New Delhi: Network18 Media and Investments Ltd, which has business interests in television, movies and online retailing, significantly narrowed its consolidated net loss to 1.14 crore for the quarter ended 30 June as it benefited from lower interest costs.

The company posted a net loss of 1,021.87 crore in the same period last year.

Revenue for the first quarter of FY 2015-16 rose 12% to 793.6 crore from 708.4 crore.

Revenue from its subsidiary TV18 Broadcast Ltd, the company’s television and motion pictures business that also operates news channels CNN-IBN and CNBC TV18, rose 13% to 596.7 crore from 527.7 crore.

Meanwhile, Bookmyshow, a movie ticketing website owned by Network18 clocked 62% jump in viewership to 70 million visitors per month. Number of tickets sold grew 100% over the previous quarter.

The general entertainment TV channel Colors held the top spot in prime time, the company said in a statement. Colors led the non-fiction genre, thanks to reality shows ‘Comedy Nights with Kapil’ and ‘India’s got Talent’.

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