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Jigalova-Ozkan appointed as Walt Disney Russia managing director
MUMBAI: Marina Jigalova-Ozkan has been named Managing Director for The Walt Disney Company (Russia). The announcement was made by Walt Disney International president Andy Bird.
In this capacity, Jigalova-Ozkan will be responsible for driving the company’s growth strategy and coordinating all of Disney’s business efforts in Russia, which will include overseeing Disney’s global brands in the market; expanding existing businesses; and seeking out new business opportunities.
With Jigalova-Ozkan’s appointment, Disney will now have its existing businesses in Russia managed locally, with all business segments reporting in to Jigalova-Ozkan, as well as their respective business units. Jigalova-Ozkan will be based in Moscow and will assume her new post on 1 April, 2006.
“We are delighted to bring Marina’s knowledge of the Russian media sector and her expertise in building businesses in Russia to Disney as we increase our presence throughout the country. All economic and business indicators point to impressive growth potential for Disney in Russia and Marina’s experience will be invaluable as we continue to exploit new business opportunities and contribute to Disney’s long term growth,” said Bird.
Jigalova-Ozkan joins Disney from Prof Media Moscow, where she served as first deputy general director. Prof Media Holding is the largest private diversified media holding in Russia and whilst there, Jigalova-Ozkan led the management of the group in their launch of new businesses and acquisitions of new media assets, the development and implementation of restructuring programs in both the publishing and radio segments, as well as day-to-day operations.
MUMBAI: When margins wobble, liquidity talks and in Q3 FY25-26, cash did most of the talking. Den Networks Limited closed the December quarter with consolidated revenue of Rs.251 crore, marginally higher than the previous quarter but down 4 per cent year-on-year, even as profitability stayed resilient on the back of strong cash reserves and disciplined cost control.
Subscription income softened to Rs.98 crore, slipping 3 per cent sequentially and 14 per cent from last year, while placement and marketing income offered some cheer, rising 15 per cent quarter-on-quarter to Rs.148 crore. Total costs climbed faster than revenue, up 7 per cent QoQ to Rs.238 crore, driven largely by higher content costs and operating expenses. As a result, EBITDA dropped sharply to Rs.13 crore from Rs.19 crore in Q2 and Rs.28 crore a year ago, pulling margins down to 5 per cent.
Yet, the bottom line refused to blink. Profit after tax stood at Rs.40 crore, up 15 per cent sequentially and only marginally lower than last year’s Rs.42 crore. A healthy Rs.57 crore in other income helped cushion operating pressure, keeping profit before tax at Rs.48 crore, broadly stable quarter-on-quarter despite the tougher cost environment.
The real headline-grabber, however, sits on the balance sheet. The company remains debt-free, with cash and cash equivalents swelling to Rs.3,279 crore as of December 31, 2025. Net worth rose to Rs.3,748 crore, while online collections accounted for 97 per cent of total receipts, underscoring strong cash discipline across operations, including subsidiaries.
In short, while Q3 showed signs of operating strain, the financial backbone remains solid. With zero gross debt, steady profits and a formidable cash war chest, the company enters the next quarter with flexibility firmly on its side proving that in uncertain markets, balance sheet strength can be the best growth strategy.
