Zee Entertainment Enterprises Ltd
Posted by Large Cap India on March 24th, 2020
Zee Entertainment Enterprises Ltd is India’s largest vertically integrated media & entertainment company, it was launched on 15 December 1991 as Zee Telefilms and was rebranded as Zee Entertainment Enterprises Ltd (ZEEL) on 2006.
Zee and its affiliate companies have leading presence across the media value chain including television broadcasting, cable distribution, direct-to-home satellite services, digital media and print media amongst others.
It is amongst the largest producers and aggregators of entertainment content in the world, with an extensive library housing over 250,000 hours of television content.
Zee Entertainment Enterprises has three sources of revenue viz. advertising, subscription and other sales and services. Other sales and services include revenues from movie production business, content syndication, music label and commission on sales amongst others.
Its current share price is 232.10. Its current market capitalisation stands at Rs 22215.98 Cr. In the latest quarter, company has reported Gross Sales of Rs. 79339 Cr and Total Income of Rs.82462 Cr.
Brickwork Ratings India downgraded Zee Entertainment Enterprises’ (ZEEL) 6% cumulative redeemable non-convertible preference shares with outstanding Rs 1,210.16 crore to ‘BWR AA (credit watch with negative implications) from ‘BWR AA+’ (credit watch with negative implications).
The company’s management includes Subhash Chandra (Chairman), Punit Goenka (MD & CEO), Aparajita Jain, R Gopalan, Surendra Singh, Ashish Agarwal, Adesh Kumar Gupta, Manish Chokhani & Ashok Kurien.
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About the AuthorLarge Cap India
Joined: February 3rd, 2020
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