Television

Zee, Rajshri Pictures ink film distribution deal

NEW DELHI/MUMBAI: Having brought in Nittin Keni as the CEO of the company's films division, the Subhash Chandra-promoted Zee Telefilms today announced a tie-up with one of the biggest film production houses in India, Rajshri Pictures. The deal involves domestic distribution of Hindi and other language films throughout the country.

In "Zee-Rajshri Film Distribution", an exclusive tie-up between the two companies will distribute films, produced, co-produced and acquired by both companies through more than 20 distribution offices all over India. The current network of Rajshri will be modernised and linked for easy and transparent flow of box office information. This will enable easy access of information to producers.

Zee had recently said that it has big plans for film business and three movies from its stable are in the pipeline in various stages of production.

A formal announcement to this effect was made this evening by Chandra and representatives of the Barjatya family, which owns and controls Rajshri Productions, one of the oldest production houses of India and credited with India's all-time mega-hit Hum Aapke Hain Kaun.

Speaking at the occasion Chandra said, "I am glad that this new development will harness the potential of the industry and address the paradigm shift that is taking place globally in the field of cinema. At the same time our group will continue to address issues of the film industry especially piracy, entertainment tax etc".

Present at the occasion Kamal Kumar Barjatya of Rajshri pictures said, "This platform shall be available to the entire film industry as a single window service with access to the majority of the best movie theatres spread across the country."

Commenting on new initiative, Keni said, "Beside being a distribution service provider, we also intend to offer marketing services to producers as their 'marketing partners' for selective projects which, are at the conceptual or pre-launch stage. This will enable producers to get the best yield through exploitation of films from not only domestic market but also overseas. This is not only for theatrical exploitation but from all the windows of exploitation of movies, whether it is DVD, home video, TV, audio, satellite etc."

Film industry sources said the revenue sharing would be done on the basis of mutual agreements.

Far from being a simple process, over the years film distribution has evolved into a complex structure where films are sold and distributed under various permutations and combinations, including the film producer also taking a direct hit if the film fails and the distributors' margins too growing phenomenally.

However, what is not clear at the moment is whether the distribution deal would also give Zee Telefilms free access to Rajshri-produced films, most of which have set the cash box jingling, to be aired on Zee's TV channels.

Film industry sources indicated the deal may dwell on this aspect too wherein it is possible that Zee Telefilms would get the broadcast rights for past and future films from the Rajshri stable at prices cheaper than the prevailing market rates.

Meanwhile, news about the impending Zee-Rajshri merger/acquisition deal sparked off activity at the Zee Telefilms counter on the stock exchanges earlier today.

At 1400 hrs. the company's scrip was being quoted on the National Stock exchange at Rs. 140.30, up 7.14 per cent or Rs. 9.35. The last closing rate of Zee was Rs. 130.95. At the Bombay Stock Exchange at 13.47 hrs., the stock was being quoted at Rs. 139.20, up 6.06 per cent.

The Zee scrip touched a year high of Rs 151.90 on 6 November and a low of Rs 60.15 on 31 March.

Market analysts are bullish on the Zee scrip. CNBC TV 18 quoted technical analyst Rajat Bose advising holding on to Zee scrip as it was looking strong on charts. "Trading above Rs 135-137, Zee is likely to reach a target of Rs 143. That is where it is likely to see a fair bit of resistance," Bose told the business channel in the forenoon.

Queried as to the reasons for the sharp rise in the scrip, a market analyst, on condition of anonymity, said it could be partly linked to reports that had appeared in two financial dailies today, both of which he said, were factually incorrect.

Zee Telefilms Limited, which reported a total earning of Rs 3,231 million and a net profit of Rs 700.8 million for the quarter ended 30 September 2003, is India's largest vertically integrated media and entertainment company. It has an integrated range of businesses, encompassing the content-to-consumer value chain of media and entertainment.

The company is the largest producer and aggregator of Hindi programming in the world, with more than 30,000 hours of original programming in the library and was ranked as the ninth most popular brand within a decade of its launch in the early 1990s. Siti cable, the cable arm of the company, is the largest MSO in India with an estimated reach of over 6.5 million households.

Boasting multiple distribution platforms, the Zee Network reaches an estimated 225 million viewers in over 80 countries globally, including the USA, Canada, Europe, Africa, the Middle East, Australia and New Zealand.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/14/bob.jpg?itok=zPgBgsME
Disney to buy 21st Century Fox assets for $52.4 billion

The Walt Disney Co has set up a $52.4 billion, all-stock deal to acquire 20th Century Fox and other entertainment and sports assets from Rupert Murdoch’s empire.

Television TV Channels Movie Channels
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/14/mania.jpg?itok=Jb64uy53
MOVIES NOW brings #StopDreamingAndStartWinning with 100 Mania Season 5 for its viewers

Movies Now, India’s english movie channel, rings in the festive season with its property ‘100 Mania’, beginning Friday, 15 December at 9pm. In its 5th season, the channel has curated a line-up of some of the biggest Hollywood blockbusters like Furious 7, Jurassic World, Disney’s The Jungle Book,...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/14/spn.jpg?itok=yceBilrp
SPN India to telecast Real Madrid vs Barcelona at 4:30 pm

Less than two weeks to Christmas and Sony Pictures Sports Network (SPSN) launches its “Christmas Comes Early” campaign as a build-up to the biggest football clash of the year, El Clasico.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/14/Jayantilal_Gada.jpg?itok=-ygDcfK4
PEN to launch Hindi music channel Dream TV

MUMBAI: Despite the glut of pure-play Hindi music channels on television today, Popular Entertainment Network (PEN) is adding one more to the fray. The new channel, called Dream TV, will provide 24-hour programming.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/14/Bert_Habets.jpg?itok=_3lbVIV6
RTL Group restructures top management

MUMBAI: There’s change at the top at RTL Group–which owns Fremantle Media and operates a clutch of 61 TV channels–including RTL CBS and RTL CBS Extreme–and 30 radio stations in Europe. At his own behest, Guillaume de Posch will step down as co-CEO of RTL Group, effective 1 January 2018. He will...

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/13/james.jpg?itok=rGws6itt
Disney expected to announce 21 CF buyout tomorrow: media reports

The Mouse House is closing in on the Fox. Media reports have emerged that Disney’s bid to acquire the Murdoch-owned 21st Century Fox (21 CF Fox) group’s entertainment assets is near closure. The price being talked about is anywhere between $60 billion and $68 billion and an announcement is...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/13/zee-tamil.jpg?itok=zryzfAwz
World television premiere of Maragadha Naanayam on Zee Tamil

Zee Tamil announced the world television premiere of critically acclaimed Maragadha Naanayam – the fantasy-comedy-thriller film that features Aadhi Pinisetty and Nikki Galrani on Sunday, 17 December at 4:00 PM only on Zee Tamil. Written and directed by ARK Saravan, the movie is a perfect blend of...

Television TV Channels Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/12/colp.jpg?itok=xKojrAKq
Republic TV to track real-time data for Gujarat elections

MUMBAI: Republic TV has partnered data-science company Gramener to track real-time data, along with analysis, during the Gujarat elections. According to a release sent by Republic TV, “Gramener will help enhance the visual look both on-air and on Republic’s digital platforms to present the data in...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/12/nakul1.jpg?itok=n95iPoI2
Nakul Chopra is new BARC chairman

MUMBAI: Nakul Chopra, currently president of Advertising Agencies Association of India (AAAI) and senior advisor of Publicis Communications, has been elected as the next chairman of BARC India. Chopra succeeds Viacom18 group CEO Sudhanshu Vats, who has completed his one-year tenure as chairman.

Television TV Channels Viewership

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories