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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 ...