Top Story


Home >> International >> Article

Zee Telefilms expects dip in earnings, profit

Font Size   16
Zee Telefilms expects dip in earnings, profit

Speaking at the 19th AGM in Mumbai, Subhash Chandra, chairman said that Zee Telefilms is expecting dip in revenues and profit during the current fiscal year due to a slowdown in ad sales. The company’s progress on finding a foreign investor for its subsidiary SitiCable, has also slowed down.

“We were close to getting a partner last year. But there is a downturn in the US and Europe and the likely strategic partner’s value slumped by 7-8 per cent,” said Subhash Chandra.

The pay and syndication revenues this year would witness an increase but with the base being low, it will not be a major contributor to the company’s total income.

According to Subhash Chandra, the promotes will clear the total liabilities of Rs 220 crore to the company in the next month.

Zee is still to receive Rs 100 crore from Buddha Films. The company has asked Buddha Films t clear the dues this year with a 15 per cent interest. Buddha Films, which was a sibsidiary of ZTL, has been taken over by the ZTL promoters ad their associates.

The ZTL board has agreed to put in Rs 130 crore as capital expenditure this year. This amount will be raised through debt and internal accruals. An additional Rs 20 crore will be spent on the content side.


Vinik Karnik, Business Head - ESP Properties, talked about what went into conceptualising the first edition of the entertainment marketing report, Showbiz

Rahul Jhamb, Brand Head, Forever 21, on how the fast fashion brand always stays on the pulse of latest marketing trends

Heavy spends on OOH and print sum up this year’s ad spends of YLG Salon

Baba Ramdev brought his sharp wits for an interview with e4m where he promised to disrupt more markets and spoke about he the way he created a brand through consistent and selfless work

Heavy spends on OOH and print sum up this year’s ad spends of YLG Salon

Thomas, Chief Marketing Officer, Diageo India, gives us a peek into the marketing strategy for McDowell’s No 1 Soda, its creation of ‘No 1 Yaari Jam,’ their own set of 4Ps and importance of content

Prior to joining Madison PR in 2012 Chaudhary was Group President Corporate Communications at Reliance Industries Limited.