News Broadcasting
LIVE Viacom18 and Nikhil Chinapa to give Goa a brand new electronic dance music festival pegged as one of the largest India will ever witness
LIVE Viacom18 has roped in India’s much loved DJ, VJ and dance music promoter, Nikhil Chinapa and one of the world’s leading electronic music promoters to launch a truly world-class dance music festival in North Goa this December. The five day festival will offer music lovers an unparalleled, immersive experience coupled with quality music across a number of popular and underground electronic music genres. With Viacom18’s huge broadcast strength, leverage of iconic music brands like MTV & Vh1 and considerable knowledge of events across all platforms and with Chinapa’s in-depth understanding of the Indian dance music industry, the festival promises to create an unforgettable experience in Goa. The associated international festival company has executed large format events in destinations such as Los Angeles, Las Vegas, New York, Chicago, Dallas, Puerto Rico and London and is regarded as one of the world’s finest dance music companies with the forte of delivering an electrifying carnival atmosphere.
The aim of the festival is to restore the spirit of community and passion for music that’s been missing from some electronic music festivals held in India recently. By giving preference to top-notch DJs over commercial names, the festival will target devoted music lovers whose needs aren’t being met in the current Indian music festival landscape. It will connect serious music enthusiasts directly with the artists they love and become a sanctuary for forward-thinking music fans looking for life-affirming experiences.
Besides immersive experiences, the festival will also have a strong local focus, creating a platform to nurture and promote some of India’s best DJs on the same stages as the international artists.
The festival’s goal is to maintain a balance between popular and underground music. This will be a festival for the true dance music fan, for whom music is a way of life… and life itself unthinkable without the music they love. Putting it simply, this will be quality over quantity. What better place in the world to bring friends and music together but Candolim Beach, Goa .
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.
