News Broadcasting
BMI Film & TV Awards honour composer Harry Gregson-Williams and Earle Hagen
MUMBAI: Composers Harry Gregson-Williams and Earle Hagen were recipients of the annual BMI Film & Television Awards. BMI, the U.S. performing rights organization, honoured the composers and songwriters of the music from the past year’s top-grossing films, top-rated prime-time network television series and highest-ranking cable network programs at its annual Film & Television Awards.
The ceremony was hosted by BMI president & CEO Del Bryant and Film/TV Relations VP Doreen Ringer Ross.
Film composer Gregson-Williams recieved the Richard Kirk Award for Outstanding Career Achievement. This is annually awarded to a composer who has made significant contributions to the field of film and television music.
This British-born Golden Globe nominee has scored such diverse films as The Chronicles of Narnia: The Lion, the Witch & the Wardrobe, Man on Fire, Bridget Jones: The Edge of Reason, Shrek, Shrek 2, Spy Game, Chicken Run, Kingdom of Heaven, Antz and Domino. Williams was also named the Composer of the Year at the 2005 Hollywood Film Festival.
Former recipient of the Richard Kirk Award, BMI composer Hagen received the Classic Contribution Award in recognition of more than 50 years as a BMI affiliate and for 10 years of dedication as a mentor and teacher of the BMI workshop he founded in 1986. Hagen’s contribution includes some of the most memorable themes in TV music history like The Andy Griffith Show, The Dick Van Dyke Show, I Spy, Make Room for Daddy, Gomer Pyle, USMC, That Girl and The Mod Squad.
BMI’s Oscar, Golden Globe and Emmy winning composers were also celebrated, including Latin rock pioneer Gustavo Santaolalla, whose Brokeback Mountain music earned him an Academy Award for Best Original Score and a Golden Globe for Best Original Song for A Love That Will Never Grow Old from the movie’s soundtrack.
Danny Elfman’s Emmy winning theme of Desperate Housewives gave the composer two of his three wins; his score to Charlie and the Chocolate Factory also earned him a BMI Film/TV Award.
Founded in 1939, BMI is an American performing rights organization that represents more than 300,000 songwriters, composers and publishers in all genres of music. With a repertoire of more than 6.5 million musical works from around the world, the non-profit-making corporation collects license fees from businesses that use music, which it then distributes as royalties to the musical creators and copyright owners it represents.
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.
