GECs
Reality bites: Format shows catching on
MUMBAI: Perhaps reality is stranger than fiction, after all. Though the weepy soaps still rule primetime on many channels, format shows have been gaining ground in the country.
In fact, going by the success of shows like Antakshari on Zee, Kaun Banega Crorepati on Star and Indian Idol on Sony, media analysts predict that reality is going to be the next big thing on mass entertainment channels. And as the search for the next big Business Baazigar begins on Zee this month, it’s time to take a closer look at the whole genre of format shows.
The session on ‘Building successful formats,’ at Ficci Frames 2005, revolved around understanding the business of format shows and what makes them tick across the world. The hugely successful Indian Idol was used as a case study for the discussion. What are the reasons for the success of the Indian Idol? Apart from the simplicity and high level of interactivity with viewers, it was also the ability of the show to create memorable characters from the real world.
Sharing his experiences Sanjeev Sharma of Optimystix said, “Although we say that a format show is a non-drama format, it actually succeeds because it has a lot of drama in it. We have worked on various other format shows like Khulja Sim Sim, an adaptation of the American show, Let’s make a deal. This succeeded because the viewer could play along and participate in the show. Then there was Kismey Kitnaa Hain Dum, adapted from the UK format, Night Fever, which had a Karaoke band and was a lot of fun because it revolved around filmi songs. I would say Indian Idol worked because each episode takes the viewer to a high level of interactivity and the beauty of the concept really evolves over episodes.”
Adding to this, Gavin Wood, Director of Production, Freemantle Media said, “The pop idol is one such show which has a record success rate across all the countries. It has given historical ratings across the world and shown a rapid and sustained growth for channels. It’s all about a good unscripted drama which unfolds in front of the viewer. To sum up the psychology of the show, it’s not just about dreams coming true but also about shattering thousands of dreams to which the audience is a witness.”
As for the channel, the format show definitely turned out to be a unique property. Apart from strengthening the Thursday and Friday band, the show raked in more than 5.5 crore votes and TVR’s peaked at 20. But there are many who believe that more than Indian Idol, one has to really take a look at indigenous products like Antakshari on Zee to analyse the success of format shows. Tarun Mehra, representing Zee TV said, “Antakshari on Zee can really be called the longest running format show in the country with about 600 episodes and more than a million people across the world having auditioned for it. Then, of course, Zee has also tasted success with Sa Re Ga Ma and Cinestars Ki Khoj. And now our next big reality show is going to be Business Baazigar which will cut across all TGs.”
But the journey hasn’t been so easy and simple for many in the business. Says, Nikhil Alva, CEO Miditech, “It was in 2000 that we did a reality show called Hospital for BBC. And after that too, it’s been a rough journey trying to change the mindset of broadcasters. Many still believe that reality TV is too depressing and real people don’t make for good viewing. But with Indian Idol we have been able to change the mindset to some extent.”
GECs
Sebi sends show-cause notice to Zee over fund diversion, company responds
Regulator questions 2018 letter of comfort and governance lapses; company vows robust legal response
MUMBAI: India’s markets watchdog has reignited its long-running scrutiny of Zee Entertainment Enterprises, issuing a sweeping show-cause notice that drags the broadcaster and 84 others into a widening governance storm.
The notice, dated February 12, has been served by the Securities and Exchange Board of India to Zee, chairman emeritus Subhash Chandra and managing director and chief executive Punit Goenka, among others. At its heart: allegations that company funds were indirectly routed to settle liabilities of entities linked to the Essel Group.
The regulator’s probe traces its roots to November 2019, when two independent directors resigned from Zee’s board, flagging concerns over the alleged appropriation of fixed deposits by Yes Bank. The deposits were reportedly adjusted against loans extended to Essel Group entities, triggering questions about related-party dealings and board oversight.
A key flashpoint is a letter of comfort dated September 4, 2018, issued by Subhash Chandra in his dual capacity as chairman of Zee and the Essel Group. The document, linked to credit facilities availed by certain group companies from Yes Bank, was allegedly known only to select members of management and not disclosed to the full board—an omission SEBI believes raises red flags over transparency and governance controls.
Zee has pushed back hard. In a statement, the company said it “strongly refutes” the allegations against it and its board members and will file a detailed response. It expressed confidence that SEBI would conduct a fair review and signalled readiness to pursue all legal remedies to protect shareholder interests.
The notice marks the latest twist in a saga that has shadowed the broadcaster since 2019. What began as boardroom unease has morphed into a full-blown regulatory confrontation. The final reckoning now rests with SEBI—but the reputational stakes for Zee, and the message for India Inc on governance discipline, could scarcely be higher.
