News Broadcasting
OpenTV & MC3 Global team up for Play Platinum TV channel
MUMBAI: OpenTV Corp. and MC3 Global have signed a multi-year license agreement for the OpenTV Participate solution to manage Play Platinum TV, MC3 Global’s soon-to-be-launched TV gaming broadcast business.
OpenTV Participate will be the core business management tool for Play Platinum, a UK-based fixed odds gaming and entertainment broadcaster and managed services provider. Play Platinum expects to broadcast programming such as virtual horse racing and numbers games, including Keno, to viewers on free-to-air satellite, broadband internet, and other distribution platforms.
OpenTV Participate will process all transactions and provide modules for customer registration, customer care and bonus, and loyalty schemes. OpenTV Participate will also offer MC3 Global multiple finance functions, including billing (via credit cards and premium rate telephony), accounting, business and financial reporting, and risk management, all with real-time accessibility.
“MC3 understands how OpenTV’s technology can help achieve their vision, and we are delighted to be working with them. OpenTV Participate has been designed to enable broadcasters to offer compelling interactive services with a customer-centric approach. We believe that OpenTV Participate will help Play Platinum achieve a large, loyal customer base, and will enable Play Platinum to manage those customers more efficiently than any other platform in the market today,” said OpenTV EMEA managing director Ben Bennett.
Play Platinum, which expects to launch its service in multiple territories, including Africa, Asia, Europe, and the Middle East, will be broadcasting in several languages with customers able to engage with programming through the telephone, the internet and SMS. With its real-time processing of all participation, OpenTV Participate enables Play Platinum to broadcast live statistics to Play Platinum viewers synchronized with the programming.
“As with most businesses, ours is designed to grow in stages with new formats being added as the business builds. OpenTV Participate is the perfect platform for such a strategy — the system is extremely powerful and modular in design. In the main package, we get all the systems we need to run a participation-based interactive TV business and can then add new modules quickly and with little additional effort — for example, new games engines or the very slick participation TV modules,” said MC3 Global managing director Jennifer Allsop.
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.
