Zee Entertainment Enterprises

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Zee Entertainment Enterprises
Public
Traded as BSE505537
NSEZEEL
Industry Mass media
Founded 15 December 1991; 26 years ago (1991-12-15)
Founder Subhash Chandra
Headquarters Mumbai, Maharashtra, India
Key people
Subhash Chandra (Chairman)
Punit Goenka (MD & CEO)[1]
Products Broadcasting, publishing, cable, movie production
Revenue
  • Increase6,020 crore (US$900 million) (2016)
  • Increase 1,028 crore (US$150 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[edit]

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.

References[edit]

External links[edit]