Zee Entertainment Enterprises

Zee Entertainment Enterprises
Public
Traded as BSE: 505537
NSE: ZEEL
Industry Mass media
Founded 15 December 1991 (1991-12-15)
Founder Subhash Chandra
Headquarters Mumbai, Maharashtra, India
Area served
 Worldwide
Key people
 Subhash Chandra (Chairman)
Punit Goenka (MD & CEO)[1]
Products Broadcasting, publishing, cable, movie production
Revenue
  • Increase₹6,020 crore (US$840 million) (2016)
  • Increase ₹1,028 crore (US$140 million) (2016)
Number of employees
 13,826 (2016)
Parent Essel Group
Website www.zeeentertainment.com

Zee Entertainment Enterprises Limited is an Indian mass media company owned by Essel Group. Headquartered in Mumbai, it has interests in television, print, internet, film, mobile content and allied businesses.

History

The company was launched on 15 December 1991 and was previously known as Zee Telefilms until 2006, when it was renamed and the news and entertainment units were spun off into four smaller divisions. ZEEL currently operates over 34 different television channels, cable company Siti Cable, record label Zee Music Company, a production company and other businesses as well. It has expanded operations abroad, with several of its channels available in the UK and US as well as Africa and Asia.

In 2002 ZEEL acquired a majority stake (51%) in ETC Networks. In 2006, they acquired Integrated Subscriber Management Services Limited, and in November 2006, ZEEL acquired an interest (50%) in Taj television TEN Sports. In February 2010 ZEEL acquired an additional stake (95%) in TEN Sports.

As Zee Telefilms, the company formed part of BSE Sensex from 2000-2005. The news and regional entertainment channel business was spun off into a separate company in 2006 under the corporate banner Zee News Ltd (ZNL).

The company has a 50/50 joint venture, Star Den, with Den Networks Limited to perform channel placement services in India. In May 2011, Star Den entered into a 50/50 joint venture with Zee Turner Limited and Zee Entertainment Enterprises Limited (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 2008, Zee Networks launched Zee Motion Pictures and Zee Limelight (now Zee Studios), for development, production, distribution and marketing of mainstream films in Indian languages including Hindi, Tamil, Telugu, Kannada, Malayalam, Bengali and Marathi.[2] Some of the productions of Zee Studios include Gadar: Ek Prem Katha, Natsamrat, Sairat and Rustom.

In 2015 Zee acquired Sarthak TV, an Odia language GEC.[3]

Zee Entertainment Enterprises launched the Bollywood movie channel Zee One dedicated to the German market on 28 July 2016. A Polish version is scheduled to follow in 2017.

In 2016, Zee launched Zee Mundo, the first ever Spanish-language Bollywood movie channel.

In 2017, ZEE acquired the majority of Reliance Broadcast Network and got the Big Magic, Big Ganga, Big FM, etc. from Anil Ambani's Broadcasting Network.[4] It also acquired 100 percent stake in two media entities, 9X Media and INX Music. [5]

Zee Entertainment Enterprises operates 14 news channels and 65 entertainment channels.

A partially owned subsidiary, Diligent Media Corporation, is a publisher of Indian daily newspapers and news and entertainment websites. DMC is a joint venture between Zee and the Dainik Bhaskar Group.[6]

References

  1. ↑ "We want to Transform into an all round media company punit goenka". Business Standard. Retrieved 22 July 2017.
  2. ↑ "Zee Group launches two motion picture production banners". Business of Cinema. 2008.
  3. ↑ Zee Entertainment Acquires Sarthak Entertainment
  4. ↑ Bindu D Menon. "Zee buys Anil Ambani's TV, radio biz for ₹1,900 cr | Business Line". Thehindubusinessline.com. Retrieved 2017-11-23.
  5. ↑ "Zee Entertainment fully acquires 9X Media and INX Music in Rs 160-crore cash deal". Firstpost.com. Retrieved 2017-11-23.
  6. ↑ "Indian Newspapers and News Sites". w3newspapers.com. Retrieved 18 October 2014.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.