Zee Entertainment
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** Shares of Zee Entertainment ZEE.NS rise 2.6% to 103.95 rupees
** Indian broadcaster says the Reserve Bank of India has approved its application to redeem outstanding foreign currency convertible bonds worth $23.9 million
** RBI also approves cancellation of an unutilized commitment of $215.1 million - co
** Thirteen analysts have a "hold" rating on ZEE on avg; median PT is 100 rupees - data compiled by LSEG
** YTD, ZEE up 15%
(Reporting by Urvi Dugar in Bengaluru)
(([email protected];))
** Shares of Zee Entertainment ZEE.NS rise 2.6% to 103.95 rupees
** Indian broadcaster says the Reserve Bank of India has approved its application to redeem outstanding foreign currency convertible bonds worth $23.9 million
** RBI also approves cancellation of an unutilized commitment of $215.1 million - co
** Thirteen analysts have a "hold" rating on ZEE on avg; median PT is 100 rupees - data compiled by LSEG
** YTD, ZEE up 15%
(Reporting by Urvi Dugar in Bengaluru)
(([email protected];))
** Shares of Zee Entertainment Enterprises ZEE.NS fall 3.2% to 104.79 rupees
** Broadcaster approves issue of warrants aggregating up to 31.44 bln rupees ($331.1 mln) on a preferential basis to promoter Sunbright Mauritius Investments
** To issue up to 249.5 mln warrants at 126 rupees each
** YTD, ZEE up nearly 17%
($1 = 94.9600 Indian rupees)
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Zee Entertainment Enterprises ZEE.NS fall 3.2% to 104.79 rupees
** Broadcaster approves issue of warrants aggregating up to 31.44 bln rupees ($331.1 mln) on a preferential basis to promoter Sunbright Mauritius Investments
** To issue up to 249.5 mln warrants at 126 rupees each
** YTD, ZEE up nearly 17%
($1 = 94.9600 Indian rupees)
(Reporting by Vijay Malkar)
(([email protected];))
Zee Entertainment Enterprises' board approved issuing up to 24.95 crore fully convertible warrants to promoter group entity Sunbright Mauritius Investments at ₹126 each, aggregating ₹3,143.51 crore. The warrants are convertible into equity shares at the same price within 18 months, with 25% paid upfront. The issue would dilute existing shareholders by up to 20% on a fully diluted basis. The price represents an 11.86% premium to the SEBI floor price and a 16.33% premium to Tuesday's closing market price. The company will seek shareholder approval for the preferential issue. The board also approved an employee stock option plan covering up to 3.74 crore shares at the same ₹126 exercise price.
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Zee Entertainment Enterprises' board approved issuing up to 24.95 crore fully convertible warrants to promoter group entity Sunbright Mauritius Investments at ₹126 each, aggregating ₹3,143.51 crore. The warrants are convertible into equity shares at the same price within 18 months, with 25% paid upfront. The issue would dilute existing shareholders by up to 20% on a fully diluted basis. The price represents an 11.86% premium to the SEBI floor price and a 16.33% premium to Tuesday's closing market price. The company will seek shareholder approval for the preferential issue. The board also approved an employee stock option plan covering up to 3.74 crore shares at the same ₹126 exercise price.
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July 1 (Reuters) - Zee Entertainment Enterprises Ltd ZEE.NS:
ZEE ENTERTAINMENT - APPROVES ISSUE OF UP TO 24,94,85,563 FULLY CONVERTIBLE WARRANTS
ZEE ENTERTAINMENT - WARRANTS TOTAL ISSUE SIZE 31.44 BILLION RUPEES
Source text: ID:nBSE3zQnMB
Further company coverage: ZEE.NS
(([email protected];;))
July 1 (Reuters) - Zee Entertainment Enterprises Ltd ZEE.NS:
ZEE ENTERTAINMENT - APPROVES ISSUE OF UP TO 24,94,85,563 FULLY CONVERTIBLE WARRANTS
ZEE ENTERTAINMENT - WARRANTS TOTAL ISSUE SIZE 31.44 BILLION RUPEES
Source text: ID:nBSE3zQnMB
Further company coverage: ZEE.NS
(([email protected];;))
June 25 (Reuters) - Zee Entertainment Enterprises Ltd ZEE.NS:
ZEE ENTERTAINMENT - TO CONSIDER FUND RAISING VIA EQUITY OR CONVERTIBLE SECURITIES ON JULY 1, 2026
Source text: ID:nBSE83ZWM5
Further company coverage: ZEE.NS
(([email protected];))
June 25 (Reuters) - Zee Entertainment Enterprises Ltd ZEE.NS:
ZEE ENTERTAINMENT - TO CONSIDER FUND RAISING VIA EQUITY OR CONVERTIBLE SECURITIES ON JULY 1, 2026
Source text: ID:nBSE83ZWM5
Further company coverage: ZEE.NS
(([email protected];))
** Brokerage CLSA says Zee's ZEE.NS OTT service Z5 has seen weekly active users double to a record 27 mln since the Fifa World Cup began
** Says Zee's surge in Z5 and viewership will aid revenue, offsetting rights costs estimated at under $60 mln over eight years, adding upside to growth forecasts
** Maintains "outperform" rating on stock, with PT at 125 rupees, implying 8% upside to last close
** Says Z5 has been the most downloaded OTT in the past two weeks despite premium subscription monetisation for World Cup content
** Shares of the satellite television and digital media operator were down about 1% to 114.63 rupees
** 6 of 13 brokerages rate the stock "buy" or higher, 2 "hold" and 5 "sell" or lower; their median PT is 100 rupees
** YTD, ZEE up 28%
(Reporting by Abhinav Parmar in Bengaluru)
(([email protected];))
** Brokerage CLSA says Zee's ZEE.NS OTT service Z5 has seen weekly active users double to a record 27 mln since the Fifa World Cup began
** Says Zee's surge in Z5 and viewership will aid revenue, offsetting rights costs estimated at under $60 mln over eight years, adding upside to growth forecasts
** Maintains "outperform" rating on stock, with PT at 125 rupees, implying 8% upside to last close
** Says Z5 has been the most downloaded OTT in the past two weeks despite premium subscription monetisation for World Cup content
** Shares of the satellite television and digital media operator were down about 1% to 114.63 rupees
** 6 of 13 brokerages rate the stock "buy" or higher, 2 "hold" and 5 "sell" or lower; their median PT is 100 rupees
** YTD, ZEE up 28%
(Reporting by Abhinav Parmar in Bengaluru)
(([email protected];))
** Shares of Zee Entertainment Enterprises ZEE.NS rise 2.3% to 105.3 rupees, snapping a three-day losing streak
** Broadcaster to raise 23 billion rupees ($241.4 million) to fund strategic and business initiatives
** Zee, which did not disclose how it would raise the funds, said it would deliberate on options
** Stock rated "hold" on avg, median PT 109.5 rupees - data compiled by LSEG
** Stock up 17% YTD
(Reporting by Aleef Jahan in Bengaluru)
** Shares of Zee Entertainment Enterprises ZEE.NS rise 2.3% to 105.3 rupees, snapping a three-day losing streak
** Broadcaster to raise 23 billion rupees ($241.4 million) to fund strategic and business initiatives
** Zee, which did not disclose how it would raise the funds, said it would deliberate on options
** Stock rated "hold" on avg, median PT 109.5 rupees - data compiled by LSEG
** Stock up 17% YTD
(Reporting by Aleef Jahan in Bengaluru)
Zee Entertainment Enterprises said its board has approved raising at least Rs 2,300 crore in one or more phases to fund strategic initiatives. The board, which met on June 10, will deliberate further on the specific options for raising the capital. The company did not disclose whether the funds would be raised through equity, debt or a hybrid instrument. The announcement follows an earlier intimation that the board would consider fundraising at this meeting. The capital raise is equivalent to about 22% of the company's current market capitalisation.
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Zee Entertainment Enterprises said its board has approved raising at least Rs 2,300 crore in one or more phases to fund strategic initiatives. The board, which met on June 10, will deliberate further on the specific options for raising the capital. The company did not disclose whether the funds would be raised through equity, debt or a hybrid instrument. The announcement follows an earlier intimation that the board would consider fundraising at this meeting. The capital raise is equivalent to about 22% of the company's current market capitalisation.
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June 10 - Indian television broadcaster Zee Entertainment ZEE.NS said on Wednesday that it would raise 23 billion rupees ($241.43 million) to fund its strategic and business initiatives.
($1 = 95.2650 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru; Editing by Sonia Cheema)
June 10 - Indian television broadcaster Zee Entertainment ZEE.NS said on Wednesday that it would raise 23 billion rupees ($241.43 million) to fund its strategic and business initiatives.
($1 = 95.2650 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru; Editing by Sonia Cheema)
** Shares of Zee Entertainment Enterprises ZEE.NS rise as much 4.4% to 117.20 rupees, set to gain for fourth straight session
** TV Broadcasting co's board to meet on Wednesday to consider raising funds via issue of shares or other securities through private placement, preferential issue, or any other method
** ZEE rose in the past two sessions after it partnered with FIFA to broadcast the 2026 Football World Cup in India
** Trading vols over 2x the 30-day average at 83.5 mln shares so far
** YTD, ZEE up ~27%
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Zee Entertainment Enterprises ZEE.NS rise as much 4.4% to 117.20 rupees, set to gain for fourth straight session
** TV Broadcasting co's board to meet on Wednesday to consider raising funds via issue of shares or other securities through private placement, preferential issue, or any other method
** ZEE rose in the past two sessions after it partnered with FIFA to broadcast the 2026 Football World Cup in India
** Trading vols over 2x the 30-day average at 83.5 mln shares so far
** YTD, ZEE up ~27%
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Zee Entertainment Enterprises ZEE.NS rise 5% to 109.5 rupees, their highest level since October 16, 2025
** For the week, the broadcaster has jumped nearly 18% so far, its biggest weekly gain since September 2021
** Jump comes after co partners with FIFA to broadcast the 2026 Football World Cup in India, with the deal also covering 39 FIFA tournaments from 2026 to 2034, including the 2030 World Cup
** ZEE sees its busiest week in terms of volumes since January 2024
** Stock up 21.5% so far in 2026
(Reporting by Nishit Navin in Bengaluru)
** Shares of Zee Entertainment Enterprises ZEE.NS rise 5% to 109.5 rupees, their highest level since October 16, 2025
** For the week, the broadcaster has jumped nearly 18% so far, its biggest weekly gain since September 2021
** Jump comes after co partners with FIFA to broadcast the 2026 Football World Cup in India, with the deal also covering 39 FIFA tournaments from 2026 to 2034, including the 2030 World Cup
** ZEE sees its busiest week in terms of volumes since January 2024
** Stock up 21.5% so far in 2026
(Reporting by Nishit Navin in Bengaluru)
BENGALURU, June 1 (Reuters) - India's Zee Entertainment ZEE.NS on Monday said it has partnered with FIFA to broadcast the 2026 football world cup in India.
(Reporting by Nishit Navin)
(([email protected];))
BENGALURU, June 1 (Reuters) - India's Zee Entertainment ZEE.NS on Monday said it has partnered with FIFA to broadcast the 2026 football world cup in India.
(Reporting by Nishit Navin)
(([email protected];))
** Shares of Zee Entertainment ZEE.NS rise as much as 2.4% to 84.75 rupees
** Broadcaster said its in talks with FIFA to stream and broadcast the 2026 World Cup in the country
** The announcement, which provided no financial details, comes as talks between a Reliance RELI.NS-Disney DIS.N joint venture and the football body are at a deadlock, just weeks before the tournament kicks off on June 11
** ZEE disclosed its talks as part of its launch of Unite8 Sports, a dedicated portfolio of sports channels to strengthen its sports offerings to consumers
** Thirteen analysts have a "hold" rating on avg on the shares; median PT is 109.5 rupees - data compiled by LSEG
** YTD, down ~7%
(Reporting by Urvi Dugar in Bengaluru)
(([email protected];))
** Shares of Zee Entertainment ZEE.NS rise as much as 2.4% to 84.75 rupees
** Broadcaster said its in talks with FIFA to stream and broadcast the 2026 World Cup in the country
** The announcement, which provided no financial details, comes as talks between a Reliance RELI.NS-Disney DIS.N joint venture and the football body are at a deadlock, just weeks before the tournament kicks off on June 11
** ZEE disclosed its talks as part of its launch of Unite8 Sports, a dedicated portfolio of sports channels to strengthen its sports offerings to consumers
** Thirteen analysts have a "hold" rating on avg on the shares; median PT is 109.5 rupees - data compiled by LSEG
** YTD, down ~7%
(Reporting by Urvi Dugar in Bengaluru)
(([email protected];))
Adds detail from paragraph 1
May 26 (Reuters) - India's Zee Entertainment ZEE.NS is in talks with FIFA to stream and broadcast the 2026 World Cup in the country, the company said in a statement on Tuesday.
The announcement, which provided no financial details, comes as talks between a Reliance-Disney joint venture and the football body are at a deadlock, just weeks before the tournament kicks off on June 11.
FIFA, which had initially sought $100 million for broadcast rights for the 2026 and 2030 World Cups in India, was last looking for no less than about $60 million, Reuters had reported.
The expected amount still far exceeds the $20 million offered by Reliance-Disney, led by billionaire Mukesh Ambani's Reliance RELI.NS.
Sony 6758.T also held talks but decided not to make an offer for FIFA rights for India.
FIFA has concluded agreements with broadcasters in more than 180 territories globally, it said previously.
Zee Entertainment disclosed its talks with FIFA as part of its launch of Unite8 Sports, a dedicated portfolio of sports channels to strengthen its sports offerings to consumers.
India accounted for 2.9% of the global linear TV reach of the World Cup in 2022.
(Reporting by Abhirami G in Bengaluru
Editing by David Goodman and Tomasz Janowski)
Adds detail from paragraph 1
May 26 (Reuters) - India's Zee Entertainment ZEE.NS is in talks with FIFA to stream and broadcast the 2026 World Cup in the country, the company said in a statement on Tuesday.
The announcement, which provided no financial details, comes as talks between a Reliance-Disney joint venture and the football body are at a deadlock, just weeks before the tournament kicks off on June 11.
FIFA, which had initially sought $100 million for broadcast rights for the 2026 and 2030 World Cups in India, was last looking for no less than about $60 million, Reuters had reported.
The expected amount still far exceeds the $20 million offered by Reliance-Disney, led by billionaire Mukesh Ambani's Reliance RELI.NS.
Sony 6758.T also held talks but decided not to make an offer for FIFA rights for India.
FIFA has concluded agreements with broadcasters in more than 180 territories globally, it said previously.
Zee Entertainment disclosed its talks with FIFA as part of its launch of Unite8 Sports, a dedicated portfolio of sports channels to strengthen its sports offerings to consumers.
India accounted for 2.9% of the global linear TV reach of the World Cup in 2022.
(Reporting by Abhirami G in Bengaluru
Editing by David Goodman and Tomasz Janowski)
By Aditya Kalra
NEW DELHI, May 20 (Reuters) - Indian fashion-to-beauty retailer Nykaa has asked a New Delhi court to make Meta META.O a party to a copyright dispute filed by media firm Zee, court documents show, in a case seen as having implications for the commercial use of music on Instagram.
Zee Entertainment ZEE.NS has sued Nykaa FSNE.NS for allegedly using its copyrighted songs in Instagram reels to promote its products, seeking $210,000 in damages, Reuters reported this month.
In a non-public filing dated May 19 and seen by Reuters on Wednesday, Nykaa told the Delhi High Court that Meta must be included, as only it can "authoritatively state whether use" of music clips by Nykaa breached any licence terms.
Zee argues its licensing agreement with Meta allows individuals to use its music in posts, but only for non-commercial purposes.
Nykaa has also argued the dispute should first go to mediation, the filings show.
Legal experts say the case could have wider implications, given Nykaa and Zee are both major listed companies in India.
Meta, Nykaa and Zee did not respond to requests for comment.
Music and film copyright disputes have been in focus in India. Zee has also sued a Reliance-Disney joint venture over alleged use of its music, while the Reliance-led venture has filed a case against Zee over alleged Bollywood film licensing breaches.
(Reporting by Aditya Kalra. Editing by Mark Potter)
((Email: [email protected]; X: @adityakalra;))
By Aditya Kalra
NEW DELHI, May 20 (Reuters) - Indian fashion-to-beauty retailer Nykaa has asked a New Delhi court to make Meta META.O a party to a copyright dispute filed by media firm Zee, court documents show, in a case seen as having implications for the commercial use of music on Instagram.
Zee Entertainment ZEE.NS has sued Nykaa FSNE.NS for allegedly using its copyrighted songs in Instagram reels to promote its products, seeking $210,000 in damages, Reuters reported this month.
In a non-public filing dated May 19 and seen by Reuters on Wednesday, Nykaa told the Delhi High Court that Meta must be included, as only it can "authoritatively state whether use" of music clips by Nykaa breached any licence terms.
Zee argues its licensing agreement with Meta allows individuals to use its music in posts, but only for non-commercial purposes.
Nykaa has also argued the dispute should first go to mediation, the filings show.
Legal experts say the case could have wider implications, given Nykaa and Zee are both major listed companies in India.
Meta, Nykaa and Zee did not respond to requests for comment.
Music and film copyright disputes have been in focus in India. Zee has also sued a Reliance-Disney joint venture over alleged use of its music, while the Reliance-led venture has filed a case against Zee over alleged Bollywood film licensing breaches.
(Reporting by Aditya Kalra. Editing by Mark Potter)
((Email: [email protected]; X: @adityakalra;))
Adds deputy CEO's comments in paragraphs 2 and 4
By Aleef Jahan C S
May 19 (Reuters) - India's Zee Entertainment Enterprises ZEE.NS reported a quarterly loss on Tuesday, as clients tightening their advertising budgets following the Middle East crisis and higher overall expenses pressured the broadcaster's margins.
Advertising revenues for March were "severely impacted" by the ongoing Middle East conflict as advertisers held back spends near the quarter-end, Mukund Galgali, deputy CEO and chief financial officer, said in a post-earnings call.
Advertisements are typically the biggest source of revenue for broadcasters.
Zee's ad revenue, which accounts for nearly 40% of the total, fell 3.5% in the quarter. Without the Middle East war in the picture, ad revenue would have likely grown in the low single digits, Galgali added.
Zee, which runs channels such as ZeeTV and ZeeCinema as well as the streaming platform Zee5, reported a consolidated net loss of 1.02 billion rupees ($10.57 million) for the January-March period, from a profit of 1.88 billion rupees a year ago.
Expenses rose 19.6%, driven by a 17% increase in operational costs after Zee recognised higher charges related to movie and content rights, following changes in accounting estimates.
Advertising and publicity costs surged 44% due to higher spending on content launches, including the launch of children's vertical KidZ, as well as increased legal expenses.
Meanwhile, Zee's subscription revenue rose nearly 4%, supported by user growth in its digital platform and higher average revenue per user.
The company's overall revenue declined 5.4%.
Zee5's core losses narrowed to 84 million rupees from 753 million rupees a year ago, and revenue rose 71% to 4.7 billion rupees as the service logged an increase in the number of paying subscribers.
Peer Sun TV SUTV.NS will report its quarterly results on Thursday.
($1 = 96.5325 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru; Editing by Eileen Soreng and Janane Venkatraman)
Adds deputy CEO's comments in paragraphs 2 and 4
By Aleef Jahan C S
May 19 (Reuters) - India's Zee Entertainment Enterprises ZEE.NS reported a quarterly loss on Tuesday, as clients tightening their advertising budgets following the Middle East crisis and higher overall expenses pressured the broadcaster's margins.
Advertising revenues for March were "severely impacted" by the ongoing Middle East conflict as advertisers held back spends near the quarter-end, Mukund Galgali, deputy CEO and chief financial officer, said in a post-earnings call.
Advertisements are typically the biggest source of revenue for broadcasters.
Zee's ad revenue, which accounts for nearly 40% of the total, fell 3.5% in the quarter. Without the Middle East war in the picture, ad revenue would have likely grown in the low single digits, Galgali added.
Zee, which runs channels such as ZeeTV and ZeeCinema as well as the streaming platform Zee5, reported a consolidated net loss of 1.02 billion rupees ($10.57 million) for the January-March period, from a profit of 1.88 billion rupees a year ago.
Expenses rose 19.6%, driven by a 17% increase in operational costs after Zee recognised higher charges related to movie and content rights, following changes in accounting estimates.
Advertising and publicity costs surged 44% due to higher spending on content launches, including the launch of children's vertical KidZ, as well as increased legal expenses.
Meanwhile, Zee's subscription revenue rose nearly 4%, supported by user growth in its digital platform and higher average revenue per user.
The company's overall revenue declined 5.4%.
Zee5's core losses narrowed to 84 million rupees from 753 million rupees a year ago, and revenue rose 71% to 4.7 billion rupees as the service logged an increase in the number of paying subscribers.
Peer Sun TV SUTV.NS will report its quarterly results on Thursday.
($1 = 96.5325 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru; Editing by Eileen Soreng and Janane Venkatraman)
Zee and Reliance-Disney venture locked in bitter legal spats
Reliance-led JioStar accuses Zee of unauthorised use of movies
Disputes escalating in India's vibrant entertainment industry
Zee told JioStar some broadcast were 'inadvertent'
By Aditya Kalra
NEW DELHI, May 15 (Reuters) - India's JioStar, the TV and online entertainment venture of Reliance and Walt Disney, has initiated legal measures against rival Zee Entertainment for alleged unauthorised broadcast of Bollywood films it has the rights to, documents show.
Billionaire Mukesh Ambani's JioStar is the No. 1 player in India's vibrant $30 billion media and entertainment industry, while Zee ZEE.NS, one of India's oldest media groups, is a smaller rival. They are already locked in a $1 billion arbitration in London over a collapsed cricket licensing deal in 2024.
In April, Zee sued JioStar in a Delhi court for unauthorised use of its copyrighted music. In an apparent tit-for-tat move, JioStar filed a case on May 4 with a legal mediation committee challenging Zee's broadcast of some Bollywood movies last year even though their rights at the time vested with the Reliance-led entity, according to legal documents reviewed by Reuters.
JioStar alleges Zee telecast 12 distinct films around 20 times, including some blockbusters starring popular Bollywood film actors like Shah Rukh Khan and Aamir Khan.
Zee "is a habitual infringer", JioStar said in its 120-page plea, accusing Zee of continuing to "engage in the unauthorised broadcast and exploitation of the films".
The filing has not been reported previously.
The plea was filed at the Delhi High Court Legal Services Committee, which provides a dispute resolution mechanism aimed at amicable settlements. If it is unresolved, JioStar could escalate the case to a court.
The documents said the committee has asked Zee to appear before it on May 25, adding that a failure to do so will be considered a refusal to participate in the mediation.
JioStar, formed from Reliance RELI.NS and Disney's DIS.N $8.5 billion merger of their Indian media assets in 2024, and Zee both declined to comment.
BIG PLAYERS, MANY LEGAL NOTICES
JioStar and Zee reach hundreds of millions of viewers through scores of TV channels and a streaming platform each. Reliance says JioStar has a 34.2% market share of India's TV market, while Zee says its share is at a four-year high of 18%.
In the music case filed in April, Zee is seeking $3 million from JioStar for allegedly using its music at least 50 times after certain licensing agreements expired.
Two sources with direct knowledge said JioStar is likely to seek upwards of 250 million rupees ($2.61 million) for alleged infringement of its rights to the Bollywood films, though a number is yet to be finalised.
The Bollywood film case reached the court committee stage after the two sides exchanged more than a dozen legal notices and letters starting February 2025, documents show.
The films involved include runaway hits like the 1975 Deewaar (Wall), starring Amitabh Bachchan, and Tridev (Trinity). Jio said it has the rights to these films and Zee allegedly broadcast them without having permission to do so.
Zee said the broadcasts were "inadvertent and unintentional" and it would exercise due caution, but declined any liability for damages that Reliance was seeking.
JioStar has also accused Zee of unauthorised broadcast of Aamir Khan starrer Dangal (Wrestling Bout). The 2016 movie, based on a real-life Indian wrestler, was a big Bollywood hit and won several awards.
Zee denied any wrongdoing, and argued it had permission from the production house to broadcast the movie.
(Reporting by Aditya Kalra; Editing by Raju Gopalakrishnan)
((Email: [email protected]; X: @adityakalra;))
Zee and Reliance-Disney venture locked in bitter legal spats
Reliance-led JioStar accuses Zee of unauthorised use of movies
Disputes escalating in India's vibrant entertainment industry
Zee told JioStar some broadcast were 'inadvertent'
By Aditya Kalra
NEW DELHI, May 15 (Reuters) - India's JioStar, the TV and online entertainment venture of Reliance and Walt Disney, has initiated legal measures against rival Zee Entertainment for alleged unauthorised broadcast of Bollywood films it has the rights to, documents show.
Billionaire Mukesh Ambani's JioStar is the No. 1 player in India's vibrant $30 billion media and entertainment industry, while Zee ZEE.NS, one of India's oldest media groups, is a smaller rival. They are already locked in a $1 billion arbitration in London over a collapsed cricket licensing deal in 2024.
In April, Zee sued JioStar in a Delhi court for unauthorised use of its copyrighted music. In an apparent tit-for-tat move, JioStar filed a case on May 4 with a legal mediation committee challenging Zee's broadcast of some Bollywood movies last year even though their rights at the time vested with the Reliance-led entity, according to legal documents reviewed by Reuters.
JioStar alleges Zee telecast 12 distinct films around 20 times, including some blockbusters starring popular Bollywood film actors like Shah Rukh Khan and Aamir Khan.
Zee "is a habitual infringer", JioStar said in its 120-page plea, accusing Zee of continuing to "engage in the unauthorised broadcast and exploitation of the films".
The filing has not been reported previously.
The plea was filed at the Delhi High Court Legal Services Committee, which provides a dispute resolution mechanism aimed at amicable settlements. If it is unresolved, JioStar could escalate the case to a court.
The documents said the committee has asked Zee to appear before it on May 25, adding that a failure to do so will be considered a refusal to participate in the mediation.
JioStar, formed from Reliance RELI.NS and Disney's DIS.N $8.5 billion merger of their Indian media assets in 2024, and Zee both declined to comment.
BIG PLAYERS, MANY LEGAL NOTICES
JioStar and Zee reach hundreds of millions of viewers through scores of TV channels and a streaming platform each. Reliance says JioStar has a 34.2% market share of India's TV market, while Zee says its share is at a four-year high of 18%.
In the music case filed in April, Zee is seeking $3 million from JioStar for allegedly using its music at least 50 times after certain licensing agreements expired.
Two sources with direct knowledge said JioStar is likely to seek upwards of 250 million rupees ($2.61 million) for alleged infringement of its rights to the Bollywood films, though a number is yet to be finalised.
The Bollywood film case reached the court committee stage after the two sides exchanged more than a dozen legal notices and letters starting February 2025, documents show.
The films involved include runaway hits like the 1975 Deewaar (Wall), starring Amitabh Bachchan, and Tridev (Trinity). Jio said it has the rights to these films and Zee allegedly broadcast them without having permission to do so.
Zee said the broadcasts were "inadvertent and unintentional" and it would exercise due caution, but declined any liability for damages that Reliance was seeking.
JioStar has also accused Zee of unauthorised broadcast of Aamir Khan starrer Dangal (Wrestling Bout). The 2016 movie, based on a real-life Indian wrestler, was a big Bollywood hit and won several awards.
Zee denied any wrongdoing, and argued it had permission from the production house to broadcast the movie.
(Reporting by Aditya Kalra; Editing by Raju Gopalakrishnan)
((Email: [email protected]; X: @adityakalra;))
May 7 (Reuters) - Zee Entertainment Enterprises Ltd ZEE.NS:
ZEE ENTERTAINMENT - INITIATES LITIGATION AGAINST JIOSTAR INDIA FOR MUSIC COPYRIGHT INFRINGEMENT
ZEE ENTERTAINMENT - FILES SUIT AGAINST JIOSTAR FOR UNAUTHORIZED USE OF COPYRIGHTED SOUND RECORDINGS
ZEE ENTERTAINMENT - CLAIMS DAMAGES OF ABOUT 287.5 MILLION RUPEES AGAINST JIOSTAR
ZEE ENTERTAINMENT - INITIATES LITIGATION AGAINST JIOSTAR INDIA FOR MUSIC COPYRIGHT INFRINGEMENT
Source text: ID:nBSE5bGwc3
Further company coverage: ZEE.NS
(([email protected];;))
May 7 (Reuters) - Zee Entertainment Enterprises Ltd ZEE.NS:
ZEE ENTERTAINMENT - INITIATES LITIGATION AGAINST JIOSTAR INDIA FOR MUSIC COPYRIGHT INFRINGEMENT
ZEE ENTERTAINMENT - FILES SUIT AGAINST JIOSTAR FOR UNAUTHORIZED USE OF COPYRIGHTED SOUND RECORDINGS
ZEE ENTERTAINMENT - CLAIMS DAMAGES OF ABOUT 287.5 MILLION RUPEES AGAINST JIOSTAR
ZEE ENTERTAINMENT - INITIATES LITIGATION AGAINST JIOSTAR INDIA FOR MUSIC COPYRIGHT INFRINGEMENT
Source text: ID:nBSE5bGwc3
Further company coverage: ZEE.NS
(([email protected];;))
Removes extraneous million next to $1 billion figure in paragraph 5
Zee locks horns with billionaire Mukesh Ambani-led Disney JV
India's Zee accuses Reliance-Disney of infringing its music
Reliance-led group was earlier open to resolution
Zee is demanding $3 million in damages, court papers show
By Aditya Kalra
NEW DELHI, May 6 (Reuters) - India's Zee Entertainment ZEE.NS has sued the Reliance-Disney joint venture, the country's biggest entertainment company, alleging it used Zee's copyrighted music after licence agreements expired, court documents show.
Zee is seeking $3 million in damages, alleging unauthorised use and exploitation of works from its music division on the Reliance-Disney streaming platform and some of its TV channels, according to previously unreported court papers seen by Reuters.
The lawsuit, filed in New Delhi and reported by Reuters for the first time, marks the latest legal clash between Zee and the group formed from Reliance and Disney's $8.5 billion merger in 2024. The dispute underscores rising tensions over content rights as India's streaming and broadcast market consolidates.
Zee and JioStar, the name of the Reliance-Disney venture led by Indian billionaire Mukesh Ambani's Reliance RELI.NS, declined to comment.
Zee and Reliance are also locked in arbitration in London, where Reliance is seeking $1 billion in damages from Zee for quitting a cricket licensing deal in 2024. Zee denies any wrongdoing and is contesting the demand.
In its 1,800-page lawsuit filed on April 14, Zee alleges that Reliance-Disney used its music at least 50 times after certain licensing agreements expired in 2024 and 2025 and were not renewed due to disagreements over commercial terms.
"The illegal exploitation thereof amounted to copyright infringement," Zee said in the filing, asking the court to stop any ongoing infringements of its music works.
JioStar owns a library of thousands of shows and broadcast rights for top sporting events across its TV channels and its streaming app JioHotstar, India's biggest with about 500 million monthly users.
Zee, one of India's oldest media groups, also has several TV channels and a streaming app, and says it owns a catalogue of more than 19,450 songs in 17 languages.
RELIANCE REJECTED DAMAGES DEMAND
The case was briefly heard on Tuesday, when the judge asked JioStar to ensure there is no ongoing infringement of Zee's works on its platforms while the matter is heard, and to comply within 15 days, according to a source with direct knowledge.
The next hearing is scheduled for July 23.
The lawsuit comes amid Zee's broader push against what it says is abuse of its music catalogue. Reuters reported on Tuesday that Zee has sued fashion-to-beauty retailer Nykaa FSNE.NS, alleging it used Zee's copyrighted songs in Instagram reels to promote products, and is seeking $210,000 in damages.
In the case against JioStar, Zee says its music was infringed across music and dance shows that appeared on TV and the streaming platform.
Court papers show Zee and JioStar have held discussions in recent months and exchanged several letters and legal notices over the disputed use of music.
In December, JioStar told Zee it had "taken extensive steps to remove any infringing content across its portfolio", including legacy programming.
However, it said residual and passive archival hosting did not amount to infringement or unlawful communication, a position Zee disputes, the documents show.
JioStar "categorically rejects" the "coercive demands" for damages, it said in a letter dated March 16, adding that it "remains open to an amicable and commercially sensible solution".
(Reporting by Aditya Kalra. Additional reporting by Munsif Vengattil and Arpan Chaturvedi. Editing by Mark Potter)
((Email: [email protected]; X: @adityakalra;))
Removes extraneous million next to $1 billion figure in paragraph 5
Zee locks horns with billionaire Mukesh Ambani-led Disney JV
India's Zee accuses Reliance-Disney of infringing its music
Reliance-led group was earlier open to resolution
Zee is demanding $3 million in damages, court papers show
By Aditya Kalra
NEW DELHI, May 6 (Reuters) - India's Zee Entertainment ZEE.NS has sued the Reliance-Disney joint venture, the country's biggest entertainment company, alleging it used Zee's copyrighted music after licence agreements expired, court documents show.
Zee is seeking $3 million in damages, alleging unauthorised use and exploitation of works from its music division on the Reliance-Disney streaming platform and some of its TV channels, according to previously unreported court papers seen by Reuters.
The lawsuit, filed in New Delhi and reported by Reuters for the first time, marks the latest legal clash between Zee and the group formed from Reliance and Disney's $8.5 billion merger in 2024. The dispute underscores rising tensions over content rights as India's streaming and broadcast market consolidates.
Zee and JioStar, the name of the Reliance-Disney venture led by Indian billionaire Mukesh Ambani's Reliance RELI.NS, declined to comment.
Zee and Reliance are also locked in arbitration in London, where Reliance is seeking $1 billion in damages from Zee for quitting a cricket licensing deal in 2024. Zee denies any wrongdoing and is contesting the demand.
In its 1,800-page lawsuit filed on April 14, Zee alleges that Reliance-Disney used its music at least 50 times after certain licensing agreements expired in 2024 and 2025 and were not renewed due to disagreements over commercial terms.
"The illegal exploitation thereof amounted to copyright infringement," Zee said in the filing, asking the court to stop any ongoing infringements of its music works.
JioStar owns a library of thousands of shows and broadcast rights for top sporting events across its TV channels and its streaming app JioHotstar, India's biggest with about 500 million monthly users.
Zee, one of India's oldest media groups, also has several TV channels and a streaming app, and says it owns a catalogue of more than 19,450 songs in 17 languages.
RELIANCE REJECTED DAMAGES DEMAND
The case was briefly heard on Tuesday, when the judge asked JioStar to ensure there is no ongoing infringement of Zee's works on its platforms while the matter is heard, and to comply within 15 days, according to a source with direct knowledge.
The next hearing is scheduled for July 23.
The lawsuit comes amid Zee's broader push against what it says is abuse of its music catalogue. Reuters reported on Tuesday that Zee has sued fashion-to-beauty retailer Nykaa FSNE.NS, alleging it used Zee's copyrighted songs in Instagram reels to promote products, and is seeking $210,000 in damages.
In the case against JioStar, Zee says its music was infringed across music and dance shows that appeared on TV and the streaming platform.
Court papers show Zee and JioStar have held discussions in recent months and exchanged several letters and legal notices over the disputed use of music.
In December, JioStar told Zee it had "taken extensive steps to remove any infringing content across its portfolio", including legacy programming.
However, it said residual and passive archival hosting did not amount to infringement or unlawful communication, a position Zee disputes, the documents show.
JioStar "categorically rejects" the "coercive demands" for damages, it said in a letter dated March 16, adding that it "remains open to an amicable and commercially sensible solution".
(Reporting by Aditya Kalra. Additional reporting by Munsif Vengattil and Arpan Chaturvedi. Editing by Mark Potter)
((Email: [email protected]; X: @adityakalra;))
Zee mounts legal challenge over use of licensed music
Lawsuit could provide clarity on usage terms, lawyer says
Zee seeks damages, Nykaa removed some clips
Adds details and background of lawsuit, lawyer comment from paragraphs 8-12
By Aditya Kalra and Arpan Chaturvedi
NEW DELHI, May 5 (Reuters) - India's Zee Entertainment ZEE.NS has sued fashion-to-beauty retailer Nykaa FSNE.NS for allegedly using its copyrighted songs in Instagram reels to promote its products, seeking $210,000 in damages, previously unreported court documents show.
In an April 3 lawsuit filed in the Delhi High Court, Zee argued it has a licensing agreement with Meta Platforms META.O that allows individuals to use its music in Instagram posts for non-commercial use, but said Nykaa had used several of Zee's copyrighted songs in reels to promote products to millions of followers.
The lawsuit documents are not public but were reviewed by Reuters. Nykaa and Zee both declined to comment on the lawsuit.
Short-video formats have become a key advertising tool for brands on social media platforms like Meta's Instagram, often featuring popular Hindi songs as background music.
TWELVE FLAGGED LINKS TAKEN DOWN
Zee listed 12 Instagram reels in its lawsuit, along with screenshots, where Nykaa allegedly used Zee's licensed music to promote its products in social media posts.
In a brief hearing on Thursday, Nykaa's lawyer told the court that the 12 flagged links had been taken down, according to a court order which has not previously been reported.
Nykaa allegedly used the music "without securing any permissions/authorisations from" Zee, according to the over 900-page lawsuit.
Zee has asked the court to award 20 million rupees ($209,742) as compensation over Nykaa's illegal use of its music, the lawsuit said.
Zee and Nykaa are big listed players in their respective sectors in India, and legal experts said the case could have wider implications.
"Marketing departments often use content available on music libraries without reading the fine print of the Instagram terms" and the decision should "provide much-needed clarity," said Aditya Gupta, a partner at India's Ira Law.
The case will next be heard on May 26.
(Reporting by Arpan Chaturvedi; Editing by Bernadette Baum)
(([email protected];))
Zee mounts legal challenge over use of licensed music
Lawsuit could provide clarity on usage terms, lawyer says
Zee seeks damages, Nykaa removed some clips
Adds details and background of lawsuit, lawyer comment from paragraphs 8-12
By Aditya Kalra and Arpan Chaturvedi
NEW DELHI, May 5 (Reuters) - India's Zee Entertainment ZEE.NS has sued fashion-to-beauty retailer Nykaa FSNE.NS for allegedly using its copyrighted songs in Instagram reels to promote its products, seeking $210,000 in damages, previously unreported court documents show.
In an April 3 lawsuit filed in the Delhi High Court, Zee argued it has a licensing agreement with Meta Platforms META.O that allows individuals to use its music in Instagram posts for non-commercial use, but said Nykaa had used several of Zee's copyrighted songs in reels to promote products to millions of followers.
The lawsuit documents are not public but were reviewed by Reuters. Nykaa and Zee both declined to comment on the lawsuit.
Short-video formats have become a key advertising tool for brands on social media platforms like Meta's Instagram, often featuring popular Hindi songs as background music.
TWELVE FLAGGED LINKS TAKEN DOWN
Zee listed 12 Instagram reels in its lawsuit, along with screenshots, where Nykaa allegedly used Zee's licensed music to promote its products in social media posts.
In a brief hearing on Thursday, Nykaa's lawyer told the court that the 12 flagged links had been taken down, according to a court order which has not previously been reported.
Nykaa allegedly used the music "without securing any permissions/authorisations from" Zee, according to the over 900-page lawsuit.
Zee has asked the court to award 20 million rupees ($209,742) as compensation over Nykaa's illegal use of its music, the lawsuit said.
Zee and Nykaa are big listed players in their respective sectors in India, and legal experts said the case could have wider implications.
"Marketing departments often use content available on music libraries without reading the fine print of the Instagram terms" and the decision should "provide much-needed clarity," said Aditya Gupta, a partner at India's Ira Law.
The case will next be heard on May 26.
(Reporting by Arpan Chaturvedi; Editing by Bernadette Baum)
(([email protected];))
April 17 (Reuters) - Zee Entertainment Enterprises Ltd ZEE.NS:
TO INVEST UP TO 1.16 BILLION RUPEES IN PHANTOM DIGITAL EFFECTS CCDS
Source text: ID:nBSE4M1W3w
Further company coverage: ZEE.NS
(([email protected];;))
April 17 (Reuters) - Zee Entertainment Enterprises Ltd ZEE.NS:
TO INVEST UP TO 1.16 BILLION RUPEES IN PHANTOM DIGITAL EFFECTS CCDS
Source text: ID:nBSE4M1W3w
Further company coverage: ZEE.NS
(([email protected];;))
** UBS says softness persists for India's media sector, especially on the advertising side, with no visible recovery signs
** Adds that average weekly ad insertions for the quarter are still below peak levels, showing rapid decline
** "We believe this trend will continue to play out and remain cautious on the sector" - UBS
** Brokerage says while underlying trends remain weak for Zee, year-on-year decline is expected to moderate this quarter, aided by favourable base effects
** Expects 4% y-o-y decline in revenues at Zee, coupled with some increase in costs
** Sees Q4 ad revenues to decline 4% y-o-y for Sun TV due to continued underlying weakness
** "Ad revenue for broadcasters has remained soft despite FMCG companies' stable ad spends, indicating an accelerating shift to digital channels" - UBS
** Zee Entertainment ZEE.NS shares down 2.5%; Sun TV Network SUTV.NS up 1.4%
(Reporting by Abhinav Parmar in Bengaluru)
(([email protected];))
** UBS says softness persists for India's media sector, especially on the advertising side, with no visible recovery signs
** Adds that average weekly ad insertions for the quarter are still below peak levels, showing rapid decline
** "We believe this trend will continue to play out and remain cautious on the sector" - UBS
** Brokerage says while underlying trends remain weak for Zee, year-on-year decline is expected to moderate this quarter, aided by favourable base effects
** Expects 4% y-o-y decline in revenues at Zee, coupled with some increase in costs
** Sees Q4 ad revenues to decline 4% y-o-y for Sun TV due to continued underlying weakness
** "Ad revenue for broadcasters has remained soft despite FMCG companies' stable ad spends, indicating an accelerating shift to digital channels" - UBS
** Zee Entertainment ZEE.NS shares down 2.5%; Sun TV Network SUTV.NS up 1.4%
(Reporting by Abhinav Parmar in Bengaluru)
(([email protected];))
March 26 (Reuters) - Zee Entertainment Enterprises Ltd ZEE.NS:
ZEE ENTERTAINMENT - APPROVES REDEMPTION OF FCCBS OF USD 23.90 MILLION AND CANCELLATION OF USD 215.1 MILLION COMMITMENT
ZEE ENTERTAINMENT - APPROVES SALE AND TRANSFER OF CONTENT BUSINESS TO ZI-IPR ENTERPRISES LIMITED
ZEE ENTERTAINMENT - APPROVES INVESTMENT OF 5 BILLION RUPEES IN OCDS AND 50 MILLION RUPEES IN EQUITY OF ZI-IPR
Source text: ID:nBSEc5TDQP
Further company coverage: ZEE.NS
(([email protected];))
March 26 (Reuters) - Zee Entertainment Enterprises Ltd ZEE.NS:
ZEE ENTERTAINMENT - APPROVES REDEMPTION OF FCCBS OF USD 23.90 MILLION AND CANCELLATION OF USD 215.1 MILLION COMMITMENT
ZEE ENTERTAINMENT - APPROVES SALE AND TRANSFER OF CONTENT BUSINESS TO ZI-IPR ENTERPRISES LIMITED
ZEE ENTERTAINMENT - APPROVES INVESTMENT OF 5 BILLION RUPEES IN OCDS AND 50 MILLION RUPEES IN EQUITY OF ZI-IPR
Source text: ID:nBSEc5TDQP
Further company coverage: ZEE.NS
(([email protected];))
March 20 (Reuters) -
NORGES BANK SOLD 6.1 MILLION SHARES IN ZEE ENTERTAINMENT VIA BULK DEAL - NSE DATA
Further company coverage: ZEE.NS
(([email protected];))
March 20 (Reuters) -
NORGES BANK SOLD 6.1 MILLION SHARES IN ZEE ENTERTAINMENT VIA BULK DEAL - NSE DATA
Further company coverage: ZEE.NS
(([email protected];))
Feb 18 (Reuters) -
ZEE MEDIA CORPORATION LTD- SECURED MULTI-CHANNEL NETWORK LICENCE AND ONBOARDED OVER 350 CHANNELS INTO ITS SYNDICATION ECOSYSTEM
Further company coverage: ZEE.NS
(([email protected];))
Feb 18 (Reuters) -
ZEE MEDIA CORPORATION LTD- SECURED MULTI-CHANNEL NETWORK LICENCE AND ONBOARDED OVER 350 CHANNELS INTO ITS SYNDICATION ECOSYSTEM
Further company coverage: ZEE.NS
(([email protected];))
Jan 28 (Reuters) - India's New Delhi Television NDTV.NS posted its ninth-straight quarterly loss on Wednesday, as the news broadcaster's higher expenses continued to pressure margins.
The broadcaster, in which ports-to-energy conglomerate Adani Group owns a 69.02% stake, has been investing in newly launched TV channels and infrastructure, such as NDTV World and NDTV Marathi, alongside other programs and events, which has kept margins under pressure.
NDTV reported a 20.9% surge in expenses due to higher operating, production and marketing costs, outpacing a 13.3% increase in revenue from operations to 1.5 billion rupees, driven by its expanding channel portfolio.
Additionally, Indian consumer goods makers, who typically spend the most on television advertising, have reined in their spending due to muted demand amid rising costs of living.
Reliance group-controlled Network18 Media NEFI.NS, which owns both news and entertainment channels, flagged a weak advertising environment, saying TV news ad inventory demand fell more than 10% year-on-year during the quarter.
Zee Enterprises ZEE.NS, which runs entertainment channels, also reported a decline in ad revenue amid soft advertising conditions.
The company reported a loss of 802.5 million rupees ($8.72 million) in the October-December quarter, compared to a loss of 556.9 million rupees a year earlier.
NDTV did not disclose its ad revenue for the quarter.
The company's shares closed up 1.8% ahead of results on Wednesday.
Other rivals, TV Today Network TVTO.NS and Zee Media Corporation ZEEN.NS, are yet to report their results.
($1 = 92.0100 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru; Editing by Sonia Cheema and Vijay Kishore)
Jan 28 (Reuters) - India's New Delhi Television NDTV.NS posted its ninth-straight quarterly loss on Wednesday, as the news broadcaster's higher expenses continued to pressure margins.
The broadcaster, in which ports-to-energy conglomerate Adani Group owns a 69.02% stake, has been investing in newly launched TV channels and infrastructure, such as NDTV World and NDTV Marathi, alongside other programs and events, which has kept margins under pressure.
NDTV reported a 20.9% surge in expenses due to higher operating, production and marketing costs, outpacing a 13.3% increase in revenue from operations to 1.5 billion rupees, driven by its expanding channel portfolio.
Additionally, Indian consumer goods makers, who typically spend the most on television advertising, have reined in their spending due to muted demand amid rising costs of living.
Reliance group-controlled Network18 Media NEFI.NS, which owns both news and entertainment channels, flagged a weak advertising environment, saying TV news ad inventory demand fell more than 10% year-on-year during the quarter.
Zee Enterprises ZEE.NS, which runs entertainment channels, also reported a decline in ad revenue amid soft advertising conditions.
The company reported a loss of 802.5 million rupees ($8.72 million) in the October-December quarter, compared to a loss of 556.9 million rupees a year earlier.
NDTV did not disclose its ad revenue for the quarter.
The company's shares closed up 1.8% ahead of results on Wednesday.
Other rivals, TV Today Network TVTO.NS and Zee Media Corporation ZEEN.NS, are yet to report their results.
($1 = 92.0100 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru; Editing by Sonia Cheema and Vijay Kishore)
** Shares of broadcaster Zee Entertainment Enterprises ZEE.NS fall 2.6% to 82.84 rupees
** Co reported 5.5% decline in quarterly profit to 1.55 billion rupees ($16.9 million)
** Q3 advertising revenue, which accounts for about 40% of the total, fell 9% from a year earlier to 8.51 billion rupees
** Kotak Institutional Equities cuts PT to 90 rupees from 115 rupees citing continued weak trends in ad revenues
** While valuations look reasonable, we wait for a recovery in the linear ad environment, stability in core business profitability and a sustained improvement in Zee5 metrics - Kotak
** Stock rated "buy" on avg by analysts covering it; median PT at 127.50 rupees - data compiled by LSEG
** ZEE lost 25.8% in 2025
($1 = 91.5387 Indian rupees)
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
** Shares of broadcaster Zee Entertainment Enterprises ZEE.NS fall 2.6% to 82.84 rupees
** Co reported 5.5% decline in quarterly profit to 1.55 billion rupees ($16.9 million)
** Q3 advertising revenue, which accounts for about 40% of the total, fell 9% from a year earlier to 8.51 billion rupees
** Kotak Institutional Equities cuts PT to 90 rupees from 115 rupees citing continued weak trends in ad revenues
** While valuations look reasonable, we wait for a recovery in the linear ad environment, stability in core business profitability and a sustained improvement in Zee5 metrics - Kotak
** Stock rated "buy" on avg by analysts covering it; median PT at 127.50 rupees - data compiled by LSEG
** ZEE lost 25.8% in 2025
($1 = 91.5387 Indian rupees)
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
Adds details paragraph 3 onwards
Jan 22 (Reuters) - India's Zee Entertainment Enterprises ZEE.NS reported a 5.5% fall in quarterly profit on Thursday, as advertising revenue remained under pressure and higher programming costs continued to weigh on margins.
Broadcasters such as Zee and Network18 NEFI.NS, which get a large share of their revenue from advertising, have been under pressure over the past year due to weak marketing spends by major consumer companies and rising programming costs.
At the same time, the cost of distribution, including for big-ticket movie rights, has squeezed operating margins. This has made companies rely increasingly on subscription growth and film-related income to offset weakness in advertising.
Zee said its advertising revenue, which accounts for about 40% of the total, fell 9% from a year earlier to 8.51 billion rupees ($92.9 million) for the quarter ended December 31.
Subscription revenue grew about 7% year-on-year to 10.5 billion rupees.
The broadcaster's consolidated net profit fell to 1.55 billion rupees from 1.64 billion rupees a year earlier.
($1 = 91.6050 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru; Editing by Ronojoy Mazumdar and Mrigank Dhaniwala)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Adds details paragraph 3 onwards
Jan 22 (Reuters) - India's Zee Entertainment Enterprises ZEE.NS reported a 5.5% fall in quarterly profit on Thursday, as advertising revenue remained under pressure and higher programming costs continued to weigh on margins.
Broadcasters such as Zee and Network18 NEFI.NS, which get a large share of their revenue from advertising, have been under pressure over the past year due to weak marketing spends by major consumer companies and rising programming costs.
At the same time, the cost of distribution, including for big-ticket movie rights, has squeezed operating margins. This has made companies rely increasingly on subscription growth and film-related income to offset weakness in advertising.
Zee said its advertising revenue, which accounts for about 40% of the total, fell 9% from a year earlier to 8.51 billion rupees ($92.9 million) for the quarter ended December 31.
Subscription revenue grew about 7% year-on-year to 10.5 billion rupees.
The broadcaster's consolidated net profit fell to 1.55 billion rupees from 1.64 billion rupees a year earlier.
($1 = 91.6050 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru; Editing by Ronojoy Mazumdar and Mrigank Dhaniwala)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Oct 16 (Reuters) - India's Zee Entertainment Enterprises ZEE.NS reported a fall in quarterly profit on Thursday, as companies continued to pull back on advertising spending.
The company, which runs channels such as ZeeTV and ZeeCinema, said its consolidated net profit fell to 765 million rupees ($8.71 million), for the quarter ended September 30, from 2.09 billion rupees a year ago.
($1 = 87.8625 Indian rupees)
(Reporting by Komal Salecha; Editing by Rashmi Aich)
(([email protected];))
Oct 16 (Reuters) - India's Zee Entertainment Enterprises ZEE.NS reported a fall in quarterly profit on Thursday, as companies continued to pull back on advertising spending.
The company, which runs channels such as ZeeTV and ZeeCinema, said its consolidated net profit fell to 765 million rupees ($8.71 million), for the quarter ended September 30, from 2.09 billion rupees a year ago.
($1 = 87.8625 Indian rupees)
(Reporting by Komal Salecha; Editing by Rashmi Aich)
(([email protected];))
Aug 20 (Reuters) - Zee Entertainment Enterprises Ltd ZEE.NS:
ZEE ENTERTAINMENT ENTERPRISES LTD - ABFL FILES PETITION IN DELHI HIGH COURT CHALLENGING AWARD
ZEE ENTERTAINMENT ENTERPRISES - TRIBUNAL HAD REJECTED ALL CLAIMS OF ABFL AGAINST CO
Source text: ID:nBSE2g1NlC
Further company coverage: ZEE.NS
(([email protected];))
Aug 20 (Reuters) - Zee Entertainment Enterprises Ltd ZEE.NS:
ZEE ENTERTAINMENT ENTERPRISES LTD - ABFL FILES PETITION IN DELHI HIGH COURT CHALLENGING AWARD
ZEE ENTERTAINMENT ENTERPRISES - TRIBUNAL HAD REJECTED ALL CLAIMS OF ABFL AGAINST CO
Source text: ID:nBSE2g1NlC
Further company coverage: ZEE.NS
(([email protected];))
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Popular questions
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What does Zee Entertainment do?
Zee Entertainment Enterprises Limited is a media company offering broadcasting services with content in multiple languages, international and domestic channels, regional language channels, and high definition offerings.
Who are the competitors of Zee Entertainment?
Zee Entertainment major competitors are Saregama India, Tips Music, Network 18 Media Inv, Balaji Telefilms, PVP Ventures, TV Today Network, Praveg. Market Cap of Zee Entertainment is ₹9,788 Crs. While the median market cap of its peers are ₹1,112 Crs.
Is Zee Entertainment financially stable compared to its competitors?
Zee Entertainment seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Zee Entertainment pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Zee Entertainment latest dividend payout ratio is 34.37% and 3yr average dividend payout ratio is 51.16%
How has Zee Entertainment allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Zee Entertainment balance sheet?
Balance sheet of Zee Entertainment is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Zee Entertainment improving?
The profit is oscillating. The profit of Zee Entertainment is ₹271 Crs for TTM, ₹680 Crs for Mar 2025 and ₹141 Crs for Mar 2024.
Is the debt of Zee Entertainment increasing or decreasing?
Yes, The net debt of Zee Entertainment is increasing. Latest net debt of Zee Entertainment is -₹1,315.8 Crs as of Mar-26. This is greater than Mar-25 when it was -₹2,190.9 Crs.
Is Zee Entertainment stock expensive?
Zee Entertainment is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Zee Entertainment is 35.84, while 3 year average PE is 42.12. Also latest EV/EBITDA of Zee Entertainment is 21.25 while 3yr average is 14.07.
Has the share price of Zee Entertainment grown faster than its competition?
Zee Entertainment has given lower returns compared to its competitors. Zee Entertainment has grown at ~-15.26% over the last 9yrs while peers have grown at a median rate of 37.51%
Is the promoter bullish about Zee Entertainment?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Zee Entertainment is 3.99% and last quarter promoter holding is 3.99%.
Are mutual funds buying/selling Zee Entertainment?
The mutual fund holding of Zee Entertainment is decreasing. The current mutual fund holding in Zee Entertainment is 4.86% while previous quarter holding is 5.75%.