TV18 Broadcast, a Reliance Industries Ltd group company, has slipped into net loss in the fiscal first quarter because of investments in new channel launches, CNN-IBN rebranding and the launch of video streaming service Voot. Building future businesses, the company posted a consolidated net loss of Rs 14.1 crore (Rs 141 million) in the quarter ended June compared to a profit of Rs 8.6 crore (Rs 86 million) in the year-ago period. Viacom18 launched Hindi movie channel Rishtey Cineplex and...
Investment in new channel and Voot pull TV18 into Q1 loss
Investment in new channel and Voot pull TV18 into Q1 loss