Expecting moderate growth in FY21 subscription revenue: Zee Entertainment

Media firm Zee Entertainment Enterprises Ltd (ZEEL) expects a moderate growth in its subscription revenue although its overall advertising revenue is likely to fall this fiscal, according to the company’s annual report.

The company expects the subscription revenue from its OTT(over-the-top) platform ZEE5 to scale up faster as it is investing in original content.

“After a step jump in FY20 and due to uncertainty relating to implementation of (New tariff Amendment Order) NTO 2.0, television subscription revenue growth will moderate this year. However, ZEE5 subscription revenue should scale up faster as it continues its investments in original content and further expands the partnership network,” ZEEL CFO Rohit Gupta said in the annual report for 2019-20.