Launched in February 2018, ZEE5 had 56.3 million monthly active users, according to Zee's quarterly update, with an average watch time of 31 minutes a day
The stock was up 4 per cent to Rs 476 on Wednesday, extending its Tuesday's 2 per cent gain on the BSE.
The company indicated that it would continue to grow its advertising revenues faster than the industry
Deal structure, choice of partner coming into the company are key factors
Zee has already put together an aggressive strategy to take on its rival Reliance Jio
We keep doing reviews of the business within the family and in the past 2-4 months, several approaches have been made (to buy a stake in Zee) and discussions have been held
Essel has decided to appoint Goldman Sachs Securities (India) Ltd as their investment banker and US and European based LionTree as an international strategic advisor for this exercise
The platform will offer immersive content, satisfying all five senses
Despite pressure, margins much ahead of estimates
Firm, however, has reiterated margins will remain steady near the 30%-mark despite OTT investments
As the deadline for implementing TRAI's new tariff order approaches, the entertainment network has revealed plans to launch multiple channel bouquets as required by the regulation
Attractive valuation makes the risk-reward favourable
Kumar's mandate includes taking steps to build a dynamic workplace and attract talent, enable innovative people practices, and support the growing workforce needs
Punit Goenka spoke to BS on everything - from his worries to growth challenges
Having built network dominance, the broadcaster shifts focus to generating new revenue drivers
In October last year, ZEEL entered into a definitive agreement to acquire 9X Media and INX Music for an all cash consideration of Rs 1.6 bn
Advertising revenue growth expected to be a strong 20% in March quarter and 14% in CY18
A global offering, the service will house library content form TV and films, and originals with features like browsing/search in 11 languages and voice-enabled search
Firm has maintained revenue and subscription growth targets for FY18
Zee Entertainment Enterprises standalone net profit rises 5.89% in the September 2017 quarter