Category: GECs

  • Big Magic launches weekend series as extension of ‘Akbar Birbal’

    Big Magic launches weekend series as extension of ‘Akbar Birbal’

    MUMBAI: Big Magic is set to extend its historical comedy series – Har Mushkil Ka Hal Akbar Birbal.

     

    The new series titled Chatur aur Chalaak, Birbal aur Viraat has been conceived to deliver wit and comedy with intriguing story-telling and new characters. The show launches on 31 January at 9 pm.

     

    The hour long offering will see the introduction of Viraat enacted by TV actor, Rohit Khurana who joins the artist line up on the show like Kiku Sharda, Vishal Kotian, Delnaaz Irani, Kishwer Merchant and Thakur Anoop Singh.

     

    This programme offering is in keeping with the channel’s efforts to deliver original content for its viewers.

     

    The new series will showcase some interesting mysteries being solved by Birbal and his aide Viraat.

     

    Big Magic creative director Uditanshu Mehta said, “Chatur aur Chalaak, Birbal aur Viraat is a natural extension of Akbar Birbal, which is popular amongst age groups. We are launching this as weekend series due to more available time for our viewers. Big Magic has grown as a favourite comedy destination on the foundation of original and differentiated programming. The consumer today is spoilt for choice, which makes it critical for us to deliver engaging and original content that is backed by insights.”

     

    Sagar Pictures brings in the expertise on the production front. Moti Sagar said, “We are proud to be associated with the Akbar Birbal show on Big Magic. Mythology and historical fiction has always been our forte, but with this we added a layer of humour to our experience. Creatively we have looked at every small detail to re-create the grandeur of Mughal era on television. The results have been satisfying till now. We look forward to creating another successful extension and are confident that our viewers will love Birbal and Viraat.”

     

    Creator of the show and head of script shop Big Ideas, Paritosh Painter added, “It is the first around a young boy who is accepted by Birbal as his protégée and is reformed. Our viewers wish to see more shades of the very witty Birbal and hence the introduction of a new character as an aide to Birbal in Viraat. It is the coming together of these two extremely bright minds, played out in the Moghul era, that is poised to deliver one hour Saturday night entertainment packed with comedy, suspense and intrigue for a wholesome family viewing.”

  • Big Magic strengthens distribution network with Tata Sky

    Big Magic strengthens distribution network with Tata Sky

    MUMBAI: Hindi general entertainment channel (GEC) from Reliance Broadcast Network, Big Magic, has strengthened its distribution with direct-to-home (DTH) player, Tata Sky.

     

    Starting 1 February, the channel will be available on Tata Sky channel number 138 to subscribers across the country.  This move helps Big Magic to gradually fortify its space in the comedy genre in India with original differentiated content.

     

    This announcement enables Tata Sky to offer its viewers a differentiated content around comedy with Big Magic’s programming mix targeted to a relevant and discerning audience base across relevant markets. Big Magic’s original programming mix is a comical line up of hilarious sitcoms, a side splitting historical comedy; laugh out loud weekend specials, festive specials and comedy blockbuster films.  Its shows include Har Mushkil Ka Hal Akbar Birbal, Uff Yeh Nadaniyan, Bal Gopal Kare Dhamaal and more catering to wholesome entertainment for each segment and age group. With new shows coming up centered around comedy, Big Magic is poised to engage, enrich and entertain its new audiences across the country.

     

    Tata Sky chief content and business development officer Paolo Agostinelli said, “For Tata Sky, catering to consumers across age groups with the growing preference towards comedy, Big Magic as a channel would be a rather unique offer suiting the needs of our customers across the country. We will finally showcase the range of offerings from Big Magic on our platform.”

     

    Added Reliance Broadcast Network COO Lavneesh Gupta said, “We are happy to announce our availability on Tata Sky, which allows Big Magic to immediately grow its reach across the geography. We are confident of our product with differentiated comedy content and designed as per audience needs for the entire family. Strengthening our distribution spectrum is a strategic move towards focusing on growing the channel with additional new content that is expected soon.”

  • Viacom’s Media Networks revenue up 4.4 per cent; adjusted diluted EPS up 7.5 per cent

    Viacom’s Media Networks revenue up 4.4 per cent; adjusted diluted EPS up 7.5 per cent

    BENGALURU:  Viacom Inc (Viacom) reported a 4.4 per cent revenue growth for its Media Networks segment to $2654 million for its first quarter ended 31 December, 2014 (Q1-2015, current quarter) from $2541 million in the corresponding year ago quarter (Q1-2014).  ‘Adjusted operating income before tax’ from the segment dropped fractionally by 0.9 per cent to $1104 million in Q1-2015 from the $1114 million reported in Q1-2014.

     

    The company reported an 8 per cent increase in ‘adjusted diluted EPS’ of $1.29 in Q1-2015 against $1.2 reported for Q1-2015. Adjusted Net Earnings totalled $538 million (includes a loss of $24 million due to pension settlement) down 1.6 per cent from $547 million in the year ago quarter.

     

    Viacom executive chairman Sumner M. Redstone said, “Viacom’s powerful entertainment brands continue to lead the way in reaching global audiences with groundbreaking content. Our outstanding management team has positioned Viacom for continued success.”

     

    Viacom president and CEO Philippe Dauman added, “Viacom’s focus on developing popular franchise properties and constantly expanding our growing international presence drove solid top line results and record earnings per share this quarter. We continued to deliver increased revenues in our media networks operations driven by steady growth in affiliate revenues, and also benefited from Paramount Pictures’ Oscar-nominated Interstellar and our very successful company-wide franchise, Teenage Mutant Ninja Turtles.”

     

    “The media business is evolving faster than ever, but our mission remains unchanged: to continually develop more and better entertainment programming and deliver it to our engaged audiences on every screen and on every platform worldwide. To maintain our leadership position, we will continue to innovate and to manage our business as effectively and efficiently as possible, embracing change and adopting new technologies to better measure and monetize our content and meet industry-wide challenges. Viacom is financially strong and extremely well positioned for the future, with the talent and the creativity to grow our core business and continue to deliver increasing value to our investors”, informed Dauman.

     

    Results and Revenues

     

    Viacom reported a 7.9 per cent drop in profit after tax (PAT) for Viacom and non-controlling interests in Q1-2015 to $513 million (excludes a loss of $24 million due to pension settlement) from $547 million in Q1-2014. Operating income fell 2.6 per cent to $935 million from $960 million in the corresponding year ago quarter.

     

    The company’s total revenues were up 4.6 per cent in Q1-2015 to $3344 million from $3197 million in Q1-2014. Revenues from the other segment that contributes to Viacom revenues – Filmed Entertainment were up 5.7 per cent in Q1-2015 to $720 million from $681 million in Q1-2015. Adjusted operating loss from this segment fell in Q1-2015 to $60 million from $74 million in the year ago quarter.

     

    Media Networks

     

    Revenues from Viacom’s major segment – Media Networks have been reported above. Three streams contribute to Viacom’s Media Networks segment – Advertising; Affiliate fees; and Ancillary. All the three reported increase in revenue.

     

    Media Networks ‘Advertisement’ stream’s revenue in Q1-2015 at $1367 million was 3.2 per cent more y-o-y than the $1325 million in Q1-2014.  ‘Affiliate fees’ went up 6.2 per cent in the current quarter to $1132 million from $1066 million in the year ago quarter. Revenues from the ‘Ancillary’ stream increased 3.3 per cent to $155 million in Q1-2015 from $150 million in Q1-2014.

     

    The company says that domestic affiliate revenues rose 8 per cent and worldwide affiliate revenues grew 6 per cent, primarily due to rate increases. Domestic advertising revenues declined 6 per cent, reflecting lower ratings. Worldwide advertising revenues rose 3 per cent, reflecting a 60 per cent increase in international advertising revenues driven by contributions from Channel 5, which was acquired by Viacom in September 2014. The 4.4 per cent increase in Media Networks revenues includes an unfavourable 1 per cent impact of foreign exchange.

     

    Filmed Entertainment

     

    Revenues from Viacom’s Filmed Entertainment segment improved 5.7 per cent in Q1-2015 to $720 million from $681 million in the corresponding year ago quarter.  Four streams contribute to Viacom’s Filmed Entertainment segment – theatrical; home entertainment; license fees; and ancillary. While revenues from the license fees stream fell, revenues from the other three streams improved in Q1-2015 as compared to Q1-2014.

     

    Revenues from the ‘Theatrical’ stream increased 6.3 per cent to $316 million in the current quarter from $276 million in Q1-2014. The ‘Home Entertainment’ stream revenues in Q1-2015 improved by 16.2 per cent to $316 million from $272 million in the corresponding quarter of last year. As mentioned above, revenues from the License Fees stream fell 9.1 per cent to $189 million from $208 million. Revenues from the ‘Ancillary’ stream increased 9.5 per cent in Q1-2015 to $46 million from $42 million in Q1-2015.

     

    Viacom says that Teenage Mutant Ninja Turtles which was released theatrically in the fiscal fourth quarter of 2014 remained a strong performer in the current quarter, complementing the current quarter releases and helping to drive a 5.7 per cent increase in theatrical revenues and a 16.2 per cent gain in home entertainment revenues. Home entertainment revenues reflect two film releases in the current quarter, compared with none in the same prior year period. License fees declined 9.1 per cent resulting from the mix of available titles.

     

    Stock Repurchase Program

     

    For the quarter ended 31 December, 2014, Viacom repurchased 10.2 million shares under its stock repurchase program, for an aggregate purchase price of $750 million. As of 28 January, 2015, Viacom had $5.62 billion remaining in its $20 billion stock repurchase program. As of 31 December, 2014, Viacom had 407 million shares of common stock outstanding says the company.

  • MSM confirms Sony Pal’s revamp plan

    MSM confirms Sony Pal’s revamp plan

    MUMBAI: Multi Screen Media (MSM) has put the final stamp on Sony Pal’s revamp plan. The new general entertainment channel (GEC)  was launched in September, 2014.

     

    As was first reported by Indiantelevision.com in early January, the channel which had slashed its three and a half hours of original programming to two hours by December 2014, by shutting five of its nine shows with which the channel had launched, was looking for a change in content. 

     

    The nine offerings were Simply Baatein produced by GR8 Entertainment and anchored by Raveena Tandon, Dil Hain Chota Sa Choti Si Asha, produced by SOL Productions and hosted by Ragini Khanna and Jay Soni, Shashi Productions’ Ek Rishta Aisa Bhi, Miloni Films’ Khushiyon Ki Gullakh AashiSinghasan Battisi by Creative Eye, Pia Basanti Re by Rashmi Sharma and Pawan Kumar, Tum Sath Ho Jab Apne produced by Sphere Origins, Sister Didi by DJ’s Creative Unit and Yeh Dil Sun Raha Hain by Balaji Telefilms.

     

    When quizzed about the rumours, Sony Pal and Sab TV senior EVP and business head Anooj Kapoor had told Indiantelevision.com, “We are currently drafting a press release, and the official statement will come in the morning. You will know the exact status then.”

     

    Confirming the news, the official statement from MSM says, “Sony Pal was launched five months ago subsequent to which the channel carried out extensive research. Basis the research channel is in the process of realigning its content strategy. Sony PAL has achieved extensive distribution as a pay channel and will continue to be an important asset for the MSM Network.”

     

    It can be noted that the producers and actors of the existing shows on the channel have already been given a notice to stop their shows.

     

    According to sources, the channel could revamp post the Indian Premiere League (IPL).

  • Double dose of action in ‘Khatron Ke Khiladi 6’

    Double dose of action in ‘Khatron Ke Khiladi 6’

    MUMBAI: It seems to have become an unwritten rule of the game. Now-a-days broadcasters have started to realise that reality shows can run by getting celebrity hosts to garner more eyeballs. 

     

    A big celebrity host is a prerequisite to launch a reality show in India. Celebrity participants, though important, are not mandatory; but the bigger the host, the better. 

     

    From Salman Khan and Farah Khan in Big Boss to Shah Rukh Khan for a game show – India Poochega – Sabse Shaana Kaun in the yet-to-be launched general entertainment channel (GEC) ‘&TV’ under the Zee Entertainment Enterprises Ltd (Zeel) stable. Likewise, there are many more names in the basket. 

     

    After having popular celebrity faces like Priyanka Chopra and Akshay Kumar as hosts for its adventure based reality show – Fear Factor Khatron Ke Khiladi, last year the show got a new face on-board. 

     

    The director, who is known for reviving the action genre on the celluloid, Rohit Shetty who hosted the fifth edition of the series, will continue to host the sixth season as well. 

     

    According to Colors CEO Raj Nayak casting in this season is the best so far. “All faces are popular. Moreover, the number of stunts has increased and you will see a lot of variations. Last year, it was the best season ever and this time we hope it surpasses that.”

     

    The show, which goes on air from 7 February every Saturday and Sunday at 9 pm, will see Ashish Choudhary, Hussain Kuwarjerwala, Harshad Arora, Iqbal Khan, Sana Khan. Sagrika Ghartge, Rashami Desai, Asha Negi, Ridhhi Dogra, Meiyang Chang, Rakesh Kumar, Siddharth Bharadwaj, Nathalia Kaur and Archana Vijaya battling it out.

     

    The contestants will stay in a ‘Darr ka Ghar’ this time to keep the entertainment quotient up. Adding a twist to the take and urging the contestants to push their boundaries will be last year’s finalist Salman Yusuff Khan who will be seen as a challenger.

     

    Endemol MD Deepak Dhar said, “Khatron … will be riveting for the viewers as it has been taxing for the contestants. We have doubled the dose of danger, action and entertainment this season while introducing new concepts and themes to make the show a truly engaging watch. Rohit Shetty’s contribution in making the show a complete blockbuster has been unparalleled and as the show prepares for launch, we are all set for the true action to begin.”

     

    According to sources, the budget has also gone up by about 25 per cent as compared to the last season. While last season the production of the non-fiction show was pegged at Rs 50-55 crore, this season media planners estimate it to be around Rs 60-65 crore. 

     

    Media planners believe that the show will definitely continue to work wonders for the channel, thanks to the celebrity power status and power packed stunts that will keep viewers hooked onto the show.

  • Colors bets big on historical ‘Chakravartin Ashoka Samrat’

    Colors bets big on historical ‘Chakravartin Ashoka Samrat’

    MUMBAI: History repeats itself… or so they say. From the time Indian television was born, historical and mythological shows have been an integral part of it. In the early 90s, Sunday mornings were dedicated to Mahabharata and Ramayana and today prime time slots are dedicated to the numerous gods and kings, as they battle it out for the ratings.

     

    Colors, the channel synonymous with edgy content and reality shows, is once again dabbling with historical show with Chakravartin Ashoka Samrat. Through the tale of a great emperor who charted the course of Indian history, the channel aims to write its own saga in the genre.

     

    “It is one of the biggest shows of 2015 from Colors stable,” said Colors CEO Raj Nayak at the dusty yet magnanimous sets of the show at ND Studios in Karjat. The idea of launching another historical show after Veer Shivaji was always on the cards, but the actual work on the new series started six months back.

     

    “We took Veer Shivaji off air because it gave us low ratings as compared to other shows on the same time band across channels. But in hindsight, we realised that we shouldn’t have. Hence, we have always been toying with the idea but it has taken us a lot of time to build on it. And we are glad that we have been able to put a great team together,” said Nayak.

     

    The one hour long historical, which goes on air from 2 February, is produced by Contiloe Entertainment and will see set designers Omung Kumar and Nitin Desai collaborating.

     

    “Our brief to the production house was simple – the show needs to be the best ever,” proclaims Nayak.

     

    Contiloe Entertainment, which has numerous genres to its credit, isn’t new to historic shows as well. After creating shows like Jhansi ki Rani, the production house is optimistic about the latest show on its platter. “Everybody knows about Ashoka the emperor and the story will resonate with urban as well as rural India. The show is about creation and will inspire viewers too,” said Contiloe Entertainment CEO Abhimanyu Singh.

     

    The show will follow the story of young Ashoka’s journey in a dramatised manner. “There are always gaps in history, which need to be filled and we’ve made sure that the dots are joined in a responsible way,” said Singh.

     

    A huge research team under the guidance of Srikant Sharma worked on the show. “A number of books have been written on it and we have read almost everything on the era to get story as real as possible,” added Singh.

     

    The young Ashoka is played by Dhoom 3 star Siddharth Nigam and will see Pallavi Subhash (Dharma), Sameer Dharmadhikari (Bindusara), Manoj Joshi (Chanakya), Tej Sapru (Seleucus Nicator), Suzanne Bernert (Helena), Sumit Kaul (Justin) and Ankita Sharma (Noor Khorasan) among others etching the roles.

     

    It wasn’t an easy task to get the cast right. According to Nayak, if the cast is right then a show will work. After numerous auditions, Nigam was shortlisted and had to undergo a three-month long training to play the part with ease.

     

    So far, 10 episodes have been canned. Shot with three Alexa cameras, an episode takes almost four to six days to shoot. “We shoot from 7 am till 10 pm, depending on the demand of the script. However, things have improved now as we have all got a hang of it,” said Prasad Gawandi, who has directed the show.

     

    Planned to be a finite show, which will be on air for six months, the channel will take a call on extending it based on audiences’ reaction. “At Colors we are very clear; if something doesn’t work, we kill it. But that doesn’t stop us from experimenting and taking a risk,” points out Nayak, when asked if the show will get an extension or if the one hour time slot would be shortened in the future.

     

    With Ghari Detergent as its title sponsor, Nayak is confident that many will follow suit once the show is up and running. “In case of fiction shows, one doesn’t have to bother about sponsors as they come on their own as ratings scorch unlike non-fiction where one has to get sponsors on board beforehand as they are expensive,” highlighted Nayak.

     

    The channel, which has a premium charge attached to it, expects Rs 1.5 to Rs 1.8 lakh for a 10 second ad slot.

     

    Media planners too believe that since the story has not been told on the small screen before, it will tend to work in favour of the show and the channel. “Other stories have been told and retold but the story of Ashoka on small screen with modern technology should work,” said a media planner.

     

    To market the show, Colors is routing through unconventional methods. For instance, Mumbai metro travellers are in for a surprise as they will get a coin used in the Mauryan era rather than the usual ticket token for a week. Apart from this, a special school contact programme will be executed in close to 200 schools in 50 towns in tier II markets where students will, in an interactive way, learn about Emperor Ashoka and his life.

     

    “A number of melas and yatras are on in the country and we are tapping in to these as well to give viewers a real life feel of the characters. For instance, people can engage through archery to get a feel of the era gone by,” said Nayak.

     

    One of the most expensive fiction shows apart from 24, the channel is betting high on the story of the young emperor and only time will tell how it fares.

  • Singer Udit Narayan’s surprise visit on ‘Sa Re Ga Ma Pa Li’l Champs’

    Singer Udit Narayan’s surprise visit on ‘Sa Re Ga Ma Pa Li’l Champs’

    MUMBAI: This weekend on Sa Re Ga Ma Pa Li’l Champs, emotions flow in abundance as all the contestants, Captains Shaan and Monali and even the host Aditya Narayan get a special surprise from their loved ones. The young Li’l Champs have been living away from home for nearly two months now , gearing up for the tough competition and giving their best week on week. So it was time to surprise them by bringing down their parents, siblings and even teachers.

     

    While host Aditya Narayan was busy welcoming each contestant’s relative or parents who were specially flown down for this episode, never did he imagine that the makers of Zee Sa Re Ga Ma Pa had also planned a surprise for him! During the course of the show, the Li’l Champs were asked to share one thing which they would like to thank and apologise to their parents for. When the young and charming host Aditya Narayan was asked the same question, he replied that he would like to thank his dad for his genes and singing ability and before he could continue, a very familiar voice singing the popular 90’s number ‘tu mera dil tu meri jaan’ took over for backstage. Well it hardly took Aditya and people sitting in the audience a couple of seconds to realise that it was the legendry singer and host Aditya’s father, Udit Narayan singing his son’s debut song and their first duet. Aditya, who was visibly pleasantly surprised, replied singing his portion of the track ‘oh I love you daddy’!  An overwhelmed Aditya expressed his delight and disbelief on seeing his dad on the sets of his show and even thanked the channel for bringing in this sweet surprise for him.

     

    The senior Narayan also had a great time catching up with old friend Mahaguru Alka Yagnik and affectionately teased her. The duo has given Bollywood some of the most memorable chartbusters of the 90’s together and took this opportunity to walk down memory lane and talk about their good old recording days. The two even sang ‘mere mehboob mere sanam’ from the film Duplicate on the demand of the audience. However, the father and son duo were only allowed to leave the stage after they gave an encore of their superhit debut duet. Udit Narayan immediately obliged and even rendered his own version to son Aditya Narayan’s latest hit ‘tattad tattad’ . It was truly a delight to see the two powerhouse performers perform together on stage!

     

    When two of Captain Monali’s friends paid her a surprise visit on the sets as a part of the same episode, they spill the beans on her passions other than music. The audience, Mahaguru and Li’l Champs  were surprised  to know that this petite beauty is actually a squash, pool and badminton champion and has given many of her male friends stiff competition. Her friends, who met her years back at a dance class also divulged that she is a phenomenal salsa dancer and can also do some dangerous head stunts. Well, seems like Monali is surely a ‘chota packet bada dhamaka’!

  • Sony Pal to bring curtains down on existing shows

    Sony Pal to bring curtains down on existing shows

    MUMBAI: The media industry is abuzz with rumours. And the target this time around is Sony Pal, the newly launched channel from the Multi Screen Media (MSM) stable. If rumours are to be believed, the channel, which went on air on 1 September 2014, has already sent notices to producers and actors of the existing shows to wrap up by 13 February.

     

    When quizzed about the rumours, Sony Pal and Sab TV senior EVP and business head Anooj Kapoor told Indiantelevision.com, “We are currently drafting a press release, and the official statement will come in the morning. You will know the exact status then.”

     

    As reported earlier by Indiantelevision.com, the channel had said that it would be revamping its content owing to the failure of a few of its shows, which did not connect with its target audience. By the end of December, Sony Pal was airing only four shows, of the nine that it had launched with.  

     

    The nine offerings were Simply Baatein produced by GR8 Entertainment and anchored by Raveena Tandon, Dil Hain Chota Sa Choti Si Asha, produced by SOL Productions and hosted by Ragini Khanna and Jay Soni, Shashi Productions’ Ek Rishta Aisa Bhi, Miloni Films’ Khushiyon Ki Gullakh Aashi, Singhasan Battisi by Creative Eye, Pia Basanti Re by Rashmi Sharma and Pawan Kumar, Tum Sath Ho Jab Apne produced by Sphere Origins, Sister Didi by DJ’s Creative Unit and Yeh Dil Sun Raha Hain by Balaji Telefilms.

     
    The channel had slashed its three and a half hours of original content to two hours starting from primetime 7.30 pm to 9.30 pm. The current running shows include Yeh Dil Sun Raha Hain, Singhasan Battisi, Ek Rishta Aisa Bhi and Sister Didi.

     

    A producer on condition of anonymity said, “Yes, the channel is undergoing a revamp and it will be back with new shows, post the Indian Premiere League.”

     

    Many in the industry feel that Sony Pal was unable to differentiate its content from the network’s flagship channel – Sony Entertainment Television. “The channel could come back with a more segmented content with a hope to catch viewers’ attention,” added a media planner. 

     

    Kapoor, in an earlier interview to this website, had said, “When we went out checking with our core TG (women GEC viewers) to what they found right and not right with the channel in terms of content, the consumers came up with very interesting answers which threw some pointers on what core corrections were required.”

     
    “We are soon going to come back in the same slots, which have been shut down with new programmes in terms of dailies and with consumer feedback on-board. Hopefully, this time around we will go to the next level. We are going to come back with exact consumer expectations as they have articulated after viewing the channel,” he had said. 

     

    Rumours are also rife that post the revamp, Sony Pal could move from being a pay channel to becoming a free to air channel. 

  • Zee launches Zee World in South Africa

    Zee launches Zee World in South Africa

    MUMBAI: Zee Entertainment Enterprises Limited (ZEEL) has launched a new general entertainment channel – Zee World – in South Africa. The channel was unveiled at an event in Johannesburg and is the first offering from ZEEL for mainstream viewers in Africa.

     

    Zee World is a customised channel for mainstream audiences in Africa and will be available from 3 February on DSTV Premium, Extra, Compact and Family pack in South Africa and the Access pack within the rest of Africa. It will also be available on the Multichoice Digital Terrestrial Television (DTT) GO TV platform. 

     

    Essel Group and Zeel chairman Dr Subhash Chandra said, “The corporate positioning of ‘Vasudhaiva Kutumbakam’ meaning ‘The world is my family’ is the driving force that enables us to bring authentic and entertaining content to global audiences, with a vision to reach a billion viewers by 2020.”

     

    Zeel Middle East and Africa CEO Mukund Cairae said that the channel will launch with four series namely Saloni, Laali, Married Again, and The Promise. It will also introduce other genres such as world drama series and shows on kids, food, reality and health before the end of the year.

     

    The channel will showcase content that will connect with the masses – from television series to Bollywood movies, from reality shows to action packed content. All content that will be aired has undergone extensive research and customization including editing and dubbing with most of the channel’s content dubbed in South Africa using local talent.

  • Zee Media responds to SEBI’s queries on Rs 200 crore rights issue

    Zee Media responds to SEBI’s queries on Rs 200 crore rights issue

    NEW DELHI: Zee Media has replied to the queries sent by Securities and Exchange Board of India (SEBI) from the merchant banker of Zee Media Corporation regarding the company’s proposed Rs 200 crore rights issue. 

     

    Zee Media sources in Mumbai told Indiantelevision.com that it had earlier sent a response to SEBI on 21 January but the regulator thereafter sought further queries. These had been answered well in time, the sources added.

     

    The sources declined to give more details as it said the issue was at a delicate stage.

     

    However, the sources clarified that in a rights issue, shares are issued to existing investors as per their holding at pre-determined price and ratio. 

     

    As per the latest weekly update to the processing status of draft offer documents filed with SEBI, the regulator has said clarifications were awaited on the proposed rights issue of Zee Media as on 23 January this year. 

     

    SEBI had said that it might issue observations on Zee Media document within 30 days from the date of receipt of satisfactory reply from the lead merchant bankers to the clarification or additional information sought from them. 

     

    The regulator had received the draft offer documents on 2 January this year through its lead manager Axis Capital. The company’s proposed rights issue is estimated to be raised up to Rs 200 crore. 

     

    The funds raised from the issue would be utilised towards purchase of equipment and accessories for production and broadcasting, repayment of certain loans availed by the company, funding subsidiaries for repayment of loans, and other general corporate purposes. 

     

    Zee Media Corporation Ltd (ZMCL) broadcasts 10 news channels including two national ones – Zee News and Zee Business.

     

    Earlier in October, the company’s board of directors had “approved, in-principle, raising of funds for an amount not exceeding Rs 200 crore through issue of equity shares of the company to its eligible shareholders.”