News Broadcasting
Court refuses to stay ‘Independence Day’ telecast on Star Movies
NEW DELHI: A Mysore court has refused to stay the re-telecast of 20th Century Fox film Independence Day on Star Movies.
The petitioner, NRI Film Production Associates Private Limited, had moved an injunction contending that pending the settlement of another case on copyright infringement involving the movie, it should not be aired on Star Movies throughout this month, as scheduled.
According to information available with indiantelevision.com, the principal district judge of Mysore court G V Hegde, in an order earlier this week stated that the court felt it was not necessary to grant an interim injunction for a short period.
Hegde, after listening to the arguments on the short-term injunction being sought by the plaintiff last week, had reserved his judgment.
In a case filed in a Mysore court, Veda Nayak of the NRI Film Production Associates has alleged that 20th Century Fox Film Corporation (News Corp’s movies arm) infringed on the copyright of a script written by him, called Extra Terrestrial Mission, by producing and releasing the film Independence Day in 1996.
Since Star Movies was scheduled to re-telecast the film of 8, 12, 17 and 25 November, Nayak had sought temporary relief from the court saying that the movie channel, also part of Rupert Murdoch’s News Corporation, should not be allowed to re-telecast the film.
However, the Mysore court made the following observations even as Star Movies has gone ahead and screened the movie on 8 and 12 November:
* The court did not grant the injunction sought for by the plaintiff during the remaining pendency of the suit, since the final orders on the permanent injunction of the suit will be made shortly. Therefore at this stage, the court felt that it was not necessary to grant an interim injunction for a short period.
* The court will pass final orders on the permanent injunction and other relief sought for in the suit on or before 26 November, 2003 – a time limit that has been fixed by the high court of Karnataka for conclusion of the suit.
The plaintiff, Nayak’s company, has brought to the notice of the court that the defendants, according to information available on the Internet, have already made over $ 800 million from the film throughout the world thus far, whereas the production cost of the film was only $ 75 million.
Nayak has argued that the defendants could not have made such huge profits but for the important dramatic events and incidents they had copied in Independence Day from Extra Terrestrial Mission, written by Nayak and registered by him too in the US when residing there.
The copyright infringement suit has been keenly contested between the parties since November 1998 in US courts too.
News Broadcasting
Network18 Q4 revenue grows 9.7 per cent, EBITDA at Rs 30 crore
PAT improves to Rs 306.6 crore, margins steady amid cost pressures.
MUMBAI: Not all news is breaking, some of it is quietly improving. Network18 Media & Investments Limited appears to be doing just that, tightening losses and stabilising margins even as costs continue to weigh on the business. For FY26, the company reported revenue from operations of Rs 1,955.1 crore, up from Rs 1,896.2 crore in FY25, signalling modest top-line growth in a challenging media environment. Total income stood at Rs 1,978.2 crore, compared to Rs 1,913 crore a year earlier.
Profit after tax came in at Rs 306.6 crore for the year, a sharp turnaround from Rs 3,225.4 crore in FY25, largely reflecting the absence of large exceptional items that had inflated the previous year’s numbers. On a more comparable basis, the company’s operating performance showed signs of gradual stabilisation.
However, the quarterly picture remained under pressure. For the March quarter, Network18 reported a loss of Rs 53.1 crore, narrower than the Rs 98.1 crore loss in the same period last year, but still indicative of ongoing cost challenges.
Expenses continued to track high. Total expenses for FY26 stood at Rs 2,235.7 crore, up from Rs 2,197.8 crore in FY25. Key cost heads included operational expenses of Rs 765.9 crore, employee benefits of Rs 475.9 crore, and marketing, distribution and promotional spends of Rs 427.1 crore, underlining the continued investment required to sustain reach and engagement.
At an operating level, margins remained under strain. Operating margin stood at 2.33 per cent for FY26, marginally higher than 1.77 per cent in FY25, while net profit margin remained negative at -13.02 per cent, though improved from -14.89 per cent.
On the balance sheet, total assets rose to Rs 8,957.6 crore as of 31 March 2026, from Rs 8,317.5 crore a year earlier. Equity strengthened to Rs 4,958.7 crore, while borrowings increased to Rs 3,112.8 crore, reflecting a higher reliance on debt to support operations.
Cash flows told a mixed story. While financing activities generated Rs 83.9 crore, operating cash flow remained negative at Rs -24 crore, highlighting ongoing pressure on core cash generation. Cash and cash equivalents, however, improved to Rs 33.9 crore from Rs 1.8 crore.
The numbers point to a company in transition growing revenues, trimming losses, but still grappling with structural cost pressures. In a sector where scale often comes at a price, Network18 seems to be inching towards balance, one quarter at a time.
