| Indiantelevision.com's
interview with Zee Telefilms director and Zee TV business head Punit
Goenka |
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'Zee
TV presently in investment mode'
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| Posted
on 5 December 2005 |
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When
Zee Telefilms director Punit Goenka was appointed Zee TV business
head in September this year, the industry by and large considered
it a conscious decision taken by Subhash Chandra to groom his elder
son as the successor to the country's largest vertically integrated
media company. For the flagship channel Zee TV, getting a new head
while going through a crucial phase mattered a lot. Programming-wise,
Zee TV had resorted to a lot of experiments and on the marketing
and ad-sales front also, there had been some important shifts.
When
Indiantelevision.com's Sibabrata Das and Bijoy
A K met Goenka on a relaxed Saturday at the Zee Telefilms
headquarters in Mumbai's upmarket Worli suburb, the mood was upbeat.
Speaking for the first time to the media after taking charge as
Zee TV business head, Goenka sounded confident about Zee's plans
for 2006. He put the new game plan in perspective when he said the
company has stopped subscribing to knee-jerk reactions and any plan
put in place will be backed to the hilt and not abandoned mid-way.
Excerpts:
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How do you look at your new role as the business head of Zee TV?
Can we expect any major shifts in the way the channel has been functioning?
It
is an interesting position. Zee TV has had so many business heads.
Yes, it is a tough job. The pressure is so high. To bring stability
in the channel, the company needed someone senior. I find it interesting
as well as challenging. Interesting because, I consider it as a
major role in my own career path. I am committed to deliver on this
challenge.
You can expect one change. We want a planned execution of what we
do. We won't resort to any knee-jerk reactions.
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So
that means, you haven't been executing your strategies in a planned
manner?
I wouldn't say that. Here, internal palpitations happen whenever
crucial projects come up. This I got to know from my sources. There
have been instances when we started a project and left it midway
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Can you give us any examples?
Sawal
Dus Crore Ka and then the 26-programme launch on a single day
are instances. That is what I call knee-jerk reactions. But I can't
comment whether the strategy was right or wrong. Yes, even changing
the business head is a knee-jerk reaction (laughs).
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Can we consider your appointment as the head of Zee Network's flagship
channel a conscious move to establish a family hand on top?
I
don't think so. It is more like using someone who can handle pressure
and bring in stability. I consider myself as one of the Zee professionals,
not as a family hand. But, being a family man, I think I can bring
in stability.
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Zee
TV tried to change its positioning this year by adopting a new brand
strategy as well as targeting younger audiences? Did it meet the
purpose?
Yes. We have started recording better ratings. Though not by
miles, we have started going up by inches. I would say, we have
started inching our way up while the competition's (Star Plus) ratings
are coming down.
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But, the Tam data says it was Star One which capitalised on Star
Plus' loss.
Star
One is a metro market channel while Zee TV is a general entertainment
channel for the entire nation. Zee TV is a super mall which offers
everything on entertainment. We are not concerned about Star One.
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'I
consider myself as one of the Zee professionals, not as a
family hand'
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Zee had brought some major changes this year in its ad sales functioning.
How was the 2005 experience in terms of return on investments? Which
are the new avenues you are targeting to expand ad revenues?
Our new ad sales set up has started delivering. It has been successful
in bringing us good rates and better returns. Ad revenues have definitely
gone up this year. |
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This year saw an increase in programming investments for Zee TV.
We are told that it is as high as 25 per cent. How much exactly?
How has been the RoI so far? How do you rate the growth of the channel
in this calendar year?
Yes, the increase in spends have been in the range of 20 to
25 per cent from last year. We will end up spending about Rs 2.2
billion on this front by the end of this fiscal. This fiscal we
launched about six to eight new programmes. It will take at least
18 months to tell whether a show is delivering or not. So I would
reserve my comments.
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Which are the properties that have stood out in the year for the
channel? Which one you would classify as under-performers?
We have established ourselves as the leaders in the 7:30 pm
time slot with Sinndoor. This was the first time that a Hindi
general entertainment channel had an original series in that time
slot.
The music reality show Sa Re Ga Ma Pa Challenge 2005 has
also been throwing up impressive ratings over the last six weeks.
In fact, it has doubled its ratings compared to that of its earlier
version, which is from 0.78 to 1.7 TVR. We have so far conducted
about six on-ground concerts based on the show and these kinds of
initiatives have helped us to make people reconnect with Zee.
Now
we have a new player in Saath Phere which has started delivering.
On an average, it has been delivering 1.4 TVR. The opening episode
recorded a rating of 3 TVR. Even in its 6:30 pm repeat slot, the
ratings are impressive.
Speaking
about under-performers, I would say, Time Bomb didn't meet
expectations.
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Tell us about your primetime and weekend programming strategies.
For us, prime time is Monday to Friday, from 7:30 pm to 11 pm.
We would like to take one at a time and hence we are yet to review
our weekend strategies.
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You recently launched the second season of Hum Paanch in
the weekend band. But the initial response has been not so hearty
as per the Tam numbers. Isn't strange to see a Balaji product delivering
below average on Zee?
As a product, Hum Paanch 2 has nothing wrong about it.
I would admit that its launch time was not so well-planned. Cricket
and events hit the sitcom on its launch. But we are confident about
the show and it will remain in its present slot.
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'We
will end up spending about Rs 2.2 billion on programming,
by the end of this fiscal'
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But Zee seems to be suffering from the non-stickiness factor. You
are yet to create a tent pole product around which other shows can
be strategically positioned.
It is a slow start. It will take time to give results. Presently,
we are working together with Tam to know where we are lagging on
this front.
If
the game show 'Kam Ya Zyaada works out well, definitely it
will benefit our other prime time shows also. We are very confident
about the show.
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The gameshow Kam Ya Zyaada explores the mobile-based interactivity
factor. Which are the other initiatives being planned to explore
this segment?
Presently, we are digitising 50,000 hours of programming in
association with IBM. This would help us to bring out our content
on every digital platform available. The whole process of digitisation
would be completed by the end of 2006. The total project cost would
be $5-6 million. We are seriously looking at launching mobisodes.
We are identifying our key programming properties for this.
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This year, you had announced Business Baazigar and had even
promoted the product with some below-the-line and On Air Promo (OAP)
campaigns. What is the story behind the Business Baazigar
delay?
The production house 25 FPS has been working on the game show
for us. But now, we are producing it in-house. The switch happened
two months back. The production house had delivered 2,000 hours
of raw content and now we want to refresh and re-package it. There
is still a lot of work to be done. The concept is very much the
same, but we are trying to give the content a new look and feel.
The first season of Business Baazigar will be packed with
20 episodes. It could be a weekly or a bi-weekly.
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But if your present shows start delivering, would it create a situation
of slot unavailability for Business Baazigar?
We have an idea about which slot it would occupy. But I don't
want to reveal it now. You will see more on Business Baazigar
in 2006 and then you will understand why we are protecting this
information.
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There seems to be a conscious move from Zee now as far as guarding
its strategy is concerned. Is this something you have initiated?
I don't know about others. But I believe in this strategy and
want to implement it.
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Then there was a talk of launching the second season of Cine
Stars Ki Khoj. Please elaborate.
We are working on it. First we wanted to fulfill the film commitment
we had made with the first season. Mukta Arts is presently working
with us on the film. We own the World rights for the film while
Mukta owns the India theatrical rights. As soon as the film is completed,
we will plan the second season.
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What delayed the film project?
I don't exactly know why. We had made a conscious decision to
focus on the channel business.
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When are you launching the telefilms block?
It will take time. There is a lot of work pending. We haven't
finalised anything as yet.
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'We
might bring back movies as a monthly feature'
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Which are Zee TV's latest initiatives on research?
As I already said, we have got together with Tam to conduct
a research. We have done various research studies this year so far.
I can't reveal the nature of our research studies for obvious reasons.
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Tell us about your efforts on the technology front.
We have been making good investments in technology to stay ahead
of competition. The effort is to better our production, post-production
and transmission standards.
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Please explain your plans for 2006. What will be the key focus areas?
Where do you expect the growth to come from?
We have finalised our plans for the next quarter. We are planning
three to four programmes for the 2005-2006 fiscal. We have planned
a mix-genre strategy which will have soaps, comedies and reality.
Presently, we are working on the concepts. We are banking on Kam
Ya Zyaada to be a major driver for us.
As
I said earlier, Zee TV has the status of a super mall. Hence, we
might bring back movies. We will have a select bouquet of movies
by the end of this fiscal. However, It won't be a regular feature.
That means, we are not looking at movies as a prime property or
a revenue-driver feature.
Anyway, it is not an overnight job when it comes to turnarounds
or investments. Presently, we can say Zee TV is in an investment
mode.
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What is your take on the other network channels?
Zee Cinema has been maintaining its number one position since
a long time. We are doing well in news. Same is the case with Zee
Marathi. ETC is rocking. We have no competition except for Zee TV.
Zee Café is another Zee channel which has improved tremendously
quality-wise. The channel offers the best line-up today.
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Zee Cinema has been staying away from the trend of telecasting Hollywood
movies dubbed in Hindi. Any plan to enter this segment?
No. Our focus is primarily Hindi movies. We have a strong Hindi
movie library which can drive the channel's growth. This is something
the other two Hindi movie channels don't have. Hence, for us, the
need to acquire Hollywood movies and dub it doesn't arise at all.
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Agrani Satellite Services Ltd (ASSL) is learnt to be in negotiations
with Indian Space Research Organisation (Isro) for a Ku-band satellite.
Are you reviving your satellite plans?
Yes. Isro has sent us a proposal to make a satellite for ASC
Enterprises with 12 Ku-band transponders. We are examining their
proposal. We are also in talks with two other global satellite providers.
We will be finalising in three months whether we want to acquire
or build a satellite. We expect to have the satellite by the third
quarter of 2007.
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How much is the investment planned for the project?
ASSL plans to invest $40-80 million, depending on the capacity
of the satellite it wants to purchase. The cost of a satellite would
be around $4 million per transponder. When we had earlier planned
the Agrani satellite, the cost was working out to $7.5 million per
transponder.
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