English Entertainment
HTMT Q1 net profit down to Rs 105 million
MUMBAI: Hinduja TMT has posted a net profit of Rs 105.4 million for the first fiscal quarter ended 30 June 2005, down from RS 189.8 million a year ago.
Total income stood at Rs 411.5 million, compared to Rs 453.4 during this period. The company’s Toronto (Canada) and New Jersey (USA) branches started during the quarter, vindicating HTMT’s global delivery model.
HTMT is also in the process of opening a branch for its Manila delivered IT/BPO operations. Following this, the financial performance of its Philippines based subsidiaries, Customer Contact Centre Inc, Manila and Source One Communications, would also be combined along with that of other geographies – India, US, Canada and Mauritius.
Media and telecom as a segment contributed a revenue of Rs 12.5 million for the first quarter of this fiscal, down from 15.8 million a year ago. Earnings from IT (information technology) fell to Rs 323.3 million, from Rs 428.2 million during this period. Treasury, however, rose to Rs 75.7 million, as compared to Rs 9.3 million.
English Entertainment
Ellison takes his Paramount-Warner Bros case straight to theater owners
The Skydance chief goes to CinemaCon with promises and a skeptical crowd waiting
CALIFORNIA: David Ellison strode into a room packed with thousands of cinema owners and executives at CinemaCon in Las Vegas on Thursday and did something rather bold: he looked them in the eye and asked them to trust him.
The chief executive of Paramount Skydance vowed that his company would release a minimum of 30 films a year if regulators greenlight its proposed $110 billion acquisition of Warner Bros Discovery, a deal that has made theater owners deeply, and loudly, nervous.
“I wanted to look every single one of you in the eye and give you my word,” Ellison told the crowd. “Once we combine with Warner Bros, we are going to make a minimum of 30 films annually across both studios.”
It was a confident pitch. Whether it landed is another matter. Cinema operators have already called on regulators to block the deal, and scepticism in the room was hardly concealed.
Ellison pushed back by pointing to recent form. Paramount, born from the merger of Paramount Global and Skydance Media last August, plans to release 15 films this year, nearly double the eight it put out in 2025. Progress, he argued, was already underway.
He also threw theater owners a bone they have long been chasing: all films, he pledged, would run exclusively in cinemas for a minimum of 45 days, drawing applause from a crowd that has spent years fighting for exactly that commitment across the industry.
“People can speculate all they want,” Ellison said, “but I am standing here today telling you personally that you can count on our complete commitment. And we’ll show you we mean it.”
Fine words. The regulators, however, will have the last one.
