Tag: Zeel

  • CEO Punit Goenka bats for Zee 4.0 vision, as boardroom tussle rages on

    CEO Punit Goenka bats for Zee 4.0 vision, as boardroom tussle rages on

    New Delhi: Zee Entertainment Enterprises Ltd (ZEEL) is gearing up for a boardroom tussle with two of its big investors demanding the removal of its top management. Amid all this, CEO Punit Goenka took the stage at the company 39th Annual General Meeting (AGM) to address the shareholders and highlight the efforts taken by the management over the past year to transform the organisation into the Zee 4.0 version.

    “The last financial year has been a dynamic one for us, a year where we started afresh, starting a brand new chapter in our book,” said Goenka at the 39th AGM held on Tuesday.

    The meeting comes after two of the company’s top investors – Invesco Developing Markets Fund and OFI Global China Fund LLC – who together hold up to 18 percent of the stake demanded the removal of Punit Goenka, Manish Chokhani, and Ashok Kurien as directors in an Extraordinary General Meeting (EGM). Both Chokhani and Kurein submitted their resignations as non-executive non-independent directors of the firm ahead of the meeting.

    Discussing the year gone by, Goenka said the financial year 2021 was an unprecedented year on all counts. “There was a massive disruption in the first half, and ZEEL’s advertising revenues reduced by almost half,” he added as reported by moneycontrol.com. “There was a sharp rebound in the later part of the year, leading to a 6.8 percent growth in the second half. The subscription revenue saw comparable growth of 5.2 per cent during the year, primarily driven by sci fi.”

    Elaborating on the plans to transform the organisation, Goenka told the shareholders that the Zee team is working on revamping the programming line-ups of the linear channel portfolio to bounce back in the key markets, and expand the broadcast portfolio with the launch of two new channels during the year. 

    “The future roadmap for next three years is going to be driven through digital. The digital business has great promise for the future. It is growing multi-fold,” said Goenka talking about the renewed focus on the digital, with Zee5 scaling its content library and enhancing the customer experience.

    “We are still in investment mode for our digital business and our film business. We enjoyed leadership in several of the markets that we operate in.”

    However, in terms of verticals, he said, the linear business enjoys the maximum of popularity and profitability. “We also want to be the leading studio in films across six languages, and we will continue to increase our market share in the music category also,” he added.

    Responding to the shareholders’ concerns over the impact of the pandemic, ZEEL MD and CEO said Zee Studios bore the maximum brunt, due to the closure of malls and theaters across the country, and continues to face challenges. Zee Anmol also lost market share due to the lockdown restrictions. “The exceptional expenditure incurred in Q1 of FY22 was on account of relocation of shoots to alternate locations,” he added, noting that this will not be significantly higher in the coming quarters.

    On repayment of funds from related parties, Goenka said that there have been no loans given to related parties from the company. “There have been business revenues that we collect from related parties like Siti Cable and Dish TV and other parties and the board monitors these recoveries very closely and the management is engaged with related parties for recovery of our overdues, if any.”

  • ZEE wins big at Brandon Hall Group HCM Excellence Awards ’21

    ZEE wins big at Brandon Hall Group HCM Excellence Awards ’21

    Mumbai: Zee Entertainment Enterprises Ltd (ZEEL) has won three key awards at the prestigious and globally acclaimed Brandon Hall Group HCM Excellence Awards 2021. The media company bagged silver for ‘Best Advance in Custom Content’ and bronze for ‘Best Advance in Employee Engagement’ and ‘Best Unique or Innovative Learning and Development Program’.

    The awards feature two annual programs recognising the best organisations that have successfully deployed programs, strategies, modalities, processes, systems and tools that have achieved measurable results. ZEE has been felicitated amongst the best in the list of global companies, recognising its employee focussed learning and development initiatives and a people-first approach.

    In line with the evolving media and entertainment ecosystem, ZEE is nurturing its pool of talent by building a strong employee value proposition revolving around three key tentpoles of being an ‘Academy of Talent’ in the M&E industry, cherishing its roots by celebrating the proud legacy of the brand, its values, culture, traditions and building a safe and secure workplace. The company has successfully implemented learning and development initiatives for its employees despite headwinds faced by the sector during the lockdown, said the company in a statement.

    Some of these programs include increase in the quantum and coverage of learning initiatives (13,000+ man-hours of learning clocked across its offices during FY21, access to online learning courses on global e-learning platforms like Coursera and Udemy, access to e-books of different genres through a tie-up with the new-age platform – Librarywala), ZEEcademy –  an online learning experience platform hosting all learning needs in one place and digitalisation – building employee capabilities to adapt to the existing business practices through new digital methods, it added.

    Speaking on the recognition, ZEEL, president- HR and transformation, Animesh Kumar said, “Learning and development efforts have been a foundation stone of our strong employee engagement strategy and we are honoured that the same have been recognised at the globally renowned Brandon Hall Group Excellence Awards 2021. This recognition is a testament of our continued commitment towards enhancing the overall employee value proposition at ZEE. As an ‘Academy of Talent’, we continue to focus on initiatives that enhance our capability building programs and encourage our people to perform to their fullest potential.”

    Capability building has been one of ZEE’s key focus areas and the company has been substantively increasing the quantum and coverage of its learning initiatives. Keeping gamification at the core, the company partnered with Upside Learning, a player in the digital learning space, to create a story-based employee induction experience with gamified elements to engage the new talent.

    “It is an honor to be recognised by the esteemed Brandon Hall Group Excellence Awards for our partnership with ZEE. We’re extremely proud to have developed high-quality learning and development experiences for ZEE, keeping gamification at the heart of the program, that have enhanced the company’s overall engagement with its talented workforce,” said Upside Learning Solutions’ founder and CEO, Amit Garg.

  • ‘Pyaar Tune Kya Kiya’ returns with season 12 on Zing

    ‘Pyaar Tune Kya Kiya’ returns with season 12 on Zing

    Mumbai: Zing is all set to showcase season 12 of its hugely popular show “Pyaar Tune Kya Kiya” (PTKK) starting 14 August every Saturday at 7 p.m. 

    The show will present 15 new-age love stories filled with friendship, drama, and romance. The idea behind this season’s theme emerges from the insight that the definition of love has evolved for GenZ, said the channel.

    PTKK is among the most successful IPs at the channel and has been running for the past seven years.

    Commenting on the launch of the latest season, ZEEL’s deputy business head – music cluster, Pankaj Balhara said, “It has been a wonderful journey for us with PTKK. The show has hit all the right chords with the viewers from the first season. We are glad that we have a dedicated audience base that is connected deeply with the show. Like every season, even this time we have taken a theme that is relevant to Gen Z and their relationships today, making the content extremely relatable. We are confident that this season, like every other season, will strike a chord with our audience.”  

  • &TV announces new mythological show ‘Bal Shiv’

    &TV announces new mythological show ‘Bal Shiv’

    Mumbai: &TV has announced the launch of a new mythological fiction show, ‘Bal Shiv’. The show is currently under production and being bankrolled by production banner, Zee Studios.

    For the first time on Indian television, ‘Bal Shiv’ will depict an untold mythical story of the mother and son’s eternal bond (Mahasati Anusuya and Bal Shiv) through exploring various chapters of his childhood and self-discovery. The story revolves around the premise that Lord Shiva had taken several avatars, yet never experienced childhood and mother’s love, said the channel in a statement.

    “Mythological stories always have had a fascination and staunch following amongst viewers of all ages. They have always presented viewers with the hope of direction and protection in uncertain times,” the channel said. “Of all the fascinating stories on the legend of Lord Shiva and his various avatars, one story that has never been told before is the story of Bal Shiv and his Bal Roop,” it added.

    The upcoming presentation will soon premiere only on &TV.

  • Zee Tamil announces launch of new reality show ‘Survivor’

    Zee Tamil announces launch of new reality show ‘Survivor’

    Mumbai: Tamil GEC, Zee Tamil on Tuesday announced the launch of its upcoming reality show, Survivor. The hugely popular global reality show is adapted for the Tamil market by the content production and distribution company Banijay Asia.

    Helmed by the production giant – Banijay, the franchise’s global success of Survivor is aptly reflected across every international adaptation of the show in multiple languages, resulting in a strong fan base world over. The show is the ultimate game of human survival designed to truly test every aspect of its contestant’s mental and physical strength, the multi-channel network said in a statement.

    “As a channel, we have always committed ourselves to engage our audience with innovative content and variety in reality entertainment. Survivor will definitely set new benchmarks in reality show formats in India. From the production value to the portfolio of talent, Zee Tamil has truly embarked on a journey in partnership with Banijay Asia to redefine quality entertainment in the market,” said ZEEL, EVP and South cluster head, Siju Prabhakaran.

    Banijay Asia’s CEO and co-founder, Deepak Dhar added, “Survivor is a show that has a global fan base. The format is unique, adaptable, and has the potential to match audience sensibilities across the board. The Tamil industry has always been experimental and bringing a reality show of this nature will only broaden the genre further. Zee Tamil has always been a frontrunner in bringing innovative content to its audience, and we’re excited to be partnering with them.”

    The launch of the show on Zee Tamil is soon to preceded by a promotional campaign. The show will also be available to watch on Zee’s OTT platform, Zee5.

  • ZEEL gets MIB’s nod to transfer digital publishing business to Rapidcube

    ZEEL gets MIB’s nod to transfer digital publishing business to Rapidcube

    New Delhi: Zee Entertainment Enterprises Limited (ZEEL) has received the approval from the ministry of information and broadcasting for the transfer of the digital publishing business division to Rapidcube Technologies.

    The Department for Promotion of Industry and Internal Trade has also granted its approval for the same.

    The company’s board had already given the go-ahead for the transfer of the Digital Publishing Business Division of the Company to Rapidcube through a Business Transfer Agreement last year on 17 December. Established this year, Rapidcube is a private company limited by shares and is the wholly owned subsidiary of Zee Media Corporation Limited.

    “The company has received the approval from the ministry of information and broadcasting and department for promotion of industry and internal trade, as required under the press note four of 2019 dated 18 September, 2019 and the provisions of Foreign Exchange Management Act, 2000,” it said in a BSE filing.

  • West Bengal consumers look for relatable and aspirational content: Zeel’s Samrat Ghosh

    West Bengal consumers look for relatable and aspirational content: Zeel’s Samrat Ghosh

    New Delhi: After a successful national run, Zee Entertainment Enterprises (Zeel) forayed into the West Bengal market in the year 1999, and Zee Bangla became the first Bengali TV channel to be launched in the country. Over two decades later, the channel continues to enjoy a strong presence in the regional market with several successful shows that connected with the local masses. It further bolstered its regional genre with the launch of the sister channel, Zee Bangla Cinema in 2012.

    As part of the inaugural edition of the Tele-wise Bangla summit, Indiantelevision.com, CEO and editor-in-chief Anil Wanwari got in a fireside chat with Zee Entertainment Enterprises Ltd (Zeel), cluster head, Samrat Ghosh who spearheaded the network’s journey to the east.

    Ghosh has been a member of Zeel for over two decades. He took over Zeel’s Bangla business in 2014 and has been responsible for overseeing a bouquet of channels which includes Zee Bangla, Zee Bangla Cinema, Zee Sarthak, Big Ganga, and Zee Biskope. The conversation delved upon the various facets of the network’s growth in the Bangla market, the psyche of local consumers, channel’s content offering, and the brand’s philosophy. 

    Edited excerpts:

    On Zee Bangla’s journey so far and the challenges along the way

    Zee Bangla had already established a strong brand identity when I took over the channel’s business in 2014. It was perceived to be a pioneer in the non-fiction space and had some advantages over several established brands. In the fiction space, we had some flashes of brilliance here and there. My main objective at that time was to further strengthen this brand identity, create brand equity and transform the brand into ‘a brand of love and relevance’. Adopting a consumer-centric approach is the key to success. So, we reached out to consumers and gained loads of consumer insights, and started designing our products accordingly which was all-inclusive. This inclusiveness helped us to get a wide spectrum of audiences and top the viewership charts. We brought lots of cultural relevance in fiction and non-fiction shows to build more engagement among viewers and remained invested in content.

    On selecting stories in the culturally rich east market

    Bengal consumers are very different from other regional markets. They are bilingual, well-read, and well-informed. The state literacy level is also high at 77 per cent and they are culturally very sensitive. They also look forward to something new all the time, which also makes them extremely loyal to the brand. If the brand talks in their language and understands their needs, then they remain faithful to the brand. They look forward to a unique blend of content offering, where their values are also embedded. Such content resonates well with Bengal consumers. We have also done biopics, including the one on Netaji Subhash Chandra Bose which was well-accepted by the audiences. Bengal consumers lap up content if it is relevant to them and appeals to their aspirations.

    On the choice between chasing ratings and a good story 

    Rating is a by-product of the content that you create. We have always embraced a consumer-centric approach. We take consumer insights to make the content more relatable and aspirational for our viewers. If we can create content like that with relevant storytelling, then the rating is bound to follow. We reach out to consumers before the launch of the product and after launch too. They are quite excited to dissect the product and tell about likes and dislikes, so content correction also happens along the way.

    On reaching out to non-Bengali consumers nationally 

    In the non-fiction space, we have had some reality shows which developed into cult brands in the market. We had a quiz show, called Dadagiri with Sourav Ganguly and Dance Bangla Dance, and the vernacular season of Sa Re Ga Ma Pa. Many non-Bengali consumers also watch some of our shows and find them relevant. Many shows have travelled to other parts of the country within the Zeel network. So, we have catered to a wide spectrum of audiences.

    On whether Bengali consumer is programme-loyal or channel-loyal

    Both exist in the Bangla market. First and foremost, the Brand inertia and affinity in a typical Bengali consumer is very high. So, if you win their heart once, they will remain loyal to you for a very long time. There is a high brand loyalty among the Bengali audiences. If the content is relatable and it appeals to their aspirations, then there is always an appetite for consumption. They will wait a year after year if they develop an affinity for a show. Some shows have been running on the channel for years. But most importantly, the content has to be relatable to them.

    On genres that Bengali viewer binges on

    Any kind of content that has high cultural relevance will always resonate with the consumer. When he sees that the brand understands their needs, they develop an affinity for it. Localised content drives engagement and regional channels always have a higher ability to connect with consumers. The show Didi no 1 is a game show for women and it appeals to their aspirations. At the core, the brand has to be consumer-centric.

    On the challenges in finding talent in writing and acting, and unique solutions adopted

    Bengali TV industry has seen an upsurge in content production in the last decade and ramping up of content production hours. So, the growing demand has led to a short supply of talent for acting, writing, etc. So, we have embraced multiple ways to overcome this challenge. First, we have widened our production eco-system and we are now collaborating not only with established production houses, but the emerging ones too. Secondly, we are producing in-house shows to nurture new talent. Thirdly, we have launched a talent nurturing platform, YesBangla.com for searching for new and nurturing talent. The response has been great for acting, but for screenwriting, it is limited so far.

    On the OTT boom and impact on TV

    Both complement each other. TV works in the family space, while OTT is in personal space. Both platforms cater to a different set of audiences and both will co-exist. If you see, 95 per cent of video consumption is in vernacular, so OTT will grow. But, in West Bengal, for instance, there is 60 per cent penetration of TV. So, there is a lot of headroom for growth there too.

    On some successful partnerships with brands and advertisers

    We have had a couple of examples in the recent past. We believe in providing a value proposition to our advertising clients. We collaborated with Senco Gold and Diamonds, a jewellery brand for a show based on a jewellers’ family. So, while the brand utilized the platform and used it to launch new product ranges, it also lent huge insights for us, especially while taking our main protagonist for workshops. So, we keep doing a lot of integrations, Dadagiri was another such TV show. We have witnessed continuous support from our advertisers who see immense value in the collaboration. At Zeel, we provide a holistic proposition to advertisers, creating a win-win for the channel and the advertisers. 

    (The virtual summit – Zee Bangla was organised by Indiantelevision.com in partnership with Zee Bangla on 29 June and witnessed insightful sessions with representatives from television, advertising, and media.)

  • No such transaction being undertaken, Zeel refutes reports of merger

    New Delhi: Putting speculation to rest, the entertainment giant Zee Entertainment Enterprises Ltd (Zeel) on Monday said, there are no merger talks underway with Viacom18, as reported by a leading English daily.

    “We herewith confirm that there is no such transaction being undertaken and the matter is speculative in nature. This is for your information and records,” Subhash Chandra’s Essel group owned media company posted on the Bombay Stock Exchange (BSE) on Monday.

    The statement comes in the wake of a report published by Livemint, about a potential merger between Viacom18 Media Pvt Ltd and Zee Entertainment Enterprises Ltd (Zeel) through a share swap deal.

    According to the report, the merger was proposed to be done through a share swap deal. “The talks started a few weeks ago, and the deal is unlikely to involve any cash transaction,” reported the publication.

    Founded by Essel Group’s Subhash Chandra, Zee Entertainment Enterprises Ltd is majority-owned by foreign institutional investors – Investco Oppenheimer Developing Markets Fund and Ofi Global Fund China LLC. The company is run by Chandra’s son and CEO & managing director Punit Goenka.

    Earlier in the day, Zeel spokesperson had also refused to confirm or deny the speculative news item. Said a Zeel corporate official:“The company does not comment on speculation and rumours.” 

  • Viacom18 and Zeel eyeing a merger?

    New Delhi: It’s the season for mergers. Following in the footsteps of  big media mergers globally, two entertainment giants back home- Viacom18 Media Pvt Ltd and Zee Entertainment Enterprises Ltd (Zeel) are now reportedly looking to join hands to create a large firm, according to an unconfirmed news item in Mint on Monday.

    If  the reports are to be believed, the owner of the GEC Colors, Viacom18, and Subhash Chandra’s Zeel have initiated talks of a potential merger. It is too early to say, but, if the deal fructifies, the combined entity will end up owning and managing the largest number of TV channels in India, and probably globally. The combined media firm’s interest will span across broadcast, OTT, live entertainment, and movie production.

    However, it is not the first time that such talks of coagulating companies in the television business have floated. The buzz has been proven to be unfounded in the past.

    Last year,  similar talks of a  merger  between Viacom18 and Sony Pictures Network fell apart, after the Mukesh Ambani-led Reliance Industries Ltd pushed for a majority stake in the combined entity as well. RIL owns a majority stake in Viacom18, which is a joint venture between TV18 Broadcast Ltd and US-based ViacomCBS Inc. While Network18 owns a 51 per cent stake in Viacom 18, Viacom holds the remaining 49 per cent.

    Zee Entertainment Enterprises Ltd was founded by Essel Group’s Subhash Chandra and is majority-owned by foreign institutional investors – Investco Oppenheimer Developing Markets Fund and Ofi Global Fund China LLC. The company is run by Chandra’s son and CEO & managing director Punit Goenka.

    A Zeel spokesperson refused to confirm or deny the speculative news item. Said a Zeel corporate official:  “The company does not comment on speculation and rumours.” 

  • Zee5 strikes up partnership with TVF

    KOLKATA: OTT platform Zee5 has announced a content partnership with TVF (The Viral Fever). After introducing Radhe: Your Most Wanted Bhai and Friends: The Reunion last month, the platform has now amped up its existing robust content library with more content of inherently Indian stories that resonate with entertainment seekers across the country.

    The partnership includes the launch of originals and new seasons of iconic TVF shows on its SVOD platform, along with popular cult favourites that will be accessible to all, on its AVOD platform.

    Zee5 has an exclusive line-up of new seasons of acclaimed TVF shows such as Pitchers Season 2, Tripling Season 3, Humorously Yours Season 3, and other popular titles like Engineering Girls Season 2 and The Aam Aadmi Family Season 4.  The platform will enrich its bouquet of content offerings with the addition of 13 exciting TVF shows to its AVOD platform, it announced on Monday.  In addition to the existing seasons of these shows, iconic titles like Permanent Roommates, Tech Conversations with Dad, Awkward Conversations, PA-Gals, Inmates, Weekends, The Insiders, Zeroes will be accessible to all.

    Zee5 India chief business officer Manish Kalra said, the company’s focus for this year is ‘Entertainment Inclusion’, to ensure everybody, irrespective of the demographic and language preference, has access to purposeful entertainment on ZEE5. “Over 60 per cent of our audience comes from Hindi-speaking markets and TVF caters perfectly to that group. Being a customer-obsessed platform, we are delighted to bring these much-loved and iconic TVF shows to our platform to further enhance our extensive library of purposeful, multilingual, and diverse titles. Going forward, we will continue to satiate viewer’s appetite for entertainment by offering them a robust slate of differentiated stories in the language of their choice and at their fingertips, reinforcing our positioning as the Multilingual Storyteller for millions of entertainment seekers,” Kalra added.

    Zee Entertainment Enterprises Ltd president (content & international markets) Punit Misra said, “Consumer obsession is the cornerstone of our content design thinking on Zee5. Our partnership with TVF is driven by that same obsession, as we seek the love and advocacy of both the OTT native youth audience as well as family audiences. Bringing in a mix of iconic shows and characters on one hand, and heart-warming new shows on the other, we hope to truly delight our viewers.”

    The OTT platform is planning to build a strong repository of purposeful content and democratizing access to quality entertainment across the country, it said on Monday.

    TVF founder Arunabh Kumar, said TVF has been trying to push the boundaries with its characters and stories. “We are confident that with the power of the Zee5 platform, our teams and stories will win the hearts of millions of new viewers across the country and the world over. With this collaboration, we are looking forward to creating real magic, not just bringing the best of TVF on the platform but also creating memorable new seasons and shows that our viewers and fans can thoroughly enjoy,” he added.

    “We are excited to team up with TVF, the creators who put streaming content on the map in this country. Their stories inspire an instant connect as their slice-of-life shows closely mirror the viewers’ lives, with a charming ensemble of characters having relatable quirks brought alive by some very talented actors,” Zee5 India Hindi originals head Nimisha Pandey said.