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Culver Max Entertainment, earlier known as Sony Pictures Networks India (SPNI) has reported 45.3 per cent decline in FY25 consolidated net profit to Rs 481.21 crore, according to an RoC filing by the company. Revenue from operations last fiscal was down 4.3 per cent to Rs 6,261.16 crore. The broadcaster had reported a net profit of Rs 880.18 crore, and its revenue from operations was at Rs 6,542.77 crore for the financial year ended on March 31, 2024. Total income of the company - which owns over 25 channels in entertainment, sports, and infotainment along with OTT platform SonyLiv - was at Rs 6,459.43 crore in FY25, down 4.34 per cent year-on-year, according to financial data accessed by the business intelligence platform Tofler. When asked, a company spokesperson in a statement said FY25 was a year of significant change for the media and entertainment industry. "Advertising budgets were under pressure and market dynamics were evolving, which put short-term pressure on our ...
The Indian box office minted Rs 5,723 crore in the first six months of 2025, marking a 14 per cent year-on-year growth, a new industry report has said. The 'India Box Office Report: Jan-Jun 2025', released by Ormax Media on Saturday, highlighted that 17 films crossed the Rs 100 crore mark at the domestic box office between January and June, an increase from just 10 titles that achieved the same feat during the first half of 2024. "The cumulative box office for Jan-Jun releases stands at Rs 5,723 crore, which is 14 per cent higher than the same period in 2024 and just Rs 12 crore short of the 2022 record for Jan-Jun box office," the report stated. So far in 2025, the box office has seen fewer big-ticket blockbusters, with only one film crossing the Rs 250 crore mark. Instead, the momentum has been driven by a steady stream of mid- to high-performing titles that grossed over Rs 100 crore. The highest-earning film of 2025 so far has been "Chhaava", a historical action-drama headlined