Videocon d2h Limited India’s fastest growing DTH service and most valued Indian company on NASDAQ was honored with the Pay TV Service of the Year award at this year’s MIPCOM, the global television market and festival.
Joining top delegates from the worldwide television, content production and distribution and media technology industries at the Carlton Beach hotel in Cannes this evening, Videocon d2h was recognized for achievements during the inaugural Content Innovation Awards celebration, organized by Digital TV Europe and its sister trade publication TBI.
Saurabh Dhoot, Executive Chairman, Videocon d2h, said: “As the fastest growing Pay-TV operator in India and the DTH market leader for the fourth consecutive year in terms of incremental market share. Videocon d2h has worked hard for its success in what can only be described as a strongly competitive marketplace. Our focus of providing superior customer service for each and every single one of our 14 million gross subscribers has served as the foundation for several milestone accomplishments for Videocon d2h, including adding 2.64 million subscribers, growing subscription revenues by 38.3% during this past fiscal year.”
Anil Khera, CEO, Videocon d2h, said, “We started the year with the launch of India’s first 4K Ultra HD channel in January, became the most valued Indian company to be listed on NASDAQ with our successful IPO with a market cap of US$1.24 billion as of June 30, 2015. Being honored with Pay TV Service of the year award is a celebration of our customer delight approach.”
Accepting the award, Rohit Jain, Deputy CEO at Videocon d2h said: “Being named Pay TV Service of the Year, especially from a global field of innovative businesses, is truly the icing on the cake.”
Digital TV Europe and TBI’s inaugural Content Innovation Awards celebrate achievements across a wide range of categories – including Channel of the Year, Multiscreen TV, Social TV, Video-on-Demand, MCNs, Best New Channel Launch, Best Series Launch, Technology Innovation and Pay TV Service of the Year, among others.
The Pay TV Service of the Year award, sponsored by ARRIS Group, recognizes the formerly straightforward business of aggregating content and selling it for a monthly fee, which is now a multifaceted business spanning content creation, linear channels, on-demand services, interactive content, OTT and TV Everywhere, all delivered via a user experience that is compelling enough to incentivize viewers to continue subscriptions.