wordpress blog stats
Connect with us

Hi, what are you looking for?

Zee Digital Convergence reports Rs 18.9 crore turnover, Rs 45.1 crore loss in FY17

In 2016-17 (FY17), Zee Digital Convergence Ltd, the company that houses two of the Zee Group's digital businesses - DittoTV and OZEE - reported a turnover of Rs 18.9 crores, and a loss after tax of Rs 45.1 crores, according to the Annual Report from its parent company ZEEL, which houses the Zee Group's entertainment businesses. This is a significant change from a turnover of Rs 46.4 crore, and a loss after tax of Rs 32.3 crores that the Zee Group reported for FY16. Zee had transferred Ditto TV and its digital business into Zee Digital Convergence Limited in FY16, and had launched OZEE towards the end of that financial year. Zee Digital Convergence Limited, prior to this transfer, was called Zee Sports Limited. Refreshing Zee's digital offerings "We are in the midst of refreshing our digital offering," ZEEL said in the Annual Report, "consolidating the learnings from our subscription and advertising based platforms. We will be launching this product in the second half of the year." Zee has two key digital products: OZEE is an advertising video on demand (AVOD) platform, which allows the viewers to watch all of Zee's content on the go, including TV shows from ZEEL, music from Zee Music Company, and movies in Hindi and regional languages. During the fourth quarter of FY17, the platform witnessed an average of more than 50 million video views per month. DittoTV, a subscription based video on demand (SVOD) platform, launched in 2012, offers over 90 live channels and seven…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

Free Reads

News

With GPS in every car, India's toll collection is going high-tech.

News

Google is currently undergoing the necessary procedures for the leasehold land, which is presently under the ownership of the Maharashtra Industrial Development Corporation.

News

The pilot project for which is being launched in 19 cities this year, with a plan to launch a full-fledged rollout next year.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ