MUMBAI: Thirty-three years ago, on 1 October 1992, Zee TV became India’s first private general entertainment satellite television channel. On its anniversary, Zee Entertainment Enterprises is reminding everyone that it got there first—and that the industry it spawned now turns over Rs 2.5 trillion annually and employs 2.8 million people – through a press release.
The numbers tell a story of explosive growth. What began as a single channel has mushroomed into 908 private satellite channels, over 70 streaming platforms, close to 40,000 artists, music directors, lyricists and an industry producing 3,400 feature films each year. The media and entertainment sector, Zee notes, has attracted nearly Rs 1 lakh crore in foreign direct investment and is projected to grow 7 per cent to reach Rs 3.07 trillion by 2027.
“The journey of ‘Z’ is inseparable from the story of India’s M&E industry,” says Zee Entertainment chief executive officer Punit Goenka. The company, he argues, has not merely entertained but “empowered” the nation, whilst creating an ecosystem for artists, creators and technicians across television, digital, films and live entertainment.
“As pioneers of this robust industry, we at ‘Z’ view this celebration as a stimulus to power ahead
and create a robust growth path for the future. We remain committed to shaping the entertainment industry in the years to come, by nurturing an ecosystem that enhances creativity and generates opportunities for progressive growth,” emphasises Goenka.
The self-congratulation is not entirely unwarranted. Zee pioneered culturally rooted, vernacular content at a time when India’s entertainment landscape was dominated by state broadcaster Doordarshan. Its success paved the way for competitors and transformed how Indians consumed media.
Yet the sector Zee helped create is now fiercely competitive. Streaming platforms have upended traditional television economics, forcing legacy players to adapt or perish. Zee itself has faced turbulence—regulatory scrutiny, a collapsed merger with Sony, and leadership controversies have clouded its recent years.
The company says it is “staying ahead of the curve” by entering short-form content and pursuing an “omni-channel approach.” Whether that proves sufficient in an era of Netflix, Amazon Prime and JioStar remains to be seen. But on its 33rd birthday, Zee is at least entitled to remind the industry who opened the door.
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