To simplify its organisational structure, Zee Telefilms (ZTL) has decided to prune the number of its subsidiaries from 23 to 12. The decision was taken at the ZTL board meeting held yesterday. According to the decision 11 subsidiaries will cease to exist, subject to regulatory approvals, in six to eight months.
The companies that will go off the list are: E-Connect India, Programme Asia Trading Company, Elzee Television, Kaveri Entertainment, Dakshin Media, Winterheath Company (Mauritius), Hokushan Trading (Hong Kong), Expand Fast Holding (Netherlands), Zee Multimedia Worldwide (Netherlands), Asia TV (USA) and Zee TV SA (South Africa).
According to industry analyst, ZTL expects to achieve considerable savings with the closure of the subsidiaries. This would also facilitate the process of consolidation of financials of the remaining subsidiaries with that of the holding company.
Zee is one of India's largest media companies with a presence spanning broadcasting, programming, cable distribution, movie production, music publishing and education business. It recorded a turnover of about Rs 816.6 crore for the nine months ended December 31, 2001.Source: Business Standard
Stuart Bowden talks about purchase journey, the revised version of Cannes Lions, Wavemaker Indiaâs performance and a lot more
Emery says everything that Unilever CMO Keith Weed says has a touch of genius. He also talks about his expectations from Cannes, WPP without Sir Martin Sorrell and his love for Mindshare India.
In an interaction with exchange4media, PC Musthafa, CEO & Co-Founder iD Fresh Food shares how the brand deals with competition and marketing strategies followed by them.
Varun Raina, Marketing Manager, Airbnb India speaks to exchange4media about the successful #LiveThere campaign and how Bollywood helps them connect with its young consumer
He is the man behind India's most rewarded and talked about campaign at Cannes 2018, 'Blink to Speak. Read on to find out how he conceptualised the idea and led the team that created the campaign.
Facebook-owned Instagram introduces IGTV, a new app to upload long-form vertical videos, intensifies competition with YouTube.
Piyush and Prasoon Pandey will be the first Asians and first from WPP to be deemed with this honour tonight at the Cannes Lions Festival of Creativity