GECs
Well begun isn’t half done
MUMBAI: Television channels may continue to bet big on newer and more interesting formats but how well (or otherwise) these programmes fare, at least in the long run, is something that ultimately depends on the audience.
A case in point is the big fight between Star Plus’ Mahabharat and Colors’ Bigg Boss Season Seven. Battle lines were drawn between the rival channels as they had geared up for the launch of two of their biggest properties.
Promotions (on-air, print OOH and on-ground) went on for months. Colors left no stone unturned, with the heaven Vs hell theme and all the suspense built around who would be the inmates of the Bigg Boss house this year. Star Plus too pulled out all stops, promising viewers the mythological battle between good and evil in a contemporary avatar.
While both the channels were hoping to up their ante with these big-ticket shows, the results are now out for everyone to see.
As per the TAM ratings, Mahabharat got off to an epic start with 8445 TVTs whereas Bigg Boss lagged behind a bit with 7711 TVTs on the day of its premiere.
Subsequently, Mahabharat, aired from Monday to Friday, garnering 6356 TVTs and the daily Bigg Boss getting 5080 TVTs. So while media planners agree that both shows have done well, going by its opening ratings, there’s really no consensus as to its performance going forward.
The big question facing the channels is whether its shows will be able to sustain ratings and do justice to the kind of moolah that has been spent on them. Opines Helios Media managing director Divya Radhakrishnan: “Mahabharat is a very strong story and since, we know there are a finite number of episodes, the show won’t be dragged. Hence, I believe that it will continue to do well in the coming weeks as well. But for Bigg Boss to sustain ratings, it will depend a lot on the controversies it gets into.”
By contrast, a Delhi-based media planner feels that while Mahabharat started with a boom, it won’t be able to match up with the gossip and entertainment provided by Bigg Boss. He points out: “A lot of people want to see what is so different in the current shows but however sometimes get disappointed with the execution. I can only hope that the disappointment doesn’t turn into a blind eye for both the shows.”
Another media planner adds that garnering great TVTs in the opening episodes is nothing new. “Most shows, especially reality shows, are able to generate enough enthusiasm among viewers. The real test is about holding their attention.”
All we can say is while we can’t predict the future, for now, both shows have gotten off to a great start…
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.
