GECs
Comcast, Sony Pictures to thrill audiences with new horror network
MUMBAI: Comcast and Sony Pictures Entertainment unveiled plans to premiere a new Horror and Thriller multi-platform network on Halloween, 31 October, 2006.
Plans for the new advertising-supported network were unveiled by Comcast president emerging networks Diane Robina and Sony Pictures Television president Steve Mosko.
The network will captivate fear seekers and fans of the horror film genre – one of the fastest-growing genres at the box office. It will debut on video on demand and the internet at launch, and will add a wireless platform in the future. The channel is the first multi-platform network that leverages the combined assets of the Sony and MGM libraries, which make up the largest collection of its kind in the world. Comcast and Sony announced their intent to create new distribution platforms for this content when the companies and other investors purchased the MGM library last year.
Horror and thriller films have emerged on the mainstream film scene in the last several years with box office numbers skyrocketing. Twenty per cent of the feature films released by major studios in 2005 were in this category, and one in three of those debuted at number one at the box office. The genre, which now features top Hollywood stars and grosses more than $1 billion a year, has a growing fan base in the sought-after 18-34 demographic.
“Horror fans not only like this genre, they are passionate about it. This is the first channel of its kind devoted solely to serving this expanding audience and a great advertising opportunity to reach this demographic. The number of horror fans is growing exponentially, and they are hungry for this kind of multimedia experience. This is the perfect time and the ideal platform to introduce a dedicated horror experience,” said Robina.
“We are excited to be launching the first of our joint channels with our partners at Comcast. More and more people are looking to a variety of sources for their entertainment, and this new channel will be available on multiple platforms simultaneously, redefining the idea of what a network is,” said Mosko.
The network will feature film and TV contemporary thrillers, suspense dramas, horror titles and more on Comcast’s On Demand service on 31 October and will launch its multimedia fan website the same day.
“The depth of offerings available from the Sony and MGM libraries is unparalleled. We have hundreds of titles at our disposal to satisfy every thrill seeker,” added Robina.
Horror movie fans will get the online experience they want through a video-rich, multimedia online environment that will become the horror destination for the fan community, and will include: exclusive horror outtakes, music downloads, a scream fest, original animation and behind-the- scenes footage. The network will add a wireless component that will feature horror ringtones, sound effects and other features designed specifically for the mobile experience.
The companies will announce the new network’s name and additional details about the multimedia content in the coming months.
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.
