Arab Today, arab today zee looks to digital future
Last Updated : GMT 16:29:18
Arab Today, arab today
Arab Today, arab today

Zee looks to digital future

Arab Today, arab today

Arab Today, arab today Zee looks to digital future

New Delhi - Arabstoday

Zee Entertainment Enterprises has reported a consolidated net profit of INR 1.63 billion in the fourth quarter, a fall of 16% on the same period last year, as it looks to the rewards of mandatory digitisation in India's cable TV network. Zee's consolidated revenues in the three months to 31 March 2012 were INR 8.69 billion, up 9% on the INR 7.95 billion reported in the corresponding period of 2011. Operating profit for the quarter fell 28% to INR 1.6 billion from INR 2.22 billion a year earlier – due, according to the Subhash Chandra chaired company, to a 24% rise in expenses. Advertising revenues also fell by 12% to INR 4.15 billion during the fourth quarter, due to a comparative reduction in the TV network's cricket properties this year. The group's sports business registered a loss of INR 588 million during the quarter, and INR 1.48 billion for the entire 2011/2012 financial year. However, Zee said: "Advertising revenues from non-sports businesses have increased, though marginally. This is reflective of the overall weakness in advertising spends". Zee's subscription revenues, at INR 4.02 billion, rose 30% compared with those in the fourth quarter last year. These were split into domestic subscription revenues of INR 2.97 billion, and international subscription revenues of INR 1.05 billion. The domestic revenues for this fourth quarter, however, included INR 506 million earned between July 2011 and March 2012 from the MediaPro distribution joint venture between Zee Turner and Star Den. "FY2013 is expected to be a landmark year for the television media industry. The industry is gearing up for a big change with deadline for implementing digital addressable system (DAS) in the four metros approaching on 30 June 2012," said Subhash Chandra, chairman, Zee Entertainment Enterprises. "Digitisation will bring about improvements in addressability and capacity, thereby improving the quality of service to consumers and creating a better financial model for all players in the value chain." Punit Goenka, managing director and chief executive, Zee Entertainment Enterprises added: "During the quarter, we have seen significant improvement in our operating performance across all genres. The flagship channel, Zee TV, has improved its market share noticeably. We are confident that we would further enhance our market share through our planned content line up and continue to grow our business profitability in a sustained manner." "In line with our strategy of growth through focused disciplined investments, we launched India's first and only OTT (over-the-top) distribution platform, Ditto TV, with an aim to offer live TV channels and on demand video content to consumers on multiple platforms including mobile phones, tablets, laptops, desktops and connected TVs," Goenka said. The fourth quarter has also seen Zee's launch of the premium sports channel Ten Golf and a number of high definition channels. Zee's net profit for the entire financial year 2011-12 was recorded at INR 5.91 billion, a drop of 6% on last year's results. Revenue rose just 1% to 30.41 billion, compared with INR 30.08 billion in FY2010-11. A 5% increase in costs, from INR 21.87 billion to INR 23.01 billion was registered for the year.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today zee looks to digital future Arab Today, arab today zee looks to digital future

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today zee looks to digital future Arab Today, arab today zee looks to digital future

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today China refuses visa to elderly India runner

GMT 15:01 2017 Tuesday ,26 September

China refuses visa to elderly India runner
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday