Key Points
NEW DELHI : Zee Entertainment Enterprises Ltd said it is overhauling its technology and innovation centre, which includes a pruning of expenses by 50% and a restructuring of its team on the advice of a new management oversight panel..
Based on guidance from Zees board during the recently conducted monthly management mentorship program, Goenka has pruned the technology centres structure by about 50% and streamlined its scope of work, the company said..
Earlier this week, the board of ZEE Entertainment Enterprises institutionalised a monthly management mentorship program to guide the management team on achieving key performance metrics, including a targeted 20% Ebitda margin proposed by Goenka..
As part of its first set of review sessions, the committee identified key business verticals that require critical assessment, including Zees tech subsidiary Margo Networks that offers internet connectivity under the brand name Sugarbox; Zindagi, a general entertainment channel that syndicates content from foreign countries; its recorded theatre service Teleplay; short video app Hipi; online video-on-demand platform Weyyak; and the English TV cluster..
Besides advising a 50% expenditure cut on the companys technology and innovation centre, the committee had also reviewed Zees music business...
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