For the foreseeable future, ZEE5 will be the biggest bet for ZEE and will take it to 190 nations in one year, said Punit Goenka, MD and CEO, Zee Entertainment.

"In the next 12 month,s we will emerge as the number one over the top (OTT) player in India. We have just soft-launched the business in the international markets on October 2, 2018, and hope to take it in the next one year to about 190 countries," Goenka told CNBC-TV18.

Zee Entertainment on Tuesday reported a 38.23 percent decline in consolidated net profit at Rs 386.10 crore for the second quarter ended September 30, 2018. The company had posted a net profit of Rs 625.09 crore in the July-September period a year ago,

Commenting on the results, Goenka said, “Our broadcast business continues to grow at an impressive pace as evident from the domestic advertising and subscription revenue growth numbers. We continue to consolidate our viewership share which is driving our market-leading growth.”

With inputs from PTI.

First Published:Oct 16, 2018 9:32 PM IST