Meeting of the members of the Company will be held on Wednesday, September 11, 2019 at 10:30 a.m. at Y.B. Chavan Centre - Auditorium, Yashwantrao Chavan Pratisthan, Gen. Jagannathrao Bhosale Marg, Opposite to Mantralaya, Next to Sachivalaya Gymkhana, Nariman Point, Mumbai - 400 021 ("Meeting"). The Annual Report for the Financial Year 2018-19 including the Notice convening the Meeting is attached herewith. The Company will provide to its Memb~rs the facility to cast their vote(s) on all resolutions set forth in the Notice by electronic means ("e-voting"). The e-voting communication giving instructions for e-voting, being sent alongwith the Annual Report, is also attached. The Cut-off date for remote e-voting and voting at the venue of the Meeting is Wednesday, September 4,2019. Kindly take the above information on your record. Thanking you, Yours faithfully, for TV18 Broadcast Limited ~ Company Secretary End : As above TV18 Broadcast Limited (CIN - L74300MH2005PLC281753) Regd. office: FirstFloor, Empire Complex, 414- Senapati Bapat Marg, Lower Parel, Mumbai-400013 T+91 2240019000, 6666 7777 W www.nw18.comE:[email protected] ANNUAL REPORT 2018-19 CONTENTS 01-18 19-85 86-196 Corporate Overview Statutory Reports Financial Statements 01 Information, Entertainment, Impact 20 Management Discussion and Analysis Standalone 02 Chairman’s Message to Shareholders 48 Board’s Report 86 Independent Auditor’s Report 03 A Broad Palette of Cutting-edge 59 Business Responsibility Report 96 Balance Sheet Content 66 Corporate Governance Report 97 Statement of Profit and Loss 04 Our Portfolio of Strong Brands 98 Statement of Changes in Equity 06 We Inform - Keeping Our Viewers 99 Cash Flow Statement Informed 101 Notes to the Standalone 07 We Go Beyond the Studio Financial Statements 08 We Entertain through a Unique Blend Consolidated of Original Programming 10 We Create Impact Touching Lives, 139 Independent Auditor’s Report 146 Consolidated Balance Sheet Captivating Minds 147 Consolidated Statement of 12 Differentiated Content, Integrated Profit and Loss Platforms 148 Consolidated Statement of 14 Scaling Up Our Regional Focus Changes in Equity 15 We are Accessible, Available and 149 Consolidated Cash Flow Affordable Statement 16 Board of Directors 151 Notes to the Consolidated 18 Corporate Information Financial Statements Notice 197 Notice, Attendance Slip & Proxy Form View this report online or download from www.nw18.com/ Information From everywhere, For everyone INFORMATION, ENTERTAINMENT, IMPACT TV18 is home to India’s largest news network and third largest entertainment network with marquee brands like CNBC-TV18, CNN-News18, Colors, MTV & Nick. We inform our viewers through our accurate, insightful, and timely news. We entertain our audience by creating Entertainment compelling and clutter-free content. We impact the lives of Fresh ideas, myriad emotions millions of our viewers by enhancing their knowledge and inspiring their emotions, through engaging with them in their own language. Our programmes touch the lives of 800+ million people, representing 95% of India’s television viewing universe. One in every two Indians consume our broadcast content. Impact • Story-tellers to 800 million consumers • Unparalleled outreach TV18 Broadcast Limited | Annual Report 2018-19 CHAIRMAN’S MESSAGE TO SHAREHOLDERS Dear Shareholders, We reach 800 mn Indians today through FY 2018-19 has been a our 55 domestic TV channels, making 1 in 2 Indians a consumer of our broadcast year of unprecedented content. The past year was defined by change for the TV and regional content consumption and monetisation across news, entertainment Digital media industry. and digital. Our portfolio of channels and Amidst a new regulatory digital properties reaches consumers in regime in broadcasting, 15 languages across 26 states. Building on our position as India’s top media rising competitive house with unparalleled reach, we touch intensity in digital and the lives of Indians across geographies and genres every day, speaking in their an ad-environment that own language. ebbed and flowed, we are happy to have emerged We are the No. 1 news broadcaster by a wide margin. Our entertainment stronger and having portfolio is the youngest and fastest reinforced our consumer growing amongst peers, and is the No. 3 pan-India entertainment network. connect. A strong and In addition to TV broadcasting, it pipe-agnostic content includes a film studio renowned for strategy, innovations in clutter-free cinema (a peerless example is the film “Andhadhun”) and leading programming formats, OTT platform VOOT. A key achievement and a focus on building has been our foray into subscription models in our flagship digital properties, robust platforms have been aimed at embracing change and the keys to our success. accelerating growth. We have continued to We remain committed to invest across enhance our reputation as segments and stitch partnerships across the premier multi-platform the media value-chain, so as to ring- destination for objective, fence growth and leadership, derive synergies of scale and cost, and improve cutting-edge news and profitability in the medium-term. entertainment that pushes the envelope. Regards, Adil Zainulbhai Chairman 02 A Broad PALETTE OF CUTTING-EDGE content TV18 is a subsidiary and the broadcast arm of the Network18 group, one of India’s leading and most diversified media conglomerates. We straddle both the News and Entertainment domains, striving to touch the daily lives of Indians across regions - making them think, learn and smile. What Defines Us TV18 is one of India’s most India’s No. 1 TV News network watched broadcast networks, by reach, viewership share and offering general and business revenue news, and mass as well as niche entertainment in Hindi, English and regional languages. India's 3rd largest entertainment broadcaster 1 in 2 Indians consume our content on television Partner of choice for global media behemoths like Viewership share of 13.4% Viacom, NBCU, Turner and across news, entertainment and A+E Networks infotainment India's No. 2 broadcaster (video-on-demand platform), Largest regional news with a content library of 60,000 network, with a reach of hours 540 million 03 TV18 Broadcast Limited | Annual Report 2018-19 OUR PORTFOLIO OF STRONG BRANDS We are one of the leading broadcasters in India, and the most diversified. Our portfolio includes marquee brands like CNBC-TV18, News18 India, Colors, MTV and Nickelodeon. We reach every corner of the country through 55 domestic channels, speaking to India’s diverse audience in a language of their choice. We also touch the Indian diaspora across the globe through 16 International channels. TELEVISION NEWS BUsiness News REGIONAL News GENERAL News 04 01-18 19-85 86-196 Our Portfolio of Strong Brands Corporate Overview Statutory Reports Financial Statements ENTERTAINMENT HINDI GENERAL REGIONAL Entertainment Entertainment HINDI FILMS Kids Entertainment ENGLISH Entertainment YOUTH AND MUSIC INFotainment Digital FILM CONTENT PRODUCTION Asset Monetisation OTT - VIDEO AND ON DEMAND DistriBUTION Digital CONTENT 05 TV18 Broadcast Limited | Annual Report 2018-19 KEEPING OUR VIEWERS INFORMED We Inform We are the No. 1 news network in India with the highest news viewership market share. We are known for responsible news reporting through our trusted and award-winning anchors, intelligent analysis, innovative, in-depth and comprehensive news coverage and concepts. We inform and engage millions of Indians across all demographics. Cemented No. 1 position amongst news Improved ranking to No. 3 in English networks and maintained leadership, Maintained No. 2 rank among Hindi News genre even compared with legacy brands and News channels; Reached No. 1 position in free-to-air networks metro cities during evening prime time Maintained No. 1 rank in English and Expanded to 12 languages; 10.6% Hindi Business News Added three new languages during Viewership the year TV News viewership share in FY 2018-19 06 01-18 19-85 86-196 Keeping Our Viewers Informed Corporate Overview Statutory Reports Financial Statements We Go Beyond the Studio WE GO BEYOND THE STUDIO Rising India Summit Themed ‘Beyond Politics: Defining National Priorities’, the marquee Thought Leadership Summit was attended by the Honourable Prime Minister of India. The Summit is a distinctive combination of insightful analysis and discussions between key decision-makers, celebrating India’s successes and deliberating on the future. Mahabharat - Special Election Programming We presented special programming on General Elections 2019 under the umbrella of “Mahabharat”, which was telecast in 15 different languages on 20 news channels. This was powered by thousands of on-ground journalists and supported by cutting-edge product, design, and technology. Beyond Elections With 3,500 hours of content with over 200 shows and segments, we catered to the youth and first-time voters through this programme, which focussed on the aspirations of common people. The programme was presented through vox-pops,