Connect with us

GECs

Roy Disney emphasies need for accountability at Disney

Published

on

MUMBAI:” Without the support of its employees, how can this CEO get the company back on track?” This was just one the many cutting remarks made by Disney’s former vice chairman Roy Disney about the company’s CEO Michael Eisner.

The dispute about the direction the media conglomerate is going in as well as the need for accountability from the board is reaching boiling point.

A few days ago Roy Disney spoke to the company’s institutional investors and dwelt on the need for change and further transparency in the company’s functioning.

He said, “One of the most fundamental and important duties of a board is to monitor and hold the CEO accountable for the long-term performance and strategy of a company. “

One of the management failures he highlighted was that of the broadcast network ABC. He stated that it suffered operating income losses of around $ one billion over the last six years. The website Go.com was writen off in excess of the same figure Disney claimed. He also said that Fox Family was worth $ four billion less than that paid when purchased. He also estimated that the Disney Stores would have lost approximately $100 million over the last several years.

Advertisement

“In total, these mistakes of the last five years alone have cost shareholders over $ seven billion. And yet, somehow, the shareholders are expected,to simply look past these indisputable facts.” He stressed that the board could not allow management to hide behind years of significant failures because of two good movies and an accounting change that is driving 2004 growth.

He was expectedly severe on Eisner saying, “Because I knew Michael Eisner, I knew he would use the resources of the company to protect himself. I knew the difficulties that this board would have in challenging and confronting him. Recent reports unfortunately confirm my instincts. The board needs to ask itself the value to shareholders of the millions being spent on political lobbyists and consultants across the country.

“These efforts and expenditures are shameful, have little to do with inspiring creativity and the board remains quietly acquiescent at best. Michael Eisner is behaving like a third world dictator of a once great country utilising political carrots and sticks to manipulate the electorate. His “cabinet” sits mute for fear of beheading.”

He said that there were three issues facing the board at this point in time. The first was timing in terms of when the board would be able to find the courage to do what is right. The second issue is whether the board go through a thorough, professional and dispassionate process to select the next leader of Disney . The third is to measure short term goals versus the long term outlook.

“The fourth issue is that of board transparency. Will the Board begin to fully confront the series of legitimate questions to which shareholders seek answers or will they continue to allow management to “spin” half truths and incomplete facts to the company’s owners?” Disney sdaid.

Advertisement

He added that three years ago he and fellow Board member Stanley Gold started feeling that fundamental change was necessary at Disney. This was because the company’s financial performance had been declining for more than five years He claimed that optimistic projections that had been given later often failed to materialise. Roy quit the company’s board last December. He accused the board of being lame when it merely separated earlier this month the Chairman and CEO roles. “This was very nearly a non-event … a move to mollify the shareholders by interpreting the vote as “just a governance matter.”

He said that at the board meeting on 3 March over 70 per cent of the participants voted against their leader. “These figures confirm my long held concern that the morale among the company’s 125,000 employees, many of whom touch our guests every day, sits at an all time low.”

GECs

Sun TV posts steady revenue, profit dips amid rising costs

Published

on

CHENNAI: It appears there is still plenty of Sun to go around in the Indian broadcasting landscape, even if a few clouds have drifted across the financial horizon. Sun TV Network Limited, the Chennai-based behemoth that dominates airwaves across seven languages, has tuned into a steady frequency for the quarter ending 31 December 2025. While the numbers show a resilient revenue stream, the company’s latest broadcast reveals a few static-filled spots in its profit margins.

For the quarter in question, Sun TV’s total income climbed by approximately 3.31 per cent, reaching Rs 958.39 crores compared to Rs 927.66 crores in the same period last year. Revenue from operations also saw a healthy bump, rising 4.32 per cent to Rs 827.87 crores.

The real star of the show, however, was domestic subscription revenue, which surged by 8.86 per cent to Rs 472.99 crores. This growth highlights the enduring appetite for Sun’s diverse content, which spans everything from daily soaps in Tamil and Telugu to its burgeoning OTT platform, Sun NXT.

Despite the revenue growth, the picture quality of the profits was slightly blurred by rising costs. Eitda for the quarter stood at Rs 409.79 crores, a dip from the Rs 432.14 crores recorded in the corresponding 2024 quarter.

The profit after tax followed a similar downward trend, settling at Rs 316.44 crores against the previous year’s Rs 347.17 crores. Advertisers also seemed to have switched channels slightly, with advertisement revenues sliding to Rs 291.94 crores from Rs 332.17 crores.

Advertisement

Sun TV isn’t just playing on home turf; its sporting ambitions are becoming increasingly global. The network now owns three major cricket franchises: SunRisers Hyderabad in the IPL, SunRisers Eastern Cape in SA20, and SunRisers Leeds Limited in The Hundred (UK).

The foray into British cricket saw the company acquire a 100 per cent stake in Northern Superchargers Limited (now SunRisers Leeds) for approximately £100 million. While these franchises brought in Rs 14.61 crores this quarter, they also incurred corresponding costs of Rs 19.89 crores. Over the nine-month period, however, the cricket business is a major player, contributing Rs 487.64 crores in income.

The company’s bottom line took a minor hit from exceptional items, including a Rs 4.23 crore charge related to India’s new Labour Codes, which consolidated 29 existing labour laws. Additionally, the consolidated results reflect the amalgamation of Kal Radio Limited with Udaya FM, a move that became effective in May 2025 and required a restatement of previous figures.

To keep investors from reaching for the remote, the Board has declared an interim dividend of 50 per cent, that’s Rs 2.50 per equity share. This comes on top of earlier dividends of 100 per cent (Rs 5.00) and 75 per cent (Rs 3.75) declared in August and November 2025, respectively.

With a massive cash reserve and a dominant position in the South Indian market, Sun TV continues to shine, even if the current quarter required a bit of fine-tuning. For now, shareholders can sit back, relax, and enjoy the show.
 

Advertisement
Continue Reading

GECs

SPNI hires Pradeep M with responsibility for standards and practices in the south

Published

on

MUMBAI: Sony Pictures Networks India has hired Pradeep M to handle standards and practices for its southern market, bolstering its compliance bench as content rules tighten across platforms.

Pradeep, who has nearly 13 years in the entertainment media industry, takes on responsibility for content standards in a region that is both linguistically diverse and regulatorily sensitive. His brief spans television, OTT, sports and digital platforms.

He specialises in content review and compliance across shows, commercials, on-air promotions and international feeds, ensuring alignment with broadcast, OTT and advertising codes. He has also handled brand approvals and sponsorship integrations for heavily regulated categories—including online gaming, cryptocurrency, NFTs and lottery brands—offering guidance shaped by fast-evolving rules.

Before Sony, Pradeep worked at Jiostar as assistant manager for content regulation from November 2024 to January 2026. Earlier, he spent nearly seven years at Viacom18 Media, rising from senior executive to assistant manager in content regulation between 2018 and 2024. There he served as a key compliance touchpoint for the network.

His career began on the creative side. Between 2013 and 2018, he worked as executive producer on feature films and television shows, gaining hands-on exposure to production. He also had a stint as a non-fiction show director at Star TV Network in 2017. That mix of creative and regulatory experience gives him a dual lens—how content is made and how it must be managed.

Advertisement

As regulators, platforms and advertisers all tighten the screws, broadcasters are investing more in gatekeepers who can keep creativity within the lines. Sony’s latest hire shows where the industry is heading: in the streaming age, compliance is content’s quiet co-star.

Continue Reading

GECs

Colors Gujarati rolls out two new shows from 2nd February

Published

on

MUMBAI: Colors Gujarati has unveiled two new prime-time shows as part of its push to strengthen culturally rooted storytelling for regional audiences. The channel will premiere the devotional saga Gangasati–Paanbai at 7.30 pm, followed by the romantic family drama Manmelo at 9.30 pm from February 2.

Inspired by Gujarat’s spiritual and literary heritage, Gangasati–Paanbai: Shyam Dhun No Navo Adhyay draws from the timeless bhajans and poetry of saint-poetesses Gangasati and Paanbai, weaving devotion and human values into a contemporary narrative aimed at younger viewers.

In contrast, Manmelo explores love and responsibility across social divides, tracing the lives of three middle-class sisters whose relationships with three affluent brothers reshape their futures. The show delves into ambition, emotional conflict and the realities of married life, offering a layered family drama.

A Colors Gujarati spokesperson said the new launches reflect the channel’s commitment to authentic Gujarati entertainment that blends cultural values with modern storytelling.

Continue Reading
Advertisement CNN News18
Advertisement whatsapp
Advertisement ALL 3 Media
Advertisement Year Enders

Trending

Copyright © 2026 Indian Television Dot Com PVT LTD

This will close in 10 seconds

×