GECs
AXN Asia, Animax on hiring spree
MUMBAI: Sony Pictures Entertainment (SPE) Networks Asia has recently hired 29 people in key positions for its channels, AXN and Animax.
The latter is expected to debut in India later this year, while AXN in India continues to be the frontrunner in action and adventure programming.
SPE Networks Asia MD Todd Miller says, “We searched region-wide for the best talents to suit our operations, functional roles, and also serve as brand ambassadors for AXN and Animax.”
“Our new hires include Indian and Hong Kong nationals, Singaporeans, Taiwanese, and many others who have honed their skills all over the world. This will not only bring a global flavour to the two channels, but also the all-important local market knowledge to the teams.”
India’s Abid Hussain and Taiwanese Lisa Yang join as AXN producers while Hong Konger Miranda Ng and Taiwanese Kitty Chung join as Animax producers. Hussain will be in charge of the look and feel of AXN India. Speaking to Indiantelevision.com SET India’s assistant VP marketing and sales Rohit Bhandari who looks after AXN in India said that Husain understood the creative requirements of the Indian market as well as the nuances needed for creating promos and events.
Asked about Animax, Bhandari said that as of now there were no concrete plans as to when it would be brought into the country. As and when that happens, further appointments would be made for the country.
Another key recruit is Anna Teo who is the programming manager for Animax Asia. A former employee of TMS Entertainment, Teo marketed and licensed Japanese animation programmes to broadcasters in the Asia-Pacific region, including AXN Asia. At Animax, Teo is responsible for programming, new product acquisition and scheduling. She reports to Animax programming and production VP Betty Tsui.
“Virtually all departments from ad sales to marketing, from creative services to network presentation, and from programming to distribution have experienced an increase in headcount.” Miller adds.
GECs
Sahara One reports financial results, notes director exit and business realignment
Muted revenues, steady expenses and strategic adjustments shape company’s current phase
MUMBAI: In a tale where the sands seem to be slipping faster than they can be gathered, Sahara One Media and Entertainment Limited has reported another quarter of wafer-thin income and widening losses, even as a boardroom exit adds to the unease.
The company informed the Bombay Stock Exchange that its board, in a meeting held on April 4, approved its unaudited financial results for the quarter ended September 30, 2025. The numbers paint a stark picture. Total income for the quarter stood at just Rs 0.13 lakh, unchanged sequentially and sharply down from Rs 0.26 lakh a year earlier.
Losses, meanwhile, deepened. The company posted a net loss of Rs 24.16 lakh for the quarter, compared to Rs 18.81 lakh in the June quarter and Rs 39.69 lakh in the same period last year. For the six months ended September 2025, the cumulative loss stood at Rs 39.69 lakh, while the full-year loss for FY25 was reported at Rs 60.72 lakh.
Expenses continued to outweigh income by a wide margin. Total expenses for the quarter came in at Rs 24.30 lakh, led by employee benefit costs of Rs 6.51 lakh and other expenses of Rs 17.78 lakh. Earnings per share remained in the red at Rs (0.11) for the quarter.
The balance sheet reflects a company with significant assets on paper but limited operational momentum. Total assets stood at Rs 23,065.57 lakh as of September 30, 2025, broadly unchanged from March 2025. Equity share capital remained steady at Rs 2,152.50 lakh, while total equity was reported at Rs 18,004.85 lakh.
Cash and cash equivalents saw a modest uptick to Rs 6.75 lakh from Rs 4.68 lakh earlier, supported by a positive operating cash flow of Rs 180.01 lakh for the period.
Yet, beneath these numbers lies a more complex narrative. The company’s auditors flagged their inability to obtain sufficient evidence to form a conclusion on the financial statements, citing lack of access to records. They also raised concerns over the company’s ability to continue as a going concern, pointing to insufficient funds, delayed recoveries, and stalled content investments.
Adding to the governance overhang, the company disclosed that Rana Zia has resigned as whole-time director, effective October 16, 2025, citing other professional commitments. The resignation, noted and accepted by the board, also brings an end to her role across company committees.
Regulatory pressures continue to loom large. The Securities and Exchange Board of India has already initiated penal actions for non-compliance with listing norms, with trading in the company’s shares remaining suspended. There is also a risk of promoter demat accounts being frozen.
Legacy legal issues remain unresolved. A substantial deposit of Rs 694,027.88 thousand linked to the long-running OFCD dispute involving Sahara group entities is still under the purview of the Supreme Court of India. Restrictions on asset disposal continue to weigh on the company’s financial flexibility.
Operationally, challenges persist across multiple fronts. Advances worth Rs 1,92,916 thousand given for film content remain stuck, with delays in project completion and uncertain recoverability. The company’s YouTube channel, despite being operational, has generated no revenue for over three years due to compliance lapses. In a further twist, management has indicated that revenues may have been fraudulently diverted through unauthorised changes to its AdSense account, with a police complaint in the works.
There are also missed revenue opportunities. Television content rights continue to be used by a related party despite the expiry of the licence agreement, with fresh negotiations still underway.
For now, Sahara One Media and Entertainment Limited appears caught between legacy disputes and present-day operational hurdles. As losses linger and governance questions mount, the road to recovery looks less like a sprint and more like a slow trudge through shifting sands.
