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Tag: ZMCL

  • Zee News unveils India’s first media-led deepfake detection system

    Zee News unveils India’s first media-led deepfake detection system

    MUMBAI: Truth just got a new tech ally. Zee News, in collaboration with Neural Defend, has rolled out India’s first AI-powered deepfake verification system for the news media, putting advanced fact-checking directly in the hands of citizens.

    The initiative comes at a time when deepfakes and AI-generated misinformation are fast eroding public trust. Studies reveal that nearly 96 per cent of manipulated videos slip past the average viewer undetected, threatening journalism and democracy alike. By offering a simple drag-and-drop interface where users can upload videos, images, or audio files for instant verification, Zee News is making authenticity accessible to everyone.

    Unveiling the platform during a prime-time broadcast, managing editor Rahul Sinha urged viewers to test any suspicious video themselves. “Trust is the new benchmark,” added  ZMCL marketing head Anindya Khare, noting that the system not only safeguards audiences, particularly younger, digital-first viewers but also provides advertisers with a brand-safe environment rooted in credibility.

    On the tech front, ZMCL CTO Vijayant Kumar explained that Neural Defend’s AI engine can detect even the most sophisticated manipulations within seconds. “This is not just innovation for today but a safeguard for tomorrow’s information ecosystem,” he said.

    By integrating deepfake detection across TV, web, and digital platforms, Zee News is cementing its position as a technology-first newsroom, one that is not only reporting the truth but also helping audiences verify it.

     

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

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

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

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

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

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

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

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

  • Zee News introduces new tech show ‘Out of the Box’

    Zee News introduces new tech show ‘Out of the Box’

    Mumbai: Zee News has launched a brand new tech show ‘Out of the Box’ to provide its viewers thorough exploration of the technology space. Positioning itself as a one-stop destination for tech enthusiasts, the show features a rich blend of content that includes insights from the world of technology, discussions with industry leaders, product reviews, useful smartphone tricks and hacks, and a lot more. ‘Out of the Box’ gets aired every Sunday at 2:30 PM on Zee News, and is hosted by Ayaz Farooqi, who has recently joined ZMCL as lead- tech and AI. Plans are in motion to expand it to Zee Business and Zee News’ regional channels as well.

    What makes ‘Out of the Box’ a one of a tech extravaganza is its thematic use of AI avatars, which gives the show a contemporary and futuristic feel. There’s a special segment featuring popular tech influencers that fosters conversations about the latest technology and trends with a pinch of humour.

    The show also emphasises on educating viewers about cyber security by assisting them in defending themselves against digital threats. This aspect makes ‘Out of the Box’ not just informative but also essential viewing in today’s digitally driven world.

  • Zee Business and WION triumph at NT Awards 2023, sets a new standard for excellence

    Zee Business and WION triumph at NT Awards 2023, sets a new standard for excellence

    Mumbai: Zee Business and WION, the flagship channels of Zee Media Corporation Ltd (ZMCL), have emerged as unrivalled leaders at the NT Awards 2023 and secured a remarkable total of 17 wins across diverse categories. This stellar achievement not only cements their leadership position but also highlights their unwavering commitment to delivering impactful and innovative content.

    Zee Business, a frontrunner in the industry, clinched a victory in five significant categories, showcasing its industry prowess. The compelling ‘Budget – Shining India’ promo secured the prestigious ‘Promo for a Show’ award, while the informative daily news bulletin ‘India 360’ earned the ‘Daily News Bulletin’ award. The thought-provoking ‘News Par Views’ was recognized with the ‘Business Talk Show’ award, and the ground-breaking ‘Budget Metaverse’ was honoured with the coveted ‘Technological Innovation in News Television’ award.

    Meanwhile, WION, the global news network, also celebrated a dozen wins spanning diverse categories, showcasing its global appeal and relevance. The impactful ‘World at War’ secured the ‘Current Affairs Special’ award, the engaging ‘WION Sports’ earned the ‘Sports News Show’ award, and the captivating ‘The Good Life’ clinched the ‘Lifestyle and Fashion News Show’  award and many more. The efficient team of journalists and a series of prime-time shows present reliable reportage of unfiltered truth, unleashing the on-ground reality for a globalized united world.

    WION and Zee Business chief business officer Madhu Soman expressed his enthusiasm, saying, “Zee Business and WION have been successfully setting new standards of excellence, and we will continue pushing the boundaries. We go beyond headlines, and these awards motivate us to keep delivering news that not only informs but also resonates with the hearts and minds of our audience. In a rapidly evolving media landscape, these awards validate our strategic approach and commitment to staying at the forefront of news and storytelling.”

    ZMCL marketing head Anindya Khare further added, “Our success at the NT Awards is a testament to the collaborative efforts of our talented teams and our unwavering commitment to quality journalism. As we celebrate these wins, we look forward to continually innovating, exploring new horizons, and ensuring that we remain synonymous with excellence in news and content creation.”

    Zee Business and WION remain steadfast in their commitment to providing the global audience with news that goes beyond headlines, resonating with hearts and minds.

  • ZMCL chief revenue officer Manoj Jagyasi moves on

    ZMCL chief revenue officer Manoj Jagyasi moves on

    Mumbai: Manoj Jagyasi has quit as Zee Media Corporation Limited (ZMCL) chief revenue officer, ending his 1.9 years stint with the company, sources confirmed to Indiantelevision.com 

    Having joined ZMCL in 2020 as executive cluster head – sales, Jagyasi was promoted as CRO in April 2021. Prior to this, he was executive cluster head – revenue for Zee Entertainment Enterprise Ltd.

    At ZMCL, Jagyasi was responsible for the top-line revenue for all 11 news channels of the Group. He is credited for turning around the regional news cluster for the organization, across all markets like West Bengal, Maharashtra, Gujarati and the North belt.

    Jagyasi has nearly 15 years of experience in business development and sales across industries including television, radio, internet, and FMCG. He has been associated with brands like ZEE Unimedia Ltd., ETV News Network at TV18, iTV Network – India News, HUL and India Today.

  • Despite revenue drop ZMCL EBITDA up in FY 2020

    Despite revenue drop ZMCL EBITDA up in FY 2020

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

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

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

    Operating revenue break up

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

    Let us look at the other numbers reported by ZMCL

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

  • ZMCL appoints Amitabh Kumar as additional director

    ZMCL appoints Amitabh Kumar as additional director

    MUMBAI: Zee Media Corporation Ltd's (ZMCL) board of directors has approved the appointment of Amitabh Kumar as an additional director in the category of non-executive non-independent director with effect from 26 March 2020 until the conclusion of the ensuing annual general meeting of the company to be held in the calendar year 2020.

    Kumar's appointment has been done on the basis of recommendations of the nomination and remuneration committee, confirming that he is not debarred from holding the office of director pursuant to any SEBI order or any other authority, the company said in a stock-exchange filing. 

    Kumar is a technology leader in the media and telecom industry. He is an Electronics Engineering Graduate (Gold Medalist) from BITS Pilani. He also holds PG Diploma in Telecommunications Management from TEMIC Canada and Certification in Electronics Data Interchange from DEAKIN University, Australia.

    He has served as director operations in VSNL from 1995 to 2001 and was also acting chairman and managing director in year 1998- 99, where he had a key role in setting up India's first internet services. He has also served on the board of governors of Intelsat and was council member of Commonwealth Telecommunications Organization {CTO). 

    He has been the president -technology in the Zee Network from 2001 till 2004, being responsible for global broadcast operations spanning to 150 channels and in Dish TV India from 2004 till 2013, where he played a major role in setting up operations for India's first DTH operator. 

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

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

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

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

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

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

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

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

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

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

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

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

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

  • Zee Media CFO Sumit Kapoor steps down

    Zee Media CFO Sumit Kapoor steps down

    MUMBAI: Zee Media Corporation Ltd (ZMCL) chief financial officer (CFO) Sumit Kapoor has resigned from his position. His resignation will come to effect from 13 September.

    “This is to inform you that Sumit Kapoor has decided to pursue interest outside the company and has accordingly resigned from the statutory position of chief financial officer of the company with effect from close of business on 13 September 2019,” ZMCL informed the Bombay Stock Exchange in a filing.

    Kapoor had been appointed as the CFO of the company in December 2016. Kapoor, a commerce with MBA from IIT Roorkee (with specialisation in finance & marketing) who has also completed one-year Certificate Programme in Management and Leadership from Harvard Business School, Boston.

    Kapoor is a senior professional with experience of nearly two decades in business strategy and planning, investment proposals (national/international) and investors relations with various corporate houses including Monnet Group, E&Y, CB Richard Ellis and Deloitte.