Whalesbook
Toh scene ye hai ki Reliance aur Disney wale, matlab JioStar, Zee Entertainment par kaafi naraz hain aur unhone Delhi High Court mein complaint file kar di hai.
Ilzaam yeh lagaya gaya hai ki Zee Entertainment ne lagbhag 12 Bollywood movies broadcast kar di, jin par JioStar ka haq hai. Yeh case Zee dwara pehle music copyright ke issue par kiye gaye legal action ka jawab bhi mana ja raha hai. Aur toh aur, yeh dono company London mein $1 Billion ki ek cricket deal ko lekar bhi arbitration mein hain, jo pehle cancel ho gayi thi. Ab Zee ko mediation committee ke saamne May 25 ko pesh hona hai, agar woh nahi gaye toh samjho settlement ka option khatam. JioStar ne is maamle mein ₹250 Million (lagbhag $2.61 Million) ke damages maange hain, jabki Zee ne pehle music rights ke liye $3 Million maange the.
Bhai, ye sab ho raha hai jab dono companies India ke $30 Billion ke media sector mein apna hissa badhane ki race mein hain. Reliance aur Disney ke JV, JioStar, ne toh TV market mein 34.2% ka share pakad rakha hai, aur total TV market mein toh unka hissa 40-42% tak hai. OTT mein bhi woh 34% share rakhte hain. Wahi Zee Entertainment TV market mein 18% share ke saath aage hai, aur unka OTT platform ZEE5 ke 120-130 Million monthly active users hain. Experts keh rahe hain ki India ka media and entertainment sector jo abhi $30 Billion ka hai, woh 2030 tak $48 Billion se zyada ho jayega, matlab 9.8% ke CAGR se badhega. Digital media toh 2026 tak TV ko bhi peeche chhod dega.
Agar Reliance Industries ki baat karein, toh iski market valuation lagbhag ₹18.18 Trillion hai. FY26 mein unka revenue ₹11 Trillion aur net profit ₹80,775 Crore tha. Zee Entertainment ka valuation kam hai, around ₹8.5-8.7 Thousand Crore ke aas-paas. FY25 mein Zee ka revenue ₹8,100–8,300 Crore aur net profit ₹6.87 Billion tha. Reliance ke saamne Zee ka valuation aur profit dono hi kam lag rahe hain.
Lekin bhai, competition itna tagda hai ki sabki thodi tension toh hai hi. JioStar ko bhi risks hain. Zee, Sony, Sun TV jaise rivals toh hain hi, saath mein Netflix aur Amazon Prime jaise global players bhi hain. Reliance ko IPL jaise costly sports rights par bahut paisa lagana padta hai, jisme financial risk hai. India market price ko lekar kaafi sensitive hai. Zee ki bhi apni mushkilein hain, jaise Sony ke saath deal cancel ho gayi thi aur ROE bhi kam chal raha hai.
Analysts ka kehna hai ki India ka media sector future mein grow karega. Reliance ko woh "Strong Buy" rating de rahe hain aur target price ₹1,697 diya hai, matlab 25% tak ka upside dekh rahe hain. Zee Entertainment ko bhi "Buy" rating mili hai aur target ₹101.15 hai, jo 11% tak ka upside dikha raha hai. Haan, Zee ka growth rate shayad industry average se thoda kam rahega.
Ab dekhte hain ki ye legal battles aur yeh media war kahaan jaakar rukti hai. Zee ki next board meeting May 19, 2026 ko hai, jahan results aur dividend par discussion hogi.