Tag: Zeel

  • ZEE5 targets 20x-30x increase in subscription numbers in next one year

    ZEE5 targets 20x-30x increase in subscription numbers in next one year

    MUMBAI: To mark its first anniversary, ZEEL’s OTT platform ZEE5 recently announced plans to produce 72 new Originals on the platform by March 2020. Despite being part of a media and entertainment conglomerate, the super streamer continues to garner all the spotlight largely thanks to the effective progress it has made since launch. Despite being the last entrant into the high-stakes OTT battle, ZEE5 has not just carved out a unique identity for itself but has also turned into a force to be reckoned with.

    “This past year has been an enriching journey for each one of us who has been a part of it and being the fastest growing OTT platform in the country is testimony to the continual efforts of the team and support from our partners. Since our launch in February 2018, we have achieved milestones not just on the content front, but under multiple pillars including partnerships and technology. Our aim, through all our initiatives, has been to bring a seamless viewing experience for our subscribers, no matter where they are or what their preference is. The learnings have been immense, and from it we have emerged – stronger and bigger. In 2019, our aim is to outdo ourselves in terms of the concepts & shows and technology we drive through ZEE5 and the announcements today are proof that we are fully poised to take this on,” ZEE5 India CEO Tarun Katial recently.

    A key driver of brand ZEE5 has been its business head Manish Aggarwal. Indiantelevision.com caught up with Aggarwal to get a deeper insight into what’s in store for the streaming service and its subscribers going forward.

    Q. How has the journey been? It’s been a year.

    A. So of course, the first year has been very interesting for us, we’ve been able to scale up whether it’s in terms of the kind of shows we’ve launched out in the market, across languages or in terms of the ramp up we’ve done in attracting monthly active users on the platform. So when you look at the kind of content we did, we were the ones who launched highest number of original content across 6 languages or the kind of world digital premiere of movies we did on the platform or the kind of original films we launched on the platform which were originally designed and catered for the ZEE5 platform and not available anywhere else and of course all of this resulted in the kind of audiences we were able to attract.

    Q. What are the main highlights of this year?

    A. To take out 3-4 highlights for you, one would definitely be the originals which we’ve launched across 6 languages. Second, it was very satisfying for us within the content space. We were able to work with the who’s who in the Hindi, Tamil, Telugu, Marathi industries whether we work with Kartik Subbaraj in Tamil who has directed Rajinikanth’s movie, we’ve worked with Parambrata who directed our Kali, our Bengali originals or you know we’ve worked with Bhau Kadam in Marathi or Sai in Marathi. So you name the genre, we’ve worked with the best in class. Thirdly the most gratifying for us was, we started being the global first in launching regional subscription VOD pack. As we speak today Tamil, Telugu, Kannada packs are hugely contributing to the overall subscription numbers.

    Q. So how has been the growth in your subscription based numbers? We know about your MAUs and DAUs. How much has the subscriber base increased in the last year? And how much do you expect going forward?

    A. Unfortunately I can’t declare the subscription numbers to you. We have declared the MAU numbers publically. We have seen very healthy growth in subscription numbers. Today we’ve seen subscription growth coming across India, what kicked off with Karenjit Kaur season 1 and 2, Sunny Leone’s biopic further got scaled up with our Rangbaaz show and our crime thriller which was essentially gangster drama. So, in fact, a market like Lucknow and other UP hinterlands which were contributing highest for us when it came to subscription rolls purely at the back of Rangbaaz, typically one would think that these markets would not contribute so much to subscriptions that they would be congested in more free content and that’s not the case for us. And similarly with Abhay we’ve seen a few subscriptions ramping up and with Final Call with the trailer out we’ve seen very positive response and hoping to continue the momentum.

    Q. How much increase in subscription numbers do you expect in the coming years, the growth rate?

    A. For us the subscriptions come from 2 poles, one is the B2B side which is through our partnerships whether it’s through telco, OEM or broadband partners which is the direct subscriptions. We have very steep targets from both B2B and B2C perspective and we are hoping to easily get 20x-30x on the subscription numbers.

    Q. Any plans to strike deals with broadband players or do you have some?

    A. We already have some, we are already live with ACT Fibrenet and Hathway and we are going to announce two more broadband partners. These are very big broadband players. We’ve almost closed and it’s just the last stages of the announcement of at least 2 more I assure you and we are also in talks with others. We are also working with some regional players.

    Q. How are brands looking at Zee5? Is advertising getting more profit to the platform?

    A. At this point in time, it is more about investing and building the platform in terms of the product, technology, content, marketing and distribution partnerships. The key is to give the best of stories to our audiences across genres in the language of their choice and most importantly, availability so that they can watch where they want to watch it whether it’s a feature phone or a smartphone or whether it’s a large screen connection device. And of course advertisers have received ZEE5 in a big way and as we speak we are working with all top media agencies and brands in India whether it’s in terms of targeting metro audiences or in terms of targeting tier 1, tier 2 audiences, essentially wherever there is a smartphone and wherever there is data, ZEE5 is easily accessible and available.

    Q. As you mentioned media agencies, can you name some media agencies and brands for us?

    A. We are working with all of them – GroupM, Madison, Havas Group.

    Q. You have shows in six different languages. Where do you see more traction coming from? Which language is giving more eyeballs to the platform?

    A. Hindi is high for everyone. The very reason for the existence of ZEE5 was because we realised that there’s a void of regional content for the Indian consumers and with launching ZEE5 we have significantly filled that void in the entertainment industry today. One interesting insight that I have to tell you is that the consumer today is hungry for good content and good storytelling and that is language agnostic. For us Karenjit Kaur which was Hindi did very well and then we dubbed that in Tamil or Kali which was a Bengali original did very well for us in Hindi and there are various such instances where original language has performed well and at the same time an unexpected regional language has also performed equally well and this is across genre whether it is thriller, horror, crime, comedy.

    Q. Are you planning regional subscription packs for other languages as well? The remaining 3 languages that you have.

    A. We have regional subscription plans in Tamil, Telugu and Kannada. Tamil and Telugu have been available since 1 November and Kannada we launched a month later. Of course with Tamil, Telugu and Kanada there is a unique content and requirement from the audiences. We still feel a lot of overlap between Hindi and Marathi audiences. We are very closely watching other languages whether it's Bengali, Marathi, Malayalam or Bhojpuri for that matter. So, we are closely watching that space depending on our audience requirements. We are there to launch regional packs in other markets as well.              

    Q. What has been the consumption trends? Is catchup giving more audience or more active users?

    A. I would say that catchup is giving us recurring audiences. We being number 1 or close number 2 in almost all the markets whether it’s on Hindi or regional markets etc. Of course, there is a recurring audience that wants to watch Kundali Bhagya and others. AVOD gives us recurring audiences.

    Q. So recently ZEE5 made it to Google playstore’s top 10 list. What made it possible? The content, the technology or what?

    A. In fact, we’ve been continuously present on the Google playstore in top 5 for free and grossing entertainment apps, not 10. In fact, there was a time when we also reached number 2 or 3 as well on top free and grossing entertainment apps. So it’s predominantly that the consumers are hungry for good content. Good content is what drives us there and what creates the traffic coming and people wanting to download and install the app and consume on a day to day basis.

    I think good interface is a necessity now in the category. You need to have a strong UI, you need to give great user experience. ZEE5 is the only one where the user gets the choice of 11 display languages while most entertainment apps allow you to select either English or Hindi as the display language. On ZEE5 if you are comfortable in reading in Odia or Marathi or Tamil you can actually go and select.

    Q. Do you plan to increase the investment in your technology along with the content?

    A. We are very aggressively investing in the product and technology front and in the next few months, you will see a lot of changes coming your way.

    Q. Any gaps you want to plugin going forward?

    A. On the technology front there is always a room to improve and like you pointed out we continued to invest heavily on the product and tech front and we’ll be introducing a lot of new features and enhancements on the product front so it’s a continuous improvement process and as a result, every 15 days we release an app update and we make sure that we continuously give the consumers a superior experience from what they have been using in the past and of course our intent is to make it available on as many platforms whether it’s on the telco front or broadband or set top box or smart televisions. You have to be there at the point of consumption.

  • ZEE5 lines up 72 new originals till March 2020; continues focus on regional market

    ZEE5 lines up 72 new originals till March 2020; continues focus on regional market

    MUMBAI: Ushering in its first anniversary, ZEE5 announced an extensive line-up of 72 new Originals on the platform till March 2020. Staying true to ZEE5’s founding philosophy of focusing on regional content, this includes shows across multiple genres and languages including Hindi, Tamil, Telugu, Marathi, Bengali and Malayalam. The fastest growing OTT platform in the country also announced an anniversary offer where subscribers can avail a 30 per cent discount on both annual subscriptions – all access and regional, as well as an additional 50 per cent cashback on Paytm.

    The extravaganza was attended by some of the biggest names from showbiz across regions including Arjun Rampal, Saqib Saleem, Pooja Bhatt, Mahesh Bhatt, Goldie Behl, Guneet Monga, S Sreesanth and many more from the Bollywood industry, Parambrata Chatterjee and Raima Sen, Payel Sarkar, Riddhi Sen from Kolkata, Kathir from Chennai, Sujay Dahake, Vikram Gokhale from the Marathi entertainment industry, and so on.

    “It is a very proud moment indeed for us as we celebrate the first anniversary of ZEE5. A year in, we have seen how ZEE5 has, in fact, bolstered the network channels’ fanbase through its Before TV and catch-up content offerings. With its strong content library, the platform has established a niche for itself in the regional markets of our country – a space that has always remained a focus for us as a group. In the next few years, we will be investing in ZEE5 to make it the most widely subscribed and viewed Indian entertainment app globally, ” international broadcast business and Z5 global CEO Amit Goenka commented.

    “This past year has been an enriching journey for each one of us who have been a part of it and being the fastest growing OTT platform in the country is testimony to the continual efforts of the team and support from our partners. Since our launch in February 2018, we have achieved milestones not just on the content front, but under multiple pillars including partnerships and technology. Our aim through all our initiatives has been to bring a seamless viewing experience for our subscribers, no matter where they are or what their preference is. The learnings have been immense, and from it we have emerged – stronger and bigger. In 2019, our aim is to outdo ourselves in terms of the concepts & shows and technology we drive through ZEE5 and the announcements today are proof that we are fully poised to take this on,” ZEE5 India CEO tarun Katial said.

    “The regional markets is where the future of entertainment lies – our next viewers will come from there. We are cognizant of this and building an ecosystem to add more value to our stakeholders in these markets. To celebrate our first anniversary, we have a special offer for our subscribers as well,” he added.

    At the star-studded event, ZEE5 unveiled the logos of the following shows:

    •             Hindi – Rangbaaz Season 2, Karenjit Kaur Season 3 (with Sunny Leone), High Priestess (Amala Akkineni’s digital debut), Skyfire, The Final Call (starring Arjun Rampal and Sakshi Tanwar), Mystic Rose, The Sholay Girl (starring Bidita Baig), Mirror (a short film), 377 (starring Maanvi Gangroo and others), Poison (starring Arbaaz Khan, Freddy Daruwala, Tanuj Virwani), Bandit Queen

    •             Telugu – Ms Subbulakshmi (starring Lakshmi Manchu), G.O.D. – Gangs of Dharmapuri (starring Aditya)

    •             Tamil – Postman

    •             Bengali – Sharate Aaj (starring Parambrata Chatterjee, Payal Sarkar and Riddhi Sen)

    •             Marathi – Sex, Drugs and Theatre, Hutatma (starring Anjali Patil, Vaibhav Tatvavadi & Abhay Mahajan)

    •             Malayalam – Aarpoo, Porn Ok Please

    To celebrate the anniversary, ZEE5 has launched a special 30 per cent discount on both annual packs – all access at Rs 999/- and regional at Rs 499/-. This is applicable from 14 February to 31 March; in case subscribers pay via their Paytm account, they will get an additional 50 per cent cashback on these rates.

  • Comcast, Sony in the running for ZEEL stake?

    Comcast, Sony in the running for ZEEL stake?

    MUMBAI: In the latest financial results, Zee Entertainment Enterprises Ltd (ZEEL) MD and CEO Punit Goenka mentioned that the company has narrowed down its search for a partner to divest up to 50 per cent stake in the company, an announcement it made in November 2018. Now, according to an unconfirmed news report by CNBC TV18, the ZEEL promoters  are in the US reportedly negotiating with  Comcast and Sony  for a stake sale.

    Both the companies have given bids in the range of Rs 540-560 per share, says the CNBCTV18 report, which is 24 per cent higher than the closing price of Thursday, 15 February. The agreement is likely to be concluded this week.

    As of 31 December, ZEEL promoters hold 41.62 per cent share in the company. It seems that ZEEL promoters are now willing to share more than 50 per cent stake.

    The report also says that Alibaba, Tencent and Amazon were also in the race for ZEEL’s OTT platform ZEE5.

    The Subhash Chandra-led ZEEL reported 17.9 percent year-on year (y-o-y) growth with operating revenue at Rs 2,166.77 crore for the quarter ended 31 December 2018 (Q3 2019, quarter or period under review) as compared to the Rs 1,838.07 crore for the corresponding year ago quarter Q3 2018. EBITDA for the quarter under review increased 26.9 percent y-o-y to Rs 754.29 crore from Rs 594.42 crore.

  • Big Ganga makes fiction foray with top gec producers

    Big Ganga makes fiction foray with top gec producers

    MUMBAI: ZEE Entertainment Enterprise Limited’s No. 1 Bhojpuri Channel, Big Ganga adds yet another feather in its cap by foraying into the Bhojpuri fiction genre. The channel is all set to provide the region with its own original prime time with the launch of two diverse genre offerings. The launch is a part of channel’s strategy to penetrate deeper in the target markets while catering to the diversified audience across all age groups. In its quest to deliver premium content for the region the channel has brought on board the leading GEC producers, Paritosh Painter of Ideas The Entertainment Company and Meenakshi Sagar of Sagar Pictures. With already runaway successful shows under their belt these producers are all but geared up to now enthral Bihar & Jharkhand audience also with rich original Bhojpuri content.

    Ideas Entertainment will produce a romcom titled ‘Bagal Wali Jaan Maareli’. Given the regions high inclination towards humour, the show will be a fun filled ride of two neighbouring gentlemen who believe in love-thy-neighbours-wife philosophy. The show takes place in a fictional colony located in Arra, Bihar and has motley of quirky characters to add variety of spice to the show and keep the audience rolling on the floor with their idiosyncratic antics.

    Sagar Productions will be producing the show ‘Divya Shakti’, a socio-mythological fiction showcasing stories of power of faith and bhakti. Catering to the deep socio-cultural fabric of the region the show will bring to life miracle stories of human endurance and Gods benevolence. It will be adopt a unique format where compelling human stories of faith & conviction will be presented by Gods themselves as a narrator. These tales will be a topical collection of vrat kathayein, regional Bhakt figures with high devotional following as well as spiritual figures from the region.

    On this development Amarpreet Singh Saini, Big Ganga Business Head said, “Having already made a mark in the region when it comes to delivering original content, this is surely an interesting time for all of us. Keeping in mind the high demand for such shows, we have decided to foray into the Bhojpuri fiction genre and offering our audience more hours of original content every week. These shows are giving us an opportunity to diversify and expand our audience base hence catering to each and every age group. The channel already enjoys highest time spent in the Bhojpuri genre, with these ventures we are sure to further deepen our appointment viewing with the audience. We have some of the best names from the industry working on these projects and we are confident to up the entertainment quotient further for the regions audience. We are looking forward to creating magic on the screen with such talented teams.”

    On the shows, Paritosh Painter, Producer, Ideas Entertainment said, “Regional comedy is a growing category and we are glad to venture into Bhojpuri content as it is inherently a culture which loves and cherishes masti, fun and happy environment. With an evolving audience and their preferences, it is necessary to match up to their expectations.  We are trying to produce regional quirk filled full on entertainment offering which we are sure viewers can cherish with their families. I am really excited and looking forward to be a part of Big Ganga’s journey.” 

    Meenakshi Sagar, Sagar Pictures said, “We are glad to be associated with a channel with such a humungous reach and impact in the region.  Sagar Pictures has always brought quality offerings for Indian viewers, with Mythology being their core strength. Bihar & Jharkhand region has a deep faith fabric and we are glad to bring this alive on Big Ganga with our show which will surely be enjoyed by all age groups.”  

    Big Ganga will be launching its original prime time on 4th March, on the day of Mahashivratri. Along with original fiction shows the channel will also bring back its most celebrated non-fiction show Memsaab’s season 9 as Memsaab No.1 and a weekend topical stand-up show Raag Chunaavi having a tongue-in-cheek take on election and all things related. With 4 hours of original content line-up for the Bhojpuri audience the channel is surely going to set new benchmark in the regional general entertainment space.

  • Mona Jain bags additional role of head revenues for ZEE Live

    Mona Jain bags additional role of head revenues for ZEE Live

    MUMBAI: Zee Entertainment Enterprises Ltd (ZEEL) has announced that Mona Jain, principal cluster head sales, will now take on the additional role of head revenues, Zee Live. She will closely work with Zee Live COO Swaroop Banerjee and will continue to report to ZEEL advertisement revenue chief growth officer Ashish Sehgal. 

    Jain has been a part of the ZEEL family currently heading the North branch at ZEEL and managing the revenue responsibility for channels like Zing, Zee ETC, Zee Anmol and Anmol Cinema, &TV and Big Magic. Subsequent to this, the sales team of Zee Live will get aligned to her and will continue to drive the business goals under her leadership.

    Zee Live aims at enhancing consumer experiences across key markets by conceptualising fresh and unique live intellectual properties across genres like music, culture, tech, lifestyle, sport and education.

  • ZEEL launches ‘Zee Family Pack’ at Rs 39 per month for 23 channels

    ZEEL launches ‘Zee Family Pack’ at Rs 39 per month for 23 channels

    MUMBAI: Zee Entertainment Enterprise Ltd (ZEEL) has launched an offer price for its Hindi speaking audience till 31 January 2019. The ‘Zee Family Pack’ which was priced at Rs 45 per month for a suite of 24 channels is now being provided at Rs 39 per month for 23 channels.

    Tailor-made to fulfil multiple demands from family, the ‘Zee Family Pack’ targets the Hindi speaking market (HSM). The Zee Family Pack includes leading channels such as Zee TV, &TV, Zee Cinema, &Pictures, Zee Bollywood, Zee News, Zee Anmol, Big Ganga, Zing, Living Foodz and many others, cutting across multiple genres such as entertainment, movies, news, music and lifestyle thereby offering content that caters to every member of the family, every day. 

    To cater to the multi-genre needs of the premium viewers whose primary language is English, Zee has created the Zee Prime Pack English SD that includes premium channels such as Zee Café, & Flix, Living Foodz and WION priced at Rs 25 per month and the HD pack that includes & Prive HD in addition to these at Rs 35 per month.

    With a total of 59 channels (43 SD & 16 HD) in 11 languages reaching a total of 148 million households every day, ZEEL has been offering audiences in India entertainment cutting across genres.

  • Punit Goenka on ZEE5’s content play, TRAI tariff order and ZEEL’s search for a strategic partner

    Punit Goenka on ZEE5’s content play, TRAI tariff order and ZEEL’s search for a strategic partner

    MUMBAI: The Subhash Chandra-owned media conglomerate Zee Entertainment Enterprises Limited (ZEEL) reported robust growth in the third quarter of FY 19, beating analysts’ expectations. Apart from the stellar growth in both domestic and international advertising revenue, ZEEL’s over-the-top (OTT) platform ZEE5 maintained its forward march posting healthy monthly active subscriber numbers. Buoyed by the response to the streamer, ZEEL now intends to increase its investment in ZEE5.

    The company’s growth was up 21.7 per cent and 23.3 per cent y-o-y in  terms of advertisement and subscription revenues respectively. The reported ad revenue for Q3 2019 stood at Rs 1,462.57 crore as compared to Rs 1,202.02 crore in Q2 2018. Subscription revenue for the period under review was Rs 618.48 crore as compared to Rs 501.69 crore in the corresponding year ago quarter.

    Satisfied with his organisation’s performance, ZEEL MD and CEO Punit Goenka, during an earnings call, covered a wide range of subjects including the content strategy for ZEE5, the much-debated TRAI tariff order, and the broadcaster’s foray into regional language markets.

    Ambitious plans for ZEE5

    Within one year of its launch, ZEE5 has quickly climbed up the ladder, competing with the best in the business. Outlining the content strategy for the OTT, Goenka said ZEE5 would target 72 shows for the upcoming fiscal year. The plan is to release six web-series each month in the six languages. The platform will be focusing on more tentpole shows rather than releasing one every quarter. Besides original content, ZEE5 will ramp up content sourcing from Hollywood and other segments of the international market.

    Goenka stated that the company made course corrections based on learnings from consumptions trends by dropping some shows that were under process. Having set out to produce 90 shows combining multiple formats by March 2019 (and delivering 31 until 31 December), ZEE5 has now repositioned its content play.

    In the second quarter, ZEE5 struck deals with telcos, the most notable being an exclusive three-year tie-up with the Gopal Vittal-led Airtel. According to Goenka, the platform has already begun booking revenues through these deals. It must be noted that ZEE5 contributed to the 21 per cent domestic advertising revenue growth.

    While ZEE5 works on a freemium model, its subscription service was launched back in July. When asked about the pricing strategy, Goenka argued that it is too early to evaluate.

    “I think it is too early for me to start questioning whether it is the right price point or not. The feedback from consumers helped us in launching this regional pack strategy and that also is aiding the growth of subscription take-up in the market. So we will track it for another two quarters before coming to that discussion, internally also,” he remarked.

     While subscription revenue has started trickling in, Goenka believes substantial traction needs to be delivered on that front over the next few years.

    “I think there is a long way to go for us to drive that to a significant number for the company over the next three to five years that I have guided for. But having said that, we will be investing back all of the revenues as well as more cash flows behind the ZEE5 content and marketing,” he added.

    The media conglomerate has big plans for ZEE5 globally as well. After a soft international launch, the OTT’s first commercial foray will take place within the fourth quarter in the Asia Pacific region. Post that, the streaming service will enter other markets, except the US, in Q1 of FY 20.

    According to Goenka, a combination of subscription and advertising revenue will lead to profitability of OTT platforms. With digital not matching the reach of television anytime soon, it isn’t possible to build an OTT on the back of advertising revenue, he opined.

    Optimistic about new regulatory framework

    In stark contrast to the approach of several broadcasters, who expressed reservations about the Telecom Regulatory Authority of India’s (TRAI) new tariff order, ZEEL has been an early backer of the regulator and its new framework. Commenting on ZEEL’s readiness to adapt to the new norms, Goenka said the broadcaster is closely working with all the distribution platform operators (DPOs). He agreed with the industry experts’ view about there being some hiccups for the next three to six months due to the radical change. However, he was quick to point out that cable and DTH operators have accelerated their efforts to put together channels bouquets and packs.

    When several stakeholders losing sleep over how the migration to a new framework will play out, Goenka is of the view that the real picture will only emerge on 31 January midnight or 1 February morning. He recalled how consumers had swung into action only after the blackout of channels during the DAS implementation. There could be a repeat in that pattern of consumer behaviour, he said.

    “I do expect that large conversion to happen only post switch-off, and that's in-line with our DAS strategy also that we had gone with,” Goenka highlighted.

    The veteran executive, however, is optimistic about ARPU growth due to the new regime.

    ZEEL’s potential strategic partner

    In November 2018, the promoter group of ZEEL announced the decision to sell or divest up to 50 per cent of its equity stake in the company to a strategic partner, aiming for a stronger global media-tech play. According to Goenka, the negotiations for the deal are being conducted with a few players and not a large set. In line with the earlier announcement, Goenka is confident that a concrete arrangement would be arrived at by March- April.

    “We do have significant production capabilities within the ecosystem. And while we do leverage it on our own platform, but it will be available, even for the strategic partner if they wanted us to create content for them, which necessarily does not go on our platform, it goes on their platform. We will be happy to do it for them,” he pointed out.

  • Privé Unscripted to offer thought-provoking content from BBC

    Privé Unscripted to offer thought-provoking content from BBC

    MUMBAI: ZEEL’s premium English movie channel – &PrivéHD – is all set to telecast its new offering from the BBC library- Privé Unscripted. It brings not just movies inspired by real life but life itself showcased in all its raw and unscripted glory. The content from ZEEL’s association with BBC Studios, Privé Unscripted will première on television on 21 January 2019, 11 PM onwards.

    Privé Unscripted consists of iconic stories including intriguing titles such as Weinstein: The Inside Story, Targeting Bin Laden (Featuring Barack Obama), Meet the Trumps: From Immigrant to President, Inside Obama’s White House, David Beckham – Into the Unknown and much more. Privé Unscripted will be telecast at 11 PM starting 21 January till 25 January. After that, the films will be aired every Sunday at 8 PM.

    ZEEL head – premium channels Shaurya Mehta said, “We have evaluated our audience and the tune-in they have on the channel specifically. Based on that we have built the strategy starting with week nights and then move into a weekend slot. Close to 26 per cent of the consumption on &Privé happens through biographies (film based). Currently, we have acquired over a dozen titles from BBC, but we continue to look at more titles in the coming months.”

    The content will also be available on ZEE5 on live TV basis and as for VOD there is a catch-up that will be available as well.  

    Commenting on the occasion, ZEEL CMO Prathyusha Agarwal said, “Authenticity today is a compelling need and a key driver for consumers across product categories and brand choices they make. This is a premium content; any advertiser associating with the channel is about building premium brand. The channel has a balanced ratio of male and female audience because everyone is coming at it as a nuance cinema."

    Since its launch, &Privé HD has curated 350 movies with 52 premieres including critically acclaimed and award-winning titles like Moonlight, Lion, The Post, The Imitation Game, A Beautiful Mind, The Wolf of Wall Street, Catch Me If You Can, Memoirs of a Geisha, Donnie Darko, Revolutionary Road amongst others.

    BBC Studio SVP and GM South and South East Asia Myleeta Aga said, “We’ve had a great experience working with the team at Zee. Our association with BBC First resonated with Indian audiences so well and was a huge success. We believe that quality storytelling whether drama or unscripted will always connect with audiences; immerse and entertain them. We hope to receive a great response from the viewers for our documentaries on &PrivéHD.”

    Mehta believes that with Privé Unscripted the channel has extended its relationship with BBC Studio and harnessed the power of this exceptionally thought-provoking quality content. “We are sure that the audience will embrace this new format of content,” he added.

  • Ad, subscription revenues drive Zeel numbers up for third quarter

    Ad, subscription revenues drive Zeel numbers up for third quarter

    BENGALURU: The Subhash Chandra led Zee Entertainment Enterprises Limited reported 17.9 percent year-on year (y-o-y) growth in operating revenue at Rs 2,166.77 crore for the quarter ended 31 December 2018 (Q3 2019, quarter or period under review) as compared to the Rs 1,838.07 crore for the corresponding year ago quarter Q3 2018. EBITDA for the quarter under review increased 26.9 percent y-o-y to Rs 754.29 crore from Rs 594.42 crore.

    Growth in numbers was driven by 21.7 percent and 23.3 percent y-o-y in advertisement and subscription revenues respectively. The company reported ad revenue for Q3 2019 at Rs 1,462.57 crore as compared to Rs 1,202.02 crore in Q2 2018. Subscription revenue for the period under review was Rs 618.48 crore as compared to Rs 501.69 crore in the corresponding year ago quarter. Zeel says that domestic subscription revenue grew by 28.6  y-o-y to Rs 519.2 crore. International subscription revenue for Q3 2019 was Rs 99.3 crore.

    The company reported 50.6 percent growth in profit after tax (PAT) and 49.2 percent higher total comprehensive income (TCI) for Q3 2019 as compared to Q3 2018. PAT in Q2 019 was Rs 562.76 crore as compared to Rs 373.77 crore in Q3 2018. TCI for Q3 2019 was Rs 475.97 crore as compared to Rs 319.10 crore.

    Zeel chairman Chandra said, "India is poised to remain one of the fastest growing economies in the world. Decline in crude oil prices and rationalization of GST rates will further boost the economy and help maintain the growth momentum in consumption. Even in M&E space, content consumption is growing at a brisk pace across mediums. This trend along with macroeconomic tailwinds will drive growth in both advertising and subscription revenues. We have delivered yet another quarter of strong performance across all our businesses. ZEE5 is scaling up in line with our expectations and is on course to become India's number one digital entertainment platform.”

    Zeel MD and CEO Punit Goenka said, "I am really pleased with our performance this quarter which further strengthens our position as India's leading entertainment content company. While our television business continues to consolidate its number one position, ZEE5 is quickly establishing itself as one of the leading digital entertainment platforms in the country. ZEE5 has already become the biggest producer of Indian content amongst the digital platforms and

    the content offering will multiply going forward. Our expanding list of partnerships with telecom operators and players in the digital eco-system, coupled with innovation in pricing, will make ZEE5 accessible to a wider audience.

    With the launch of our Malayalam channel, Zee Keralam, ZEEL now has the widest footprint in country in terms of the languages covered. It will help us further consolidate our network share.

    Advertising outlook for the industry looks upbeat and we aim to outpace the industry growth on the back of our growing network share. After much delay, TRAI's tariff order is now set to be implemented across the country next month. I reiterate that this is a positive step for the industry in the long term and will be beneficial for everyone. While it will take some time for the new system to settle, we are working with all our partners for its smooth implementation."  added Goenka.

    Let us look at the other numbers reported by Zeel

    Total expenses in Q3 2019 increased 7.7 percent y-o-y to Rs 1,441.82 crore from Rs 1,338.38 crore. Employee benefit expense increased 19.4 percent y-o-y in Q3 2019 to Rs 183.38 crore from Rs 153.54 crore in Q3 2018. Operational cost in the quarter under review increased 18.6 percent y-o-y to Rs 797.81 crore from Rs 672.98 crore in Q3 2018.

    Finance costs increased y-o-y in Q3 2019 to Rs 5.52 crore from Rs 2.36 crore during the corresponding period of the previous year. Other expenses reduced 3.1 percent y-o-y in quarter under review to Rs 230.24 crore from Rs 237.51 crore in Q3 2018.

    The company benefitted from fair value gain on financial instruments at fair value through profit and loss for Q3 2019 at Rs 37.64 crore as compared to a fair value loss of Rs 41.92 crore in Q3 2018.

  • ZEE5 maintains momentum with 56.3 mn MAU in third quarter

    ZEE5 maintains momentum with 56.3 mn MAU in third quarter

    MUMBAI: Media conglomerate Zee Entertainment Enterprises Limited (ZEEL) on Tuesday published its third quarter financial results with its OTT ZEE5 demonstrating continued growth.

    ZEEL’s super streamer clocked 56.3 mn monthly active users (MAU) as of December, with a 36 per cent increase since September 2018.

    “ZEE5 is scaling up in line with our expectations and is on course to become India's number one digital entertainment platform," said ZEEL chairman Subhash Chandra.

    Since its February 2019 launch, ZEE5 has adopted an aggressive content strategy, producing original shows in several genres including comedy, drama, reality, thriller, and docu-drama.

    According to ZEEL’s filing with the BSE, users currently spend an average of 31 minutes per day on the app. The platform delivered similar engagement numbers in Q2 as well.

    “ZEE5 is quickly establishing itself as a leading digital entertainment platform,” tweeted ZEEL MD and CEO Punit Goenka, who seemed pleased the OTT’s growth trajectory.

    “Our expanding list of partnerships with telecom operators and ecosystem players, coupled with innovation in pricing, will make ZEE5 accessible to a wider audience,” he added.

    Last year, ZEE5 signed content deals with telecom majors Reliance Jio and Airtel.

    In the first leg of its global rollout, the OTT platform has focussed on South Asian audience across the world.

    Both in international and domestic markets, ZEE5 is confident of scaling up on the back of regional content.

    Since the beginning, the platform has emphasised on content in the “language of comfort”. In line with its regional play, the platform also launched regional subscription packs for Tamil, Telugu and Kannada users.

    During the last quarter, ZEE5 launched Rangbaaz, Karenjit Kaur S2 and Babbar Ka Tabbar S2 in Hindi, Chitra Vichitram and B. Tech in Telugu, What’s Up Velakkari and Alarm in Tamil, Date with Saie in Marathi and Kaali in Bengali.

    Two flagship shows of the platform Karenjit Kaur, Rangbaaz have created quite a buzz in a short span.

    In a bid to strengthen its live offerings, ZEE5 also added a dedicated section for news and even live-streamed the very popular Sunburn music festival.