News Broadcasting
BVITV and Flextech TV ink UK licensing agreement
MUMBAI: Walt Disney’s Buena Vista International Television (BVITV) and Flextech Television have announced a UK licensing agreement for the launch of acquired US network series content on Flextech’s new broadband service.
As per the agreement with BVITV, Flextech’s new service will offer on-demand and on a rental basis, series like Grey’s Anatomy, Extreme Makeover and Alias, which air on Living TV and Bravo.
Accessible via the channel websites www.livingtv.co.uk and www.bravo.co.uk, the service enables UK users to download episodes that will be available for a 24 hour window within seven days of downloading, informs an official release.
In partnership with online broadcasting solutions provider Servecast and protected by Digital Rights Management software, this new service will enable viewers to download Living TV and Bravo’s homegrown shows. In addition, episodes of commissioned programme brands such as Most Haunted, Sin Cities and Real Football Factories will also be available for download, priced at £2.50 per episode.
The release adds that the line-up of titles available for download will be coordinated with Living TV and Bravo’s linear schedules, maximising the on-air promotional opportunities created by the new service, with series two of a programme appearing on air as the first series becomes available online. Free episodes will also offer tasters of the latest shows on the Living TV and Bravo channels.
Commenting on the agreement, BVITV EMEA executive VP and MD Tom Toumazis said, “We are working closely with international partners to use new technology in bringing our content to consumers in flexible new ways, and are pleased that viewers in the UK will now be able to enjoy these gripping hit series on demand through our agreement with Flextech.”
Flextech Television head of interactive Edward Humphrey said, “We’ll experiment with a variety of pricing models including PPV, packaging and subscriptions to better understand how our audience wants to purchase TV content online. We’ll also continue to offer free preview downloads of new shows – as recently demonstrated with Bravo’s Man’s Work – to encourage sampling of new content.”
The new service provides another medium for audiences to connect with Flextech’s brands, which are already available as linear TV channels, via cable video-on-demand, on the web and via mobile networks, adds the release.
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.
