Tag: Zee Entertainment Enterprises Limited

  • Punit Goenka felicitated with ‘Entrepreneur of the Year’ award

    By a correspondent

     

    Chief Election Commissioner Dr. GV Krishnamurthy presenting the award to Mr. Punit Goenka

    Punit Goenka, MD & CEO of Zee Entertainment Enterprises Limited (ZEEL) was conferred the ‘Entrepreneur of the Year’ award at the Asia Pacific Entrepreneurship Awards 2014 that was held in New Delhi recently.

     

    The prestigious Asia Pacific Entrepreneurship Awards (APEA) recognises and honours business leaders who have shown outstanding performance and tenacity in developing successful businesses within the region. Mr. Goenka was bestowed this award for leading an ever-growing media conglomerate with passion and determination.

     

    On receiving the award, Goenka said, “I accept this award on behalf of the entire ZEE Family, for it is the result of their hard work and dedication. Our visionary Chairman, Mr. Subhash Chandra, pioneered the private Satellite Television Industry way back in the year 1992, and has proven the importance of foreseeing the market demands well in advance, setting higher benchmarks of entrepreneurship for all of us at ZEE. With great pride, the entire ZEE Family aspires to take his vision forward.”

     

    Mr. Goenka further commented, “During the initial days of my career at ZEE, I came across this beautiful quote on ‘Entrepreneurship’ by Peter Drucker, which said that ‘A true entrepreneur always searches for change, responds to it, and exploits it as an opportunity.’  In my opinion, it is the best definition of a true entrepreneur in today’s era. An Entrepreneur in this era, has to be all ears to these ever-rising demands of today’s consumers across the globe, and has to satisfy the consumers, by proactively presenting them, the customized offerings. This evening, I believe is a celebration of this entrepreneurial spirit, across Asia Pacific, and I am glad to be a part of it.”

     

  • Mona Jain, Rahul Sharma join Zee

    Mona Jain

    By A Correspondent

     

    Zee Entertainment Enterprises Limited (ZEEL) has announced the appointment of Mona Jain as EVP-Cluster Head and Rahul Sharma as Senior VP-National Sales Head.

     

    Speaking on both appointments, Ashish Sehgal, Chief Sales Officer (CSO), Zee Entertainment Enterprises Limited (ZEEL) said, “We are extremely happy to have two media stalwarts join us from the industry. Mona brings with her an immense experience and understanding of the industry. She has been instrumental in key media launches and her knowledge will be really valuable in reinforcing our relationship with agencies & clients. Mona will play a key role in developing brand solutions, setting up a business model for geo-targeting & agency relationship management. She will also head the North region leading the Business Development team, new initiatives and niche channels. Rahul comes with a digital background, which will add a new dimension in selling traditional media. His proven skills in establishing start-up operations and successful launch of channel brands will play an integral role in helping the company achieve its business objectives.”

     

    Commenting on her joining, Ms Jain who was until recently CEO of VivaKi Exchange, said: “I am extremely pleased to be stepping into this position. Zee looks poised for huge growth and it will be very exciting to be a part of this journey.”

     

    Said Mr Sharma said, “I have been a part of television and I am excited to join ZEE and be a part of the biggest television network.”

     

    Both appointments are effective today (March 5).

     

  • Bollywoodlife leapfrogs into leadership league

    By A Correspondent

     

    Arvindra Singh Kanwal

    Entertainment, perhaps, remains one of the most sought-after domains inIndiafor those seeking to venture out with an online enterprise of their own. Proof of its popularity could be gauged by the presence of umpteen number of Bollywood portals that have surfaced in recent years, and continue to hold fort despite the tough business environment plaguing the outside world.

     

    Amongst the newer lot of entrepreneurs who have made a mark with their product offering is one-year-old entrant, bollywoodlife.com. The portal is part of India.com, founded by Zee Entertainment Enterprises Limited and Penske Media Corporation, USA with United Internet Germany. What is noticeable about bollywoodlife.com is that barely a few months since its launch, the portal went on to lead the category, overtaking some known leaders in the process.

     

    Throwing light on the genesis and journey of the portal so far, Arvindra Singh Kanwal, CEO, India.com, said: “Bollywoodlife.com was launched in May 2011 and follows the theme and design of its very successful parent site Hollywoodlife.com, owned and operated by our JV Partner Penske Media Corporation. Barely a few months since we launched, around November 2011, the website started being ranked as the No 1 Indian movie property in entertainment on comScore ahead of an old established player like Bollywoodhungama.com. It’s been at the top since.”

     

    Emphasising on the growth being registered since then, he said, “On comScore, we have been growing 3 per cent month-on-month, whereas other sites have been flat or negative. We are confident of accelerating this growth as we keep updating our offering.”

     

    Adding on the journey, Mr Kanwal said that most sites at the time they launched were very movie review-oriented. “We focused on content around Bollywood and Southern movie lifestyle. At a time when most portals tend to be biased towards Bollywood or Southern-based content, we pride on offering an offering that is well balanced.”

     

    The credit, according to Mr Kanwal, goes to Ramya Sarma, the editorial head of the portal who brought her own variety of conversational and photo-essay style essence to the product. “This approach has made it a leading destination to follow celebrity actors and entertainment news for style-minded men and women aged 18-35. Over time, we expect to see a spike in the women audience as the editorial style is tilted towards conversations they engage in,” he said.

     

    On what makes his portal unique from the others in the space, Mr Kanwal said that bollywoodlife.com’s uniqueness lies in providing content that is original, showing breaking news in a conversational fashion and having a multimedia editorial approach.

     

    “We also have transaction content sites in Auto, Education andMobilewhere we deliver news in English, Hindi, Marathi and Bengali. We rank No1 to 5 in every vertical category we represent. We expect our mobile offerings that are to be launched soon to take us closer to our vision of beingIndia’s premiere digital and mobile platform.”

     

    Divulging on the reach, Mr Kanwal said that worldwide it reaches around 15 million users per month (as per Google Analytics). “InIndia, we reach 12 million users of which bollywoodlife.com reaches to 2 million users worldwide and 1.6 million users inIndia.”

     

    On the growth strategy for india.com, Mr Kanwal said that, as a portal, India.com is barely 10 months old but is already ranked No 7 (March 2012, comScore) just behind in.com and AOL aggregate sites: “We have grown at a pace of 7 per cent month-on-month versus the market rate of 2 per cent. We are growing faster than all others. In fact in.com is in the negative zone and we should catch up soon going by our current pace.”

     

    On the scope for online players catering to the M&E industry, Mr Kanwal said that currently, the digital entertainment market is not built for local original licensed content. “There are a lot of sites that offer aggregated, undifferentiated and unlicensed content e.g. songs.pk, torrentz and others and this is the reason that advertisers have stayed away from advertising on them. But the time spent in this category is growing versus other media options. Also, internet penetration is expected to grow from 5 to 30 per cent by 2015. So quality content, multiple multimedia formats, time spent and high reach will make us and others who invest in this segment very valuable media assets.”

     

    According to Mr Kanwal, the plan going forward is to be seen as “a premier destination for users in every category that the company is present in.” This is what will make the company stand out and be counted as a “great” product, compared to the other good ones from the lot.