GECs
‘Vibrant’ Sony Entertainment refreshes with new shows; ESPN to localise global shows
MUMBAI: Sony Pictures (SPN)’s general entertainment channel Sony Entertainment (SET), celebrating 21st anniversary, has carved a new brand identity and is undertaking a fresh look at programming to bolster its viewership base and build continuous viewing.
Now taking on new colours of purple, gold and orange, the new on-air display of SET is a plan to build a striking visual appeal for the Indian audience. The channel had a few years ago modified its packaging to convey content innovation and creative vision.Since 2015, however, SET has been trying hard to connect with viewers as it kept slipping on BARC reviews owing to the poor performance of its shows. SET was then highly dependent on Crime Patrol and CID, the Financial Express reported.
Sony Entertainment Television recently peaked to number three in the Hindi GEC urban ratings chart on BARC India with Mahabali Hanuman, The Kapil Sharma Show, Super Dancer and Kuch Rang Pyar ke Aise Bhi doing quite well.
The positioning SET plans to adopt is ‘When a relationship turns into partnership, life looks up and leaps forward’, and this is what it will reflect through its programming going ahead.
Its primary focus area will be to bolster the weekday line-u. The new strategy is to expand the programming hours from the existing 8-11pm to 7pm-12 midnight by bringing in new shows such as Moh Moh ke Dhaage and Peshwa Bajirao, among other.
In a bid to offer localised and differentiated content, ESPN, which operates in India as Sony ESPN, meantime is planning to customise its international shows such as SportsCenter’ and ‘Pardon the Interruption’ for the Indian market. ESPN at present offers the international version of ‘Pardon the Interruption’, a sports show compered by commentators Michael Wilbon and Tony Kornheiser on Sony ESPN.
ESPN is also aiming to bring X Games to India, an annual sports event which focuses on action sports such as snowboarding and skateboarding. The US-based ESPN re-entered India in January 2016 and jointly launched new sports channels, a multi-sports website and a mobile app in partnership with Sony Pictures Networks.
The Indian sports sector is undergoing a sea change with a hike in viewership, sponsorship and participation in sports other than cricket as per a a report titled ‘The Business of Sports’, from consulting firm KPMG and the Confederation of Indian Industry (CII). Sports sponsorship market in 2015 grew approximately 12% from a year ago to reach Rs 5,190 crore, the report stated.
GECs
Sahara One reports financial results, notes director exit and business realignment
Muted revenues, steady expenses and strategic adjustments shape company’s current phase
MUMBAI: In a tale where the sands seem to be slipping faster than they can be gathered, Sahara One Media and Entertainment Limited has reported another quarter of wafer-thin income and widening losses, even as a boardroom exit adds to the unease.
The company informed the Bombay Stock Exchange that its board, in a meeting held on April 4, approved its unaudited financial results for the quarter ended September 30, 2025. The numbers paint a stark picture. Total income for the quarter stood at just Rs 0.13 lakh, unchanged sequentially and sharply down from Rs 0.26 lakh a year earlier.
Losses, meanwhile, deepened. The company posted a net loss of Rs 24.16 lakh for the quarter, compared to Rs 18.81 lakh in the June quarter and Rs 39.69 lakh in the same period last year. For the six months ended September 2025, the cumulative loss stood at Rs 39.69 lakh, while the full-year loss for FY25 was reported at Rs 60.72 lakh.
Expenses continued to outweigh income by a wide margin. Total expenses for the quarter came in at Rs 24.30 lakh, led by employee benefit costs of Rs 6.51 lakh and other expenses of Rs 17.78 lakh. Earnings per share remained in the red at Rs (0.11) for the quarter.
The balance sheet reflects a company with significant assets on paper but limited operational momentum. Total assets stood at Rs 23,065.57 lakh as of September 30, 2025, broadly unchanged from March 2025. Equity share capital remained steady at Rs 2,152.50 lakh, while total equity was reported at Rs 18,004.85 lakh.
Cash and cash equivalents saw a modest uptick to Rs 6.75 lakh from Rs 4.68 lakh earlier, supported by a positive operating cash flow of Rs 180.01 lakh for the period.
Yet, beneath these numbers lies a more complex narrative. The company’s auditors flagged their inability to obtain sufficient evidence to form a conclusion on the financial statements, citing lack of access to records. They also raised concerns over the company’s ability to continue as a going concern, pointing to insufficient funds, delayed recoveries, and stalled content investments.
Adding to the governance overhang, the company disclosed that Rana Zia has resigned as whole-time director, effective October 16, 2025, citing other professional commitments. The resignation, noted and accepted by the board, also brings an end to her role across company committees.
Regulatory pressures continue to loom large. The Securities and Exchange Board of India has already initiated penal actions for non-compliance with listing norms, with trading in the company’s shares remaining suspended. There is also a risk of promoter demat accounts being frozen.
Legacy legal issues remain unresolved. A substantial deposit of Rs 694,027.88 thousand linked to the long-running OFCD dispute involving Sahara group entities is still under the purview of the Supreme Court of India. Restrictions on asset disposal continue to weigh on the company’s financial flexibility.
Operationally, challenges persist across multiple fronts. Advances worth Rs 1,92,916 thousand given for film content remain stuck, with delays in project completion and uncertain recoverability. The company’s YouTube channel, despite being operational, has generated no revenue for over three years due to compliance lapses. In a further twist, management has indicated that revenues may have been fraudulently diverted through unauthorised changes to its AdSense account, with a police complaint in the works.
There are also missed revenue opportunities. Television content rights continue to be used by a related party despite the expiry of the licence agreement, with fresh negotiations still underway.
For now, Sahara One Media and Entertainment Limited appears caught between legacy disputes and present-day operational hurdles. As losses linger and governance questions mount, the road to recovery looks less like a sprint and more like a slow trudge through shifting sands.
