Zee Entertainment Enterprises (Zee) has initiated the process of slashing its workforce by 15% across functions as it looks to optimise costs and achieve its target of 20% EBITDA margin in 2025-26, the company said in a statement. The move is likely to impact nearly 700 employees, as the company employed 4,577 people as of …
Punit Goenka on Friday proposed implementation of a lean and streamlined management structure to the Board of Zee Entertainment Enterprises, to arrive at a cost-effective operational model with speed and agility as the core areas of focus. Goenka has also initiated the process of rationalization of the workforce across companny by 15 per cent in …
ZEE Entertainment Enterprises (ZEE), MD & CEO, Punit Goenka on Tuesday announced his decision to implement a 20 per cent reduction in his remuneration. “Frugality, Optimization and a Sharp Focus on Quality Content are the three key tenets of the plan implemented by Punit Goenka, to drive the company to the targeted goals; and the …
Zee Entertainment Enterprises (ZEE) has terminated 50% of its Technology & Innovation Centre (TIC) staff in Bengaluru to optimise costs and boost its operating margin, the company said in a statement. ZEE has also restructured the TIC and streamlined its scope of work following the board’s guidance. The ZEE board had recently asked the management …
ZEE Entertainment Enterprises (Zee) board has created a structured Monthly Management Mentorship (3M) Program to guide the management team to achieve key performance metrics, including the target of 20% EBITDA margin by cutting down losses from five business verticals. The 3M Program Special Committee has advised business verticals like Margo Networks (Sugarbox), Teleplay & Zindagi, …
Zee Entertainment Enterprises MD & CEO Punit Goenka has taken the first step to streamline the organisation by implementing strategic changes in the revenue vertical of the broadcast business. Under this new structure, Goenka will be directly working with the revenue teams. Ashish Sehgal, the company’s chief growth officer for ad revenue, will report directly …
Zee Entertainment Enterprises President Revenue Rahul Johri has quit the company as the entertainment major has implemented strategic changes to the revenue vertical of the broadcast business. Punit Goenka, MD and CEO of Zee Entertainment, will work directly with the revenue teams as part of the streamlining of the company’s operations. Ashish Sehgal, the company’s …
Zee Entertainment Enterprises has come out with competitively priced packages for advertisements during the Indian Premier League (IPL) season, according to a senior executive, a move seen making it easier for brands that find IPL TV broadcaster Disney Star’s rates prohibitive. The packages offered by Zee Entertainment – which has more than 17% share in …
Zee Entertainment Enterprises is under the F&O trade ban on Saturday. The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Individuals trading …
MUMBAI: The deal to merge Reliance Industries Ltd (RIL) subsidiary Viacom18 and The Walt Disney Company’s local unit Star India will significantly alter the media and entertainment sector by creating the biggest media entity in the country, said industry executives and experts. The Rs 70,352 crore ($8.5 billion) merged entity, in which RIL will infuse …