An effective Risk Management process requires consistent identification, prioritization, mitigation, monitoring and communication of risk issues across the full breadth of the organization. Essential to this process is its alignment with corporate direction and objectives, specifically strategic planning and annual budgeting processes.
The M&E industry is governed by the rules and regulations framed by the authorities and regulatory bodies of the different countries we operate in. The policies and regulations issued by them have a bearing on the industry landscape as well as business of the Company
As a responsible organization, we proactively engage with all our stakeholders, including the regulators and industry bodies. For the new regulations and any proposed policy changes, we participate in the discussion phase. Our feedback is oriented towards making high quality entertainment accessible to consumers at an affordable cost.
We also engage with the policy makers as a member of IBF(India Broadcasting Federation), which provides research - based inputs and carries out advocacy on various issues concerning the industry
Our annual business planning process incorporates likely changes in regulations and policies.
With mobile data prices coming down, digital content consumption has grown exponentially. This can lead to a slower growth of advertising revenues for the profitable television business.
As an entertainment content company, the organization is focused on creating content which resonates with the audience irrespective of the platform on which it is watched. The company endeavors that its content is available on all platforms to maximise the audience reach.
The company is investing in digital platform, ZEE5, to make it one of the leading OTT platforms in the country. ZEE5 would allow the company to benefit from growth in digital viewership and ad spends.
There are too many digital platforms competing for a small, though growing, digital audience. Since the monetization model for digital platforms has not fully evolved, it could impact the profitability of our digital offering.
The company believes that digital is an opportunity, both for advertising and subscription revenue. With increasing internet penetration, the digital content consumption is set to rise.
The company’s digital platform, ZEE5, was launched with an extensive content catalogue. The investments in ZEE5 will continue to make it the default digital platform for entertainment.
With increasing competition, content creation and content acquisition costs could rise to a level not commensurate to monetization potential and estimated cost recovery
The company has long-standing partnerships with all the major production houses, movie studios and other creative partners which has helped it to keep costs under control.
The company regularly works with new talent which helps control cost. It also exploits content across multiple businesses thereby enhancing revenues
The company extensively evaluates the value of third-party content to ensure that it acquires economically viable content.
Failure to evolve organization structure and culture could lead to loss of ability to attract, develop and retain key creative, commercial and management talent
The company believes that people are its real asset and it strives to be a great place to work by creating an encouraging working environment, providing career growth opportunities and offering avenues for learning and development.
We constantly assess the structure of the organization to align it for the best functional-fit.
Absence of processes embedded with Big Data technologies and advanced analytics which complement management decision making could restrict the ability to leverage data repositories and tools existing in ecosystem
We continuously review the technology requirements of the organization and upgrade the systems on a regular basis. We partner with the best technology vendors for data analytics and other requirements.
For some of the key functions of our digital platform, we plan to gradually move the teams inhouse to have more control, flexibility and agility