Entertainment

Zee Entertainment: A New Avatar, Says Prabhudas Lilladher 

Written by corres2

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

We are positive on Zee Entertainment Enterprises Ltd. due to –

1. concrete steps taken to strengthen governance and enhance disclosure levels

2. consistent improvement in viewership share (increased from 11.6% in CY11 to 18.4% in CY19) and

3. likely emergence of ZEE5 as future growth engine in the changing global content consumption paradigm.

We expect revenue compound annual growth rate of 4.1% over FY20-23E backed by increasing viewership share, launch of four regional channels (Zee Punjabi, Zee Thirai, Zee Picchar and Zee Bispoke), increasing viewership of HD channels (16 channels, 35% HD penetration) and selective price hikes.

Click on the attachment to read the full report:

Prabhudas Lilladher Zee Entertainment Company Update.pdf

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