Tag: Zeel

  • Locally nuanced shows help to bring in relevance from an Indian context: ZEEL’s Kartik Mahadev

    Locally nuanced shows help to bring in relevance from an Indian context: ZEEL’s Kartik Mahadev

    MUMBAI: Hollywood has always enjoyed a passionate fanbase in India which only grows by leaps and bounds with each passing year. Today, Hollywood movies aren’t just for the English-speaking audiences living in metros as we see movie enthusiasts in Bharat and India with the same level of passion and connectedness as the global fan following. The &flix study, ‘Hollywood is for everyone,’ explores how Hollywood enjoys a universal appeal in India, and gives an insight into the lifestyles and mindsets of movie buffs. 

    ZEEL premium channels business head Kartik Mahadev said that the research has helped the channel to curate its offerings like &flix’s fastest to television premieres, which reduce the theatre-to-TV wait time by half, along with the multi-language block ‘Flix for all’.

    The study also disclosed that Hollywood’s entertainment quotient fares better than Bollywood / regional? Does this mean brands indulge more in premium content?

    Mahadev highlighted that Hollywood viewers are brand conscious and in-sync with the latest trends. They seek new experiences and crave adventure. Said he: “For these consumers seeking a badge-value with something aspirational, Hollywood forms the ultimate getaway. With its sophisticated visual effects, unique concepts and aspirational characters, today Hollywood’s fandom in India cuts across languages and cultures and is not just limited to the English-speaking consumers in the metros.”

    The &flix study also revealed that 80 per cent Hollywood enthusiasts admitted that brands placed in the movies / intermittent TV ads influence their purchases. Mahadev revealed that for its customers, English content on television provides youth-focused brands and premium brands the opportunity to associate with a premium subscriber base.

    “Recently, for the premiere of Jumanji: The Next Level on &flix and a simulcast in Hindi on Zee Cinema, we successfully reached a wider audience by providing access through language. Some of the most reputable brands came on board as partner for the property on &flix such as Kia Motors, Ariel, Amazon, Airtel 4G, Xiaomi, Protinex and ITC, along with Bingo Potato chips, Hyundai Creta, Behrouz Biryani, Bharat Matrimony and Cinthol onboard for the Hindi simulcast. The premiere garnered an overwhelming response, taking it to the next level with a whopping 34 million reach, making it one of the biggest premieres in the last 12 months,” he shared.

    Since its launch two years ago, &flix has challenged the English movie genre codes in addressing fan experience on television. According to Mahadev, ‘Ticket to Hollywood’ broadens access to Hollywood movies across the country, bringing movies closer to fans while creating value for brands who want to engage with the ardent audience across regions. The pan-network property will see Hollywood’s latest and top-rated movies dubbed in regional languages premiere across Zee channels like &PrivéHD, Zee Café, &Pictures, Zee Thirai, Zee Cinemalu, Zee Punjabi, Zee Biskope, Zee Talkies, Zee Picchar, Zee Sarthak and Zee Bangla Cinema. In addition, the channel’s flagship property ‘Flix superheroes’ featuring the latest superhero hits will begin airing in November.

    For the launch of ‘Ticket to Hollywood’ the channel has adopted a robust 360-degree campaign approach across platforms like DTH, digital, TV and trade. The network has leveraged social media to drive communication around the premiere of Bloodshot in the essence of the languages across markets. High-impact promo films across Zee movie channels further brought the biggest festive offering on television alive.

    Mahadev added, "We have Colgate onboard as the presenting sponsor for the premiere of Bloodshot across 11 of our ZEE channels. Moreover, with the premiere across Zee English cluster we are thrilled to deliver value to not just our discerning viewers but also our customers and are pleased to have brands like Venky’s Purotein, HUL (Lifeboy), KIA, TVS, Amazon, Sprite and Kelvinator onboard for the premiere.

    English GECs have always faced the ‘acquired’ versus ‘original local content’ dichotomy. It is believed that English GEC channels can earn higher ad revenue from their original programs. But the question arises why the channels have not yet experimented with local content.

    Mahadev opined that original programming with locally nuanced shows does help bring in relevance from an Indian context. While marquee international shows bring the best of the world to its viewers, locally produced content allows the broadcasters to add a new dimension from the Indian point of view. Said he: “Being the pioneers when it comes to original programming with India’s first-ever English fiction show Bombay Talking, Zee Café brought in relevance with content that is locally nuanced for the Indian viewer. What followed was the introduction of successful properties such as Look Who’s Talking with Niranjan, Not Just Supper Stars and Starry Nights that truly added a unique flavour to Zee Café’s wide repertoire of content.”

    He pointed to Zee Café's recently launched first-ever original production Dance With Me featuring celebrity dance experts Shakti Mohan and Mukti Mohan. The show adds to the merriment of the festive season coupled with a unique and interactive format via exciting weekly hook step challenges. The series is co-powered by Loreal Paris extraordinary oil serum & Jeevansaathi.com, cosmetic partner Dazzler Eterna with special partners Yamaha Fascino 125 Fi and Only Natural Diamonds.

  • Zeel provisions for outstanding Siti Networks dues

    Zeel provisions for outstanding Siti Networks dues

    KOLKATA: The outstandings of Siti Networks and Dish TV has been one of the major concerns for Zee Entertainment Enterprises Limited (Zeel). While the DTH platform Dish TV is making payments on the line of the revised plan for recovering dues, Siti Networks has failed to play old subscription overdues.

    During the Q2 earnings call of ZeeL, MD & CEO Punit Goenka said that the company has collected the receivables related to revenues in the first half of FY 21 from the cable network. But it has failed to pay subscription overdue in accordance with payment plan agreed earlier due to various challenges including Covid2019, the pressure to prioritise lender’s payments, Goenka added.

    As Siti Networks has made payment for all content delivered during April-September, this cash and carry model will be continued going forward. But as it has failed to pay old outstandings, ZeeL has taken a provision of Rs 81.2 crore towards subscription receivable which was overdue. Goenka emphasised that the company has not written off any debt and it would make all endeavours to recover the dues.

    “Further on account of accelerated payment grievance by some of the lenders due to delay in restructuring by Siti Networks and their failure to negotiate extended repayment plans, the company has provided for extra liability of Rs 97 crore as of 30 September 2020. The provisions have been taken as a provisional  measure and company will take necessary efforts s to recover this due,” Goenka commented.

    On the other hand, Dish TV has been able to cope up with the new payment plan as its financial position has improved. The DTH operator is paying its monthly billing along with clearing a part of its arrears. Currently, Dish TV’s outstanding stands at Rs 4. 98 bn compared to Rs 5.84 bn at end of FY 20. Moreover, Goenka stated the company expects that Dish TV will accelerate payments leading to reduced arrears.

  • ZEEL Q2: Ad revenue recovers, ZEE5 drives subscription revenue growth

    ZEEL Q2: Ad revenue recovers, ZEE5 drives subscription revenue growth

    KOLKATA: Zee Entertainment Enterprise Ltd (ZEEL) has reported operating revenue of Rs 1,727.7 crore for Q2 FY21. The broadcaster’s advertising revenue stood at Rs 902.8 crore and domestic revenue has grown by 10.6 per cent to Rs 800.3 crore.

    The company has witnessed a massive decline of 77.2 per cent in profit after tax to Rs 94 crore from Rs 413.2 crore compared to corresponding quarter last year.

    While the domestic subscription revenue has grown by 2.3 per cent year-on-year, it has been primarily driven by an uptick in ZEE5 subscription revenues. Advertising revenue has started recovering, as the number declined by 26 per cent compared to 66 per cent in Q1.

    The network which commands 19 per cent of all India entertainment share in Q2 claims to have made a strong rebound in ratings across the markets with the resumption of original content.

    Its digital arm ZEE5’s global MAUs and DAUs stood at 54.7 million and 5.2 million respectively in September. ZEE5 users spent an average of 152 minutes per month on the platform, which has grown by 36 per cent quarter-on-quarter.

  • 7 in 10 Indian movie buffs enjoy dubbed Hollywood films: Study

    7 in 10 Indian movie buffs enjoy dubbed Hollywood films: Study

    NEW DELHI: 70 per cent of Bollywood and regional movie fans enjoy watching dubbed versions of Hollywood films, a study by &flix and Nielsen has revealed. However, these viewers also face the problem of having limited options of movies in their preferred language. 

    The study titled ‘Hollywood is for everyone' interviewed 1500+ movie lovers in metro and non-metro cities and analysed consumer preferences, attitudes and behaviours, giving an insight into the lifestyles and mindsets of movie buffs in India. The findings reveal how Hollywood blockbusters and heroes act as a gateway for viewers to unlock unlimited possibilities.

    The study further revealed that nine in ten movie lovers watch both English and Hindi/regional movies. When it comes to entertainment quotient, 91 per cent viewers prefer Hollywood flicks, because they have better power-packed action sequences and special effects.

    An interesting fact that came to light is movie lovers stating that television is their preferred choice to experience Hollywood. 88 per cent respondents claimed that Hollywood VFX and superhero stunts are better enjoyed on TV than smartphones.

    The study highlighted how viewing habits have changed as a result of the pandemic – 82 per cent respondents stated that TV viewing came closest to the big screen experience amid the lockdown. Moreover, 81 per cent of movie lovers found Hollywood films to be a great way for family bonding during these tough times.

    Movie buffs also demand instant gratification. As per the study, eight out of ten respondents expressed displeasure in waiting for months before their favourite Hollywood films are screened on Indian TV channels.

    The study also pointed out key characteristics of Hollywood enthusiasts – they earn 1.5x more than Bollywood/regional movie admirers, have a stronger presence on social media, and are brand-conscious individuals who seek new experiences.  

    ZEEL premium channels business head Kartik Mahadev said, "In the hyper-connected world we live in, Hollywood is closer to our homes and hearts now than ever before. Today, Hollywood movies aren’t just for the English-speaking audiences living in metros as we see movie enthusiasts in Bharat and India with the same level of passion and connectedness to the global fan following. This &flix study delves deeper into the mind of the movie fan and explores their culture that is fully immersed into the movie universe."

    Drawing inspiration from the findings, Zee has recently announced a pan-network property 'Ticket to Hollywood' that brings the latest Hollywood movies in dubbed languages across Zee's leading movie channels.

    Zee chief consumer officer Prathyusha Agarwal said, "At Zee, we have always recognized the diversity of the cultures and people that exist within India. The findings from the &flix consumer study are proof that Hollywood aficionados are spread across the 'many Bharats' today. They seek new experiences and have their finger on the pulse of the latest trends. By offering a 'Ticket to Hollywood' to these passionate fans, we at &flix continue to win in the many Bharats that coexist."

  • ZEE Entertainment announces strategic restructure of organization

    ZEE Entertainment announces strategic restructure of organization

    MUMBAI: ZEEL has announced a strategic restructuring of the organization in line with its  ‘ZEE 4.0 Strategy’. As part of the restructure, the company has brought in Rahul Johri as president – business, South Asia. He will be responsible for leading the integrated revenue and monetization team.

    In other key shuffles in the top leadership, ZEE has elevated CEO (broadcast) Punit Misra to president – content & international markets, while Amit Goenka will take over as the president – digital businesses & platforms. These changes are effective immediately.

    Tarun Katial, who is leading ZEE5 India business, will continue to report to Amit Goenka. Shariq Patel will be responsible for the integrated movies business and Anurag Bedi will continue to drive the music business. All of them will report to ZEEL MD & CEO Punit Goenka.

    Under ‘ZEE 4.0 Strategy’, the company will integrate all of its digital assets under a single umbrella, which includes ZEE5 (Domestic AVOD+SVOD), ZEE5 Global, SugarBox and Digital Publishing.

    In this new version of the company, its focus will be on reinventing the existing business models, maximizing its core, expanding into adjacent spaces and exploring new areas of business. To this end, it has announced the following strategic steps:

    • Aggregating content creation: Creating extraordinary entertainment content has always
    been the key area of focus for the Company. In order to build viewer stickiness, the company has been sharply focusing on enhancing viewer intimacy, capturing & embedding sociocultural insights and the finer nuances of the local languages & customs in its content creation process. Customer centricity has been the key to the Company’s success in delivering rich, meaningful and engaging content. A ‘content first, cluster centric’ framework, is enabling ZEE to take the content creation process, closer to its viewers. This approach aims at leveraging the company’s strengths in regional clusters, improving content production efficiencies, enhancing consumer insights and most above, delivering better and more cost-effective content across platforms. Hence the company has formed an integrated content team, responsible of creating and serving content to its viewers across linear & digital platforms.

    • Streamlining International Business: The Company has been entertaining viewers in over 190 countries across five clusters viz. APAC; MENA; Africa; Europe and North America. With its rich experience garnered across the globe, the Company has developed a deep level of understanding of each market. The linear (Advt./Distribution) and digital (AVOD/SVOD) teams in the international markets will be integrated into a single team, led by the market revenue leader who will be responsible for maximizing the revenues across all formats (Linear/Digital) and revenue streams. The integration will also enable each international cluster leader to craft a local-market aligned approach. With this integrated approach, the Company aims to maximize revenue and drive content monetization, by optimally capitalizing the opportunities presented in the international markets.

    • Integrating digital assets: The company has been substantively investing in building its digital ecosystem, given its strategic importance for future growth. While TV continues to grow in the country, digital viewership is growing at a frenetic pace, with large number of viewers adding digital to their existing formats of content consumption. In order to drive greater synergies across technology, data and talent, which are the three critical determinants of success in the digital ecosystem, the company will be bringing together all of its digital assets under a single umbrella, which includes ZEE5 (Domestic AVOD+SVOD), ZEE5 Global, SugarBox and Digital Publishing.

    • Movies Business: The Company will be combining the different parts of its movies business which are currently embedded in multiple domains, into a single integrated platform. This team will be responsible for both aspects of the value chain – movie purchase/production as well as monetization, across all markets (Domestic & International). Driving better line of sight through an integrated approach, this revised framework will substantially enhance the effectiveness of the company’s movies business.

    • Music Business: The company’s music business has gained substantial traction and it will continue to invest and grow this business to achieve market leadership.

    • Integrated revenue & monetization team: The company will be creating an integrated revenue and monetization team, combining all the existing B2B revenue generating teams (linear advertisement, sales, digital advertisement sales, distribution and B2B SVOD Partnerships) into a unified ecosystem. With this revised framework, the Company aims to drive a more synergized monetization engine that will deliver enhanced solutions to its clients, improve wallet monetization, extend coverage to small and medium enterprises (SMEs) and increase subscriber penetration across linear and digital formats.

    “ZEE 4.0 will be an integrated and synergise organization, with a sharp focus on delivering world class entertainment content to our consumers across the world and enhanced value to our partners across the ecosystem,” said ZEEL MD & CEO Punit Goenka in a press release.

    “I am most certain that the collective experience and expertise of the leadership team will help us immensely in achieving our set goals for the future and realize the vision chalked out for the all new version of ZEE,” he added.

  • ZEE Entertainment donates 10 ambulances, PPE Kits to Andhra Pradesh

    ZEE Entertainment donates 10 ambulances, PPE Kits to Andhra Pradesh

    MUMBAI: In line with its national level CSR drive against Covid2019, ZEE Entertainment Enterprises Ltd (ZEEL) has donated a fleet of ambulances and 4,000 PPE kits to the state of Andhra Pradesh.

    The state’s minister of transport and I&PR Perni Venkataramayya, APIIC chairman R.K. Roja, YSR Arogya Sri Health trust CEO Mallikarjuna, YSR Arogya Sri Health Trust additional CEO B. Rajasekhar Reddy were present when the fleet of ambulances and protective equipment were handed over.

    ZEE managing director and chief executive officer Punit Goenka said the company was committed to provide strong support to the Andhra Pradesh government in its fight against Covid2019, with a key focus on strengthening the overall healthcare infrastructure. “We sincerely hope that the donated healthcare requirements will further enable the state to address the challenges faced due to the ongoing pandemic and strengthen its overall healthcare ecosystem," he added.

    Venkataramayya appreciated Zee’s move to help the state by providing much-needed ambulances and PPE. “Also, I’m happy to know Punit Goenka and ZEE have helped other states in India as well with such contributions in strengthening their fight against COVID2019.”

    In its national level CSR drive towards enhancing the country’s healthcare infrastructure against Covid2019, ZEE had committed to donate 240+ ambulances, 46,000+ PPE kits, 90+ oxygen humidifiers and 6,00,000 daily meals. The donation to the state of Andhra Pradesh is in line with this CSR initiative.

    At a national level, ZEE has also financially supported over 5000 daily wage earners working directly or indirectly with the company. Further, 3400+ employees have contributed towards PM Cares Fund. The amount generated was matched by ZEE, and the collective proceeds were donated to PM Cares Fund.

  • Zee Entertainment launches its first lifestyle channel, Zee Zest

    Zee Entertainment launches its first lifestyle channel, Zee Zest

    MUMBAI: Zee Entertainment Enterprise Ltd (Zeel) launched its first lifestyle channel – Zee Zest, where one can unlimit life through its varied and comprehensive line-up of shows. The channel which has started from will present content that will be a perfect encapsulation of food, travel, lifestyle, home improvement, wellness, culture, and DIY to enable one to unlimit life straight from the confines of your armchair.  

    Zee Zest will bring unique offerings to the audiences as they meet our desi stars like chef Ajay Chopra, Rakesh Raghunathan, and our very own celebrity chefs – Pankaj Bhadouria, and Kunal Kapur through some highly engaging original shows like 100 per cent south Indian, India’s 50 Best Dishes, Ghar Sa Yummy – Swaad Familywala, Food Veda, and Meetha toh Banta Hai. Through these shows, the audience sets on a journey to shortlist India’s 50 best dishes with the host Ajay Chopra, witness stories of home cooks and what is cooked in a million Indian homes with chef Pankaj, and discover 100% South Indian dishes with the host Rakesh Raghunathan. Determine the importance and methods of adapting the age-old tradition of ayurveda into our modern-day lifestyle with host Kunal Kapur, while host Akanksha Khatri will take you all on an exciting journey to discover the emotion behind ‘Meetha toh Banta Hai’.

    The channel will also bring some highly popular global shows for the first time in India, like Anthony Bourdain Parts Unknown season five, Jaime: Keep Cooking & Carry On, Far Flung with Gary Mehigan, MasterChef Australia – season 9, MasterChef USA Junior season five, and much more across various genres. Late Anthony Bourdain, the famous American celebrity chef, author, journalist, and travel documentarian, traveled across the globe to uncover little-known areas of the world and celebrated diverse cultures through his show. Jamie Oliver shows some incredible recipes, tips and hacks, specifically tailored for the unique times we're living in, through Jamie: Keep Cooking & Carry On. The portfolio of international shows on this channel will be newfound in India. While the international shows will give a perspective for global offerings, the original shows are a self-reflection of the audience’s aspirations and interests.

    Zee Zest business head Amit Nair says, “Zee Zest is the promise of a new tomorrow with taking charge of life and experiencing newer journeys and amazing stories. Our carefully curated international shows and India originals will be an escape from the regular, a path to your aspirations, a catalyst to unlimit the horizon of your experiences. The diverse content across sub-genres with a homegrown appeal will entertain, lead to discovery, and will liven up every moment of the viewer with the intent to unlimit life itself. We hope to inspire our audiences to take up their own journeys of joy, creativity and breaking boundaries by adding Zest to their lives”

    Zeel north, west and premium channels cluster head Amit Shah says, “Zee has always created strong curated brands that cater to the diverse entertainment needs of the consumer. We have been market leaders with our offerings, the pioneers in setting trends when it comes to content creation. Zee Zest’s unique proposition of offering an enhanced experience with a TV & digital presence ensures we engage with our viewers across all relevant touchpoints and are also able to provide more value to the advertisers with platform agnostic solutions. Zee Zest will capture the consumers’ mind space by offering the best of lifestyle content with shows that not only entertain but educate and add value to our viewers’ lives.”

    Zee Zest will be a 360-degree platform and will reach the audience via TV, internet, events, and social media. While TV will bring interesting content, the social media platform will provide as a means to make it happen. Stay tuned as the web platform and events will become the two-way communication channel between the audience and the brand. With various recipes, itineraries for road trips, DIY hacks, articles on interesting cultural and historical facts will bring the audience a step close to the life they have always hoped to explore. To sum it up, unlimit life by joining Zee Zest to imagine and experience some of the never seen before, heard before ideas and stories as the channel offers shows revolving around travel, food, culture, home decor, health, relationships and more along with some exclusive global content featuring for the first time in India.

    Zee Zest will be available across all major cable, DTH, and digital platforms starting from 1 October 2020. The channel will also be available on Zeel’s digital and mobile entertainment platform, Zee5.

  • ZEE FURTHER STRENGTHENS ITS FOOTHOLD IN MAHARASHTRA WITH THE LAUNCH OF ITS MARATHI MUSIC CHANNEL – ZEE VAJWA

    ZEE FURTHER STRENGTHENS ITS FOOTHOLD IN MAHARASHTRA WITH THE LAUNCH OF ITS MARATHI MUSIC CHANNEL – ZEE VAJWA

    Zee Entertainment Enterprises Limited (ZEEL) has announced its entry into the regional music space with the launch of its Marathi music channel – Zee Vajwa. The network boasts of an undisputed leadership in the Maharashtra market with Zee Marathi, Zee Yuva and Zee Talkies capturing 57%* viewership share.

    The brand believes in seizing every moment and living life to the fullest. Our purpose is to dial up each moment, thus providing a mono to dolby experience for the Marathi youth because ‘Kshaan Zingaat tar life Zingaat!’. This is aptly captured in our tagline – Zee Vajwa, Kshann Gaajwa.

    The channel promise will be brought alive through the content offering of 3000+ playlists and a music++ experience for the viewer with many category firsts that amplify moments & create various mahauls through the day.

    Speaking on the launch, Ashish Sehgal, Chief Growth Officer, ZEEL said, “As an organization, we have gained in both viewership & revenue due to our diverse portfolio across markets. And, believe in constantly strengthening our product portfolio keeping the customer at the centre thereby adding value to all our stakeholders. Our dominant position across markets echoes our customer-centricity. Our growing viewership and revenue share in Maharashtra is a reflection of our successful journey so far. Our objective has always been to provide holistic surround to our consumer/customer & in Maharashtra, with Zee Vajwa, we see an opportunity for us to not only strengthen our Music cluster but further gain viewership/revenue shares as well. We are excited to dial up the impact for advertisers this festive period.”

    Commenting on the much-awaited launch of its first regional music channel, Prathyusha Agarwal, Chief Consumer Officer, ZEEL said, “We win hearts across many Bharats by creating content brands that are deeply rooted in culture. All 4 regional channels that we launched last year broke into the top 3 in their respective categories within their launch month, with Zee Biskope rising to no. 1, and Zee Picchar & Zee Punjabi in the top 2*. We are the undisputed leader in Maharashtra with our GEC and movie channels and the launch of Zee Vajwa will be a celebration of our intrinsic bond with every Maharashtrian family, through music. Music on TV is perceived to play a passive background role in the consumer’s life. But in a country like India, a song becomes a chartbuster when it becomes an integral part of a celebration – such as Ganpati Visarjan, sangeet ceremony, etc. Music becomes an active way to enjoy, express and celebrate, creating an amplified mahaul (ambience). This externalized and shared culture of music is at the core of Zee’s music channel positioning. With Zee Vajwa we promise to dial up every moment for our viewers with a music++ experience, so that they live life to the fullest.”

    Vishnu Shankar, Business Cluster Head, &TV and Music cluster, ZEEL said, “We are extremely pleased to announce the launch of our first regional music channel, Zee Vajwa. Besides strengthening our regional portfolio, it is a great opportunity for us at ZEEL to offer content that connects so deeply with our consumers.

    Music has always been deeply ingrained in our Indian way of life and its traditions. To be able to offer a platform which allows our viewers to enjoy and connect over music that resonates with their specific culture and values, is deeply gratifying.”

    ZEE Vajwa will have an immersive visual experience never seen before in the regional music category with a design world inspired by the ‘volume dial’ that aptly brings alive our promise of ‘amplifying every moment’. Each element of the design – colors, characters, music symbols and our sonic identity have been created to ensure a deep seeded connect with the youth while being culturally relevant.

    The channel will have a stellar programming line-up which will include 3000+ music playlists created with a strong library of songs. One of the key differentiators would be experiential music slots with several category firsts which will truly amplify the moment for the audiences. The Marathi viewer is extremely proud of their culture and the channel will celebrate it by giving the youth a platform to voice their opinions and be heard. A category first, Zee Vajwa will also have a non-fiction show in the comedy genre.

    The logo of Zee Vajwa was unveiled with much fanfare by Marathi film industry stalwarts, Swwapnil Joshi & Siddharth Jadhav during the prestigious Zee Chitra Gaurav Puraskar 2020.

    Zee Vajwa is set to launch this October.

  • Zee goes into overdrive down south as festive season approaches

    Zee goes into overdrive down south as festive season approaches

    MUMBAI: Down south, leading Indian TV network, Zee Entertainment Enterprises Ltd (Zeel) is penning a new script in its run-up to the festive season.  When the Indian government announced the lockdown, it slammed the doors tight on the inflow of revenues for the whole economy – with the exception of a few sectors. Television channels, which are reliant on ad revenues from companies mesmerising consumers to go out and buy products through TVCs, in particular, felt the pain immediately. Even as bound-at-home India watched more and more television, advertisers turned off the advertising tap. Result: for nearly four months, and more, anywhere between 50-80 per cent of broadcast revenues disappeared poof into thin air.

    Broadcast executives have been working day and night – since the gradual lifting of the lockdown two months back – to get advertisers to spend more and pay more the advertising spots. Most of them are banking on the upcoming festival season to get them out of the hole they are in currently. Yes, they are expecting a spike but they are wise enough to know that it is going to lag behind the massive festive ad bumps they had in 2018 and 2019.

    Zeel, which was a very close number two in the viewership sweepstakes nationally (with its share of 21 per cent just behind Star’s 22 per cent) in the four weeks between week 32 and 35, has a very robust southern language business cutting across general entertainment and movie channels in Kannada, Telugu and Tamil. Like other networks, Zeel’s southern cluster  too  saw its revenues getting bashed, and has recently redone the programming for some of its channels and is planning to keep doing it even more in the forthcoming months.

    Please read more news on Zee South  

    “Consumer connect is at the heart of our business and every channel did their own understanding of consumers and picked up on viewership trends and emerging habits,” says ZEEL south business EVP & cluster head Siju Prabhakaran. “We used these learnings as insights during our return in each of the markets. Our channels therefore have made a strong comeback in each of our markets `backed with great content.”

    While southern viewers gorge on their local heroes and stories in each of their languages, they have also been open to consuming series from other languages and regions as long as they are dubbed. Prabhakaran, therefore, cross dubbed content from the different language networks and put the shows on air. And it worked: cross –pollination of good content with the language being the main facilitator has helped the network to retain its viewers.

    Zee Kannada and Keralam were amongst the first ones to start airing fresh episodes and fresh shows in June thanks to the fact that the governments of those states permitted TV productions to commence. With no new movies being released or produced, the new episodes came as a breath of fresh air for Zee Kannada, pole-vaulted it to leadership during prime time and in the non-fiction and fiction categories.

    Prabhakaran is looking at further strengthening Zee Kannada’s line up. Says he: “During the upcoming festive season, we have great offerings for our viewers, with our marquee property Zee Kudumba Awards and this weekend we are also launching comedy Kiladigalu. In addition, we launched a new season of SaReGaMaPa on Zee Kannada recently with 9.8 TVR. Zee Kannada has around 36 – 37 per cent market share.”

    Assessing the Andhra Pradesh and Telangana market, he points out that Zee Telugu, which was on a recovery path,  has emerged stronger during this time. Zee Telugu is the number one channel in Andhra Pradesh market within the GEC space. The channel launched 14 fiction shows in one single day. To announce its comeback, it  launched a brand campaign called “Vinodaniki Aahvanam” meaning “Welcoming back the entertainment” with brand ambassadors from its prime time shows.

    Zee Telugu is itching to launch its marquee property Zee Kutumba awards and bring on the world television premiere of Saaho and two new fiction shows during the upcoming festive season.

    Zee Tamil returned with fresh shows during the latter half of June. “In Tamil Nadu, the market was most affected in initial phases. However, post comeback we are a strong number two gaining slot leadership, two shows amongst the top five, and four shows amongst the top 10. It is also the number one channel in the prime-time slot and a leader in the fiction genre,” avers  Prabhakaran.

    Zee Tamil has an interesting line-up for the festival season with Zee Kutumba awards, world television premieres of interesting movies like Ennai Nooki Payum Thotta, Saaho. It is also launching two new fiction shows- Suryavamsam and Dr. Ambedkar – in the third week of September.

    The less than two-year-old Zee Keralam is also gaining ground, says Prabhakaran, with its 13 per cent share of Kerala market and new non-fiction show are  on the production floors, awaiting a flag off on the channel.

    Read more news on ZEEL  

    Its movie channels Zee Thirai in Tamil and Zee Picchar in Kannada were launched prior to lockdown and today occupy the number three (20 per cent share in Chennai; 17 per cent in urban markets) and number two slots. The Telugu movie channel Zee Cinemalu grew organically with the growth in movie watching during the lockdown leading to its market share increasing to 27 per cent from 22 per cent earlier.

    Shares Prabhakaran:  “Across southern markets, we have a great cluster story, as a network. Zee has 21 per cent share of the all India viewership and 1/3 of the viewership comes from the south cluster. The south region itself gained prominence. In times to come with the content line-up these would be a strong set of channels. Therefore, in terms of our festive plans- during October and November, all channels are doing three to five launches of their own in their own markets in fiction and non-fiction.”

    Prabhakaran expects all this action to translate into a rise of ad revenues. Says he; “We see September with the festival buoyancy push ad revenues up to November. With businesses coming back and retail outlets opening up, it presents a conducive environment for people to go out and shop given the general opinion that we can co-exist with the pandemic in the current situation till a vaccine is found. Therefore, we see the comeback of advertising as a positive sign.” 

    He asserts that July onwards ad-rates have been coming back on track and will only improve further in the coming months and possibly reach pre-Covid2019 levels. Post-Diwali he is expecting a steady increase in revenue.

    “When Onam came we did not know how it would turn out, but surprisingly in the last week of Onam things did pretty well. I wouldn’t compare it with the previous years, but it did reasonably well. For the past couple of years, Kerala has gone through a lot, but this year at least people could go out and shop,” he shares.

    Onam is the starting point of the festive season followed by Ganesh Chaturthi, Diwali, Dussehra, Christmas, and New Year. “Our content pipeline is testimony to the fact that we are looking at a very strong festive season,” he points out. “Also, there are a lot of categories, which did not advertise in Q1 and Q2. These have now postponed their media investments to Q3 and Q4. I think the festival is going to be the bigger recovery because if something gets to a point of inertia it needs a bigger push to bounce back.”

    Brands, which would have opted for print advertising or OOH, are now looking at television as a medium, he believes, because it's the fastest and best way to target the masses who are still bogged down at home. Automobile, telecom, e-commerce, real estate, edutech, and retail are the sectors, which are likely to go ballistic in the coming few months, giving a lift to economic activity. And in the process, hopefully, Zeel’s southern cluster.

  • Punit Goenka sets two prime goals for ZEEL in next few years

    Punit Goenka sets two prime goals for ZEEL in next few years

    KOLKATA: Over the years, Zee Entertainment Entertainment Limited (ZEEL) has ruled the Indian pay-TV ecosystem. A slowing economy, the arrival of new entertainment offerings along with challenges at the promoter level had compounded the difficulties for the network. But as they say “the show must go on”, ZEEL continued its operation without minimum interruptions. The network which has been always in the range of 16-18 per cent despite all hardships is now aiming to take over “one quarter” of the country’s viewership.

    A road to growth and recovery:

    During a session at MPA’S second leg of APOS 2020, ZEEL MD & CEO Punit Goenka spoke about the goals he has set for the next few years. It is no wonder that its rising digital business acquires a major space in its strategy where Goenka sees a potential of the 4x-5x rise in revenue in the next four years. But that is not overpowering ZEEL’s core strength i.e. domestic broadcast business. “My target in the next two-three years is that I want to own one-quarter of viewership of this country,” Goenka stated.

    The regional markets hold the potential to make ZEEL achieve this target. In many markets, ZEEL reaped the benefits of being an early mover. It has been able to get eyeballs in other markets too. Its newly launched Punajbi GEC channel made it to the top in terms of viewership in just three months. Goenka reiterated his belief in the regional market – “I do believe there is still room for the regional segment.”

    He is not very happy with its flagship channel ZEE TV’s performance lately. While Covid2019 has definitely bruised the business, he added that it had lost market share in the pre-pandemic period also. However, he emphasised that it is on its way to recovery and fairly optimistic about the next two quarters. Goenka is not only happy about its Hindi GEC channel but the recovery of the overall network in the same period, even for ZEE5’s advertising revenue. 

    “From my perspective, recovery in the advertising market has been reasonably good. I am pretty confident that from the next financial year, things will be back to normal and the country’s growth will fuel growth for advertising as well,” he stated. According to him, FMCG is at the forefront of advertising resurgence at this moment but going forward the advertising mix may change.

    Rebuilding ZEEL: 

    Amid debt issues of the promoter Essel Group, the last 18 months have not been very smooth. But Goenka said the company really never underwent that current. It was largely related to promoters and the financial crisis faced by them due to several market dynamics. 

    But he acknowledged that this phase was quite turbulent for him personally. “Being a part of the family it was my duty to take some of that burden and to share that and make sure we come out keeping our head held high. Because in the end,  the equity that we have built over being an entrepreneur for so many decades in the country can not be diluted by just one thing that happened. That took on me personally. But having come out of that last November, I have renewed the energy to come back to rebuild the glory that ZEE deserves,” he added.

    In late July, he laid out the roadmap for its new journey while clarifying it he is here to stay and lead the transformation in a letter to shareholders. Governance, granularity, growth, goodwill, and gusto are the five pillars of ZEE 4.0, he stated.

    The change and challenges in the ecosystem:

    One of the major issues, not less powerful than economic turmoil, the players in the industry are facing is regulatory changes. While his peers in the industry like Disney’s Uday Shankar earlier expressed the discontent over frequent change, Goenka reflected the same tone. 

    “Unfortunately, I don’t have much to talk about the regulator. Because I have not heard anywhere in the world regulation changes this frequently. Of course, it is the right thing to do in their wisdom. I believe when NTO 2.0 will be implemented. , the impact will be felt more by consumers than by content providers like us,” he added.

    “Its a function of fragmentation. At a time, we had only a national broadcaster that existed in this country and then came the time of private TV which was led by ZEE TV, and then a whole lot of people came into the market. Eventually, the market grows, and fragments. With the advent of new technologies, the market will further at best fragment and you will get smaller buckets of audiences. You are going to create content for a smaller bucket rather than creating for one size that fits all,” he commented on the overall ecosystem.

    The new bet:

    Well aware of the changes, ZEEL is trying to build a super app through ZEE5 to stay relevant. Where ZEE5 has already grown well in the domestic market on the back of local content, getting around 80 per cent revenue, from the country, it is now expecting to grow further in the west. ZEEL will soon shut the high-cost linear business in those markets and will deliver its content through ZEE5. The third or fourth generation diaspora audience who has lost connection to Indian content can come back to it through ZEE5. Taking ZEE5’s revenue up by four-five times in the next five years is his another major goal.

    With the new independent board, changes in the margin and cash-flow target, ZEEL is on the right track. But challenges overmount as deep-pocket international players target the Indian the market for the next phase of growth. Even the HBO Max can enter India in the next two-three years. The upcoming merger of Sony and Viacom18 will throw a challenge in the traditional broadcasting business as well as OTT. Hence, time will say how ZEEL achieves the targets that Goenka has in the mind.