GECs
Disney’s High School Musical to premiere on Disney channels across Europe
MUMBAI: Disney channel original movie High School Musical is set to hit terrestrial television in 15 countries across Europe, including Italy, Germany, France and Russia.
BVITV EMEA executive vice president and managing director Tom Toumazis said, “As High School Musical’s international fanbase grows ever-stronger on Disney Channel, we are delighted to also be working with key terrestrial TV clients in a wide range of markets to launch it to yet more new fans later this year and into 2007.”
This will add new terrestrial TV sales for the made-for-TV musical made by Buena Vista International Television (BVITV), the international TV distribution arm of The Walt Disney Company.
The contemporary ‘break into song’ production has been licensed to the broadcasters RAI in Italy, ProSieben in Germany, ORF in Austria and M6 France, along with RTE in Ireland, ERT Greece, TRT Turkey and CYBC Cyprus. In Central and Eastern Europe, Channel One in Russia has also licensed it, as have TV2 Hungary, TV Media Planet Ukraine, TVR Romania, Pop TV Slovenia, and A1 Televizija in Macedonia. High School Musical has already been licensed to the BBC in the UK, for broadcast on BBC One later this year, and is expected to be licensed to many more key markets within the next month, informs an official release.
It will premiere on other international Disney Channels throughout 2006, with its UK Disney Channel premiere set for September.
The High School Musical US premiere in January broke Disney Channel ratings records, and for its 14 airings, has now been seen by over 40 million unduplicated total viewers. In June, the movie premiered on Disney Channels in Australia, New Zealand and Southeast Asia and delivered the best-ever results for a Disney Channel Original Movie in all of these markets.
High School Musical made its international terrestrial TV debut on 1 July in primetime on Seven Network Australia and was the timeslot winner against all major demos. It is the No. 1 movie in 2006 for tweens 10-15 delivering a 17.9/67 per cent rating/share and also the No. 2 movie on Seven Network this year with a 9.5/40 per cent rating/share for the Under 55s. It premiered on TV2 New Zealand on 19 August, and was the No. 1 programme of the night amongst People 5+, adds the release.
In August, the movie received two Emmy Awards, an Imagen Award and three Teen Choice Awards. It has also won the Television Critics Association Award for Outstanding Children’s Programming.
In the US, the soundtrack is No. 1 of the year to date, and is now certified triple-Platinum, delivering six Gold-certified singles since its debut in January. In addition to being the year’s #1 album so far, it is also the #1 soundtrack and #1 Kids’ album of the year to-date. High School Musical is also currently Disney’s biggest TV-based DVD title in the US, adds the release.
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.
