MxMIndia

Tag: Zee Music Company

  • In 2019, Zee Music released 250 film albums including 60 in Hindi and 190 in regional languages

    Zee Music celebrates sixth anniv

    By A Correspondent

     

    Zee Music has completed six years in India. Right from its inception in 2014, the music label has carved its niche to succeed as one of the top music publishers in India, publishing over a 1000 songs every year. In 2019, Zee Music released 250 film albums including 60 in Hindi and 190 in regional languages and a whopping 600+ non-film singles i.e. a 55 per cent market share of new Bollywood music released during the year.

     

    Speaking on the milestone, Anurag Bedi, Business Head – Zee Music Company, said: “It’s been an amazing journey, in just six years of launch, we have strengthened our position as India’s No #2 music label by market share. We are also the No#2 Music Channel on YouTube India & No #4 Music Channel on YouTube Worldwide. Zee Music reached a subscriber base of 52 million with 2.7 billion views per month. Under this brand we create music, which is for the masses, long lasting and leaving a strong emotional connect with every heart. Zee Music is in a unique position to mass produce music at a very low cost that makes our model distinctive and thus give us a competitive advantage.”

     

     

  • The start-up has acquired the music of films like Holiday, Humshakals, Bang Bang and Bombay Velvet

    Zee launches music co, acquires blockbuster content

    By A Correspondent

     

    Zee Entertainment Enterprises Limited (ZEEL) has announced its foray into the music label space with its latest venture, ‘Zee Music Company’ (ZMC). The ZMC has plans to acquire the music rights of over 20 major motion pictures in the financial year 2014-15.

     

    Punit Goenka

    Introducing the label, Punit Goenka, MD and CEO, Zee Entertainment Enterprises Limited stated “The music industry is a large playing field and there is scope for us to explore the opportunity in this market. Technology has also emerged as a key transformer of the music industry and digital revenues are driving growth in the market. Since we are a content company, it is essential to own intellectual property as content is the king.”

     

    Said Anurag Bedi, Business Head and EVP, Zee Music Company (ZMC): It’s a great space to be in, as music is something that is consumed universally. The Hindi film industry is currently in its best phase musically and there is a plethora of talent. We had been toying with this idea and finally we have entered this space.”

     

    Anurag Bedi

    Talking about the acquisitions, Mr Bedia said: “We are thrilled at having acquired the rights to the music of the Akshay Kumar-Sonakshi Sinha starrer ‘Holiday’ which is jointly produced by Reliance Big Entertainment, Sunshine Pictures and Hari Om Entertainment Company.”

     

    “We have also partnered with Fox Star Studios and signed the latter for the music of 5 of its Hindi releases for the year, including the Saif Ali Khan and Riteish Deshmukh starrer ‘Humshakals’, Hrithik Roshan and Katrina Kaif starrer ‘Bang Bang’ and one of the most anticipated releases of the year ‘Bombay Velvet’ starring Ranbir Kapoor and Anushka Sharma”; Mr Bedi added.

     

    The music industry in India currently stands at a staggering figure of Rs 960 crore and projected figures for 2014 are Rs 1010 crore. The industry is expected to only grow over the years and reach Rs 1780 crore in 2018. Zee Music Company intends partnering with big players like Dharma Productions, Excel Entertainment and other top studios, a communiqué added.