Zee Telefilms announces new plans during AGM

MUMBAI: Zee Telefilms has hired American Insurance Group subsidiary, and SSKI as merchant bankers to divest upto 20 percent stake in MSO Siticable. AIA Capital, investment banking arm of AIG will oversee the equity dilution. The funds will help fund Zee's Hybrid Fiber Co-axial network planned in 26 cities over the next two and a half years. . The project is estimated at Rs 25,000 million, and is being implemented by Zee Interactive Multimedia. Siticable's equity plans are expected to be finalised in the next three months. At the Annual General Meeting yesterday, Zee Telefilms Chairman Subhash Chandra said that revenues in the first six months of this fiscal year are expected to be more than Rs. 450 crores, a 30 percent increase over the corresponding period last year's Rs. 346 crores. But," profit growth may not be 30 percent due to new initiatives and extraordinary debts," Chandra cautioned.

Zee which has eight pay channels, will include Zee TV, Zee News and Zee Music as a part of the DTO bouquet by March 2001. In the southern TV language front, while Kannada language channel 'Kaveri' has launched, Tamil and Telugu language channels will start operations in 2000-2001. Zee plans to launch a sports channel by the first quarter 2001, and will start a test run with 6-8 hours of programming by December 2000. The network will expand the scope of its education channel, Zee Education.

Zee is also re-negotiating with state-owned broadcaster DD for paring down the minimum guarantee of Rs 4,500 million it has given for marketing air time during DD's telecast of matches organised by the Indian cricket board for the next four years. Zee expects to bring down the minimum guarantee by Rs 700 million. AT Kearney, who are looking at restructuring and corporate governance, will submit their report in 6-8 weeks, Chandra said at the AGM.

Latest Reads
Shemaroo's third quarter numbers improve, digital revenue increases

BENGALURU: Indian integrated media content house Shemaroo Entertainment Ltd (Shemaroo) reported 15.3 percent higher y-o-y consolidated total revenue for the quarter ended 31 December 2017 (Q3 2018, the quarter under review) at Rs 132.85 crore as compared with Rs 115.22 crore in Q3 2017. Revenue...

Television Production House Online Content
&Prive to showcase top notch film titles at prime time

MUMBAI:  Ooh la la! Zee Entertainment Enterprises Ltd's premium English movie channel &prive has even bigger plans to tickle the fancy of its exclusive audience. The channel has announced that its prime time programming slot from 9 pm to 12 pm every day will feature some very recent gee-whiz...

Television TV Channels English Entertainment
Star India gets IPL to change match timings for 11th edition

MUMBAI: When Star India announced that it was coughing up a jaw dropping Rs 16,347.50 crore to acquire the all media rights of the prized IPL, it signaled an era of change. And more of that is coming. Star India  has managed to convince the The IPL governing council (GC) to change the timings for...

Television TV Channels Sports
FOODFOOD announces veeba cook off powered by Daawat Basmati Rice and Tata Sampann

Cooking doesn’t get tougher than this! FOODFOOD Pro an initiative of FOODFOOD, India's premier 24x7 Food and Lifestyle channel is proud to announce an intense and exciting eleven - episode series, VEEBA COOK-OFF, a challenge, that is purely ‘By the Professionals and For the Professionals'. This...

Television TV Channels Factual & Documentary
Celebrate Republic Day with megastar league on Sony Max 2

MUMBAI: On Republic Day get ready for an all day long movie marathon with India’s iconic Hindi movie channel from Sony Pictures Networks, SONY MAX 2. Binge-watch the movies of some of Bollywood’s megastars throughout the day on 26th January with SONY MAX 2’s Megastar League. 

Television TV Channels Movie Channels
2017 blockbuster hit 'Golmaal Again' will make its television premiere on star gold this friday

Star Gold is kicking off the year with the World Television Premiere of one of the most succesful films of 2017, Golmaal Again, that raked in over 200 crores at the box office and set it on fire with its unmatched gags and action. The film that left audiences in splits of laughter and many ‘...

Television TV Channels Movie Channels
BBC Worldwide India announces partnership with Applause Entertainment

BBC Worldwide India has announced a partnership with Aditya Birla Group’s Applause Entertainment that will see the two organisations working together to develop and produce Indian versions of iconic BBC formats.

Television Production House Non-Fiction
Bring in Republic Day with the award-winning political comedy VEEP on Star World

Our 68th Republic Day is just around the corner and considering the political scenario in our country and globally, Star World has lined-up a marathon of a show that is not only entertaining but also takes a satirical view into what goes on behind-the-scenes in government policy-making and...

Television TV Channels English Entertainment
ZEEL president - Legal & Regulatory Affairs, Mr. Avnindra Mohan conferred prestigious "CA Distinguished Achiever - 2017" Award by ICAI

Mr. Avnindra Mohan, President – Legal & Regulatory Affairs, Zee Entertainment Enterprises Ltd has been selected as the winner of the prestigious award in the category “CA Distinguished Achiever-2017” for exceptional performances and achievements by the Institute of Chartered Accountants of...

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories