News Broadcasting
Universal Studios creates mobile division
MUMBAI: Universal Studios has announced that its consumer products group has created a dedicated division designed to capitalise on the rapidly growing world of mobile entertainment.
The new division, Universal Mobile Entertainment, will be run from a day to day perspective by Universal veteran Jeremy Laws who has been promoted to senior vice president.
Under the newly minted division, Laws will oversee all aspects of licensing and promotions in the wireless arena as well as actively pursue and manage licenses from creation to consumption. He will lead a team of sales executives based around the world including the major media markets like Los Angeles, London and Tokyo.
Laws says, “My goal, and that of my team, will be to ensure that fans of Universal’s films and television programmes will have easy access to a broad range of compelling, high quality
mobile content on their handsets.”
Universal Studios adds that it has been aggressive in the mobile content licensing market since 2000 and currently has more than 60 deals worldwide with premiere partners such as I-play, Gameloft, Buongiorno-Vitaminic, Ojom, Indiagames, Player X, (M)Forma and Starwave Mobile.
Universal expects to see continued, substantial revenue growth in this space during 2006 as it launches 30 games and a comprehensive range of graphics, video clips and voice ringers on all major carriers across the globe from Universal’s
current and library film and television assets.
Laws joined Universal Studios Consumer Products Group as executive director in 1999. He has since spearheaded all aspects of licensing in the areas of wireless, broadcast film clips, stills and advertising and has overseen all aspects of Universal’s licensed location-based entertainment attractions worldwide. Laws pioneered an end-to-end online solution for film clip licensing and tripled the revenue of that business.
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.
