Television

Zee will launch a new GEC towards the end of FY15, says Punit Goenka

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2014/11/21/Puneet%20Goenka.png?itok=HhnMTlDg

MUMBAI: The delay in digitisation of phase III and IV markets has got even the industry giants to speak up. And adding to the list is ZEEL MD and CEO Punit Goenka who feels that the delay in digitisation will invariably have negative impacts on the overall industry.



In an interview with CNBC-TV18’s moneycontrol.com as part of the IDFC Annual India Conference, Goenka spoke about the delay in digitisation, a new GEC launch and his expectations from the advertising revenue in FY15.



 “The growth levels have slowed down for the industry and therefore for us, as well. The consumer billing has not started to happen the way it was envisaged. All this is having a negative impact on the overall industry,” he said.



When asked if the delay caused a drop in subscription revenues, Goenka explained that the dip in subscription revenues was mostly due to some accounting changes.



He elaborated, “The dip is largely on account of some accounting changes that we have had since the aggregate of paper that came out of TRAI. Like-for-like, these are flat or just low single digit kind of growth but as I said, it is attributable to the ongoing delay in the digitisation process. But I do expect that this will pick up hopefully in the next fiscal itself.”



Goenka also revealed that Zee Entertainment plans to launch a new Hindi general entertainment channel (GEC) towards the end of FY15.



“It will be in line with the cost structures of any other GEC because it is a mainstream GEC launch competing with the current incumbent players in the market. So, it will not be very different from those,” he said.



Speaking about the sports business, Goenka explained that the losses seen in the sports business were envisaged by the company and they had guided that the losses would be similar to that seen last year.



Goenka added that he expects advertising revenues to see 11-12 per cent growth in FY15 as from 8-9 per cent seen in earlier two fiscals. He said, “We have seen some improvement in the ad spends especially during the first half of the year. I do expect that the advertising revenues will be seeing healthy numbers from 8-9 per cent that we have been seeing over the past few years to 11-12 per cent.”

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/13/james.jpg?itok=rGws6itt
Disney-Fox deal expected to happen on Thursday: CNBC

The Walt Disney Co. is expected to close a deal valued at $60 billion to acquire much of 21st Century Fox's assets, according to a CNBC news report. The two companies are likely to announce the deal on Thursday.

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
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/12/nitin.jpg?itok=w3KFq-K3
Nitin Kukreja joins iQuest

Former Star India sports head Nitin Kukreja has joined iQuest Enterprises as its chief executive officer. Kukreja had left Star in March this year. IQuest is an enterprise of Nimmagadda Prasad, the former owner of the Maa TV group, who has multiple business interests ranging from infrastructure to...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/12/sun.jpg?itok=qmg25IGp
Sun TV's unassailable lead continues, while Zee TV leads Hindi across genre

BENGALURU: The Sun network's flagship Tamil general entertainment channel (GEC) Sun TV continued its lead in ratings across all GECs on Indian television for week 48 of 2017 (25 November to 1 December 2017) according to Broadcast Audience Research Council (BARC) weekly ratings data

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/11/vikas.jpg?itok=zxlytGcp
Republic TV, BTVI join hands for budget coverage

MUMBAI: Republic TV, spearheaded by Arnab Goswami, and Business Television India (BTVI) have entered into an alliance for content and programming around Union Budget 2018. The Republic TV- BTVI alliance promises to offer viewers a distinctive experience.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/11/nba_0.jpg?itok=C2zPkp_A
Mairu Gupta and the art of building the NBA in India

MUMBAI: For basketball fans worldwide, the US National Basketball Association (NBA) represents the mecca of the sport. But in India, the NBA has had its task cut out, what with cricket presenting a near impenetrable line of defence.

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/09/cnn-news18-year.jpg?itok=rbLMcF5z
CNN-News18 'Indian of the year' 2017 special Telecast on 9 and 10 December

MUMBAI: The awards night of the annual and flagship initiative of CNN-News18, ‘Indian of the Year – 2017’ will be telecasted on the 9 and 10 of December at 9:30 PM on the channel. The initiative, whichrecognizes and awards the exceptional contribution and achievements of the iconic Indian citizens...

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories