India’s loss due to cable piracy at $1.4 billion for 2011: CASBAA

The Cable and Satellite Broadcasting Association of Asia noted that piracy remains a major concern for channels and operators in the Asia Pacific region with signal theft estimated to be more than $2.1 billion at the end of 2011, of which India will account for a loss of $1.4 billion

Hong Kong: India will account for $1.4 billion out of a loss of over $2.1 billion that the Asia Pacific region is estimated to witness in 2011 due to piracy, reports PTI quoting the Cable and Satellite Broadcasting Association of Asia (CASBAA).

Terming piracy as a major concern for the Asia Pacific region, CASBAA said a lack of market transparency and tolerance for illegal connections to cable systems has resulted in big losses in many countries of the region.

In a report released here, CASBAA noted that piracy remains a major concern for channels and operators in the region with signal theft estimated to be more than $2.1 billion at the end of 2011.

“India alone will have revenue losses of $1.4 billion as a result of piracy by the end of 2011,” it said.

According to the association, illegal connections and lack of transparency resulted in big revenue losses in countries like Thailand ($261 million), Taiwan ($136 million) and Pakistan ($125 million).

In its report released here on piracy and growth of multi-channel TV connections, CASBAA citing Nielsen data reported double-digit gains in TV ad revenues in China, India, Indonesia, Malaysia, Pakistan, the Philippines and Thailand.

“As we head towards the close of the year, it’s heartening to see multi-channel TV in Asia experiencing impressive growth across so many fronts,” CASBAA CEO Simon Twiston Davies said.

While the new data reflects traditional multi-channel TV distribution, the industry is also benefiting from new (and legitimate) distribution via broadband, mobile, Internet and wireless services, he added.

According to the report, currently there are 420 million multi-channel TV connections in the Asia Pacific region, more than the rest of the world combined.

There was 12% growth in multi-channel connections in the past 12 months, with 53% of the region’s homes now subscribing to a pay-television service, it said.

The economic impact of the growing power of TV is also reflected in double-digit annual revenue growth in TV advertising in China and India.

In 2010, Japan, India and China were the leading Asian multi-channel TV advertising markets, accounting for nearly 80% of the regions total, the report said quoting PwC data.

CASBAA is the association for digital multichannel television, content, platforms, advertising and video delivery across Asia. It promotes growth of pay TV and video content through industry information, networking exchanges and events while promoting global best practices.

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Tata Mutual Fund launches 368 days fixed maturity plan

Tata Mutual Fund new issue closes 8th November

Tata Mutual Fund has launched Tata Fixed Maturity Plan Series 37 Scheme C (368 days), a close-ended income scheme.

The investment objective of the scheme is to generate income and/or capital appreciation by investing in wide range of debt and money market instruments having maturity in line with the maturity of the scheme. The tenure of the scheme is 368 days.

The new issue closes on 8 November 2011. The minimum investment amount is Rs10,000.

Crisil Short Term Bond Fund Index is the benchmark index. Murthy Nagarajan is the fund manager.

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HDFC Mutual Fund launches 36 months fixed term plan

HDFC Mutual Fund new issue closes 9th November

HDFC Mutual Fund has launched HDFC FMP 36M October 2011 (1), a close-ended income scheme.

The investment objective of the plans under the scheme is to generate income through investments in debt/money market instruments and government securities maturing on or before the maturity date. The tenure of the scheme is 36 months.

The new issue closes on 9 November 2011. The minimum investment amount is Rs5,000.

Crisil Short Term Bond Fund Index is the benchmark index. Miten Lathia is the fund manager.

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