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DTH News : Tata Sky to launch Tamil movie service on 11 Sep
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MUMBAI: Direct to home (DTH) operator Tata Sky is all set to launch its fifth regional movie service in Tamil called Tata Sky Tamil Cinema. The service slated to launch on 11 September will be priced at Rs. 45 per month.

Tata Sky Tamil Cinema will be available on channel number 1502. Customers will get 5 days free trial offer after which this service would be charged at regular price.

Currently, the DTH operator has four regional movies services namely Tata Sky Telugu Cinema, Tata Sky Marathi Cinema, Tata Sky Bangla Cinema and Tata Sky Punjab De Rang.

Tata Sky Telugu Cinema is priced Rs 45 per month while the other three services are available at Rs 30 per month.

Tata Sky currently has its footprints spread across 2 lakh towns with over 18 million connections in India.

Tata Sky is a leading DTH platform in the country after Dish TV/Videocon d2h combine with 25% share of the active pay DTH subscribers market of 67.53 million.

According to a Crisil report, Tata Sky’s net profit has zoomed to Rs 408 crore for the fiscal ended March 2018 as against Rs 8 crore in the previous fiscal.

PAT margin saw an improvement at 7.1% compared to 0.1% in the year-ago period. In FY17, the company’s net profit had tanked 90% to Rs 8 crore compared to Rs 80 crore in FY16.

Tata Sky’s FY18 revenue has jumped 8% to Rs 5719 crore from Rs 5302 crore in FY17. The revenue was Rs 4472 crore in FY16.

Tata Sky (formerly Space TV Ltd) commenced operations in 2004 as an 80:20 joint venture between Tata Sons and Network Digital Distribution Services FZ-LLC (NDDS). The company commenced DTH operations in August 2006.

In fiscal 2008, Bay Tree Investments (Mauritius), a part of Temasek Holdings (owned by the Ministry of Finance, Singapore) acquired 10% equity in Tata Sky. Later, Tata Capital Ltd, Tata Opportunities Fund, through Omega FII Investments Pte Ltd (Omega), and TS Investments Ltd (TSIL) also acquired an equity stake in Tata Sky.

As of 31 December 2017, Tata Sons, NDDS, TSIL, Bay Tree, Omega and Tata Capital Ltd (directly/indirectly) owned 41.49%, 20%, 20%, 7.8% and 0.71%, respectively, of the company’s equity capital.

Source:
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Airtel Digital HD Recorder / Kerala Vision Digital TV
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