News Broadcasting
Sony set to digitise content
MUMBAI: Sony Pictures Entertainment (SPE) has announced a deal with Ascent Media Group (AMG) and HP to convert its film and television content into digital form.
The move is a first of its kind for a major Hollywood studio and is seen by analysts as a trend which will be followed by other content creators worldwide.
In India, Sony has set up a separate digital and licensing division under the direct supervision of SET India COO NP Singh. This indicates Sony’s serious intention to move towards the digital era across the globe.
The multinational giant realises that the best way to do this is to ally with technology companies. SPE will use a series of new digital entertainment technology and services created by Ascent Media Group (AMG) and HP. By digitising its library of media assets SPE states that it can create content once and deliver it to its partners and customers many times, in any standard or format, more securely, quickly and cost-effectively than ever before.
SPE’s first-of-its-kind alliance with AMG and HP will transition the formatting, management and distribution of its vast portfolio of media assets from the traditional analogue format to a tapeless digital environment.
The move from analogue to digital formats dramatically reduces the time and cost required to distribute content for a wide variety of broadcast standards and entertainment formats and allows for increased flexibility in delivery.
SPE senior VP worldwide product fulfillment Jeff Hargleroad says, “This project marks a significant step towards the future of file-based digital content delivery.”
SPE selected AMG to provide the end-to-end technology and services required to create, manage and store the studio’s digital library.
AMG oversees SPE’s file-based digital asset management archive. AMG and SPE chose HP’s Digital Media Platform (DMP) as its technology foundation.
Ascent Media Group CEO Ken Williams says, “This is the first time any studio has taken an opportunity — or this challenge — of this magnitude. Today’s announcement is a powerful statement on how the industry is addressing issues like security, time and manufacturing efficiencies and new forms of distribution.
“Our history and expertise in content management combined with Hp’s technological prowess and ability to execute enables us to deliver a flexible and cost-effective solution for the secure creation, management and distribution of digital content.”
SPE teams up with Microsoft
Meanwhile, SPE is implementing the Microsoft Connected Services Framework. SPE is the first company in the broadcast and film industries to adopt and deploy Microsoft’s solution, and is now running the Connected Services Framework in a live application environment.
The Microsoft Connected Services Framework is a flexible and customisable product that uses a service-oriented architecture (SOA) approach to build an interoperable, manageable and scalable infrastructure of shared services such as digital asset management and content distribution processes. These shared
services connect existing technology to support a dynamic production process across organisational boundaries.
Built on Microsoft platform technologies and using industry standards such as Extensible Markup Language (XML), Simple Object Access Protocol (SOAP) and Web Services Description Language (WSDL), the Microsoft Connected Services Framework is enabling SPE to enhance its existing SOA infrastructure and build a connected system that allows digital marketing assets to move seamlessly across platforms and applications.
SPE VP digital media initiatives Jerry Ledbetter says, “By implementing the Microsoft Connected Services Framework, Sony Pictures Entertainment has been able to extend our existing production environment to enable new services, increase interoperability, improve workflow management and reduce costs.”
Through this implementation, SPE now can seamlessly connect the workflow across the company, streamlining marketing production processes and enabling access to associated digital content from virtually anywhere.
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.
