Restructuring to Enhance Content Creation, Distribution, and Monetization

MUMBAI (India CSR): ZEE Entertainment Enterprises Ltd. (ZEE) has taken strategic steps to revamp its Technology & Innovation Center (TIC). Under the guidance of Punit Goenka, MD & CEO, these measures aim to optimize resources and drive sustained growth for the company.

Pruning the TIC

Based on advice received during the Monthly Management Mentorship (3M) Program, the MD & CEO has pruned the TIC’s structure by approximately 50%. This streamlining ensures a sharper focus on key areas: Content Creation, Distribution, and Monetization. By leveraging technology-led tools, the TIC aims to gain deeper insights into consumer preferences.

Viewer-Centric Approach

Punit Goenka emphasized the company’s commitment to creating exceptional content that resonates with viewers worldwide. “We have a huge responsibility to meet the expectations of billions of viewers,” he stated. Achieving this requires a blend of creativity, consumer insights, and futuristic technology solutions. The core TIC team will now concentrate solely on enabling and empowering the content lifecycle.

Key Tenets of Management Approach

The company’s management, guided by the Board chaired by R. Gopalan, adheres to a frugal approach, optimal resource utilization, and a relentless focus on quality content. These principles align with the strategic realignment of the Revenue vertical, now directly driven by the MD & CEO.

The TIC’s changes contribute to a cost-effective structure that maintains competence and productivity, ensuring continued growth.

Long-Term Vision

Under the Board’s guidance, concerted efforts are underway to streamline the organization’s structure and enhance resource efficiencies. ZEE Entertainment remains committed to delivering maximum value to its shareholders while staying at the forefront of content innovation.

(India CSR)