News Broadcasting
Eros Investments acquires ENT global, partners with L3COS
Mumbai: Eros Investments on Tuesday announced the acquisition of ENT Global to form a strategic partnership with L3COS for the mass adoption of the web3 creator ecosystem.
Later this month, L3COS will launch the world’s first ever fiat-on-chain (FoC) with three initial currencies-EUR, GBP, and USD-all of which are fully one-to-one cash backed and safeguarded by central banks.
FoC will be used for payments and transactions by launch partners AgriDex, the global supply chain marketplace for the agriculture and food industry, and ENT Global, the digital rights management company now owned by Eros Investments.
Eros Investments said that this partnership with L3COS will pioneer technological disruption of two trillion dollars in the sports and entertainment industry
The closed-loop native marketplace for celebrities and creators will be live soon, with an initial $500 million of FoC deposits. Every participant transacting on the L3COS platform will have a KYC/AML screened unique and verified digital identity, to enable individuals, businesses, and governments to interact and trade in a safe and regulated way on a global scale. This frictionless trade is facilitated using smart contracts and the currencies of the end user’s choice. Revolutionary FoC technology delivers real-time settlement (real-time gross settlement) of all transactions within the L3COS ecosystem.
Eros Investments and ENT Global will power the entertainment and sports marketplace with digital rights management in partnership with L3COS. The collaboration allows the companies to collaborate to build the first web-based entertainment ecosystem, allowing creators and fans to interact directly for the purchase, sale, and trading of various digital assets.
Eros Investments chairman Kishore Lulla said, “As we ready ourselves for this industry evolution, Eros is pleased to be able to create a first-of-its-kind worldwide marketplace that eradicates barriers to entry for consumers transacting on a blockchain ecosystem. With central bank safeguarding, consumers will be able to confidently, for the first time, transact in an entertainment digital marketplace with fiat on chain capability. This is the next stage of evolution in commerce, and we are excited to pioneer disruption with L3COS.”
“We are extremely excited about our new partnership with Eros Investments and ENT Global to offer our web3 solution for the entertainment and sports industries, which brings together creators, athletes, and entertainers and allows them to develop and trade digital intellectual properties – from event tickets, art, games, and merchandise – directly with their fans worldwide, without any middlemen or risk of fraud,” added L3COS founder Zurab Ashvil.
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.
