Advertisement


Advertisement

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
General News ZEEL to launch three new regional movie channels: Punit Goenka
#1
Advertisement
MUMBAI: Media conglomerate ZEEL is upbeat about the potential of movie genre and is planning to launch three new regional movie channels in the near term. He didn’t provide details of the new movie channels that will be launched.

Speaking with analysts, ZEEL MD and CEO Punit Goenka said that movie is one of the most important avenues of entertainment for Indian consumer and a key long-term growth driver.

He further stated that ZEEL’s strong presence across broadcast, digital and international businesses allow it to exploit movie rights better compared to its peers.

“Our broadcast business offers 8 Hindi movie channels and 5 regional movie channels. We are now set to expand our regional movie business further and we intend to launch 3 new movie channels,” he said during the earnings conference call post the announcement Q4 and FY19 results.

Goenka also stated that ZEE5 has 3500+ movie library across 12 languages which creates a unique competitive advantage for it. Since its launch, ZEE5 has premiered 80+ movies across languages.

The company has ramped up its movie buying across languages. It has also entered into agreements with various content aggregators and production houses for the acquisition of movie library, output deals and future rights.

“Our movie library also helps us build the popularity of our channels in international markets,” Goenka said. He also noted that the acquisition of movie library, output deals, and future rights will help the company further improve its strong position in the movie genre across businesses.

“Definitely, we have taken a conscious decision to continuously invest behind the movie library and even other content whether it be for ZEE5, domestic market or even international markets. We will continue to see heightened investments but despite that, I’m confident that the EBITDA margin will remain at 30%+,” he added.

Asked about the ROI from big-budget movies like ‘Manikarnika’, Goenka said that ‘Manikarnika’ was an exceptional case as the genre of the movie requires big investments. He also noted that the company is focussed on small and medium budget films.

“Because it was a period film, that’s why it costed a lot more. But our focus has always been to be in the small to medium budget films barring which we may have 1 or 2 opportunities that we may look at. We will focus our energies towards small and medium budget films,” he stated.

Source:
___________________________________________
Airtel Digital HD Recorder / Kerala Vision Digital TV
Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads...
Thread Author Replies Views Last Post
  General News: Star Jalsha to launch a new music game show ‘Start Music’ nairrk 0 145 11-20-2019, 07:42 AM
Last Post: nairrk
  General News: Star Maa to launch new fiction show ‘Amekatha’ on 4 Nov nairrk 0 108 11-02-2019, 05:15 PM
Last Post: nairrk
  General News: Network18 channels to air special episode of Mission Paani on 2,3 Nov nairrk 0 85 11-01-2019, 07:45 AM
Last Post: nairrk
  General News: Star India to launch animated series based on Virat Kohli starting 5 Nov nairrk 0 133 10-30-2019, 11:00 AM
Last Post: nairrk
  General News: ZEEL on course to launch four regional channels: Punit Goenka nairrk 0 99 10-21-2019, 10:21 AM
Last Post: nairrk
  Update: SPNI drops a-la-carte price of its three premier channels nairrk 0 116 10-15-2019, 10:28 AM
Last Post: nairrk
  Update: Star launches festive offer by reducing a-la-carte price of 16 channels nairrk 0 130 10-12-2019, 07:33 AM
Last Post: nairrk
  Update: Broadcast Audience Research Council (BARC) ratings on Channels/Programmes nairrk 343 19,438 09-28-2019, 08:58 AM
Last Post: nairrk
  General News: Discovery Kids to add two new language feeds, launch ‘Fukrey Boyzzz’ on 12 Oct nairrk 0 162 09-26-2019, 10:37 AM
Last Post: nairrk
  General News: iTV Network in agreement with AM Television to launch NE News nairrk 0 123 09-25-2019, 09:31 AM
Last Post: nairrk

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement