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Tag: Zee Media Corporation Limited

  • Priyadarshan Garg takes charge as IDPL’s chief business officer

    Priyadarshan Garg takes charge as IDPL’s chief business officer

    MUMBAI: From print to pixels, Priyadarshan Garg knows how to make headlines. The seasoned media executive has now stepped into a new chapter as chief business officer at Indiadotcom Digital Private Limited (IDPL), the digital arm of Zee Media Corporation Limited.

    The move is more than just a leadership shuffle. It signals IDPL’s ambitions to scale up its digital-first strategy, sharpen its editorial edge and build content ecosystems that attract both audiences and advertisers.

    Garg brings more than 25 years of industry experience, with stints at Zee5, Alibaba, Dainik Bhaskar and TV Today. Known for combining newsroom instincts with business smarts, he has already made waves at IDPL since joining in April by driving the successful launch of Pinewz, one of the company’s fastest-growing digital-first ventures.

    In his new role, he will steer editorial direction, unlock revenue opportunities and strengthen IDPL’s position as a digital powerhouse. As he put it, “Digital is not just about content delivery. It is about creating immersive and trustworthy ecosystems where audiences feel engaged and empowered. At IDPL, I see huge potential to harness data, technology and creativity to fuel growth while maintaining the highest standards of journalism.”

    Zee Media Corporation Limited, ceo, Karan Abhishek Singh welcomed him on board and said, “Priyadarshan’s leadership comes at a crucial time when IDPL is scaling new heights in digital reach and influence. His industry insight and ability to deliver transformative strategies will play a vital role in shaping IDPL’s future.”

    For IDPL, the appointment is a step towards reimagining digital journalism in India. With Garg at the helm, the focus will be on truth-driven storytelling, innovative formats and building long-term value for users and partners alike.
     

  • Zee Media Corporation Limited Promotes Chandan Kumar to Vice President Monetisation Sales

    Zee Media Corporation Limited Promotes Chandan Kumar to Vice President Monetisation Sales

    Chandan Kumar has been promoted as Vice Presidentmonetisation sales at  Zee Media Corporation Limited. This significant elevation is a testament to Chandan’s exceptional expertise in digital monetization and his invaluable contributions to the company.

    Chandan Kumar, a highly accomplished digital monetization expert, boasts an impressive 16-year career that spans media selling, planning, programmatic business, and the development of digital assets. His extensive experience and profound understanding of the digital landscape have established him as a pivotal figure in the industry.

    Throughout his career, Chandan has collaborated with some of the most prestigious digital media houses, including Times, Rajasthan Patrika, Zee Entertainment, and Zee Media. His work with these renowned organizations has solidified his reputation as a leading expert in digital monetization.

    One of Chandan’s most notable achievements is his exceptional proficiency in building revenue models for both corporate and retail businesses. His expertise in this area has enabled him to develop and implement effective strategies that optimize revenue generation. In addition to his work with large corporations, Chandan has successfully pioneered new media solutions for retail SMEs (Small and Medium Enterprises) as well as international business segments. These innovative approaches have led to significant incremental business growth.

    Chandan’s ability to navigate the ever-evolving digital landscape and identify opportunities for revenue growth is a testament to his expertise. His adaptability to changing market trends and implementation of effective strategies have played a crucial role in his sustained success. His keen business acumen and strategic vision have consistently driven revenue growth for the organizations he has been associated with.

    Commenting on his promotion, Chandan Kumar said, “I am honored to take on the role of Vice President at Zee Media Corporation Limited. This promotion is a reflection of the collective efforts of my team and the trust placed in me by the organization. I look forward to driving further innovation and revenue growth in our digital platforms.”

    Chandan Kumar’s impressive track record as a digital monetization expert showcases his strong business acumen and ability to drive revenue growth for various businesses. His contributions to the industry have made a significant impact on the success of the organizations he has worked with, solidifying his status as an invaluable asset in the field of digital media.

  • ZMCL launches Al-Driven PINEWZ Hyperlocal News app, Your PIN code, your stories

    ZMCL launches Al-Driven PINEWZ Hyperlocal News app, Your PIN code, your stories

    Mumbai: Brace yourself for a revolutionary transformation in the way you consume news with the imminent arrival of PINEWZ, the state-of-the-art AI-driven Hyperlocal News App! With an unwavering commitment to delivering unparalleled accuracy and authenticity, this innovative app is poised to redefine our interaction with local news.

    Through seamless integration of advanced AI technology, PINEWZ, by Zee Media Corporation Limited, will change the news consumption experience, promising citizens news precision and reliability that transcends conventional standards. It provides professional journalists with a platform to create online profiles and share impactful stories and videos, connecting directly with a local audience. This innovative Hyperlocal application is set to redefine our interaction with local news, promising unparalleled accuracy and authenticity tailored to your specific location using a unique PIN code delivery system.

    PINEWZ employs a cutting-edge combination of blockchain technology, AI, and expert human moderation, ensuring a comprehensive approach to news delivery. This app also promises to take a proactive stance against misinformation, fake news, and deepfakes in the news sphere. Its content distribution model prioritizes speed and reliability, employing rigorous analysis of hyperlocal images, videos, and text to cross-reference facts. The Human Moderation Dashboard adds a final layer of verification, making PINEWZ the epitome of trustworthiness in hyperlocal news delivery, all precisely tailored as per your unique PIN code.

    Emphasizing on the purpose-driven nature of the launch, Zee Media Corporation Limited spokesperson highlighted, “At PINEWZ, we seamlessly integrate cutting-edge AI with the art of human storytelling to craft a unique experience. Beyond being a mere app, we stand as your community’s storytellers, where diverse voices – ranging from everyday individuals to seasoned journalists. Picture a space where these local perspectives intertwine, offering a personalized narrative curated as per the users’ PIN code. We’re not just transforming how news is delivered, but look forward to elevating it into an art form. Join us on this journey, and together, let’s capture the authentic essence of your community as it unfolds in real time.”

    In a world where information is abundant, PINEWZ stands as a beacon of accuracy, authenticity, and community-centric news delivery. Setting itself apart with an advanced AI-powered content verification system, it will cater to diverse stakeholders such as content creators, citizens, advertisers, local governments, and communities, the app provides a personalized news feed tailored to each user’s location and preferences.

    Visit the PINEWZ site here– https://bit.ly/42ayo00

  • Zee Media and Greenply unite to honour craftsmen

    Zee Media and Greenply unite to honour craftsmen

    Mumbai: In a momentous collaboration that amplifies the essence of creativity and recognition, Zee Media Corporation Limited joins forces with Greenply to present the highly anticipated Season 2 of the Hindustan Ki Shaan Awards, 2024. This joint endeavour is a shared commitment to pay tribute to the skill and dedication of carpenters and contractors, shaping the aesthetics of our living spaces. The event will be telecasted on Zee Media channels along with its digital properties.

    Stepping boldly into the digital age, Zee Media Corporation Limited, in collaboration with Greenply for Hindustan Ki Shaan Awards Season 2, is not only primed to unveil a grand celebration of craftsmanship but also dedicated to amplifying this spectacle across the digital landscape. In the contemporary hub of connectivity, Zee Media Corporation Limited looks forward to orchestrating a meticulously curated promotional extravaganza.

    Through strategically shared stories and showcases of the extraordinary creations by carpenters and contractors, their talent is poised to resonate widely. This digital facet of the collaboration adds a dynamic layer, underscoring that Hindustan Ki Shaan Awards Season 2 transcends traditional boundaries, offering an immersive and inclusive experience. Central to Season 2 is the release of the official anthem, ‘Humein Aage Badhna Aata Hai’, a soul-stirring composition by the legendary Padma Bhushan awardee, Shri Udit Narayan. Composed by the highly acclaimed Nilotpal Bora, the anthem serves as a lyrical celebration of the indispensable role played by carpenters in shaping the spaces we call our own.

    Greenply Industries VP of Marketing Yatnesh Pandey speaks on the essence of the awards, stating, “Hindustan Ki Shaan (HKS) Awards is an immersive tribute to the carpenter & contractor community, the heartbeat of the interior design industry. Through various programs, we engage, support, and upskill them. With HKS, our endeavour is to recognise the immense talent of the carpenter community and give them a platform to showcase their craftsmanship.”

    Echoing this sentiment, Zee Media Corporation Limited marketing head Anindya Khare highlighted, “Our partnership with Greenply for Hindustan Ki Shaan Awards Season 2 is more than a collaboration; it’s a collective effort to recognise and honor the craftsmen whose hands create the magic within the walls of our homes. This collaboration is a testament to our joint commitment to fostering an environment that appreciates and applauds the artisans behind the scenes.”

    To know more about the Hindustan Ki Shaan Awards, visit: https://www.greenply.com/hindustan-ki-shaan-awards

     

     

  • ‘RISE: Marathwada ‘ to air on Zee 24 TAAS

    ‘RISE: Marathwada ‘ to air on Zee 24 TAAS

    Mumbai: Zee 24 TAAS is poised to bring viewers its extraordinary event of ‘RISE: Marathwada’, on Saturday – 30 September at 4:30 pm. This program is a tribute to the indomitable spirit of entrepreneurs who are spearheading innovation and development, redefining the business landscape in Marathwada and beyond. It underscores the commitment of both the central and state governments to propel Maharashtra, with a particular focus on the Marathwada region, towards a brighter future.

    The industrial growth in Marathwada, especially in Aurangabad, has been instrumental in driving economic prosperity and creating job opportunities. The diverse industries here have also led to improvements in infrastructure and urban development, experiencing innovative solutions that address local requirements while also appealing to global markets. ‘RISE: Marathwada’ has been a crucible of ideas and insights, featuring enlightening discussions led by industry luminaries and policymakers on pivotal subjects like infrastructure development, real estate growth, agriculture, and more.

    The  ‘RISE: Marathwada ‘ was graced by the presence of distinguished guests, including Hon. Bhagwat Karad, Minister of State for Finance, Government of India, and Hon. Uday Samant, Minister of Industries, Government of Maharashtra, Hon. Atul Save, Minister of Housing, Govt of Maharashtra, Hon. Sandipan Bhumare, Minister of Employment Guarantee & Horticulture, Govt of Maharashtra, who shared their valuable insights and visions for the region’s development. Hon. Bhagwat Karad, Minister of State for Finance, Government of India, highlighted, “The Indian government is setting ambitious goals for the advancement of the Maharashtra state, with a special focus on the Marathwada region.” Additionally, Hon. Uday Samant, Minister of Industries, Government of Maharashtra, expressed the desire for the industrial development of Maharashtra to be conducted in a cost-effective manner across all regions of the state.

    Highlighting the success of the event, Zee24 TAAS editor Nilesh Khare highlighted, “Hosting the ‘RISE: Marathwada’ event in Aurangabad, a city where historical charm harmoniously coexists with industrial advancement, emphasizes its role as a vibrant center for forward-thinking entrepreneurs. We are really thrilled by the overwhelming response to the Marathwada Edition. We are deeply grateful to our viewers and partners for their unwavering support in making this event a grand success.”

    “At Zee Media Corporation Limited, we are committed to being a catalyst for positive change. ‘RISE: Marathwada’ exemplifies our dedication to showcasing the transformative power of entrepreneurship and regional development,” added Zee Media Corporation Limited CEO Abhay Ojha.

    Co-presented by MIDC, the ‘RISE: Marathwada’ was powered by Rajasthani Multistate Co-Operative Credit Society Ltd and its associate sponsors were  Dr. Chate Homeopathy & E Agrocare Machineries & Equipment Pvt Ltd.

  • Zee24 TAAS to telecast ‘RISE: Udyog Bhushan’ on 10 September at 4:30pm

    Zee24 TAAS to telecast ‘RISE: Udyog Bhushan’ on 10 September at 4:30pm

    Mumbai: In a resounding testament to the vibrant entrepreneurial spirit of Maharashtra, Zee24 TAAS is set to telecast the much-anticipated ‘RISE: Udyog Bhushan Program’ on 10 September at 4:30 pm. The widespread viewers of Zee24 TAAS will witness an unwavering dynamism and remarkable accomplishments of visionary entrepreneurs, painting a vivid picture of the resurgent entrepreneurial landscape in the state.

    Recent years have witnessed an unprecedented surge in startup ventures across southern Maharashtra. Through the ‘RISE: Udyog Bhushan’, Zee 24 TAAS celebrated the accomplishments of these outstanding individuals and provided an inspiration-driven platform for collaboration. It also served catalyst for enriching conversations, enlightening discussions, and uniting visionaries, industry mavens, and curious minds eager to learn and innovate.

    ‘RISE: Udyog Bhushan’ witnessed the presence of Uday Samant, Minister of Industries, Maharashtra Industry stalwarts representing various sectors, Udyog Ratna, Udyog Mitra Udyogini, Outstanding Marathi Entrepreneur was an inspirational figure for the attendees of ‘RISE: Udyog Bhushan. Sanjay D. Ghodawat, Founder and Chairman, Sanjay Ghodawat Group (SGG), also passed on the wisdom of the importance of acknowledging weaknesses and challenges and converting it into strength.

    According to Zee24 TAAS editor Nilesh Khare, “Fostering a culture of innovation, leadership, and inspiration is at the heart of Zee24 TAAS. Through the ‘RISE: Udyog Bhushan Program,’ we’ve uncovered the remarkable journeys of young executives and entrepreneurs reshaping the regional business landscape and leaving a lasting global footprint. Kolhapur, known for its entrepreneurial spirit, offers abundant opportunities in traditional craftsmanship, agro-based industries, and emerging sectors like technology and healthcare. With the pioneering RISE: Udyog Bhushan initiative, we stand by those in Kolhapur who are leading innovation, driving change, and setting new benchmarks for the region.”

    Zee Media Corporation Limited CEO Abhay Ojha further added, “Initiatives like ‘RISE: Udyog Bhushan is a powerful testament of our commitment to spotlighting the outstanding contributions of these individuals who are reshaping industries and uplifting communities. Zee Media Corporation Limited remains steadfast in the mission to champion and amplify these extraordinary stories.”

    The ‘RISE: Udyog Bhushan Program’ also received invaluable support from esteemed E V Charging Partner – Nikol EV, associate partners, including D Y P Group, Sainath Multistate Co-operative Credit Society Limited, Nero Industries, Supreme HR Consultants Private Limited, and Pitambari Agricare Division, Hospitality Partner Hotel Pearl, whose collaboration played a pivotal role in making this event a resounding success.

  • Zee News achieves extraordinary feat with Chandrayaan-3 landing news reportage

    Zee News achieves extraordinary feat with Chandrayaan-3 landing news reportage

    Mumbai: In a monumental achievement, Zee News, has once again established itself as the indisputable frontrunner in news reportage by attaining a remarkable milestone of record-breaking 3.9 million viewership across all digital endpoints, including Connected TVs and mobile phones across various applications (Source: Chrome Digital Track). This accomplishment underscores Zee News’ position as the No.1 news source for historic event coverage and solidifies its unwavering commitment to delivering accurate, timely, and comprehensive news to its viewers.

    This is the first time that a news channel has achieved the feat of more than 1 million concurrent viewers on YouTube. Amidst the fervor of the Chandrayaan-3 landing coverage reached, the news channel unprecedented heights, amassing a remarkable 1.8 million viewership and still counting on YouTube alone. The resounding impact of this accomplishment reverberated throughout the digital landscape, in comparison to its peers.  Aaj Tak followed closely with 1 million views, Republic Bharat with 0.4 million views, India TV with 0.2 million views, while TV Bharat Varsh, ABP News, and News18 India collectively amassed 168K views.

    Speaking about the extraordinary milestone, Zee News editor Rajnish Ahuja said, “At Zee News, we continue to deliver news that matters, and our extensive coverage of the Chandrayaan-3 event is a reflection of our commitment to this principle. This exceptional milestone achieved by Zee News is a testament to the unwavering trust and connection Zee News has established with its audience. Our viewers’ unwavering faith in us propels us to continually elevate the standards of journalistic excellence.”

    Zee Media Corporation Limited CEO Abhay Ojha further expressed his elation, saying, “We are immensely proud of this milestone, which serves as a stepping stone for even greater accomplishments on the horizon. I extend my heartfelt appreciation to each and every team member of Zee News who played a crucial role in helping us achieve this milestone. Our commitment to innovation, inspiration, and pushing the boundaries of creativity remains unwavering. The faith our audience has bestowed upon us is both an honor and a responsibility that we shall continue to uphold.”

    The captivating coverage of this historic event has truly gripped the nation’s attention, affirming Zee News’ prowess in engaging and informing the public.

    Zee Media Corporation Ltd, one of India’s leading media companies, has a strong presence in the news and regional genres, with 16 news channels in seven different languages, reaching more than 528+ million viewers through its linear and digital properties.

  • Despite revenue drop ZMCL EBITDA up in FY 2020

    Despite revenue drop ZMCL EBITDA up in FY 2020

    BENGALURU: The Essel Group’s News media arm Zee Media Corporation Ltd (ZMCL) reported an eight percent decline in revenue from operations to Rs 631.75 crore for the year ended 31 March 2020 (FY 2020, year or period under review) as compared to Rs 686.92 crore reported for the previous year FY 2019. ZMCL reported a loss of Rs 1.6 crore for FY 2020 as compared to a loss of Rs 0.03 crore for the previous year.

    Due to provision for impairment loss to the extent of Rs 332.92 crore for its entire investment of non-convertible and non-cumulative redeemable preference shares in respect of its investments in Diligent Media Corporation, the company reported a negative total comprehensive income (TCI) of Rs 272.72 crore for the year under review as compared to a negative TCI of Rs 6.35 crore for the previous year.

    ZMCL’s EBITDA for FY 2020 increased 5.1 percent to Rs 182.5 crore (28.5 percent of operating revenue) as compared to Rs 173.64 crore (24.9 percent of operating revenue) for FY 2019.

    Operating revenue break up

    More than 90 percent of ZMCL revenue was advertisement or ad revenue during the year under review. Ad revenue for FY 2020 declined 5.3 percent to Rs 583.5 crore (92.4 percent of operating revenue) from Rs 616.13 crore (89.7 percent of operating revenue) in the previous year. Subscription revenue for the period under review declined 19.5 percent to Rs 38.16 crore (6 percent of operating revenue) from Rs 47.37 crore (6.9 percent of operating revenue) in the previous year. Other sales and services revenue decreased 56.9 percent in FY 2020 to Rs 10.09 crore (1.6 percent of operating revenue) from Rs 23.4 crore (3.4 percent of operating revenue) in FY 2019.

    Let us look at the other numbers reported by ZMCL

    ZMCL’s total expense in FY 2020 declined 4.3 percent to Rs 561.23 crore from Rs 586.68 crore in the previous year. Operating costs in FY 2020 declined 3.7 percent to Rs 109.52 crore from Rs 113.77 crore in FY 2019. Employee benefits expense for FY 2020 increased 4.7 percent to Rs 159.41 crore from Rs 1522.19 crore in FY 2019. Finance costs in the period under review increased 33.3 percent to Rs 24.01 crore from Rs 18.01 crore. Marketing, distribution and business promotion expenses in FY 2020 declined 35.8 percent to Rs 52.41 crore from Rs 81.61 crore in the previous year. Other expenses during the year under review declined 22.8 percent to Rs 127.91 crore from Rs 165.71 crore.

  • ZMCL’s consolidated revenue stands at Rs 155.91 crore in Q3 FY20

    ZMCL’s consolidated revenue stands at Rs 155.91 crore in Q3 FY20

    MUMBAI: Zee Media Corporation Ltd (ZMCL) on Thursday reported consolidated revenues of Rs 155.91 crore for the third quarter of FY 20 while the network incurred expenditure of  Rs 105.04 crore in the quarter.

    In the third quarter, the network reported Rs 50.87 crore EBITDA with 12.3 per cent year-on-year decline. ZMCL’s advertising revenue fell by 18.1 per cent year-on-year standing at  Rs 143.74 crore. Moreover, subscription revenue fell by 25.1 per cent year-on-year standing at 9.74 crore. Operating Expenditure reduced by 22.9 per cent year-on-year to Rs 105.04 crore.

    The 14 news channels of ZMCL comprising one global, three national and ten regional channels together continued to be one of the largest TV news networks in the country and reached more than 293 million viewers.

    Zee News, the network's flagship news channel, continued to engage the audience with pertinent and ground-breaking content and enjoyed the second-highest average time spent by viewers across the Hindi news genre.

  • ZMCL reports consolidated revenue of Rs 1,370.3 mn in Q2

    ZMCL reports consolidated revenue of Rs 1,370.3 mn in Q2

    MUMBAI: Zee Media Corporation Ltd (ZMCL) reported consolidated revenues of Rs 1,370.3 million for the second quarter of FY 20. The Network incurred an expenditure of Rs 1,000.1 million in the quarter and reported a consolidated net loss of Rs 1264.6 million for the second quarter ended September 30, 2019 on account of exceptional items.

    “During the quarter, the network expanded its footprint s into Southern India through the launch of Zee Hindustan in Tamil and Telugu languages. This is intended to make the network's content accessible to wider audience,” ZMCL said on a statement.

    Operating revenue of the network grew by 4.4 per cent to Rs. 3,376.9 million in the first half of FY20 from Rs. 3,233.5 million in the first half of FY19. However, it declined by 18.8 per cent to Rs 1,370.3 million in Q2FY20 from Rs 1,686.6 mn in Q2FY19 .

    Operating expenditure in Q2FY20 reduced by 21.7 per cent to Rs 1,000.1 million from Rs 1,277.9 million in Q2FY19, while reducing by 4.8 per cent to Rs 2,347.9 million in the first half of FY 20 from Rs 2,466 million in the first half of FY19.

    “EBITDA for HlFY20 improved by 34.1 per cent to Rs 1,029 million from Rs 767.5 million EBITDA for H1FY19, while the same declined by 9.4 per cent to Rs 370.2 million from Rs 408.7 million for the corresponding period last financial year. EBITDA Margin grew from 23.7 per cent in H1FY19 to 30.5 per cent in HlFY20, while growing from 24.2 per cent in Q2FY19 to 27 per cent in Q2FY20,” the company said in a statement.