News Broadcasting
International Channel acquires Korean films and anime titles
MUMBAI: International Channel has signed licensing agreements with Mirovision is a major distributor for nine Korean films and Central Park Media for seven anime titles.
The acquisition is aimed at targeting young, English-speaking Asian Amercians through the Asia Street programming block.
The Mirovision deal is very important for us, as it will allow International Channel Networks to capitalize on the growing popularity of Korean cinema and be one of the few outlets in the US to feature Korean movies, said International Channel Networks International Channel managing director Steve Smith.
In addition, anime continues to be one of the top genres on International Channel, and the new titles from Central Park Media will greatly expand our product offering in this category.
The agreement with Mirovision gives International Channel nine Korean films: Byul, The Show, The Hidden Princess, Family, Siren, Love Bakery, Secret Tears, The Spy and Ghost in Love. The films will be subtitled in English. Mirovision is a major distributor of Korean Films.
The network has licensed seven anime shows from Central Park Media, which is a leading supplier of anime in the US. The anime titles like Record of Lodoss War, Record of Lodoss War: Chronicles of the Heroic Knight, Black Jack, Now and Then, Here and There, Project A-Ko and Descendants of Darkness will be presented in English.
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.
