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A Palme d’or for the Cinéfondation!
Jane Campion is to head up the Cinéfondation and Short Film Jury of the 66th Festival de Cannes, a position held previously held by Jean-Pierre Dardenne, Michel Gondry, Hou Hsiao Hsien, Martin Scorsese and John Boorman.
Originally from New Zealand, Jane Campion has attracted critical acclaim since the very beginning of her film career: in 1986 she won short film Palme d’or for Peel and garnered interest from critics all over the world for Sweetie, the first feature she presented in competition at the Festival de Cannes. After An Angel at my Table, she returned to Cannes with The Piano, which won the Palme d’or in ’93, as well as the best actress award for Holly Hunter.
Her work, which is dominated by the presence of fascinating women in search of their identity, comes in a variety of styles, from Holy Smoke (Kate Winslet) and Portrait of a Lady (Nicole Kidman) to In the Cut (Meg Ryan). Her latest film, Bright Star, was a fictional biography of the poet Keats and his muse, and was presented in competition at Cannes in 2009.
Gilles Jacob, president of the Festival de Cannes and the Cinéfondation, declared: “Jane is a child of Cannes. I know this as it was I who selected her first three short films for the Festival, because I liked her style and consistency. Naively perverse young girls, teens closed in around their solitude, and women mulling over desires and regrets: Jane’s is a passionate universe that she firmly holds in check as she draws these intricate group portraits. I am delighted that the love story between Lady Jane and the Festival continues today as she takes on the role of president.”
The Cinéfondation and Short Film jury is comprised of five eminent figures from the worlds of film and literature and they choose their three prize winners from among the Cinéfondation’s selection of film school entrants. The jury also chooses the winner of the short film Palme d’or, which is presented during the closing ceremony of the Festival, on Sunday May 26th 2013.
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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.
