News Broadcasting
We should aim for the M&E industry to grow more than $100 bn by 2030: I&B secretary at Ficci Frames Fast Track’ 22
Mumbai: The union secretary for information and broadcasting Apurva Chandra has exhorted the media and entertainment industry to set a target of growing the industry to more than $100 billion by the year 2030. “India will be a $10 trillion economy in the next ten years. We should aim for a media and entertainment industry worth more than $100 billion by 2030. The ministry of information and broadcasting will do whatever it takes to support the M&E industry and help it grow.” The secretary was addressing the inaugural session of Ficci Frames Fast Track 2022 in Mumbai on Tuesday, 27 September 2022.
The secretary announced that Invest India is going to be leveraged in order to bring in higher foreign investment into India in the film sector. “The ministry has merged various film units under one; NFDC, based in Mumbai, is going to be the hub of the cinematic arm of the government. With this, we want to revamp the Film Facilitation Office. We are going to hand this over to Invest India, the main investment arm created by the government under the leadership of prime minister Narendra Modi to attract industry to India. More than $100 billion of FDI is coming to India this year. We want to leverage Invest India to bring in foreign investment. We will reach out to foreign filmmakers to come to India.”
The secretary informed that the government will work with states to facilitate and promote film shooting in India. “We recently announced an Incentive Scheme for Audio-Visual Co-production and an Incentive Scheme for the Shooting of Foreign Films in India at the Cannes Film Festival. With incentives given by states too, it becomes a viable and attractive package for filmmakers.”
The secretary announced that the government of India will work with the states and formulate a ‘Model Theatre Policy.’ “Over the past five-six years, the number of theatres has been on a decline. We need to reverse this trend. We will assign the Film Facilitation Office to work with Invest India to come up with a single-window portal for opening theatres, so that more and more theatres can come up and the public can get more avenues to watch the magic of films in theatres. We will also work with the states to create a ‘Model Theatre Policy,’ so that the states can adopt and work on the same.”
Observing that viewing habits of people have changed due to the Covid-19 pandemic, the secretary noted that when ticket prices were brought down to Rs 75 three days ago, all shows were full. “This shows that if price points are right, people can afford theatres. The craving to go to the theatre is there, so we need to work on how we can bring people back to theatres.”
The secretary said that he had a fruitful meeting with some stalwarts of the film industry on Monday, on the proposed amendments to the Cinematograph Act. “All stakeholders present supported the proposed amendments for the introduction of anti-piracy provisions and age classification with the UA category.” With the support of the film industry, we hope to table the amended bill in the winter session of parliament, he added.
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.
