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NP Singh admits Sony Pictures Networks “gearing up for a challenging year”

Sony Pictures Networks CEO NP Singh has admitted that the entertainment giant is heading into a challenging new financial year.

In an internal newsletter outlining the past fiscal year, Singh said that the “experiences and lessons from FY24 are stepping stones for what lies ahead.”

The newsletter read, “Tackling challenges head-on made us even stronger, thanks to our solid commitment to leadership and core values. The experiences and lessons from FY24 are stepping stones for what lies ahead,” said Singh in the newsletter accessed by Storyboard18.

“Our goal is sharp: to captivate audiences and boost our subscriber base and revenue through impactful content,” he said.

Ravi Ahuja, chairman, Global Television Studios, President and COO Sony Pictures Entertainment added, “Our goal is to deepen and expand our presence in India, aiming for significant growth in the coming years.”

He concluded, “At SPE, while we are not the biggest media company, our clear strategy and focused execution have allowed us to grow in a challenging business environment. Similarly, in India, a competitive and ever-evolving market, the clarity of our focus will let us excel and make an impact”.

In January, a merger between Sony and ZEE Entertainment Enterprises Limited fell through after years of negotiations.

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