Zee Entertainment Enterprises Limited (ZEEL) has created a new organisational structure under which CEO Punit Goenka will assume direct charge of key business verticals, including the domestic broadcast business. Amit Goenka, who has been spearheading the streaming business, will take direct charge of original content, including movies, besides assuming additional charge of the international broadcast …
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 …
Mumbai: India’s booming streaming market, which includes more than 50 OTT video entertainment platforms, is ripe for consolidation as large players look for new growth opportunities and smaller ones crave for fresh funds to survive, say industry experts. Despite incurring losses, deep-pocketed OTT platforms are continuing operations due to regular fund injections from their parent …
Zee Entertainment Enterprises (Zee) is implementing a risk mitigation and business continuity plan to ensure that the company’s operations don’t get impacted due to external factors, including an adverse Sebi order against the company’s promoters, chairman R Gopalan told ET. Responding to a question about the likelihood of an adverse Sebi ruling against Zee CEO …
Zee Entertainment’s president and group chief technology officer Nitin Mittal has resigned as the company streamlines the vertical. The board of the company has accepted the resignation of Mittal, who was working in this role for the last two years, it added. This announcement comes amid strategic changes in the technology and data vertical, implemented …
The Delhi High Court on Thursday dismissed international media group Bloomberg’s appeal against a lower court order directing it to take down an allegedly defamatory news article against Zee Entertainment. Justice Shalinder Kaur said there was no ground to interfere with the ex-parte interim order passed by the Additional District Judge (ADJ) on the lawsuit …
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 …
Media company Bloomberg on Wednesday moved the Delhi High Court challenging the trial court’s order directing it take down an article on Zee Entertainment claiming that SEBI has found accounting irregularities of nearly US $240 million at the company. The High Court allowed the urgent listing of the matter for March 7, 2024. On March …
The Reliance Industries-Walt Disney Company deal to merge Viacom18 and Star India could create a media giant with profitable entertainment, but lossmaking sports and streaming, businesses, a report said. The Star-Viacom18 merger is expected to generate $2.8 billion in revenue and a loss of $200 million before interest, tax, depreciation and amortisation on a pro …
NEW DELHI: A proposed merger of Walt Disney’s and Reliance’s media assets in India could spark intense antitrust scrutiny over their market power, with lawyers flagging concerns that the combined entity’s strong portfolio of cricket broadcast rights could impact advertisers. The Disney-Reliance $8.5 billion merger would create India’s No. 1 TV player with 120 channels, …