Zee Entertainment Enterprises

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Zee Entertainment Enterprises Limited
Traded as
Industry
Founded15 December 1991; 32 years ago (1991-12-15)
Founder(s)Subhash Chandra
HeadquartersMumbai, Maharashtra,
India
Key people
Subhash Chandra (Chairman)
Punit Goenka (CEO)[1]
ProductsBroadcasting, films, music, streaming, web portals
RevenueIncrease ₹8,413 crore (US$1.2 billion) (2020)[2]
Decrease ₹1,103 crore (US$150 million) (2020)[2]
Decrease ₹527 crore (US$74 million) (2020)[2]
Total assetsDecrease ₹12,373 crore (US$1.7 billion) (2020)[2]
Number of employees
3,429 (2020)[2]
ParentEssel Group (22.37%)
Invesco Oppenheimer (11%)
Websitewww.zeeentertainment.com
Footnotes / references
[3]

Zee Entertainment Enterprises (formerly Zee Telefilms) is an Indian media conglomerate owned by Essel Group. Headquartered in Mumbai, it has interests in television, print, internet, film, mobile content and allied businesses.

History[edit]

The company was launched on 15 December 1991 as Zee Telefilms, brandname that was retained until 2006. In 2002, the company acquired a majority stake (51%) in ETC Networks. In 2006, they acquired Integrated Subscriber Management Services Limited, and in November 2006, it acquired an 50% stake in Taj television, owner of TEN Sports. On that same year, the company was rebranded as Zee Entertainment Enterprises.

In February 2010, the business acquired an additional stake (95%) in TEN Sports.

In 2008, Zee Networks launched Zee Motion Pictures and Zee Limelight (now Zee Studios) for the development, production, distribution and marketing of mainstream films in Indian languages, including Hindi, Malayalam, Tamil, Telegu, Kannada, Bengali and Marathi.[4] Some of Zee Studios's productions include Gadar: Ek Prem Katha, Natsamrat, Sairat and Rustom.

As Zee Telefilms, the company formed part of BSE Sensex from 2000 to 2005. The news and regional entertainment channel business was spun off into a separate company in 2006 as Zee News.

In May 2011, Star Den entered into a 50/50 joint venture with Zee Turner and Zee Entertainment Enterprises (ZEEL) to distribute and market all channels owned by the company and ZEEL, their respective affiliated channels and other third-party channels in India, Nepal and Bhutan.

It also owns a music label, Zee Music Company.

In 2015 Zee acquired Sarthak TV, an Odia-language pay-television channel.[5] One year later, on 28 July 2016, it launched Zee One, aimed at the German market. A Polish version of the channel was launched in 2017.

In 2016, Zee launched Zee Mundo, a Spanish-language Bollywood movie channel targeting Latin America.

In 2017, the company acquired the majority stake of the Reliance Broadcast Network.[6] It also planned to acquire 9X Media in October 2017 for the cost of ₹160 crore, however the plan fell through in March 2018.[7][8] A partially-owned subsidiary, Diligent Media Corporation, is a publisher of Indian daily newspapers and websites. DMC is a joint venture between Zee and the Dainik Bhaskar Group.[9]

Operated channels[edit]

Present channels[edit]

Channel Language Category SD/HD availability Notes
Zee TV Hindi General Entertainment SD+HD
& TV
Zee Anmol SD
Big Magic Rebranded soon as Zee Josh
Zing Music Formerly known as Zee Music
Zee Cinema Movies SD+HD
Zee Action SD
Zee Bollywood
Zee Classic
&pictures SD+HD
&xplor HD HD
Zee Anmol Cinema SD
Zee Café English General Entertainment SD+HD Formerly known as Zee English
&Flix Movies Formerly known as Zee Studio
&privé HD HD
Zee Zest Hindi, English Lifestyle SD+HD Formerly known as Living Foodz and Zee Khana Khazana
Zee Marathi Marathi General Entertainment
Zee Yuva SD
Zee Talkies Movies SD+HD
Zee Chitramandir SD
Zee Vajwa Music
Zee Tamil Tamil General Entertainment SD+HD
Zee Thirai Movies SD HD version coming soon
Zee Telugu Telugu General Entertainment SD+HD
Zee Cinemalu Movies
Zee Keralam Malayalam General Entertainment
Zee Kannada Kannada
Zee Picchar Movies SD HD version coming soon
Zee Bangla Bengali General Entertainment SD+HD
Zee Bangla Cinema Movies SD
Zee Sarthak Odia General Entertainment Formerly Sarthak TV
Zee Punjabi Punjabi
Zee Ganga[10] Bhojpuri Formerly Big Ganga
Zee Biskope Movies
Zee News Hindi News SD HD version coming soon
Zee Hindustan
Zee Business
WION English HD version coming soon
Zee 24 Ghanta Bengali
Zee 24 Taas Marathi
Zee 24 Kalak Gujarati
Zee Odisha Odia
Zee Rajasthan Hindi
Zee Uttar Pradesh Uttarakhand
Zee Madhya Pradesh Chhattisgarh
Zee Punjab Haryana Himachal
Zee Bihar Jharkhand
Zee Salaam Urdu

International channels[edit]

Channel Language Category Notes
Zee World English General Entertainment
Zee Smile Comedy
Zee Bollynova General Entertainment
Zee Bollymovies Movies
Zee Magic French General Entertainment
Zee One German Defunct
Zee Bioskop Indonesian
Zee Mundo Spanish Movies
Zee Sine Filipino
Zee Alwan Arabic General Entertainment
Zee Aflam Movies
Zee Bing Thai General Entertainment

Defunct/Former channels[edit]

Channel Language Category SD/HD availability Notes
Zee Next Hindi General Entertainment SD
Zindagi Only digitally available now[11]
Zee Smile Formerly known as Smile TV
Zee Jagran Devotional
Zee Premier Movies Formerly known as Premier Cinema
ZeeQ Kids
Zee Muzic Music Repraced with Zing TV
Zee ETC Bollywood Formerly known as ETC, then ETC Bollywood
Zee Khana Khazana Lifestyle Replaced with Living Foodz
Zee Studio English Movies Formerly known as Zee MGM, then Zee Movie Zone
Zee Select Formerly known as MX
Zee Trendz Lifestyle Formerly known as Trendz TV
Zee Sports Sports Replaced with TEN Action+
Zee Gujarati Gujarati General Entertainment Formerly known as Alpha TV Gujarati
Living Foodz English, Hindi Lifestyle SD+HD Replaced with Zee Zest
Living Travelz SD
Zee ETC Punjabi Punjabi General Entertainment Formerly known as ETC Punjabi
Zee 24 Gantalu Telugu News
9X Hindi General Entertainment Acquired from 9X Media

Recent developments (2019–present)[edit]

In February 2019 media reported that Essel Group was in talks to sell[12] their shares from the Zee Entertainment Enterprises to save from the debt.

Sony Corporation, Comcast-Atairos, a firm lead by American cable giant Comcast were shortlisted for the bid. However, they were competing with technology giant Apple and Reliance Industries among others.

Top Sony officials including Mike Hopkins, chairman of Sony Pictures Television,[12] and Tony Vinciquerra, chairman of Sony Pictures Entertainment, had visited Subhash Chandra and his family at his residence shortly after Chandra announced his intent to sell half of the promoter holding in Zee Entertainment Enterprises to a global strategic investor.

On April 2 reports said that[13] some other promoters[14] were willing to sell their shares worth ₹332 crore.

On April 3 media reported Sony and Zee Entertainment Enterprises deal off[15] amid valuation differences which opened the door for Comcast-Atairos.

On August 1 media reports Invesco Oppenheimer Fund to buy 11% stake in Zee Entertainment[16]

References[edit]

  1. ↑ "We want to Transform into an all round media company punit goenka". Business Standard. Retrieved 22 July 2017.
  2. ↑ 2.0 2.1 2.2 2.3 2.4 https://www.moneycontrol.com/india/stockpricequote/mediaentertainment/zeeentertainmententerprises/ZEE
  3. ↑ "Zee's FY19 earnings may aid better valuation". www.fortuneindia.com.
  4. ↑ "Zee Group launches two motion picture production banners". Business of Cinema. 2008.
  5. ↑ Zee Entertainment Acquires Sarthak Entertainment
  6. ↑ Bindu D Menon. "Zee buys Anil Ambani's TV, radio biz for ₹1,900 cr | Business Line". Thehindubusinessline.com. Retrieved 23 November 2017.
  7. ↑ Bureau, Our (6 October 2017). "Zee to acquire 9X Media, its arms for ₹160 cr". The Hindu Business Line. Retrieved 18 November 2017.
  8. ↑ "ZEE terminates 9X Media acquisition".
  9. ↑ "Indian Newspapers and News Sites". w3newspapers.com. Retrieved 18 October 2014.
  10. ↑ "ZEEL rebrands Big Ganga to Zee Ganga - Exchange4media". Indian Advertising Media & Marketing News – exchange4media. Retrieved 18 August 2021.
  11. ↑ Delhi, BestMediaInfo Bureau; July 17; 2020. "Zee announces return of content brand Zindagi on Zee5". www.bestmediaifo.com. Retrieved 16 May 2021.{{cite web}}: CS1 maint: numeric names: authors list (link)
  12. ↑ 12.0 12.1 https://economictimes.indiatimes.com/industry/media/entertainment/media/comcast-atairos-sony-shortlisted-for-stake-sale-talks-by-zee-entertainment/articleshow/68056312.cms
  13. ↑ https://economictimes.indiatimes.com/markets/stocks/news/zee-entertainment-shares-wobble-after-share-sale-by-promoters/articleshow/68681842.cms
  14. ↑ https://www.moneycontrol.com/news/business/stocks/zee-entertainment-down-3-after-promoters-sell-stake-3744761.html
  15. ↑ https://economictimes.indiatimes.com/industry/media/entertainment/sony-zee-deal-off-for-now-amid-valuation-differences/articleshow/68697156.cms
  16. ↑ https://www.livemint.com/companies/news/invesco-oppenheimer-fund-to-buy-11-in-zeel-for-rs-4-224-crore/amp-1564577772129.html

External links[edit]

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