GECs
Zee Media announces first edition of OTT awards for 2021
Mumbai: Zee Media Corp Ltd (ZMCL) has announced the launch of its OTT awards for the year 2021. The awards will be simulcast over 30 TV and digital platforms.
The award ceremony will be attended by the crème-de-la-crème of the entertainment industry, with an astute jury in various fields of entertainment along with the Zee Media management, said the media company in a statement.
“With the change in viewing habits and the increased consumption of content, we feel the Zee Media OTT awards will do justice to the content creators, actors, the teams behind building successful shows, to continue doing the same and bring out quality content for the viewers,” said ZMCL marketing head Anindya Khare. “The changing landscape around content asks for newer ways to showcase and gratify the efforts put into making the complete OTT ecosystem a success.”
The channel said that the categories will not be restricted to film and web series only and the focus will also be on alternative digital media content. Apart from the awards and on-stage entertainment, there will be panel discussions that will be livestreamed on digital platforms, allowing the viewers to ask questions to the panellists, making the whole viewing experience more immersive, it added.
“OTT is the next big thing for years to come as the entertainment industry witnesses a paradigm shift in the way content is consumed by the audience,” said Zee Media chief revenue officer Gaurav Verma. “To lead the way and become the pioneers in the award space, it gives us immense pleasure to bring these awards to the consumers, to gauge their level of interest and take the next steps from there. We are creating a new platform to showcase the best talent from the world of OTT.”
India is currently the world’s fastest-growing OTT market and is all set to emerge as the world’s sixth-largest by 2024. There are currently about 40 providers of OTT media services in India, which distribute streaming media over the internet. Between March and November 2019, around 30 million internet users came online for the first time from rural areas, showing a steep growth in the consumer base for the OTT platforms, said the statement.
“It is important that we notice and act on the changing consumption trends of the viewers, consumers and advertisers in order to be present in all relevant spaces at the given time,” said Zee Media chief revenue officer Manoj Jagyasi. “New initiatives are always more lucrative for advertisers as they arrest the attention of the viewers. Zee Media OTT award, similarly, is a new and exciting proposition for our viewers which will be well accepted by them due to our unbiased approach to the awards.”
GECs
Sahara One reports financial results, notes director exit and business realignment
Muted revenues, steady expenses and strategic adjustments shape company’s current phase
MUMBAI: In a tale where the sands seem to be slipping faster than they can be gathered, Sahara One Media and Entertainment Limited has reported another quarter of wafer-thin income and widening losses, even as a boardroom exit adds to the unease.
The company informed the Bombay Stock Exchange that its board, in a meeting held on April 4, approved its unaudited financial results for the quarter ended September 30, 2025. The numbers paint a stark picture. Total income for the quarter stood at just Rs 0.13 lakh, unchanged sequentially and sharply down from Rs 0.26 lakh a year earlier.
Losses, meanwhile, deepened. The company posted a net loss of Rs 24.16 lakh for the quarter, compared to Rs 18.81 lakh in the June quarter and Rs 39.69 lakh in the same period last year. For the six months ended September 2025, the cumulative loss stood at Rs 39.69 lakh, while the full-year loss for FY25 was reported at Rs 60.72 lakh.
Expenses continued to outweigh income by a wide margin. Total expenses for the quarter came in at Rs 24.30 lakh, led by employee benefit costs of Rs 6.51 lakh and other expenses of Rs 17.78 lakh. Earnings per share remained in the red at Rs (0.11) for the quarter.
The balance sheet reflects a company with significant assets on paper but limited operational momentum. Total assets stood at Rs 23,065.57 lakh as of September 30, 2025, broadly unchanged from March 2025. Equity share capital remained steady at Rs 2,152.50 lakh, while total equity was reported at Rs 18,004.85 lakh.
Cash and cash equivalents saw a modest uptick to Rs 6.75 lakh from Rs 4.68 lakh earlier, supported by a positive operating cash flow of Rs 180.01 lakh for the period.
Yet, beneath these numbers lies a more complex narrative. The company’s auditors flagged their inability to obtain sufficient evidence to form a conclusion on the financial statements, citing lack of access to records. They also raised concerns over the company’s ability to continue as a going concern, pointing to insufficient funds, delayed recoveries, and stalled content investments.
Adding to the governance overhang, the company disclosed that Rana Zia has resigned as whole-time director, effective October 16, 2025, citing other professional commitments. The resignation, noted and accepted by the board, also brings an end to her role across company committees.
Regulatory pressures continue to loom large. The Securities and Exchange Board of India has already initiated penal actions for non-compliance with listing norms, with trading in the company’s shares remaining suspended. There is also a risk of promoter demat accounts being frozen.
Legacy legal issues remain unresolved. A substantial deposit of Rs 694,027.88 thousand linked to the long-running OFCD dispute involving Sahara group entities is still under the purview of the Supreme Court of India. Restrictions on asset disposal continue to weigh on the company’s financial flexibility.
Operationally, challenges persist across multiple fronts. Advances worth Rs 1,92,916 thousand given for film content remain stuck, with delays in project completion and uncertain recoverability. The company’s YouTube channel, despite being operational, has generated no revenue for over three years due to compliance lapses. In a further twist, management has indicated that revenues may have been fraudulently diverted through unauthorised changes to its AdSense account, with a police complaint in the works.
There are also missed revenue opportunities. Television content rights continue to be used by a related party despite the expiry of the licence agreement, with fresh negotiations still underway.
For now, Sahara One Media and Entertainment Limited appears caught between legacy disputes and present-day operational hurdles. As losses linger and governance questions mount, the road to recovery looks less like a sprint and more like a slow trudge through shifting sands.
