News Broadcasting
NBC’s Sci Fi channel inks multimedia deal with Virgin Comics
MUMBAI: Sci Fi Channel, an NBC Universal network, is teaming up with Sir Richard Branson’s Virgin Comics to create a co-branded multimedia partnership called Sci Fi/Virgin Comics.
With five new comic book titles serving as a jumping off point, Sci Fi/Virgin Comics will develop fresh properties that integrate the spirit and vitality of both brands. Delivering innovative, multi-platform projects, original concepts will be considered across all mediums from publishing, film and television to digital and gaming.
The announcement was made today by, Sci Fi Executive Vice President and general manager Dave Howe and Virgin Comics CEO and publisher Sharad Devarajan at New York Comic Con, the season’s pop culture and comic book event.
The first Sci Fi/Virgin titles, distributed by Diamond Comics, can be expected to hit shelves later this year, informs an official release.
“Virgin Comics and I are delighted to collaborate with Sci Fi and the rest of the NBC Universal family,” said Sir Richard Branson, “to create stories that will inspire a new generation of thinkers and dreamers throughout the world.”
“Sci Fi/Virgin Comics marks an important step in our strategy to extend the Sci Fi brand into new cross-media platforms. We’re thrilled to be partnering with Virgin Comics to create exciting new titles, characters and stories that can live beyond the pages of the comic book,” added Howe. “Virgin is the perfect brand to help us connect with the youth audience around the world.”
“With Sci Fi we are changing the face of the comic book industry – seamlessly developing characters and stories for books, television, online and other media,” said Devarajan. “Together we are creating stories as innovative as the ways consumers will get to experience them.”
Utilizing the global creative and synergistic resources that exist both at Sci Fi Channel and Virgin Comics, the partnership will aim to attract some of the biggest names and talent from the worlds of comic books, television and movies. Sci Fi and Virgin Comics will bring together a multimedia, creative editorial board with members representing comic books, television, movies, digital, gaming, licensing and merchandising.
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.
