Broadcaster Star India’s operating loss from the sports business has increased by 50% to $342 million for the six months ended March 30, compared to $228 million in the corresponding six months of the previous fiscal. For the period under review, the Walt Disney-owned company’s operating revenue from the sports business rose 40% to $504 …
FMCG major Marico on Monday reported a 5% year-on-year (YoY) jump in its March quarter consolidated net profit at Rs 320 crore. The profit stood at Rs 305 crore in the corresponding period of the previous financial year. On a sequential basis, it was down 17% as against Rs 386 crore posted by the company …
Opinions expressed by Entrepreneur contributors are their own. Google’s March 2024 Core Update was a seismic event for blogs and website owners relying on organic search traffic. This significant algorithm change targeted low-quality content and AI-generated spam, leading to the deindexing of hundreds of websites in its early stages. The consequences were that severely affected …
By Michael McCabe At its Parc des Princes home French super-club Paris Saint-Germain generated over €1,000 more per seat through matchday revenue than any other stadium among the top revenue-generating European football clubs, according to TheStadiumBusiness Index 2024. TheStadiumBusiness Index divides the total matchday revenues of each of the top 20 clubs – as ranked …
Sony Pictures Networks India is looking to boost its subscriber base and revenue through impactful content, while looking at strategic partnerships as it gears up to face a challenging fiscal year 2024-25, according to its Managing Director & CEO N P Singh. The company will be taking experiences and lessons from FY24, as stepping stones …
Dharma Productions, promoted by film producer Karan Johar, reported a nearly four-fold increase in revenue to ₹1040 crore for the fiscal year ending March 2023, compared to ₹276 crore in the previous fiscal. The company’s revenue growth was driven by Ranbir Kapoor and Alia Bhatt’s Brahmastra: Part One: Shiva. The film collected ₹418 crore in …
Zee Entertainment Enterprises President Revenue Rahul Johri has quit the company as the entertainment major has implemented strategic changes to the revenue vertical of the broadcast business. Punit Goenka, MD and CEO of Zee Entertainment, will work directly with the revenue teams as part of the streamlining of the company’s operations. Ashish Sehgal, the company’s …
Mumbai: Reliance Industries and the Walt Disney Company have signed a binding agreement to merge Viacom18 and Star India, with the deal expected to be announced early this week, people privy to the development told ET. The deal, which has been in the works for over four months, will create India’s largest media empire, spanning …
MUMBAI – Avenue Supermarts Ltd reported strong numbers for the quarter ended December, with the consolidated net profit rising 17% year-on-year (YoY) to Rs 690.61 crore. Consolidated revenue from operations at Rs 13,572.47 crore too, increased by more than 17% from the year-ago period. Earnings before interest, taxes, depreciation and amortization or EBITDA during the …
Apple / Apple Apple compensated its CEO to the tune of $63.2 million in 2023, down from $99.4 million a year earlier. The data was revealed in an Apple proxy statement released on Thursday. Cook’s total earnings for 2023 comprised a base salary of $3 million, stock awards worth $47 million, performance-based bonus awards totaling …