Star India FY22 Net Profit Jumps 74% To <span Class='webrupee'>₹</span>1421.27 Crore, Revenue Up 38%
PremiumThe Walt Disney Company-owned Star India, an entertainment network, has posted a 74% increase in its consolidated net profit for the financial year ended 31 March 2022.
The Walt Disney Company-owned Star India, an entertainment network, has posted a 74% increase in its consolidated net profit for the financial year ended 31 March 2022. The company’s profit jumped to ₹1421.27 crore, from ₹815.72 crore in the corresponding quarter of the previous year.
According to date accessed by business intelligence platform Tofler, the company’s revenues for the financial year stood at Rs. 17,480.62 crore, a 38% jump over ₹12,664.36 crore in the year ago period.
Total expenses were reported as Rs. 15,652.92 crore, up 40.71% year-on-year.
Now known as Disney Star Pvt Ltd, the company runs more than 70 linear TV channels in eight languages, besides a movie production and distribution arm for both Hollywood and Indian films.
Revenue from advertisements rose to Rs. 8,948.35 crore, up from Rs. 5,918.98 crore the previous year. Subscription revenues also increased marginally to Rs. 4,757 crore as compared to Rs. 4,670.95 crore. Licensing of content rights brought the company Rs. 1,769.76 crore versus Rs. 1,160.76 crore last time. Theatrical distribution of films, on the other hand, helped clock in earnings of Rs. 25.64 crore as compared to Rs. 11.21 crore the year before that, when most cinemas were shut due to covid-19 restrictions.
Meanwhile, Novi Digital Entertainment Pvt Ltd, a subsidiary of Star India, which runs the company’s video streaming platform Disney+Hotstar, reduced losses to ₹343.16 crore, as compared to a loss of Rs. 600.77 crore the previous year.
The total income of the OTT platform almost doubled to Rs. 3,259 crore, from Rs. 1,794 crore in FY20-21.
Catch all the
Corporate newsand Updates on Live Mint. Download The
Mint News Appto get Daily
Market UpdatesBusiness News.
No Network
Server Issue
Internet Not Available
" + planName + ""; /* current plan info ends */ /* next billing html starts */ if (planData.next_billing_at != "" && planData.next_billing_at != "null" && typeof planData.next_billing_at != "undefined") {billingCycleText = "Next Billing Date : "; nextActivationDate = planData.next_billing_at; } else if (planData.expires_at != "" && planData.expires_at != "null" && typeof planData.expires_at != "undefined") {billingCycleText = "Expiry date : "; nextActivationDate = planData.expires_at; } else {billingCycleText = "Expiry date : "; nextActivationDate = planData.current_term_ends_at; } var nextBillingMonth = new Date(nextActivationDate).toDateString().split(" ")[1]; var nextBillingDay = new Date(nextActivationDate).getUTCDate(); var nextBillingYear = new Date(nextActivationDate).getFullYear(); var nextBillingHtml = nextBillingDay ? "" + billingCycleText + nextBillingDay + " " + nextBillingMonth + " " + nextBillingYear + "
The Fragile Lifeline: America's Aid To Ukraine Amidst Political Struggles
Amidst escalating tensions with Russia, the United States has once again extended a vital lifeline to Ukraine in the for... Read more
Trailblazers Of Change: Generation Z's Role In Shaping The Future
Generation Z, often referred to as Gen Z, is making waves as a generation that is actively shaping the future. Their rep... Read more
Bridging The Aisle: The Role Of Bipartisanship In Shaping U.S. Foreign Policy Through Ukraine Aid
In a significant display of legislative solidarity, the U.S. House of Representatives recently passed a substantial aid ... Read more
Escalation In Gaza Prompts Biden To Demand Immediate Ceasefire
In a remarkable move that signals potential shifts in US foreign policy, President Joe Biden has demanded an immediate c... Read more
Israel's Strategy In Gaza: A Precarious Balance Between Security And Humanity
In the Shadow of Conflict: Israel's Approach to GazaIn the heart of the Middle East, the Gaza Strip remains a focal poin... Read more
Ceasefire Diplomacy: The Role Of International Mediators In The Israel-Hamas Conflict
In the shadow of a conflict that has seen countless escalations, the recent refusal of both Israel and Hamas to entertai... Read more