Fiction
Bodhi Tree Multimedia posts strong December quarter, buys Moving Image Studios
Content producer posts higher income for December quarter and expands with new investments.
MUMBAI: Bodhi Tree Multimedia, the Mumbai-based production powerhouse, known for its television and internet content, has released a set of unaudited financial results that show a company firmly rooted in growth while simultaneously branching out into fresh territory. Managing director Mautik Tolia oversaw the approval of the figures for the quarter and nine months ending 31 December 2025, revealing a group that is far from static.
For the three months ending 31 December 2025, the consolidated revenue from operations reached a healthy Rs 3,901.52 lakhs (note: all figures in lakhs unless stated). When adding other income of Rs 55.73 lakhs, the total income for the quarter stood at Rs 3,957.25 lakhs. This represents a significant climb from the Rs 1,764.20 lakhs recorded in the same quarter the previous year.
The nine-month period ending in December 2025 told an even more expansive story, with total consolidated income hitting Rs 8,238.70 lakhs. This is a massive leap from the Rs 5,047.62 lakhs seen in the corresponding period of 2024. On a standalone basis, the company’s revenue for the quarter was Rs 1,069.22 lakhs, with a total income of Rs 1,144.51 lakhs.
Of course, growing a media empire requires significant nourishment. The consolidated total expenses for the quarter were Rs 3,634.57 lakhs, largely driven by production costs of Rs 3,298.26 lakhs. After accounting for taxes and other adjustments, the consolidated net profit for the period was Rs 234.52 lakhs.
The earnings per share (EPS) for the quarter stood at Rs 0.13 (basic and diluted), while the nine-month EPS rose to Rs 0.33. On the standalone front, net profit for the quarter was Rs 61.76 lakhs, contributing to a nine-month standalone profit of Rs 267.75 lakhs.
The board didn’t just spend their time crunching numbers; they were busy expanding the family tree. The company has officially approved the acquisition of a controlling stake in Moving Image Studios Private Limited (MISPL). This new subsidiary is already being consolidated into the group’s financial results, though the final fair value determination is still being finalised.
Furthermore, Bodhi Tree has taken a 20 per cent equity stake in Lehren Networks Private Limited (LNPL). This move classifies Lehren as an associate company, allowing Bodhi Tree to exert “significant influence” over the network. The group now oversees a wide variety of subsidiaries, including Vasudhara Media Ventures, Dharmaveer Media City, and Mad Lab Alpha.
The company also addressed several administrative and regulatory matters during the meeting. They confirmed that there have been no deviations or variations in the use of proceeds raised from their rights issue. Regarding the new Labour Codes notified by the Indian Government in November 2025, the company stated it does not currently meet the applicability thresholds, meaning no financial impact was recorded this quarter.
With a busy production schedule and a growing list of subsidiaries, Bodhi Tree Multimedia seems well-positioned to continue its upward climb in the media landscape.
Fiction
Paramount taps Pentwater Capital’s Halbower in push to reshape Warner Bros board
Skydance-backed bid eyes board shake-up to derail Netflix deal and win shareholder support
CALIFORNIA: The battle for control of Warner Bros. Discovery has moved beyond takeover talks and into the boardroom, as Paramount Global and Skydance Media reportedly prepare for a proxy fight. At the center of the push is Pentwater Capital founder Matthew Halbower, whose potential nomination to the board could reshape the outcome of the high-stakes standoff.
Paramount is seeking to block Warner Bros. Discovery’s proposed tie-up with Netflix, arguing that its own $108.4 billion all-cash offer represents a stronger alternative for shareholders. By backing a new slate of directors, the Skydance-backed bidder aims to install leadership more receptive to its proposal — and willing to abandon the Netflix agreement.
As the seventh-largest investor in Warner Bros. Discovery, Halbower wields considerable influence. The Pentwater Capital chief has already voiced sharp criticism of the board, accusing it earlier this year of a “breach of fiduciary duty” for rejecting Paramount’s offer without what he described as adequate engagement.
According to Reuters, Halbower has held discussions with Paramount about a potential board role, though no final decision has been confirmed. He reportedly characterized his candidacy as a last resort, suggesting that if the current board meaningfully negotiates with Paramount, his presence would not be required.
In a bid to strengthen its appeal to shareholders, Paramount Global has enhanced its takeover proposal with added financial safeguards. The revised offer includes a delay-protection clause that would grant shareholders an additional $650 million in cash for every quarter the transaction remains incomplete beyond this year. Paramount has also pledged to absorb the $2.8 billion breakup fee that Warner Bros. Discovery would owe Netflix if it terminates its existing agreement, removing a significant financial obstacle to the deal.
Paramount is not alone in challenging the status quo. Hedge fund Ancora Holdings has also accumulated a stake in Warner Bros. Discovery and publicly opposed the Netflix deal.
With reports suggesting Paramount could nominate enough directors to overturn a majority of the company’s 14-member board, Warner Bros. Discovery’s leadership now faces mounting pressure from influential shareholders. The outcome of this proxy battle will determine whether the media giant proceeds with its streaming partnership or pivots toward a massive cash acquisition.
