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Tag: Zee Entertainment Enterprises Limited

  • Zee share price rises 20% after Invesco gives up corporate action

    Zee share price rises 20% after Invesco gives up corporate action

    Mumbai: Zee Entertainment Enterprises Ltd (Zeel) witnessed the share price gain by 20 per cent on Thursday, after its largest shareholder Invesco Developing Markets Fund decided not to pursue corporate action against the company.

    The tussle between the company and its shareholder came to a climax on Tuesday after the Bombay high court upheld Invesco’s requisition for an extraordinary general meeting of Zee’s board as legally valid. Soon after, Invesco declared that it would cease to pursue the EGM and that the HC ruling was an important reaffirmation of “shareholder rights.”

    Zeel’s management and Invesco have been engaged in a legal battle for control of the company’s board since October 2021. However, Invesco has reversed gears amidst the ongoing Zeel-Sony merger transaction that is taking place. When completed, this will be the biggest M&E acquisition in the country.

    Zeel and Sony Pictures Networks India had signed definitive agreements to merge in December. Once the merger is completed, Sony Pictures Entertainment, the parent of SPN India, will indirectly hold a majority 50.86 per cent of the combined entity and the promoters of Zeel will hold 3.99 per cent. Other shareholders will hold a 45.15 per cent stake. Zeel MD and CEO Punit Goenka will take on the role of MD and CEO of the combined entity for the next five years.

    “Since we announced our intention to requisition an EGM and add six independent directors to Zee’s Board of Directors, Zee has entered into a merger agreement with Sony,” said Invesco, commenting on the deal. “We continue to believe this deal in its current form has great potential for Zee shareholders. We also recognise that, following the merger’s consummation, the board of the newly combined company will be substantially reconstituted, which will achieve our objective of strengthening board oversight of the company.”

    The Zeel-Invesco dispute began when the media company’s top two investors Invesco Developing Markets Fund and OFI Global China Fund LLC, with a combined stake of ~18 per cent stake in the Zeel, sent a requisition notice to the board on 11 September 2021, calling for an EGM.

    The investors sought the removal of long-standing directors and close associates of the promoters from the board following which two independent directors Ashok Kurien and Manish Chokhani submitted their resignations. Invesco also sought the removal of Punit Goenka.

  • Zeel-Invesco: ‘We have decided not to pursue EGM,’ says Invesco

    Zeel-Invesco: ‘We have decided not to pursue EGM,’ says Invesco

    Mumbai: Invesco Developing Markets Fund on Thursday stated that it has decided not to pursue the extraordinary general meeting (EGM) of Zee Entertainment Enterprises Ltd (Zeel) shareholders as per their requisition dated 11 September 2021.

    The statement was released following the Bombay high court verdict that acknowledged Invesco’s requisition notice for an EGM as legally valid. Invesco and Zeel have been embroiled in a legal battle for control of the boardroom since October.

    Also Read | Bombay HC allows Invesco plea against order on EGM to remove Zee’s Punit Goenka

    In its statement, Invesco said, “We are pleased with the Bombay high court’s ruling, which we view as an important reaffirmation of shareholder rights in India and the mechanisms under Indian law to hold Boards accountable to their shareholders. The ruling is a boon for corporate governance in India and a win for shareholder democracy.”

    “Since we announced our intention to requisition an EGM and add six independent directors to Zee’s board of directors, Zee has entered into a merger agreement with Sony. We continue to believe this deal in its current form has great potential for Zee shareholders. We also recognise that, following the merger’s consummation, the board of the newly combined company will be substantially reconstituted, which will achieve our objective of strengthening board oversight of the company,” it added.

    “Invesco will continue to monitor the proposed merger’s progress. If the merger is not completed as currently proposed, Invesco retains the right to requisition a fresh EGM,” it concluded.

    The Zeel-Invesco boardroom battle began when the media company’s top two investors Invesco Developing Markets Fund and OFI Global China Fund LLC, with a combined stake of ~18 per cent stake in the Zeel, sent a requisition notice to the board on 11 September 2021, calling for an EGM.

    The investors sought the removal of long-standing directors and close associates of the Chandra family from the board following which two independent directors Ashok Kurien and Manish Chokhani submitted their resignations. Invesco also sought the removal of Zeel MD and CEO Punit Goenka.

    Zeel refused to conduct the EGM citing ‘shareholders interest’ and moved to Bombay high court on 2 October seeking to declare the requisition notice as “illegal and invalid.”

  • Yupp TV relaunches Zee in UK and across Europe

    Yupp TV relaunches Zee in UK and across Europe

    Mumbai: OTT platform Yupp TV known for airing South Asian content has relaunched Zee channels in the United Kingdom, and all across Europe. Beginning from 2 June, Zee channels including Zee TV, Zee Cinema, Zee Telugu, Zee Tamil, Zee Kannada, Zee Keralam, Zee Punjabi, Zee Marathi, and Zee Bangla will be available for viewers in Europe. 

    Zee Entertainment is one of India’s leading media conglomerates that offers a bouquet of entertainment channels. With the relaunch of Zee in the European market, viewers will be able to watch a wide range of fiction, non-fiction, and other regional content offered by various Zee channels. 

    Commenting on the relaunch of Zee channels, Yupp TV founder and CEO Uday Reddy said, “We are delighted to once again join hands with one of the leading entertainment networks, Zee Entertainment, to bring back its premium entertainment channels to the UK and the Rest of Europe markets. These markets provide unlimited potential for Indian television with Hindi and regional languages and Zee channels will be a great value addition to our already vast library. YuppTV users can now watch their favourite Zee content, giving them more entertainment options to choose from.” 

    Zee Entertainment Enterprises Limited, chief business officer-international business Ashok Namboodiri, said ZEE reaches out to over 1.3 billion viewers globally and we continue to grow. “YuppTV and ZEE have been working together for the last decade in several markets and give audiences the best in entertainment, globally. With this partnership, audiences in UK & Europe can now enjoy a wide range of entertainment channels from ZEE and stay updated on all the latest news with Zee News and Zee Business from the Zee Media portfolio,” he said.

    Expressing excitement about partnering with Yupp TV, Zee UK business head Parul Goel said, YuppTV viewers will be in for a treat as they will be able to pick channels across six to seven Indian languages and genres from the ZEE stable.

    Viacom18 had also launched its regional channel Colors Gujarati in the United Kingdom. IndiaCast Media Distribution, jointly owned by TV18 and Viacom18, has partnered with Sky and Virgin Media for the channel’s launch in the European nation. 

  • Reliance Big Synergy CEO Rajiv Bakshi calls it quits, joins ZeeL

    Reliance Big Synergy CEO Rajiv Bakshi calls it quits, joins ZeeL

    KOLKATA: Reliance Big Synergy CEO Rajiv Bakshi has stepped down from his position. Bakshi has now joined Zee Entertainment Enterprises Ltd (ZeeL) as its chief operations officer – revenue. According to sources close to the development, he will report to ZeeL South Asia business president Rahul Johri.

    The Harvard Business School alumnus has more than 20 years of diverse work experience in business transformation, P&L and commercial operations, corporate strategy, brand management, product development, digital strategy and market expansions across varied industries.

    According to the source mentioned above, he will work towards achieving ZeeL’s revenue objectives by identifying and leveraging internal synergies across all linear and digital platforms. In his new role at ZeeL, Bakshi will lead the sales strategy and operations function. In addition to that, he will also be responsible for leveraging technology to augment the revenue vertical. He will drive the marketing initiatives and focus on strengthening relations with key external stakeholders and partners.

    Bakshi joined Reliance Big Synergy back in 2018. During his stint at the company, he led it to branch out the content studio across all genres with high focus on fiction while it was earlier known as a non-fiction powerhouse. Along with that, he aggressively scaled its hold over regional language shows as well. The company has produced content for Star Maa, Zee Punjabi, Dangal, Zee5 and many more under his guidance. Enterr10 TV Network’s Bhojpuri channel launched a social mythology series produced by Reliance Big Synergy in January, a genre where the production house never worked earlier.

    Under his leadership, the studio produced some of the top rated TV shows across national and regional networks  in Hindi, Telugu, Punjabi, Bhojpuri and other languages. More importantly, he pushed the business in the booming OTT segment as well to produce web series for both international and homegrown platforms.

    He was conferred the ‘CEO Of the Year’ 2020 award by the jury of World Brand Congress, World Marketing Congress and CMO Global. The award was given in recognition of Bakshi’s differentiated strategy to establish Reliance Big Synergy as a leading content development and production powerhouse in India.

    Earlier in his career, Bakshi also turned around Discovery Networks’ India and South Asia business as the head of products and marketing, and is credited for building its 11-channel portfolio.

  • IPL 13 grows and grabs television viewership

    IPL 13 grows and grabs television viewership

    BENGALURU: Live telecast of the Indian Premier League (IPL) must seem an abomination for competitors’ networks. Year in and year out, the period during which the cricketing bonanza is played, all genres and competing sports networks have seen viewership numbers dip as Indians tuned into the channels of the network that aired the event live – the network being Star India in this edition of IPL or IPL 2020 or IPL13 as it is known. The Covid2019 pandemic delayed IPL by around five to six months. In a normal year, IPL commences around the end of March or at the beginning of April every year and runs for about six weeks or so. The event this year clashes with flagship programmes such as the twelfth season of Hindi Kaun Banega Crorepati hosted by Bollywood doyen Amitabh Bachchan and with the initial weeks of the Salman Khan hosted fourteenth edition of the Hindi Bigg Boss. This paper comes with a caveat – the conclusions in it are based on BARC weekly data of the top 2, 3, 4, 5 or 10 channels/programmes of various genres in different languages/platfroms in the public domain.

    Week 38 of 2020 (Saturday,19 September 2020 to Friday, 25 September 2020, week or period under review) saw television viewership climb 2.4 percent to 17.0 billion weekly impressions from 16.5 billion weekly impressions reported for the previous week according to Broadcast Audience Research Council of India (BARC) data published in the public domain. Viewership in week 38 of 2020 was 15.1 percent higher than the pre-Covid2019 average of 14.77 billion weekly impressions. Ratings watchdogs BARC and Nielsen have standardized the average data for weeks 02 and 04 2020 as the pre-Covid2019 average. As is obvious from the figure below, television viewership had started declining from week 34 of 2020. IPL 13 week saw viewership growth. 

    BARC weekly list of the Top 10 Channels on All Platforms Across genres saw Star Sports 1 Hindi catupult into it, and that too at rank 1.  Though the combined ratings of the Top 10 Channels in this list grew 5.8 percent to 8,322.475 billion weekly impressions in week 38 of 2020 from 7,863.577 billion weekly impressions in the previous week, seven of the channels in the list saw a decline in viewership. Two channels exited the list in week 38 of 2020. Star Sports 1 Hindi entered the list as mentioned above at rank 1 with 1,247.407 billion weekly impressions. It must be noted that Star India is airing IPL 13 on Star Sports 1, Star Sports 1 HD, Star Sports 2, Star Sports 2 HD, Star Sports 1 Hindi and Star Sports 1 Hindi HD TV channels as well as live streaming on the Disney+ Hotstar digital platform.

    Read more news on IPL

    Analysis of BARC data in the public domain of the top 2, 3, 4, 5 or 10 channels of various genres in different languages/platfroms for week 38 of 2020 reveals that the top channale of all major genres such as GECs’, news, movies and kids saw ratings dip. According to BARC-Nielsen reports these four genres garnered around 90 percent of television viewership. BARC data shows that combined impressions data for the Top 5 Sports channels grew 8.6 times to 1,734.956 billion weekly impressions in week 38 of 2020 from 201.549 billion weekly impressions in the previous week. It is quite obvious that the sports genre has helped television viewership grow, while at the same time has eaten into viewership of other genres/sub-genres across platforms – be they pay or free or combined free and pay.

    Top 10 Channels on All Platforms, Pay Platform and Free Platform Across Genres

    The Star India Network pulled viewership eyeballs with five channels in BARC’s weekly list of Top 10 Channels on All Plaform Across Genres in week 38 of 2020. There were two channels from Sony Pictures Network (SPN) and one channel each from Enterr10 Television, Sun Tv Network and Zee Entertainment Enterrpises Limited (Zeel) besides those of Star India in the top 10 weekly list for the week under review.Two channels, Viacom18’s Hindi GEC Colors Rishtey and Zeel’s flagship Hindi GEC Zee TV exited the list and were replaced by Star Sports 1 Hindi and Star India’s flagship Tamil GEC Star Vijay. There were six Hindi GEC channels, two Tamil channels and one channel each from the sports and the Telugu genres in BARC’s weekly list of Top 10 Channels on All Platforms Across Genres.

    BARC’s weekly list of Top 10 Pay Channels Across Genres also was dominated by Star India channels – there were four of them. Besides, there were 3 channels from Zeel and one channel each from SPN, Sun Tv Network and Viacom18. While the combined weekly impressions of the Top 10 Pay Channels Across Genres increased 10 percent to 7,285.986 billion weekly impressions in week 38 of 2020 from 6,624.357 billion weekly impressions in week 37 of 2020, five of the channels saw week-on-week (w-o-w) decline in weekly impressions. One channel – Star India’s flagship Bangla channel Star Jalsha exited the list in week 38 of 2020 and was replaced by Star Sports 1 Hindi. There were four Hindi GECs’, three Tamil channels, two Telugu channels and one Sports channel in BARC’s weekly list of Top 10 Pay channels Across Genres.

    BARC’s weekly list of Top 10 Free Channels Across Genres in week 38 of 2020 had the same line up of channels in the same order as in the previous week. However, the combined weekly impressions of the 10 channels in week 38 of 2020 declined 1.5 per cent to 3,535.728 billion weekly impressions from 3,588.256 billion weekly impressions in week 37. Six of the channels in the list saw viewership decline, while four saw viewership increase. Six of the channels were Hindi GECs’ while four were Hindi Movies channels. There were three channels from Zeel, two channels from Viacom18, and one channel each from B4U Network, Enterr10 Television, Goldmine Telefilms, Star India and SPN in BARC’s weekly list of Top 10 Free Channels Across Genres in week 38 of 2020.

    Please refer to the chart below:

  • Non-Hindi channels continue to dominate top 10 pay channels across genres

    Non-Hindi channels continue to dominate top 10 pay channels across genres

    BENGALURU: As the progress in the Sushant Singh Rajput case seemingly tapered off, the news genre lost some of its sheen in terms of weekly impressions in Week 37 of 2020 (Saturday 12 Sep 2020 to Friday 18 Sep 2020, week or period under review). Broadcast Audience Research Council of India (BARC) data for top five Hindi, English, Assamese, Bangla, Kannada, Malayalam, Marathi, Oriya, Tamil and Telugu channels reveals that the top news channels lost viewership in Week 37 of 2020 as compared to the previous week (Week 36 of 2020). At the same time, overall television viewership in Week 37 of 2020 at 16.6 billion weekly impressions was just a fraction higher than the 16.5 billion weekly impressions in Week 36. BARC data for the top 10 Hindi GEC channels, top four Assamese channels and top five Bangla, Bhojpuri, Gujarati, Kannada, Malayalam, Marathi, Oriya, Punjabi, Tamil and Telugu channels for the week under review shows that viewership of most of these genre/sub-genres in respective platforms and markets increased to contribute to the small increase in overall viewership. The top five channels of English entertainment channels, infotainment, lifestyle, English & Hindi movies, music, sports and top four youth channels also saw viewership in terms of weekly impressions grow.

    Top 10 Channels on All Platforms, Pay Platform and Free Platform Across Genres

    BARC’s weekly list of top 10 channels on all platforms across genres saw the combined weekly impressions in Week 37 of 2020 increase as compared to the previous week. Nine of the channels in the All Platforms channels list were the same with a slight shuffling of ranks as in the previous week. One Telugu channel from the Zee Entertainment Enterprises (Zeel) stable exited the list in week 37 of 2020 to be replaced by its sister channel and Zeel’s flagship Hindi GEC Zee TV at rank 10. There were eight Hindi GECs and one channel each from the Tamil and the Telugu genres in the list. There were three channels from Star India, two channels from Sony Pictures Network India (SPN) and Zeel and one channel each from Enterr10 Television, Sun Tv Network and Viacom18 in BARC’s Weekly list of Top 10 Channels on All Platforms Across Genres in Week 37 of 2020.

    Read more news on BARC

    BARC’s Weekly list of top 10 pay channels across genres was dominated by two south Indian language channels – three from the Tamil genre, two channels from the Telugu genres and one from the Bangla genre along with four Hindi GECs. There were four channels from Star India, three channels from Zeel, one channel each from SPN, Sun Tv Network and Viacom18. One channel exited the list in Week 37 of 2020 – the Viacom18 associated ETV Telugu which was replaced by Star India’s flagship Banga GEC Star Jalsha at rank 10.

    All the 10 channels in BARC’s weekly list of top 10 free channels in Week 37 of 2020 were the same as in the previous in the same rank order. Six of the channels were Hindi GECs’ while four were Hindi Movies channels. There were three channels from Zeel, two channels from Viacom18, and one channel each from B4U Network, Enterr10 Television, Goldmine Telefilms, Star India and SPN. 

    Please refer to the table below:

  • Star Plus most watched pay TV channel across genres in Week 35

    Star Plus most watched pay TV channel across genres in Week 35

    BENGALURU: Star India’s Hindi GECs’ Star Plus and Star Utsav topped all the three across genres weekly lists published by Broadcast Audience Research Council of India in the public domain for Week 35 of 2020 (Saturday, 29 August 2020 to Friday, 4 September 2020, week or period under review). While Star Utsav topped BARC’s weekly lists of Top 10 Channels on All Platforms Across Genres and Top 10 Free Channels Across Genres, flagship Hindi GEC Star Plus topped BARC’s weekly list of Top 10 Pay Channels Across genre during the period under review. Further, Star Plus was ranked second in BARC’s weekly list of Top 10 Channels on All Platforms Across Genres.

    Hindi GEC’s once again prop up Television Viewership

    BARC data reveals that viewership in Week 35 and Week 34 was the same at 16.9 billion weekly impressions. Analysis of BARC data for the Top 2, 3, 4, 5 or 10 channels of genres/sub-genres/languages/ platforms in the public domain indicates that as in the case of Week 34, it was again Hindi GECs’ that propped up television viewership. The Top 5 Kids, Hindi and English Movies and News channels in 10 languages lost viewership in Week 35 of 2020 as compared to the previous week. Analysis of BARC data for the top 4, 5 or 10 GEC channels reveals that though GEC viewership climbed up slightly, GECs’ of most languages lost viewership, while the Hindi GEC genre, which is quite a large genre, gained viewership. To quite an extent, Hindi GECs’ helped maintain television viewership in terms of weekly impressions. It must be noted that Week 34 of 2020 had witnessed the largest drop on 0.7 billion weekly impressions from the 17.6 billion weekly impressions in Week 33 of 2020.

    Top 10 Channels on All Platforms Across Genres

    The Top 10 Channels on All Platforms Across Genres were all GECs’. Hindi GECs’ dominated the list in Week 35 of 2020. There were eight of them present in the Across Genres on All Platforms list in Week 35 of 2020. Besides the 8 Hindi GECs’, there was one channel each from the Tamil and Telugu genres. As mentioned above, Star India’s Hindi GEC Star Utsav continued heading BARC’s weekly list of Top 10 Channels on All Platforms Across Genres in Week 35 of 2020 for the fourth week in a row.  As a matter of fact, 8 of the 10 channels in BARC’s Weekly list for Week 35 of 2020 were the same as in the previous week. Two Telugu channels from the weekly list for Week 34 0f 2020 exited and were replaced by two Hindi GECs’ in Week 35 of 2020. Zee Entertainment Enterprises Limited (Zeel) flagship Kannada GEC and the Network18 (Viacom18) affiliated ETV Telugu exited and were replaced by Zeel’s flagship Hindi GEC Zee TV and Viacom18’s Hindi GEC Colors Rishtey.

    There were 3 Star India channels, two channels each from Sony Pictures Network India (SPN) and Zeel and one channel each from Enterr 10 Television, Sun TV Network (Sun TV) and Network18/Viacom18 in the list for Top 10 Channels on All Platforms Across Genres in Week 35 of 2020.

    Please refer to the chart below:

    Top 10 Pay Channels Across Genres

    Sun TV gave way to Star Plus which led BARC Weekly list of Top 10 Pay Channels Across Genres during the period under review. Nine of the 10 channels in BARC’s weekly list for Week 35 of 2020 were the same as in the previous week, but with some shuffling of ranks. Zee Kannada, exited the list and was replaced by Star India’s flagship Tamil GEC Star Vijay. BARC’s weekly list of Across genres pay channels was dominated by two South Indian languages GECs’ – there were six of them – three each from the Tamil and Telugu genres and four Hindi GECs’ in the list for Week 35 of 2020.

    There were three channels each from Star India and Star India two channels from Network18/Viacom18 and one channel each from SPN and the Sun Tv Network in BARC’s weekly top pay channels list for Week 34 of 2020. Please refer to the chart below.

    Top 10 Free Channels Across Genres

    Star Utsav headed BARC’s weekly list of Top 10 Free Channels Across Genres in Week 35 of 2020. All of the 10 channels in BARC’s weekly list of Top 10 Free Channels Across Genres in Week 35 of 2020 were the same as in Week 34 with only one shuffling  ranks – Zeel’s Big Magic moved up one rank to eighth place and Viacom18’s Hindi Movies channel Rishtey Cineplex dropped a rank to ninth in Week 35 of 2020 as compared to Week 34.

    There were three channels from Zeel, two channels from Viacom18 and one channel each from B4U Network, Enterr 10 Television, Goldmine Telefilms, SPN and Star India in BARC’s weekly list of Top 10 Free Channels Across Genres in Week 35 of 2020. There six Hindi GECs’ and four Hindi Movies channels in BARC’s weekly list of Top 10 Free Channels Across Genres in Week 35 of 2020. Please refer to the figure below:

  • Hindi channels prop up Top TV channels viewership as Star Utsav dominance continues

    Hindi channels prop up Top TV channels viewership as Star Utsav dominance continues

    BENGALURU: Television viewership in terms of weekly impressions declined 3.98 percent in Week 34 of 2020 (Week 34: Saturday, 22 August 2020 to Friday, 28 August 2020, week or period under review) as compared to the immediate previous week 33. Per Broadcast Audience Research Council of India (BARC) weekly data in the public domain, overall TV+OOH viewership in Week 34 of 2020 was 16.9 billion weekly impressions as compared to 17.6 billion weekly impressions in Week 33. After a steady increase since Unlock 1.0 (Week 22 of 2020), the drop of 0.7 billion impressions was the steepest one since the country opened up after the Covid2019 Lockdown that had commenced on 25 March 2020 or midweek in Week 13 of 2020. At that time, home-tied Indians turned to the easiest and most accessible medium for live news. Indians wanted to know more and more about the new pandemic that had forced most of the world to suddenly stop. Television viewership shot up to 20.9 billion impressions in Week 14 of 2020, with the News genre recording the largest growth, while GEC viewership slid down. Four genres – GEC, Movies, News and Kids are normally responsible for more than 90 percent of television viewership. The breakup for the COVID2019 average between Weeks 2 to 4 of 2020 was: GEC at 52 percent, Movies at 23 percent, and News and Kids at 7 percent each, or a combined total of 89 percent. The breakup of the combined total of 94 percent for these four genres in Week 13 of 2020 was GEC 40 percent, Movies 29 percent, News 18 percent and Kids 7 percent. It must be noted that overall television viewership had climbed up 

    Despite the drop in Week 34 of 2020, TV viewership based on weekly impressions in Week 34 of 2020 was 1.4 percent more than the average of Weeks 2 to 4 of 2020 of 14.8 billion weekly impressions. The current ratings agency BARC along with the older one Nielsen commenced editions of “Crisis Consumption – Impact Of COVID -19 On TV And Smartphone Behaviour Across India”. At the time of writing of this paper, eleven editions have been released by BARC-Nielsen. The ratings duo has standardized the average data for Weeks 2 to 4 of 2020 as a measure for television consumption trends. The author has also used the same yardstick to analyze television consumption trends of the Top channels based on BARC weekly data published each week in the public domain of the top 2 or 3 or 4 or 5 or 10 Television channels of each genre, sub-genre, language and/or platform in all-India or the respective market, The analysis of this paper is limited to that extent. Where required, data from the 11 editions released by BARC-Nielsen has been used. Though the percentages of share of consumption may differ from the numbers in the BARC-Nielsen reports and those arrived at by the author based on limited BARC data available in the public domain, BARCs’ historical conclusions generally conform with them. Please refer to the figure below for TV+OOH viewership data as per BARC Weekly data.

    Viewership share of GECs’ has been growing post Week 22 of 2020 per the latest BARC-Nielsen report which included data for Week 33 of 2020. Week 22 of 2020 was when a number of genres started creating fresh content after UNLOCK 1.0 commenced. Viewership share of GECs’ was 52 percent of overall television in Week 33 of 2020 which is at par with the Pre-COVID2019 average (average of Weeks 2 to 4 of 2020). In Week 12 of 2020, it had plunged to an all-time low of 39 percent. The 11th edition of the BARC-Nielsen report that included data for Week 33 of 2020 revealed that the overall television viewership of 17.6 billion impressions was still 22 percent higher than the pre-COVID2019 viewership. The breakup of growth in viewership between the HSM and South in Week 33 of 2020 was 24 percent and 17 percent respectively.

    Analysis of BARC data of the top 3, 4, 5 or 10 channels of different genres of GECs’ reveals that despite viewership of the top 56 unique GEC channels from multiple genres declining 0.7 percent in Week 34 of 2020 as compared to 54  unique GEC channels from multiple genres in Week 34, the ratings of top 16 Hindi GECs’ was flat (increased 0.1 percent) as compared to the previous week. The drop in viewership was mainly in the regional languages including South Indian languages GECs’.

    Similarly, in the case of News channels, though ratings of 50 plus unique news channels in different language declined by more than 5 percent in Week 34 of 2020 as compared to Week 33, ratings of the Top 5 Hindi News channels during the same period increased by 4.2 percent as compared to 6 unique channels in Week 33 of 2020.  Hence, it is the Hindi channels that have reduced the impact of the fall in overall viewership ratings in Week 34 of 2020 from the ratings of Week 33 of 2020.

    The figure below shows viewership share of various genres. It must be noted that the number of unique channels in both weeks is not the same (184 in Week 33 and 183 in Week 34 of 2020), and hence the number of unique channels across genres/sub-genres/languages/platform in the chart below are not the same in some cases. The author has created a rough measure by using data for unique channels that figure in BARCs’ weekly lists of Top 2, 3, 4, 5 or 10 channels for the two weeks.

    Top 10 Channels on All PlatformsAcross Genres

    Star India’s Hindi GEC Star Utsav continued heading BARC’s weekly list of Top 10 Channels on All Platforms Across Genres in Week 34 of 2020 for the third week in a row. As a matter of fact, 9 of the 10 channels in BARC’s Weekly list for Week 34 of 2020 were the same and had almost the same ranks as in the previous week. The only small reshuffling in ranks was the exchange of ranks between Zee Entertainment Enterprises Limited (Zeel) Hindi GEC Zee Anmol and Star India’s flagship Hindi GEC Star Plus. The latter moved up one place while the formed dropped one place to rank4. The other change was that Zeel’s flagship Hindi GEC Zee TV at rank 10 in Week 33 of 2020 exited the list during the period under review and was replaced by the Network18 (Viacom18) associated Telugu channel ETV Telugu.

    Six Hindi GECs’, three Telugu channels and one Tamil channel made up BARC’s weekly list of Top 10 Channels on All Platforms Across Genres in Week 30 of 2020. There were 3 Star India channels, two channels each from Sony Pictures Network India (SPN) and Zeel and one channel each from Enterr 10 Television, Sun TV Network (Sun TV) and Network18/Viacom18 in the list for Top 10 Channels on All Platforms Across Genres in Week 34 of 2020.

    Please refer to the chart below:

    Top 10 Pay Channels Across Genres

    Sun TV continued to lead BARC Weekly list of Top 10 Pay Channels Across Genres during the period under review. Nine of the 10 channels in BARC’s weekly list for Week 34 of 2020 were the same as in the previous week, but with some shuffling of ranks. Gemini TV, The Sun TV Network’s flagship Telugu GEC, exited the list and was replaced by Zeel’s flagship Kannada GEC Zee Kannada.

    There were four channels from the Hindi GEC genre, three channels from the Telugu genre two channels from the Tamil genre and one channel Kannada genre in BARC weekly list of Top 10 Pay Channels Across Genres in Week 34 of 2020. There were three channels from Zeel, two channels each from Star India, Sun Tv Network and Network18/Viacom18 and one channel from SPN in BARC’s weekly top paychannels list for Week 34 of 2020. Please refer to the chart below.

    Top 10 Free Channels Across Genres

    Star Utsav headed BARC’s weekly list of Top 10 Free Channels Across Genres in Week 34 of 2020. All of the 10 channels in BARC’s weekly list of Top 10 Free Channels Across Genres in Week 30 of 2020 were the same as in Week 29 with some shuffling of ranks

    There were three channels from Zeel, two channels from Viacom18 and one channel each from B4U Network, Enterr 10 Television, Goldmine Telefilms, SPN and Star India in BARC’s weekly list of Top 10 Free Channels Across Genres in Week 30 of 2020. There six Hindi GECs’ and four Hindi Movies channels in BARC’s weekly list of Top 10 Free Channels Across Genres in Week 29 of 2020. Please refer to the figure below:


     

  • ZEEL reports higher subscription and OTT rights revenues for first quarter

    ZEEL reports higher subscription and OTT rights revenues for first quarter

    BENGALURU: Subhash Chandra’s Zee Entertainment Enterprises Limited (Zeel) reported a profitable quarter, albeit with steep declines in top-line and bottom-line numbers for the quarter ended 30 June 2020 (Q1 20210, quarter or period under review, COVID2019 quarter) as compared to the corresponding year-ago quarter Q1 2020. A number of Indian media and entertainment companies have reported a loss for COVID2019 quarter. Among other silver linings is growth in subscription revenue and growth in other sales and services which includes the sale of rights of movies to OTT platform. These numbers increased y-o-y by 5 per cent and 30.2 per cent respectively.

    Zeel reported 34.7 per cent lower y-o-y operating revenue at Rs 1,312.03 crore for Q1 2021 as compared to Rs 2,008.12 crore in Q1 2020. Total income (Operating revenue plus other income) fell 32.8 per cent y-o-y to Rs 1,338.41 crore from Rs 2,112.03 crore in Q1 2020.

    Ad revenue fell 59.5 per cent y-o-y in Q1 2021 to Rs 421.06 crore from Rs 1,186.71 crore in Q1 2020. Subscription revenue and other sales and service revenue increased y-o-y during the period under review as mentioned above. The company reported Rs 744.34 crore and Rs 708.77 crore as subscription revenue and Rs 146.63 crore and Rs 112.64 crore towards other sales and services for Q1 2021 and Q1 2020 respectively.  Zeel says in an investor presentation that subscription revenue increase was led primarily by increase in its OTT platform ZEE5 subscription revenue.

    Zeel says that international Ad revenue was Rs 37.1 crore, international subscription revenue was Rs 81.8 crore and other sales and services revenue was Rs 15 crore.

    Zeel reported profit after tax (PAT) of Rs 29.28 crore for COVID2019 quarter, which was just about one-eighteenth (declined 94.5 per cent) of the PAT of Rs 529.76 crore for Q1 2020. Operating profit (EBIDTA) for Q1 2021 was Rs 219.93 crore (16.8 per cent of operating revenue), or about one third (down 66.7 per cent) of Rs 659.75 crore (32.9 per cent of operating revenue) for Q1 2020.

    Let us look at the other numbers reported by Zeel for Q1 2021

    Total expenditure for Q1 2021 was Rs 1,280.80 crore which was 6.5 per cent lower y-o-y than the Rs 1,369.99 crore in Q1 2020. Operational costs in Q1 2021 were 15.7 per cent lower y-o-y at Rs 657.79 crore than the Rs 780.02 crore in Q1 2020. Employee benefits expense in Q1 2021 at Rs 200.12 crore was almost flat (fell 0.1 per cent) y-o-y as compared to Rs 200.33 crore in Q1 2020.

    Financial costs were less than a fourth (declined 78 per cent) y-o-y during the quarter under review at Rs 4.52 crore as compared to Rs 20.51 crore in Q1 2020. The company reported a fair value loss of Rs 112,33 crore in Q1 2021 as compared to a fair value gain of Rs 67.88 crore for Q1 2020 for its investments in overseas mutual funds. Advertisement and publicity expenses during the period under review at Rs 111.09 crore were 43.2 per cent lower y-o-y than the Rs 195.46 crore in Q1 2020. Other expenses in Q1 2021 at Rs 123.10 crore were 28.7 per cent lower than the Rs 172.56 crore in Q1 2020.

  • Hindi and South Indian GECs drive television viewership up; Sun TV back on Top across genres

    Hindi and South Indian GECs drive television viewership up; Sun TV back on Top across genres

    BENGALURU: Broadcast Audience Research Council of India (BARC) reported 1.73 percent growth in overall television impressions in week 30 of 2020 (Saturday, 25 July 2020 to Friday, 31 July 2020, week or period under review) to 17.6 billion weekly impressions from 17.3 billion weekly impressions in the previous week. This number is still 21.4 percent higher than the viewership of 14.5 billion impressions reported for week 4 of 2020.

    BARC and Nielsen had set the average viewership data between weeks two and four of 2020 as the yardstick to measure television consumption trends during COVID-19 weeks. The author has considered week 4 of 2020 as the reference week here.

    Viewership has been driven mainly by GECs after the series of UNLOCKs’ announced by the government and airing of new content created post UNLOCK.  In week 30 of 2019, the growth drivers have been mainly South Indian channels and Hindi GECs. The analysis in this paper is limited to BARC data available in the public domain – the top 2,3,4,5 or 10 channels of the genre/sub-genre/language/platform/market. The unit of data released by BARC is impressions in thousands (000s). The channels in BARC’s weekly lists may vary week-on-week depending upon the viewership numbers in terms of weekly impressions each channel attracts.Conclusions by the author have been derived from this limited BARC data.

    BARC data in the public domain for week 30 of 2020 reveals that the combined weekly impressions of the top 10 Hindi GECs on all platforms in the Hindi speaking urban and rural markets, HSM (U+R) increased 3.9 percent as compared to the previous week. Viewership of the top 5 channels of the four South Indian languages – Kannada, Malayalam, Tamil and Telugu also increased 7.1percent, 2.1 percent, 13.5 percent and 1.3 percent respectively. BARC considers the Hindi speaking market as all India minus the markets where the four South Indian languages are predominantly used – these are Karnataka (Kannada), Malayalam (Kerala), Tamil (Tamil Nadu and Puducherry and Telugu (Andhra Pradesh or AP and Telangana). By itself, the South Indian market is a huge market in terms of television penetration, and among the four, Tamil and Telugu markets are big in terms of population and TV homes.  After the various Hindi genres, BARC provided the most segmented but limited data for the four South Indian languages in the public domain. BARC provides data for the Top 5 News channels in Hindi, the four South Indian languages and English in the public domain.

    The other regional languages for which BARC releases limited data in the public domain are Assamese, Bangla, Bhojpuri, Gujarati, Marathi, Oriya and Panjabi. BARC provides data for the top channels in each of these languages – these could be GECs or News or Movies, as also separate data for the Top 5 News channels in Assamese, Bangla, Oriya and Marathi. week 30 of 2020 saw viewership of Top 5 channels of Assamese, Bangla, Gujarati and Marathi grow 9.4 percent, 4.1 percent, 2.2 percent and 6.2 percent respectively. Combined viewership of the Top 5 Bhojpuri, Oriya and Panjabi channels in week 30 of 2020 fell 4.9 percent, 0.03 percent and 4.9 percent respectively as compared to the previous week.

    According to BARC data, GECs, movies, news and kids genres in that order garner around 90 percent of overall television viewership. GEC is the largest genre with about 45 percent of overall television viewership, with movies garnering between 23 to 27 percent of the viewership and the Kids genre about 7-8 percent. Post Covid2019, UNLOCK, the News genres has been garnering around 15 percent of television viewership. 

    Viewership of the Top 5 Hindi movie channels in HSM (U+R) on all platforms increased by 0.1 percent in week 30 of 2020 as compared to week 29.  The Top 5 kids channels saw combined weekly impressions grow 2.6 percent during the week under review as compared to week 29 of 2020.

    The Top 5 Hindi news channels in HSM (U+R) and the Top 5 English Nnews channels saw weekly impressions increase 3.7 percent and 12.4 percent respectively. The English news genre is a small sub-genre in terms of viewership. 

    Combined viewership of the Top 5 Assamese, Bangla, Marathi and Oriya news channels declined 9.9 percent, 4.3 percent, 6.6 percent and 0.03 percent respectively as compared to week 29. The Top 5 Kannada, Malayalam and Telugu news channels witnessed viewership dips of 18.4 percent, 2.5 percent and 3.9 percent respectively, while the Top 5 Tamil news channels saw weekly impressions increase of 7.2 percent in week 30 of 2020 as compared to week 29. 

    Hence overall viewership in terms of weekly impressions was driven mainly by Hindi GECs and channels in the four South Indian languages, with some help from the other three major television genres.

    Top 10 Channels on All Platforms Across Genres

    The Sun Tv Network’s flagship Tamil GEC Sun TV regained top spot as the most watched channel on all platforms across genres after a hiatus. All the 10 channels in BARC’s weekly list of Top 10 Channels on All Platforms Across Genres in week 30 of 2020 were the same as in the previous week, with some shuffling of ranks.

    Seven Hindi GECs, two Telugu channels and one Tamil channel made up BARC’s weekly list of Top 10 Channels on All Platforms Across Genres in week 30 of 2020. There were 3 Star India channels, two channels each from Sony Pictures Network India (SPN) and Zee Entertainment Enterprises Limited (Zeel) and one channel each from Enterr 10 Television, Sun TV Network (Sun TV) and Viacom18 in the list for Top 10 Channels on All Platforms Across Genres in week 30 of 2020.

    Please refer to the table below:

    Top 10 Pay Channels Across Genres

    Nine of the channels in BARC’s weekly list of Top 10 Pay Channels Across Genres in week 30 of 2020 were the same as in week 29. One Star India Hindi movies channel at rank 10 – Star Gold exited the list in week 30 to be replaced by another Star India channel – Tamil GEC Star Vijay at the same rank (rank 10).

    There were three channels each from the Hindi GEC and Telugu genres, two channels from the Tamil genre and one channel each from the Kids and the Hindi movies genres in BARC weekly list of Top 10 Pay Channels Across Genres in week 30 of 2020. There were three channels each from Star India and Viacom18 (or associated with Viacom18 through its parent Network 18), two channels from SPN and one channel each from Sun TV and Zeel.

    Please refer to the table below:

    Top 10 FreeChannels Across Genres
    Nine of the 10 channels in BARC’s weekly list of Top 10 Free Channels Across Genres in week 30 of 2020 were the same as in week 29. One channel – Enterr10 Television’s Bhojpuri channel, Bhojpuri Cinema, exited the list in week 30 of 2020 to be replaced by Zeel’s Bhojpuri channel Zee Biskope.

    There were four channels from Zeel, two channels from Viacom18 and one channel each from B4U Network, Enterr 10 Television, SPN and Star India in BARC’s weekly list of Top 10 Free Channels Across Genres in week 30 of 2020. There six Hindi GECs, three Hindi Movies channels and one Bhojpuri channel in BARC’s weekly list of Top 10 Free Channels Across Genres in week 29 of 2020.

    Please refer to the table below: