News Broadcasting
GlobeVISION to distribute Korean television drama
MUMBAI: GlobeVISION, Inc., a global media company with North American headquarters in Los Angeles, will distribute the hit Korean television drama Spring Waltz through its on-demand Internet Protocol Television (IPTV) service for Asian-Americans and Asian-Canadians.
The Korean TV drama will make its North American premier from 1 July 2006 through GlobeVISION’s PIE service.
GlobeVISION’s deal with Yoon’s Color, the television drama production studio in Korea, is the first time an independent television production studio is directly distributing its programs to North America without the support of a Korean broadcaster, according to an official release.
GlobeVISION’s PIE service is available in limited markets now and will launch nationwide later this year with thousands of Korean titles ranging from movies to television series to news and sports.
Spring Waltz is a twenty-episode drama series viewed by 31 per cent of the country when it aired on KBS in Korea, the highest rating for a drama this year. It is the fourth and final in a season-themed sequence from director Yoon, Seok Ho, whose Winter Sonata went on to be the highest rated Korean drama ever broadcast in Japan. This series represents the best of the new Korean wave of culture known as Hallyu.
“This deal to premiere Spring Waltz in North America demonstrates how GlobeVISION’s PIE service is the perfect platform for all production and content companies across Asia to directly reach Korean-Americans and Korean-Canadians,” states GlobeVISION CEO Edward Bach. “We are excited to bring such a big hit from Korea directly to the television sets of North America,” he adds.
Korea’s two largest private broadcasters (MBC and SBS), largest cable media group (CJ Media), top movie studio (CJ Entertainment), and largest Christian programming broadcaster (CGN TV) have recently signed deals positioning
GlobeVISION and the powerhouse distribution channel for Korean content in North America. The service will quickly expand to include programming from all over Asia including China and India, the release adds.
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.
