News Broadcasting
Govt. urged to utlise synergies between film and tourism
MUMBAI: “We give and give. Yet the producer is taken for a ride throughout. Hopefully forums like this will help redress the situation.” Film producer Nitin Keni spoke these words during the morning session of Locations 2003, which is the world’s first film tourism event.
The event closes tomorrow at the Mumbai suburb of Juhu. Keni is a 20 year veteran of the industry who helped launch Zee TV in 1992
He lamented, “The experience of Indian filmmakers is very poor. We are still getting second-class status from the various state governments despite the fact that they collect a lot of revenue by way of entertainment tax. They need to wake up and get their act together. Indians prefer shooting abroad in places like Mauritius, London because it is cheaper and there are no bureaucratic hassles. Some amount of standardisation needs to be brought into the system. We could learn from Europe where film entrepreneurs get a tax relief in a country like Germany if 50 per cent of the film has been shot there.”
He also said that the attitude of the various government departments in the different states is unhelpful. “States invite us saying that free security will be provided. However when we land up there we are asked for donations towards some welfare institution where people working in the film and entertainment industry are languishing. Politicians and the bureaucratic machinery have taken the country back a
thousand years.”
On a positive note he mentioned that a lot of development had taken place in the film sphere. “Indian film is on the verge of a tremendous positioning in the global market. In fact our cinema is seen in more countries than Hollywood.”
Imax Adlabs’ MD Manmohan Shetty also emphasised the
importance of state governments to get more proactive on the issue. ” The cost of flying to a North eastern state often exceeds the cost of flying abroad. We make 800 films a year. The main challenge before the filmmakers is to find new locales not only outside but also within the country. This platform will make it easier for them to find locales that suit their subject matter. Tourists will be tempted to visit
locations apart from the main cities.”
At the session it was also pointed out that one fifth of the UK’s visitors go there as a result of film and television exposure that the country has received. The creativity of the film community coupled with the professionalism of the tourism industry can have a trickle down effect. Countries like Scotland and New Zealand have used films like Braveheart and Lord Of the Rings to promote tourism. In fact New Zealand is more a tourism than an industrial economy.
The event is being organised by Novel Event Works Company. Tarun Hukku thanked Indiantelevision.com for creating further awareness about the event through the internet. He pointed out that for the past few decades a quiet relationship had been developing between tourism and the film industry. Through forums like this, the tourism boards of different Indian states and countries could learn how to structure their schedule so that tourists could be enticed. The initiation of co-production is another aim.
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.
