ITV

Tag: ZMCL

  • Zee’s Sharlton Menezes joined LeEco’s new Content Business as head of strategy; Debashish Ghosh to be the COO

    Zee’s Sharlton Menezes joined LeEco’s new Content Business as head of strategy; Debashish Ghosh to be the COO

    MUMBAI: Former biz head of Original Digital Content at Zee Digital Convergence has joined chinese technology giant LeEco as head of strategy of Content Business effective since May 23 2016. He will be responsible for overall strategy of Le Eco’s soon to be announced content business in India that will include an Over-The-Top video service. In addition to that he will also oversee the new marketing and membership initiatives put forth by the company.

    Menezes is expected to directly report to the newly christened COO of the content business. As reported earlier by Indiantelevision.com, Menezes’ former senior and ZMCL CEO Debashish Ghosh is set to take over as the COO at LeEco’s new content outfit by June 1. In what industry called ‘a major reshuffle’, both Menezes and Ghosh left their former portfolios at ZMCL earlier in May.

    As per a source close to the development the new content business, details of which is expected to be announced by June 8, will run separate but parallelly with the company’s already established technology business in India. It is to be noted that LeEco is well known for its content business in the home country, often referred to as the ‘Netflix of China’ and word has it that the technology giant is taking a similar route with its business strategy in Indian market.

  • FY-16: Zee Media board proposes 15 percent dividend

    FY-16: Zee Media board proposes 15 percent dividend

    BENGALURU: The board of Zee Media Corporation Limited (ZMCL), the erstwhile Zee News Limited has recommended payment of equity dividend of Re. 0.15/- per equity share of Re. 1/- each (equivalent to 15 percent on the paid up equity capital), to the equity shareholders for the year ended 31 March 2016 (FY-16, current year). Despite almost flat standalone (up by 0.9 percent) revenue in FY-16 as compared to FY-15, the company has reported more than triple the stand alone profit at Rs 18.75 crore (4.9 percent PAT margin) as compared to Rs 6.17 crore (1.6 percent margin). The company has reported a drop in expenses for the current year as compared to the previous year.

    ZMCL reported standalone total income from operations (revenue, TIO) of Rs 383.61 crore in FY-16 as compared to Rs 380.33 crore in FY-15.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    The ZMCL board also took on record the resignation of Subhash Chandra as director and non-executive chairman of the company with effect from May 24, 2016; and

    The ZMCL boards has, based on recommendations of nomination and remuneration committee, approved appointment of R K Arora, CEO as an additional director and upon such appointment, his appointment as an executive director & CEO of the Company for a period of 3 years with effect from May 24, 2016.

    Let us look at the other numbers reported by ZMCL

    On a consolidated basis, TIO declined marginally by 0.3 percent to Rs 542.91 crore in the current fiscal from Rs 544.33 crore in FY-15. The company reported consolidated profit before tax (PBT) of Rs 2.87 crore in the current year as compared to a consolidated loss before tax of Rs 55.51 crore in FY-15.

    Revenue from ZMCL’s Television segment in FY-16 increased 3 percent to Rs 434.59 crore from Rs 422.12 crore in FY-15. ZMCL’s Television segment reported EBIDTA of Rs 79.99 crore in the current year as compared to Rs 59.57 crore in the previous year.

    Revenue from the print segment declined 24.4 percent to Rs 108.53 crore in FY-16 from Rs 143.62 crore in FY-15. Print segment reported an operating loss of Rs 0.2 crore as compared to an operating loss of Rs 21.41 crore in FY-15.

    ZMCL’s advertising revenue in FY-16 increased 1.8 percent to 401.15 crore from Rs 393.88 crore in FY-15. Advertising revenue from existing television channels in FY-16 increased 1.3 percent to Rs 302.12 crore as compared to Rs 296.74 crore in FY-15. Advertising revenue from new channels in FY-16 more than doubled (2.02 times) to Rs 29.71 crore from Rs 13.81 crore in FY-15.

    Subscription revenue in the current year declined 9.8 percent to Rs 102.39 crore from Rs 113.54 crore in the previous year. Other sales and services revenue in FY-16 increased 6.7 percent to Rs 39.37 crore as compared to Rs 36.91 crore in FY-15.

    Total consolidated expense in FY-16 declined 8.1 percent to Rs 465.12 crore from Rs 506.17 crore.

    Cost of goods and operations in FY-16 declined 15.8 percent to Rs 132.87 crore from Rs 157.90 crore. Employee cost in the current year declined 8.3 percent to Rs 147.35 crore from Rs 160.66 crore in FY-15. Other expenses declined 1.4 percent to Rs 184.90 crore in FY-15 from Rs 187.61 crore in the previous year.

    Company speak

    ZMCL executive director and CEO RK Arora said: “The Indian economy continues to outperform other major economies of the world. Forecast for a good monsoon season is expected to further fuel the growth. With the macroeconomic environment promising a bright future, the media and entertainment industry is expected to use the emerging opportunities – increased ad spends – to chart a robust growth path. We at ZMCL have adopted a three pronged approach for innovation and growth. For our advertisers, we are constantly bringing out new innovations to maximize their return on investment. For our audience, our endeavor is to provide differentiated, innovative, and positive news content which cuts through the morass of the market. For our shareholders, we are constantly striving to use technology and enhance processes to establish industry benchmarks. Our significantly improved profit margins point towards the success we have achieved in our endeavours.”

     

  • FY-16: Zee Media board proposes 15 percent dividend

    FY-16: Zee Media board proposes 15 percent dividend

    BENGALURU: The board of Zee Media Corporation Limited (ZMCL), the erstwhile Zee News Limited has recommended payment of equity dividend of Re. 0.15/- per equity share of Re. 1/- each (equivalent to 15 percent on the paid up equity capital), to the equity shareholders for the year ended 31 March 2016 (FY-16, current year). Despite almost flat standalone (up by 0.9 percent) revenue in FY-16 as compared to FY-15, the company has reported more than triple the stand alone profit at Rs 18.75 crore (4.9 percent PAT margin) as compared to Rs 6.17 crore (1.6 percent margin). The company has reported a drop in expenses for the current year as compared to the previous year.

    ZMCL reported standalone total income from operations (revenue, TIO) of Rs 383.61 crore in FY-16 as compared to Rs 380.33 crore in FY-15.

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore
    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

    The ZMCL board also took on record the resignation of Subhash Chandra as director and non-executive chairman of the company with effect from May 24, 2016; and

    The ZMCL boards has, based on recommendations of nomination and remuneration committee, approved appointment of R K Arora, CEO as an additional director and upon such appointment, his appointment as an executive director & CEO of the Company for a period of 3 years with effect from May 24, 2016.

    Let us look at the other numbers reported by ZMCL

    On a consolidated basis, TIO declined marginally by 0.3 percent to Rs 542.91 crore in the current fiscal from Rs 544.33 crore in FY-15. The company reported consolidated profit before tax (PBT) of Rs 2.87 crore in the current year as compared to a consolidated loss before tax of Rs 55.51 crore in FY-15.

    Revenue from ZMCL’s Television segment in FY-16 increased 3 percent to Rs 434.59 crore from Rs 422.12 crore in FY-15. ZMCL’s Television segment reported EBIDTA of Rs 79.99 crore in the current year as compared to Rs 59.57 crore in the previous year.

    Revenue from the print segment declined 24.4 percent to Rs 108.53 crore in FY-16 from Rs 143.62 crore in FY-15. Print segment reported an operating loss of Rs 0.2 crore as compared to an operating loss of Rs 21.41 crore in FY-15.

    ZMCL’s advertising revenue in FY-16 increased 1.8 percent to 401.15 crore from Rs 393.88 crore in FY-15. Advertising revenue from existing television channels in FY-16 increased 1.3 percent to Rs 302.12 crore as compared to Rs 296.74 crore in FY-15. Advertising revenue from new channels in FY-16 more than doubled (2.02 times) to Rs 29.71 crore from Rs 13.81 crore in FY-15.

    Subscription revenue in the current year declined 9.8 percent to Rs 102.39 crore from Rs 113.54 crore in the previous year. Other sales and services revenue in FY-16 increased 6.7 percent to Rs 39.37 crore as compared to Rs 36.91 crore in FY-15.

    Total consolidated expense in FY-16 declined 8.1 percent to Rs 465.12 crore from Rs 506.17 crore.

    Cost of goods and operations in FY-16 declined 15.8 percent to Rs 132.87 crore from Rs 157.90 crore. Employee cost in the current year declined 8.3 percent to Rs 147.35 crore from Rs 160.66 crore in FY-15. Other expenses declined 1.4 percent to Rs 184.90 crore in FY-15 from Rs 187.61 crore in the previous year.

    Company speak

    ZMCL executive director and CEO RK Arora said: “The Indian economy continues to outperform other major economies of the world. Forecast for a good monsoon season is expected to further fuel the growth. With the macroeconomic environment promising a bright future, the media and entertainment industry is expected to use the emerging opportunities – increased ad spends – to chart a robust growth path. We at ZMCL have adopted a three pronged approach for innovation and growth. For our advertisers, we are constantly bringing out new innovations to maximize their return on investment. For our audience, our endeavor is to provide differentiated, innovative, and positive news content which cuts through the morass of the market. For our shareholders, we are constantly striving to use technology and enhance processes to establish industry benchmarks. Our significantly improved profit margins point towards the success we have achieved in our endeavours.”

     

  • Zee is most trusted television brand: Brand Trust Report 2016

    Zee is most trusted television brand: Brand Trust Report 2016

    BENGALURU: Last year, the Subhash Chandra led Zee brand was ranked at first place in the Media category in Blue Lotus Communications’ Most Attractive Brands 2015 Report (MAB 2015) by the TRA (formerly Trust Research Advisory). This year, the sixth edition of the Brand Trust Report (BTR) brought out by the same company, ranks Zee as the most trusted brand in the Media–TV category.

    Zee is also the most trusted brand in the Hindi GEC category as per the report.  Zee’s ranking among the top 1,000 trusted brands in India has improved by 15 places to 176 all India in BTR-2016 from 191 in BTR-2015. Overall, across all categories of Media in India, Zee is the third most trusted brand in India as per BTR-2016.

    In the Media-TV category, Zee is followed by Star Gold and Zee News in descending order of BTR ranks.

    In the Television Hindi-GEC category, Zee is followed by Star Gold at second place which at BTR rank of 224. Star Gold has entered the list for the first time. Star Plus at third place has BTR ranking of 328 in 2016 as compared to 579 in 2015.

    As per the report, Zee Media Corporation’s Zee News is the most trusted brand in the Television-Hindi News category and the third most trusted brand in the Media-TV category. Zee News has entered BTR’s most trusted 1,000 brands with a ranking of 226, just two places lower than Star Gold.

    In the Television-Hindi-News category, Zee News is followed by Aaj Tak with a BTR ranking of 238 in 2016 as compared to 947 in the previous year’s edition. ABP News stands at third place in the category with a rank of 436, declining by 84 places from the rank of 352 in BTR-2015. Television-English News has only one entry-BBC with a BTR-2016 ranking of 538 as compared to a BTR-2015 ranking of 583.

    In BTR-2016, Hindustan Times leads all media brands across all media categories in India with a BTR rank of 112, with an improvement of 316 ranks. Last year Hindustan Times had a BTR rank of 428. As mentioned above, overall among all Media brands, Zee stands at number 3, behind Fever FM which has entered the BTR rankings with a rank of 156 this year.

    In the Media-Radio FM category, Fever FM is followed by 92.7 Big FM with a BTR rank of 370 in 2016 as compared to a BTR rank of 890 last year. At third place is 98.3 Radio Mirchi FM with a BTR rank of 533 in this year as compared to a BTR rank of 904 last year.

    Hindustan Times leads the Media-Print category in Newspapers-English, followed by The Times of India with a BTR ranking of 205 in 2016 as against a ranking of 340 last year. ZMCL’s print publication DNA stands third in the category with a BTR rank of 240 in this year as compared to a rank of 626 last year.

    The Brand Trust Report, India Study, is a comparison of the trust held in brands. TRA says that BTR-2016, the sixth in its series, is the result of a comprehensive primary research conducted on the proprietary 61-Attribute Trust Matrix of TRA. This year’s study involved 18000 hours of fieldwork covering 2,500 consumer-influencers across 16 cities in India and generated 6 million datapoints and 20,000 unique brands from which the top 1000 brands have been listed in this year’s report. The 200 page, hardbound report is available for Rs. 14,000/-.

  • Zee is most trusted television brand: Brand Trust Report 2016

    Zee is most trusted television brand: Brand Trust Report 2016

    BENGALURU: Last year, the Subhash Chandra led Zee brand was ranked at first place in the Media category in Blue Lotus Communications’ Most Attractive Brands 2015 Report (MAB 2015) by the TRA (formerly Trust Research Advisory). This year, the sixth edition of the Brand Trust Report (BTR) brought out by the same company, ranks Zee as the most trusted brand in the Media–TV category.

    Zee is also the most trusted brand in the Hindi GEC category as per the report.  Zee’s ranking among the top 1,000 trusted brands in India has improved by 15 places to 176 all India in BTR-2016 from 191 in BTR-2015. Overall, across all categories of Media in India, Zee is the third most trusted brand in India as per BTR-2016.

    In the Media-TV category, Zee is followed by Star Gold and Zee News in descending order of BTR ranks.

    In the Television Hindi-GEC category, Zee is followed by Star Gold at second place which at BTR rank of 224. Star Gold has entered the list for the first time. Star Plus at third place has BTR ranking of 328 in 2016 as compared to 579 in 2015.

    As per the report, Zee Media Corporation’s Zee News is the most trusted brand in the Television-Hindi News category and the third most trusted brand in the Media-TV category. Zee News has entered BTR’s most trusted 1,000 brands with a ranking of 226, just two places lower than Star Gold.

    In the Television-Hindi-News category, Zee News is followed by Aaj Tak with a BTR ranking of 238 in 2016 as compared to 947 in the previous year’s edition. ABP News stands at third place in the category with a rank of 436, declining by 84 places from the rank of 352 in BTR-2015. Television-English News has only one entry-BBC with a BTR-2016 ranking of 538 as compared to a BTR-2015 ranking of 583.

    In BTR-2016, Hindustan Times leads all media brands across all media categories in India with a BTR rank of 112, with an improvement of 316 ranks. Last year Hindustan Times had a BTR rank of 428. As mentioned above, overall among all Media brands, Zee stands at number 3, behind Fever FM which has entered the BTR rankings with a rank of 156 this year.

    In the Media-Radio FM category, Fever FM is followed by 92.7 Big FM with a BTR rank of 370 in 2016 as compared to a BTR rank of 890 last year. At third place is 98.3 Radio Mirchi FM with a BTR rank of 533 in this year as compared to a BTR rank of 904 last year.

    Hindustan Times leads the Media-Print category in Newspapers-English, followed by The Times of India with a BTR ranking of 205 in 2016 as against a ranking of 340 last year. ZMCL’s print publication DNA stands third in the category with a BTR rank of 240 in this year as compared to a rank of 626 last year.

    The Brand Trust Report, India Study, is a comparison of the trust held in brands. TRA says that BTR-2016, the sixth in its series, is the result of a comprehensive primary research conducted on the proprietary 61-Attribute Trust Matrix of TRA. This year’s study involved 18000 hours of fieldwork covering 2,500 consumer-influencers across 16 cities in India and generated 6 million datapoints and 20,000 unique brands from which the top 1000 brands have been listed in this year’s report. The 200 page, hardbound report is available for Rs. 14,000/-.

  • ZMCL distribution to be handled by Zeel; to launch Wion by Aug 2016

    ZMCL distribution to be handled by Zeel; to launch Wion by Aug 2016

    MUMBAI: Zee Media Corporation (ZMCL) has informed the bourses that it has terminated its distribution arrangement with Taj Television (India) Private Limited (Taj TV) which will now be done by Zee Entertainment Enterprises Limited (Zeel). Taj TV is a wholly owned subsidiary of ZEEL.

    ZMCL has also announced that its board of directors has approved the business plan for the launch of an English News channel Wion (World is One News) in August 2016.

    The board has accorded in-principle approval for a material related party transaction with Zeel, a related party, for distribution of television channels of the company at seven per cent revenue sharing  on the subscription revenue of the television channels of ZMCL. The company will seek approval of the unrelated shareholders for this material related party transaction between ZMCL and Zeel.

    The above approvals were made by the ZMCL board of directors at meeting held on 29 April 2016. During the meeting, the board has also approved the nomination of CEO R K Arora as key managerial person with effect from 29 April 2016. Arora joined ZMCL as COO in May 2015 and was recently elevated to the post of CEO

  • ZMCL distribution to be handled by Zeel; to launch Wion by Aug 2016

    ZMCL distribution to be handled by Zeel; to launch Wion by Aug 2016

    MUMBAI: Zee Media Corporation (ZMCL) has informed the bourses that it has terminated its distribution arrangement with Taj Television (India) Private Limited (Taj TV) which will now be done by Zee Entertainment Enterprises Limited (Zeel). Taj TV is a wholly owned subsidiary of ZEEL.

    ZMCL has also announced that its board of directors has approved the business plan for the launch of an English News channel Wion (World is One News) in August 2016.

    The board has accorded in-principle approval for a material related party transaction with Zeel, a related party, for distribution of television channels of the company at seven per cent revenue sharing  on the subscription revenue of the television channels of ZMCL. The company will seek approval of the unrelated shareholders for this material related party transaction between ZMCL and Zeel.

    The above approvals were made by the ZMCL board of directors at meeting held on 29 April 2016. During the meeting, the board has also approved the nomination of CEO R K Arora as key managerial person with effect from 29 April 2016. Arora joined ZMCL as COO in May 2015 and was recently elevated to the post of CEO

  • ZMCL appoints WION’s Rohit Gandhi as editor-in-chief for its English daily

    ZMCL appoints WION’s Rohit Gandhi as editor-in-chief for its English daily

    MUMBAI: : Zee Media Corporation Limited (ZMCL) announced that its English news channel WION head Rohit Gandhi will take on additional responsibility as editor-in-chief of its English daily DNA. The new appointments will come into effect today,7 April. All editorial functions will henceforth report to Rohit Gandhi.

    Additionally, Shreyasi Goenka, who has been mentoring the content at DNA for a while, will now take the responsibility of content advisor and will guide all functions of DNA. Uday Nirgudkar who has been heading DNA along with Zee 24 Taas, will now continue to lead Zee 24 Taas as its business head.

    Commenting on the new leadership, Essel Group & Zee Media Corporation Limited (ZMCL) chairman Subhash Chandra said, “One of our Vision 2020 goals is to become a leading global media conglomerate which is hugely dependent on our ability to create an organization that has the capacity to achieve its desired aspirations. We believe that the convergence of our media businesses i.e. television news and print platforms is an opportunity that will help us to achieve this organizational aspiration. With Zee Media’s ambition to get into English News broadcasting, both the brands put together give the organization an opportunity to serve our audiences better.”

    Shreyasi Goenka said, “Since its launch in 2005, DNA has become the preferred choice for India’s young and dynamic readers. We have been continuously innovating with offerings like ‘I Am IN – dna of India’, a technology enabled initiative, that promises to enlighten, engage and empower citizens of India in getting involved in the cause for better governance.We are confident that this new seamless organizational structure will bring in fresh insights and views, thus helping us to leverage resources more effectively and in maximizing our market potential.”

    Speaking on his new appointment, Rohit Gandhi said, “We are moving to expand our coverage and the editions of DNA. It is a great opportunity for us to bring more textured content from all parts of India to give our readers a far deeper understanding of India and the world. I look forward to working with Shreyasi in building an insightful newspaper.”

     

  • ZMCL appoints WION’s Rohit Gandhi as editor-in-chief for its English daily

    ZMCL appoints WION’s Rohit Gandhi as editor-in-chief for its English daily

    MUMBAI: : Zee Media Corporation Limited (ZMCL) announced that its English news channel WION head Rohit Gandhi will take on additional responsibility as editor-in-chief of its English daily DNA. The new appointments will come into effect today,7 April. All editorial functions will henceforth report to Rohit Gandhi.

    Additionally, Shreyasi Goenka, who has been mentoring the content at DNA for a while, will now take the responsibility of content advisor and will guide all functions of DNA. Uday Nirgudkar who has been heading DNA along with Zee 24 Taas, will now continue to lead Zee 24 Taas as its business head.

    Commenting on the new leadership, Essel Group & Zee Media Corporation Limited (ZMCL) chairman Subhash Chandra said, “One of our Vision 2020 goals is to become a leading global media conglomerate which is hugely dependent on our ability to create an organization that has the capacity to achieve its desired aspirations. We believe that the convergence of our media businesses i.e. television news and print platforms is an opportunity that will help us to achieve this organizational aspiration. With Zee Media’s ambition to get into English News broadcasting, both the brands put together give the organization an opportunity to serve our audiences better.”

    Shreyasi Goenka said, “Since its launch in 2005, DNA has become the preferred choice for India’s young and dynamic readers. We have been continuously innovating with offerings like ‘I Am IN – dna of India’, a technology enabled initiative, that promises to enlighten, engage and empower citizens of India in getting involved in the cause for better governance.We are confident that this new seamless organizational structure will bring in fresh insights and views, thus helping us to leverage resources more effectively and in maximizing our market potential.”

    Speaking on his new appointment, Rohit Gandhi said, “We are moving to expand our coverage and the editions of DNA. It is a great opportunity for us to bring more textured content from all parts of India to give our readers a far deeper understanding of India and the world. I look forward to working with Shreyasi in building an insightful newspaper.”

     

  • The key is to consolidate Zeel, ZMCL, Zee Digital and DNA business: Ashish Sehgal

    The key is to consolidate Zeel, ZMCL, Zee Digital and DNA business: Ashish Sehgal

    MUMBAI: Zee Entertainment Enterprises Limited (Zeel) had earlier informed BSE that the board of directors of the company at its meeting held on March 29, 2016, inter alia, have approved in-principle the proposal for re-organising advertisement sales and channel distribution functions in the business operations of the company.

    With a view to provide media planners with multiple options across genres and platforms, the Zeel board has approved re-organisation of advertisement sales function under a separate entity formed for the purpose on March 23, 2016 in the name of Zee Unimedia Limited. Zeel Chief Sales Officer Ashish Sehgal will be in charge of the new entity as COO. Speaking to Indiantelevision.com Sehgal said, “The key is to consolidate, Zeel, ZMCL, Zee Digital and DNA business in the first phase and then later on focus on Dish TV too.”

    Sehgal has his eyes on the digital wave, “Digital is growing fast and we will monetise it to the most,” he added.

    On the other hand, ZMCL CEO Bhaskar Das will now serve Zee Unimedia Limited as president and chief growth and innovation officer, “He will be reporting to me” confirmed Sehgal

    To facilitate such reorganisation, the Zeel board has approved acquisition of 100 per cent equity stake comprising of 700 Equity Shares of Rs .10 each of Zee Unimedia Ltd, at par, from the subscribers viz certain employees and key managerial personnel of the company.