Top Story

e4m_logo.png

Home >> International >> Article

Zee Telefilms losing ground in UK

08-February-2001
Font Size   16
Share
Zee Telefilms losing ground in UK

Zee Telefilms’ UK operations has taken a beating, mainly due to competition from new pay channels catering to the Indian population there and the recent shift in consumer preference from DTH to cable. The company's top management has admitted that it is losing ground in the UK to rival channels.

For the quarter ended December, revenues for Zee in UK fell 27 per cent to Rs 19.74 crore as compared to Rs 27.45 crore in the previous third quarter. Earnings before interest, depreciation and tax have fallen sharply to Rs 2.23 crore in the third quarter from Rs 8.79 crore in the corresponding quarter of last year.

For the third quarter, total income for Zee Networks stood at Rs 265.48 crore compared to Rs 241.53 crore. The Zee management admitted at the meet that its subscriber base has decreased from 75,000 to 25,000 over the last six months in the UK. While the management said that it hopes to recover marketshare and in turn increase revenues in the remaining months, it did not disclose possible strategies for the turnaround.

Tags

Aparna Bhosle, Business Cluster Head - Premium & FTA GEC channels - ‎ZEEL, on its new property, sponsors, investment on acquisition and response to BBC First

In an interview with exchange4media, Ferzad Palia says that most successful brands are not those who spend the most money

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Southeast Asian market

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

Though business has picked up, the private FM industry expects festive ad spends to be subdued compared to 2016