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Filmart kicks off, new addition is Hong Kong Music Fair
MUMBAI: The 10 edition of Hong Kong International Film & TV Market (Filmart) kicked off today (20 March). This edition also introduces the launch of The Hong Kong Music Fair, in collaboration with IFPI Hong Kong. Filmart is on till 23 March.
The Hong Kong Music Fair will offer a dedicated pavilion for music industry professionals and players to explore business opportunities on new media applications, copyright trading, technology transfer and cross-media partnerships.
Over 60 companies specialising in records production and distribution as well as artist management have taken part in this year’s premier Hong Kong Music Fair launch.
Filmart offers a wide variety of products and services, spanning from film, animation, digital entertainment, audio-visual equipment, post production and music productions, at the four-day event.
Over 400 exhibitors from 28 countries and regions presenting their most creative programmes have converged on Hong Kong Filmart, considered Asia’s world entertainment market. The exibihtion is recognised as the cross-media platform for industry players to network, exchange and trade in this part of Asia.
Over 4,000 buyers have registered on-line to visit the show, informs an official statement. Exhibitor attendance this year includes the first time exhibitors from Turkey, the Bahamas and Iran.
The Filmart exhibition will also inculde animation and digital entertainment pavilion to showcase their animation,online games and edutainment software as well as their digital post production facilities and services.
The Hong Kong – Asia Film Financing Forum (HAF) will be held concurrently with Filmart for the third year.
HAF, co-organised by the Hong Kong Trade Development Council (HKTDC) and Hong Kong & New Territories Motion Picture Industry Association Ltd (MPIA), is aimed at serving as a match making platform for the film industry, helping commercially viable and promising film projects in Hong Kong and Asia locate financial and business support through joint ventures or co-productions.
Over 160 film screenings and international premieres will be arranged for trade visitors.
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.
