Cable TV
Alfred Haber to distribute 49th Grammy Awards globally
MUMBAI: Alfred Haber (AHI) has been appointed exclusive international distributor of the 49th Annual Grammy Awards in 2007 by The Recording Academy.
This new deal marks the 18th consecutive year that AHI has served as international distributor for this awards show. In India, the show has been airing over the past few years on Star World.
The Grammy Awards will take place on 11 February 2007. In the US, it will air on CBS.
The Grammy Awards was the first awards show to air in high-definition TV/5.1 surround sound and will continue utilizing the latest technologies to provide a more immersive viewing and listening experience for the show’s global audience.
Alfred Haber says, “The Grammy Awards mark music’s biggest night. This live, three and a half-hour extravaganza has been the world’s most popular annual music event for decades, and we are delighted to able to offer this magical evening to our buyers around the world once again.”
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.
