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Zee Telefilms UK/Europe operations to make profits over $1 million

11-September-2001
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Zee Telefilms UK/Europe operations to make profits over $1 million

Zee Telefilms' UK/Europe operations will turn into a profitable venture by the end of this year. This is largely because the company has reinforced its various services in UK/Europe, with Zee Bangla being converted into Zee Cinema and Music Asia being repackaged as Zee Music. Zee is expecting to close the current financial year with profits over $ 1 million as against last year's losses.

Ever since the repositioning, the channels are doing well. It has led to an increase in the subscriber base to 1,26,000 plus. Today in UK/Europe we have a bouquet of three channels namely Zee TV, Zee Cinema and Zee Music. Post digitisation and product realignment, the operations in the UK/Europe are on a growth pat.

Zee Telefilms expects to close the current financial year with profits over $ 1 million as against last year's losses.

During the year ended March 2000-01, the company's UK operations suffered great losses because of its migration from cable to the DTH platform.

As regards the other plans on the international operations front, Zee Telefilms is all set to launch its global feed from early October. With its launch, Zee subscribers all across the world will be able to view the Indian programmes at their respective time zones.

The channel is currently working out the programmes that will be available through the global feed. It is understood that it would largely be soaps, serials and music-based shows like Antakshari.

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