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The Zee Entertainment board is meeting on December 23 to consider restructuring of ETC Networks. CNBC-TV18’s Ekta Batra reports.
In a second step which is after the Zee Entertainment, Zee News restructuring we are going to see a restructuring between ETC Networks and Zee Entertainment. The two general entertainment channels (GECs) channels of ETC Networks are going to be transferred into Zee Entertainment. This is similar to what Zee Entertainment had done with Zee News.
Also Corner Shop Entertainment, which is into animation business, could also be amalgamated with ETC Networks and probably be transferred at this point. ETC Network also has education business. It consists of Zee Learn, which comprises 35-40% of revenues at present. Whereas the broadcasting revenues come in at around 60% that will probably be retained into ETC Networks. This is basically to allow fundraising to allow growth plans and growth initiatives.
The possible transferring of the education business into Zee Entertainment is unlikely and now this is because it won’t be in line with strategic initiatives the company undertook with Zee News and Zee Entertainment, it would make more strategic sense to only transfer the GEC channels from ETC Networks into Zee Entertainment.
They had undertaken some restructuring by amalgamating the education business and ETC Networks broadcasting business only two years ago. So there is highly unlikely possibility that the education business will be transferred. Therefore the education business will remain a stanalone entity whereas the GEC business will be transferred into Zee Entertainment.
The Zee Entertainment board is meeting on December 23 to consider restructuring of ETC Networks. CNBC-TV18’s Ekta Batra reports.
In a second step which is after the Zee Entertainment, Zee News restructuring we are going to see a restructuring between ETC Networks and Zee Entertainment. The two general entertainment channels (GECs) channels of ETC Networks are going to be transferred into Zee Entertainment. This is similar to what Zee Entertainment had done with Zee News.
Also Corner Shop Entertainment, which is into animation business, could also be amalgamated with ETC Networks and probably be transferred at this point. ETC Network also has education business. It consists of Zee Learn, which comprises 35-40% of revenues at present. Whereas the broadcasting revenues come in at around 60% that will probably be retained into ETC Networks. This is basically to allow fundraising to allow growth plans and growth initiatives.
The possible transferring of the education business into Zee Entertainment is unlikely and now this is because it won’t be in line with strategic initiatives the company undertook with Zee News and Zee Entertainment, it would make more strategic sense to only transfer the GEC channels from ETC Networks into Zee Entertainment.
They had undertaken some restructuring by amalgamating the education business and ETC Networks broadcasting business only two years ago. So there is highly unlikely possibility that the education business will be transferred. Therefore the education business will remain a stanalone entity whereas the GEC business will be transferred into Zee Entertainment.
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