Cable TV
Canal+ Group and Technicolor partner on HD service
MUMBAI: Technicolor has entered into a collaboration with Canal+ Group to create next generation content experiences, beginning with the launch of the Cube S.
Available immediately across France, the Cube S set-top box offers the complete portfolio of Canal+ content in a direct-to-consumer offering for the first time – all in HD.
The Cube S is a hybrid terrestrial TV and internet set-top box that takes full advantage of over-the-top (OTT) delivery to give access to more than 150 channels, including French DTT, Canal+ and CanalSat, and on demand and catch-up TV services. For the first time, consumers can take their set-top box with them to watch all this content anywhere they can access the internet within France.
Technicolor worked alongside Canal+ Group to pack the capabilities of the Cube S into a tiny design. Technicolor’s R&D teams in Rennes succeeded in the challenge to integrate a wide range of advanced video and wireless technologies into a small form-factor, supporting full HD alongside Wi-Fi to create a complete content experience. The Cube S is a powerful and minimalist expression of Canal+’s cube-themed product branding.
The Cube S is the first deliverable from an ongoing partnership that will see Canal+ Group and Technicolor work together to deploy new consumer offerings in other countries.
“The Cube S represents a totally new chapter in our vision for the Canal+ experience. For the first time, we can offer French audiences our complete range of content over the internet in one beautiful set-top box, a small cube. Our subscribers can consume TV content live or on demand or listen to more than 35M of music tracks or international radios proposed by our partners Deezer and Radioline. Technicolor’s engineering and design expertise has allowed us to create a truly innovative and stand-out product that offers all our content in HD,” said Canal+ Group EVP technology and information systems Frederic Vincent.
“We have taken advantage of 100 years of expertise in content creation and delivery to bring an incredible array of channels together in a uniquely designed set-top box. This represents a future-proof collaboration and delivery. We’re proud to support Canal+ to make it easier than ever to access all of its premium content,” added Technicolor Connected Home segment SVP EMEA François Rossiensky.
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.
