Zee TV says it needs time for results to show

The media has been pretty critical of the performance put up by Zee Telefilms in Q1 of FY 2001-002. And it has also been going hell for leather about Zee Telefilms chairman's alleged money manipulations within group companies.

Zee Telefilms CEO R.K. Singh agrees the company appears to be going through rough times. However, he is sanguine that "we are going to ride them over and obtain the accolades in future," he says. "You can't forget that this is a media enterprise which is nine years old. Every corporation has its share of hiccups."

He adds that Zee Telefilms results should be seen in light of the macroeconomy on account of which times are tough for all businesses. "Give us a break, we are aiming to come back, and come back with a vengeance within six months," he says. "Our new programming push will come up trumps."

Singh told CNBC India that the company had booked revenues roughly amounting to Rs 120 million on account of its blockbuster Bollywood success "Gaddar" as minimum guarantees for theatrical distribution. Add to that RS 50 million for music rights. Singh added sale of overseas distribution rights and satellite television rights could bring in RS 250 million to RS 300 million in Q2 Y2K1.

He additionally said that domestic subscription revenues - ever since Zee TV went pay on 10 June - have gone up by RS 35 million to RS 85 million in the Q1 Y2K.

Speaking to, Singh adds that the figure is going to go up further in the next quarter. He points out that Chandra is committed to bringing back the money which had earlier been given to other Essel group companies. "We have received more than RS 1,000 million. The remainder will come in shortly," he says.

Referring to Zee Telefilms' lower profitability he says that was on account of investments in new channels, programming, in Siticable, and further rollout of digital boxes in the UK under the BSkYB platform.

"The scenario is looking bright for us. We are No 2 in prime time. We are leading in the afternoon slot," he says. "Our new programming has received a very good response from advertisers. So we can only go up from here."

Latest Reads
TV is story-teller's new novel; audience is Bharat, not India: Star's Banerjee

MUMBAI: Since five to six years, television has become the talking point. Th series such as 'Breaking Bad' to Transparent to Narcos to 'Game of Thrones' to 24, and now POW (Prisoners of Wars) has changed the experience of television viewing.

Television TV Channels GECs
Star World to air 1-5 of 'Homeland'

Star World and Star World HD is all geared up to air the pulse-pounding action series 'Homeland.' The show tackles geopolitical moral conundrums of our current world. It has recently unveiled the teaser for the upcoming season 6 shows how Carrie Mathison will circumvent around another international...

Television TV Channels English Entertainment
Share all World Cup, T-20 feeds with Prasar Bharati, rights holder told

The telecast of all official one-day and Twenty-20 matches played by the Indian Men’s Cricket Team will henceforth have to be shared by the rights holder with the public broadcaster Prasar Bharati under the Sports Broadcasting Signals (Mandatory Sharing with Prasar Bharati) Act 2007.

Television TV Channels Terrestrial
Saregama returns to film music acquisition with Pen pact

Saregama India has inked a two-movie deal with Pen Movies. With this agreement, Saregama has acquired the music rights of upcoming Bollywood releases of Pen which includes Kahaani 2 -- Durga Rani Singh, featuring Vidya Balan and Arjun Rampal.Kahaani 2 is slated for a release on 2 December.

Television TV Channels Music and Youth
Q2-17: Zeel numbers, PAT up on higher Ad and Subscription revenue

The Subhash Chandra led content and broadcast player Zee Entertainment Enterprises Limited (Zeel) reported a 23 per cent hike in consolidated revenue for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding quarter of the previous year.

Television TV Channels GECs
Best Deal TV appoints Hari Trivedi as COO

MUMBAI: Best Deal TV has appointed Hari Trivedi as the chief operating officer with immediate effect. Based in Mumbai, Trivedi will be responsible for overall sales and marketing. He would also be initializing lowest price offers and deals on Best Deal TV.

Television TV Channels People
Disney announces successor of MD Siddharth Roy-Kapur

MUMBAI: Walt Disney International has announced the successor to its former managing director Siddharth Roy-Kapur. As a second stint with the organization, Mahesh Samat has made a comeback and will lead The Walt Disney Company India as the managing director. He will pursue his new responsibility...

Television TV Channels People
Life is more imaginative than fiction in a story like POW, says writer-director Gideon Raff

MUMBAI: Sometimes, coming back home after 17 years is not always a happy ending. "Prisoners of War" is the story of three Israeli soldiers, who were held captive for that many years following their kidnapping while on a secret mission with their unit.

Television TV Shows Thriller
IPL media rights bidding postponed sine die

MUMBAI: The BCCI has made it clear that the media rights auction cannot take place till the time it gets a concrete go-ahead and a formal approval from the Justice RM Lodha committee. Till the evening of 24 October (Monday), BCCI did not receive the okay from the committee which said, "it is in...

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories