Television

Zee Entertainment’s net profit rises 604% in June ’21 quarter

ZEE5 records 80.2mn global monthly active users and 7.1mn global daily active users in Jun’21

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2021/08/06/photogrid_plus_1628254116708.jpg?itok=whxaH-wj

New Delhi: Zee Entertainment Enterprises’ consolidated net profit rose 604 per cent to Rs 213.8 crore in the quarter ended June 2021 as against Rs 30.37 crore during the previous quarter ended June 2020. The company announced its Q1 FY22 results on Friday.

Sales rose 35.29 per cent to Rs 1774.98 crore in the quarter ended June 2021 as against Rs 1312.03 crore during the previous quarter ended June 2020. With lockdowns in most states, TV viewership again jumped during the quarter, though lower than Q1 of last year.

Domestic ad revenues for both Q1FY22 and Q1FY21 were impacted by lockdowns. However, the impact this year was much lower, reflected in 127.9 per cent YoY growth. Compared to Q1FY20, domestic ad revenues were lower by 22.7 per cent.

In terms of subscription revenue, the network said embargo on pricing change due to NTO 2.0 litigation continued to hurt domestic television pay revenue growth. The 2 per cent growth over Q1FY21 was driven primarily by digital business.

The programming cost increased YoY as original content production largely continued across the states during the lockdown at alternate locations. Increase in marketing cost on a YoY basis was on account of the release of Radhe and continued investments in ZEE5. The marketing costs in Q1FY21 was lower on account of much lower original content production.

Lower ad revenues on one hand and increase in costs due to lockdown Rs. 271mn on the other affected EBITDA for the quarter.

Bengali, Telugu, Kannada and Hindi movies continued strong performance, however, Zee TV, Zee Marathi and Zee Tamil performance was soft during the quarter, indicating headroom for growth in key markets. The company also said it will revamp the programming line-up for Hindi, Marathi and Tamil programming in Q2.

Streaming platform ZEE5 witnessed 80.2mn global monthly active users and 7.1mn global daily active users in Jun '21. It recorded a total of 190 minutes’ average watch time per viewer per month in Q1. As many as 11 original movies and shows were released during the quarter.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/21/img_21102021_175043_800_x_800_pixel.png?itok=PNYBKHZz
Zeel-Invesco tussle: Bombay HC directs Zeel to call for EGM

Mumbai: The Bombay high court asked Zee Entertainment Enterprises Ltd (Zeel) to call for the extraordinary general meeting (EGM) requisitioned by Invesco Developing Markets Fund on Thursday. Zeel must inform the court of the EGM date by Friday morning.

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/21/img_21102021_133722_800_x_800_pixel.jpg?itok=vhRQGg5e
July-Sept TV ad volumes show highest spurt in 2021: Barc

Mumbai: Ad volumes on television continue to post healthy growth, with the July-September quarter registering 461 million seconds of advertising – which is the highest this year, as per Broadcast Audience Research Council (Barc) India’s July-September 2021 Ad Volumes - Special Festival Edition...

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/21/anr.jpg?itok=caB18OxN
IN10 Media’s Gubbare supports child education with Smile Foundation

With the education of children impacted by the pandemic, IN10 Media Network’s kids channel Gubbare has joined hands with leading non-government organisation Smile Foundation to support its Shiksha Na Ruke campaign.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/21/book.jpg?itok=gYXUgnGI
Media tome throws light on the biz growth pre and post pandemic

The Indian media business is estimated to be a $19 billion industry in 2021, according to veteran business journalist Vanita Kohli-Khandekar. On 20 October, Khandekar inaugurated the fifth edition of her book ‘The Indian Media Business: Pandemic and After’ published by Sage Publications India at a...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/20/aaj.jpg?itok=aNpt9Gh_
Aaj Tak Bangla's Durga Puja coverage goes beyond food and pandal hopping

Durga Puja is the time of the year that puts Bengal on the global itinerary of culture and festivities. For Bengal, Durga Puja is not just a festival but also a celebration of art, history, heritage, and homecoming.

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/20/img_20102021_161133_800_x_800_pixel.jpg?itok=avsj-hxA
NTO 2.0: Times Network publishes new RIO

Mumbai: Times Network has published its reference interconnection offer (RIO) issued under telecommunications (broadcasting and cable) services interconnection (addressable systems) regulations, 2017 for all distribution platforms. The new RIO will be effective from 1 December onwards.  The tariffs...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/20/img_20102021_142756_800_x_800_pixel.jpg?itok=Mb5skioU
Red FM launches ‘Totka Chalao, India Ko Jeetao’ campaign for World Cup

Mumbai: Radio and entertainment network 93.5 Red FM has kick-started its World Cup campaign called ‘Totka Chalao, India Ko Jeetao.’ The campaign will be rolled out in 40 key markets across the country. Capturing the passion and craze of fans, Red FM will celebrate the ‘totkas’ and will have RJ’s...

Television TV Channels Music and Youth
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/20/img_20102021_141022_800_x_800_pixel.jpg?itok=DAMHQ7Fq
AR Rahman returns as BAFTA Breakthrough India ambassador

Mumbai: The British Academy of Film and Television Arts (BAFTA) has announced AR Rahman as the Breakthrough India ambassador for another year as they invite a new round of applications in India for the programme. Supported by Netflix, this programme will be open for prospective talent across the...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/10/20/img_20102021_113749_800_x_800_pixel.jpg?itok=_zNg5lCy
TV9 Network appoints Anshuman Tiwari as editor, Money9

Mumbai: TV9 Network has strengthened the leadership of TV9 Digital and appointed Anshuman Tiwari as editor of Money9. Veteran journalist Rakesh Khar will assume a larger role as business and economy editor of the network. Tiwari is a recipient of the Ramnath Goenka Award, the WAN-INFRA...

Television TV Channels People

Sign up for our Newsletter

subscribe for latest stories

* indicates required