Zee Network limps along in Q3
Is Zee Telefilms' Ltd (ZTL) luck turning? The management must be praying that it will from hereon.
Jeeto Chappar Phaad ke |
The first episode of Jeeto Chappar Phaad Ke on 26 January 2001 clearly shows what sets Sony Entertainment Television apart from the rest of the programming pack in India - and namely major rival Zee TV. Additionally, it explains why Sony has been racing up the TRP charts.
It had entertainment, it had absorbing quizzing, it had the feeling of family, it had money and consumer durable giveaways and it had interesting twists to the format that has been made popular by Who Wants to be a millionaire? But the two stars of the show were our Virar ka chokra Govinda and the production values. He gyrated, he mimicked, he sang, he chanted poetry and prayers, he quizzed, he goaded participants, he guided them, he stood throughout the show while the participants sat - it was Govinda all the way in his burnt sienna suit.
Jeeto Chappar Phaad Ke - belongs to the genre of quiz game shows - but it did not have the sombre and serious feel that a Kaun Banega Crorepati (KBC) does. KBC, in fact, has begun to drag - despite AB. It is interesting - but it is not fun. Amitabh Bachchan, with no disrespect to him, comes across like the Grim Reaper waiting to grill contestants as compared to Govinda who is there to comfort them and cheer them on.
There was no lock kiya jaye or fix kiya jaye - just a simple placing of a mohur when the contestant answered and finalised her answers. Also she had four friends to guide him/her along: Govinda, Sahi ya Galat (Right or Wrong), Janta Se Maang (Public question), and Chaar se do (Two from four). And the prizes to be won were limitless - not Rs 10 million, not Rs 100 million - but as much as can be won. |
On the production front (a pat on Mani Iyer?s Inhouse Productions? back?), there were none of the wildly moving camera shots that a Sawal Dus Crore Ka had in its first episode. Nor the dark foreboding audiences that the Zee TV show did. The sets were a delight and helped build the show instead of being just appendages. Four overhead circle lights coming on and going crazy before every break. Some observers thought they were gaudy - a tad overdone. And yes the lighting can do with a little less of a yellow cast.
According to Dasgupta, what made the show interesting was the giveaways. "You get evidence that you are physically winning something. When Irvender got a Videocon AC and a Compaq computer, viewers could see that she acutally took home something. And that too at a price of Re 1 only," he says.
Additionally, the show was choc-a-bloc with advertising. However, the best part was how the time flew - one hardly got to know when the show got over. Actually, one was regrettably annoyed that it had run out of time.
If Govinda and the Sony programming team led by Kunal Dasgupta and Rekha Nigam can keep up the tempo, we could have another piece of programming history being written. Welcome to some heady days ahead!!! Yo!
Is Zee Telefilms‘ Ltd (ZTL) luck turning? The management must be praying that it will from hereon. The third quarter ended 31 December 2000 has been pretty bad for the firm. And Star Plus‘ shows are gathering in strength and Sony is itching to make a comeback and is planning to totally clean up the weekend with a roster of mouthwatering shows.
Zee TV on its part is gearing up to start airing five new series from next month and the buzz is that these are likely to soak up audiences. If they do, that will only add to Zee TV‘s bottomline in the last quarter of this year and the management‘s prayers could well be answered. If they don‘t well, chairman Subhash Chandra will have a tough ask dragging his company back up a steep hill.
On to its results now. First the nine month period ended 31 December 2000. The consolidated results of Zee Network (including other subsidiary companies) show that it posted a net profit of Rs 1.436 billion - up by only 4 per cent. The reason for the net profit growth slow down has been attributed to lower ad revenue in the third quarter due to severe competition from Star Plus‘ Kaun Banega Crorepati. Total revenues for the period have put up a good show at Rs 7.16 billion - up 24 per cent. A major contributor to this is other income at Rs 379 million which has shot up from Rs 98.6 million in the previous corresponding period. Subscription revenues are at Rs 1.55 billion (Rs 1.37 billion).
The Zee Network‘s consolidated advertising revenues are up only a point in the third quarter to Rs 1.87 billion - in earlier better climes they used to zip ahead at 25 per cent. Subscription revenues have moved ahead by 10 per cent to Rs 523 million from Rs 471.4 million. The total revenue for the quarter is at Rs 2.65 billion - up by 10 per cent.
A huge chunk of its total revenue has been contributed to by other income which rose to Rs 116 million from Rs 32.7 million in the previous corresponding quarter. Earning before interest, tax, depreciation and amortisation (EBITDA) is down 8 per cent to Rs 753 million for the quarter and PAT, went down by 26 per cent to Rs 470 million.
For Zee Telefilms as a standalone entity, PAT is up 29 per cent to Rs 321 million on a 25% increased turnover of Rs 1.133 billion during the quarter. EBITDA is up 35% to Rs 467 million. Again, the growth in the total income as well as bottom line comes from other income which stood at Rs 101 million in the quarter ended December 31, 2000 compared with Rs 28 million in the quarter ended December 31, 1999.
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