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ZEE Entertainment declares Q4FY20 results: 33% growth in domestic subscription revenues to Rs. 25,622mn witnessed during the year, highest in the industry

Jul 27, 2020
Zee Entertainment Enterprises Ltd. declared its earnings update for Q4FY20 and FY20.

Key Highlights for the Year:

  • 33% growth in domestic subscription revenues to Rs. 25,622mn, highest in the industry
  • ZEEL TV network exited the year as the leader with all India entertainment viewership share of 18.3% in Feb-Mar
  • ZEE5 was the largest producer of digital exclusive content in India, released 80+ shows and movies in FY20
  • ZEE5 global MAUs and DAUs stood at 63.1mn and 6.0mn respectively in Mar-20
  • 4 regional TV channels launched - Zee Punjabi, Zee Biskope, Zee Thirai and Zee Picchar
  • ZEE5 tops popularity charts in key SAARC markets; commercial roll-out in Canada, UK and key European markets
  • Zee Studios was the #3 movie studio in the country in terms of box-office collections
  • Zee Music Company continues to expand its music catalogue; 2nd biggest Indian music channel on YouTube
  • Consolidated revenue stood at Rs. 81,299mn, growth of 2.5%
  • EBITDA for the year stood at Rs. 16,346mn 
  • Board recommends equity dividend of 30%

Business Performance:
Broadcast Business delivered strong operating performance despite a challenging economic environment

Leadership reclaimed by the network

ZEEL exited FY20 as the market leader with 18.3% viewership share. Maintains leadership in Hindi movies,
Marathi, Bangla, and Kannada markets.

Investments continue despite slowdown

Zee Punjabi, Zee Thirai, Zee Picchar and Zee Biskope launched, will strengthen network viewership and revenue.

30%+ domestic subscription growth

Industry leading domestic subscription* growth of 33% during the year.

*Also includes digital revenue

Calibrated investments in international markets

Zee Alem launched in Ethiopia and distribution reach of channels expanded across markets. Zee One was shut down in Germany.

ZEE5 now firmly established as a leading OTT platform, new use cases to further strengthen value proposition.

  • 63.1 mn* global MAUs, 6.0 mn global DAUs in Mar'20
  • 136 minutes average watch time per viewer per month in Mar'20
  • Partnerships with leading telecom operators across the world
  • Commercial roll-out in Europe, UK, Canada
  • Largest digital content producer with 80+ shows/movies in FY20

*India MAU based on Comscore data, rest of the data based on internal data analytics

New use cases to add scale and engagement
HiPi - India's home-grown short video platform
Partnership with GameLoft for hyper casual games
ZEE5 Kids - Exclusive licensed content for kids
Partnership with a premier digital learning platform Eduauraa

Zee Studios and Zee Music Company strengthening their competitive positions
 
  • Zee Studios was the #3 movie studio in the country in terms of box office collections
  • 14 movies co-produced/distributed in FY20
  • 22 films distributed in international markets during the year
  • Strong line-up of in-house production movies ready for release

Zee Music:
  • 190+ movie albums released during the year across languages
  • 55mn+ subscribers on YouTube, the second most subscribed Indian music channel
  • ZMC continues to acquire over 50% of new Bollywood music rights
  • 7,000+ songs in ZMC catalogue, must for every music platform

Zee LIVE expanded into new genres

Supermoon aims to bring the best of global entertainment to India and vice versa; 18 shows attended by 75,000+ people in FY20.

Arth - India's first multiregional culture festival featuring distinguished panellists. Second season held in Delhi and Kolkata attended by 35,000+

ZEE Educare brought alternate career options for students featuring distinguished personalities in non-traditional fields.

Zee continued to engage viewers during the lockdown

TV - 43%* growth in weekly TV viewership minutes

*Industry numbers based on BARC Nielsen Report

ZEEL leveraged movie library to keep viewers engaged. Brought the best shows from its library.

Digital - 60%+* growth in consumption on all connected devices

*Industry numbers based on BARC Nielsen Report

Spike in paid subscribers witnessed, 4 direct-to-digital movies released

Movies - Zee Studios decided to release some of its movies directly on digital platforms

Live - Supermoon Live to Home in partnership with ZEE5 to bring music, comedy, fitness and food content directly to consumers

Report By: Corporate Communications Team
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