That is true. But on twitter there is video in which nimrat kaur mentioned that all shows of “test case” will be released in early 2018.
Also compared to competition, Balaji is still producing shows at much faster rate. And there are people who like their shows. Basically we have to look at downloads n subscribers to get full picture. And alt has approx 6 mn downloads and is the highest grossing entertainment app after netflix and hotstar - means they are going in the right direction.
Plus I am waiting for the release of “Bose” that will attract many many more eye balls. Please read the comments on you tube of “Bose” trailer! It is simply super should significantly alter people’s perception about Balaji and ALT.
Plus they have done some restructuring of their subsidiaries and that will result in the TV profits utilizing accumulated losses of movies business - thus tax outgo in coming couple of years will be minimal to zero. Should boost PAT.
Invested and very biased and so please check facts yourself and do your research before committing! I have been wrong many times in the past!
Poor Q2 results, would you agree? Losses at Operating level, other income dresses PAT to positive (standalone).
I’m still holding, but looks more and more a massive bet on AltBalaji. If con calls or analyst meets result in disclosure of paid subscriber numbers, that would be solid info to base views on.
Promoter holding % shows a decrease from 42% to 32% in August - is that the effect of dilution due to Reliance’s entry?
These losses are expected. Perhaps the losses will reduce only after one or
two more quarters. This is a long haul stock. The key points to look for
are total registered downloads and paying customers. Which has doubled in
last 3 months to 10 Million and 3 - 5% paying customers…
I think you are missing the crucial part of Reliance Industries picking 25% stake in Balaji Telefilms for 400 Crores or so for access to content. I don’t think Balaji Telefilms will be paid anything over that.
Reliance is one of the shareholders of Balaji telefilms. Because they are a
share holder, will Balaji give their business content free. I am a
shareholder too. Will Balaji give me Alt Balaji free. In business, there is
something called a shareholder and a customer. We can be both, but we need
to pay up for being a customer - unless otherwise, the board approves such
specific clauses.
If this means Reliance Industries is going to own the IP of the content produced by Balaji Telefilms for them, I think they won’t be paying anything for it. That should have been the whole idea of putting in 400 Crores into the company for 25% ownership. I am not sure of the exact terms but they may have agreed on a certain number of shows/hours that would be produced in exchange for the ownership? Besides, this content will be used by Reliance Inds on Jio Cinema and Alt Balaji won’t be involved in anyway.
Access to content does not mean they have the IP and own the content… And
i can have access to the same content through airtel broadband and
downloading altbalaji app… And paying Rs 30 per month… And Alt Balaji
has clarified in the result calls that their content is owned by them and
not exclusive to anyone…
I read the reliance investment document given to exchanges. The document
clearly says alt Balaji will own the IP of the content and the viewers…
There is no mention about reliance and it’s rights over the content…
Reliance’s benefit from investment could be first right of refusal for all Balaji content. Maybe access to content pipeline. Some say in type of content to be developed. But they will pay Balaji for content.
For all we know, the 400cr could even be for pushing some RIL related content in the future, maybe a Dhiribhai documentary. It must be small change for MDA, these 400 cr.
The arrangement should be similar to the one between airtel and amazon where airtel postpaid users get access to content from Amazon and even free prime membership.
It can also mean the race for good content is on…
Alternatively, even if balaji gives content to jio at cheaper rates what if jio provides free streaming of balaji content or some arrangements in that line. Could end up benefitting both. Jio being a long term player will be mutually beneficial situation.
