From a post-production house to one of the leading entertainment companies, Reliance MediaWorks (formerly Adlabs) has come a long way. Mr Anil Arjun, Chief Executive Officer, expects a turnaround this year as a host of releases are lined up after a lull in April-June. He spoke to Business Line about the industry’s outlook, plans and the idea for brand change.
While you posted a loss in Q2, do you believe that it was still better with the new revenue sharing agreement in place?
We have seen a major gain in performance between Q1 and Q2. Our EBITDA from operations grew to Rs 35 crore and losses were down from Rs 65 crore (in the preceding quarter) to Rs 11 crore. Depreciation and interest were high because we went through a large capital expansion in the past year. I see a lot of benefits flowing from Q3 onwards and reflecting positively on our growth and profits.
Continue reading Reliance MediaWorks has a robust business model
Anil Ambani Group firm Adlabs Films said it has changed its name to Reliance MediaWorks as the new name more accurately reflects its identity as a diversified film and media services company.
The company’s name has changed Reliance MediaWorks Ltd effective from October 5, 2009. The company has received the certificate from the Registrar of Companies, Maharashtra registering the aforesaid change in name, Adlabs Films said in a filing to the Bombay Stock Exchange.
Continue reading Adlabs Films renamed with Reliance MediaWorks
The shareholders of Anil Ambani group firm Adlabs Films have approved proposals entailing a name change of the company to Reliance MediaWorks and raising of additional funds.
Shareholders of the company at its meeting held yesterday have approved a special resolution for change in name of the company from Adlabs Films to Reliance MediaWorks, the company said in a filing to the Bombay Stock Exchange.
Continue reading Adlabs gets shareholders approval for name change, fund raising
Big Cinemas, a subsidiary of the Reliance Anil Dhirubhai Ambani Group (R-ADAG), plans to add around 100 more screens to its existing network by next year.
Big cinemas today is Indias largest cinema chain with a dominant network of over 213 screens spread across 66 cities. The company is proposing to scale up the network by adding 100 more screens by next year leading to a presence across 85 cities and would cater to more than 35 million customers annually in India, said a company statement released here Thursday.
Continue reading Big cinemas plans to add 100 more screens by next year
Big FM will now be listed on the Bombay Stock Exchange as Reliance Media World Limited.
The radio business of Adlabs Films Limited (AFL) namely Big FM was demerged from AFL into Reliance Unicom Limited pursuant to the approval of the Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956 (Scheme), which was approved by the high court on 4 April this year.
Continue reading Big FM to be listed on BSE and NSE as Reliance Media World Limited
Adlabs Films, a member of Reliance Anil Dhirubhai Ambani Group (ADAG), which operates Big Cinemas, has tied up with Sambhaav Media in Gujarat and Media Prophet India in Uttar Pradesh to tap the regional and local advertisers in these markets.
Sambhaav Media will market 11 of Big Cinemas properties across Gujarat, including Ahmedabad, Gandhinagar, Gandhidam, Jamnagar, Palanpur, Vapi, Anand, Hanjer, Patan and Deesa. Sambhaav Media is a leading media house in Gujarat, with presence in outdoor, magazines (Abhiyaan) and newspapers (Sambhaav Metro and Loksatta-Jansatta).
Continue reading Big Cinemas ties up with Sambhaav Media and Media Prophet
Entertainment major Adlabs Films Ltd, part of Reliance ADA Group, has posted Rs 662 crore revenue from operation for the financial year ended March 31, 2009, up by 57 per cent from its corresponding figure in the last fiscal. The cinema division of the company has seen highest growth during the fiscal at 103 per cent and contributed revenue of Rs 345 crore to the company. While the revenue at film and media services grew by 51 per cent to Rs 135 crore, Big Synergy (non-fiction programming division) recorded growth of 38 per cent to Rs 40 crore, according to a company press release.
Continue reading Adlabs posts Rs 345 cr revenue from Big Cinemas division
Adlabs Films USA Inc, part of Adlabs Films Ltd, a member of the Reliance Anil Dhirubhai Ambani Group, is India’s fastest growing film entertainment company with a dominant position in Film Processing and DI services and Digital Cinema mastering; television content and is India’s largest cinema chain, BIG Cinemas, with over 390 screens across US, India and Malaysia.
Adlabs Films USA Inc is proud to announce it enter into an agreement with â€œMohan Media Creationsâ€ to acquire the theatrical screening rights for upcoming film “Kalavaramaye Madilo”.
Continue reading â€œKalavaramaye Madiloâ€ in USA Theaters by Adlabs Films USA Inc
There is more trouble for Chennai-based retail chain Subhiksha. Anil Dhirubhai Ambani Group’s subsidiary Adlabs Films has filed a petition in the Madras High Court opposing Subhiksha’s merger with Blue Green Constructions Limited. CNBC-TV18â€™s Divya Rajagopal reports that what is the quantum of money that Subhiksha owes Adlabs because of which they donâ€™t want this merger to take place.
Here is a verbatim transcript of Divya Rajagopalâ€™s comments on CNBC-TV18. Also watch the accompanying video.
Adlabs Films has moved the Madras High Court opposing Subhikshaâ€™s merger with Blue Green Constructions Ltd. Subhiksha owes Rs 43 lakh to Big FM, which is part of Adlabs Films. Adlabs Films wants Subhiksha to repay that money first and then go ahead with the merger.
Continue reading Adlabs Films opposes Subhiksha’s merger with Blue Green Constructions
Big FM will be listed on the BSE and NSE within a couple of months in an effort to infuse funds for its business expansion and managing operations independently, reported Business Standard.
The move to list follows the no-objection nod from the Information and Broadcasting Ministry, allowing Adlabs Films’ proposal to de-merge radio operations from its overall business. Adlabs is the license holder of Big FM
Citing unconfirmed sources the Business Standard reported that Reliance Unicom, which will be the holding company of Big FM post its listing, might go for an initial public offer.