Zee Entertainment Enterprises’ global streaming platform, ZEE5 Global, is growing its subscription revenue by 35% year over year, with the United States being its largest market, a senior company executive said. ZEE5 Global chief business officer Archana Anand said the platform contributes 30% to ZEE5’s B2C subscription revenue, even as the subscriber base remains lower …
Mumbai: Zee Entertainment Enterprises Ltd (ZEEL) chief Punit Goenka’s position as MD and CEO of the proposed Sony-Zee merged entity is on shaky ground as he continues to be under investigation by the Securities and Exchange Board of India (Sebi) for the alleged diversion of funds from ZEEL to promoter entities, people aware of the …
The Securities Appellate Tribunal (SAT) on Monday overturned a regulatory ban on Punit Goenka, managing director and chief executive of Zee Entertainment Enterprises, that prevented him from holding a directorship or top managerial role in a listed entity. SAT’s ruling has potentially hastened the Indian media company’s proposed merger with the local arm of Japan’s …
Sony Group Corp’s India unit and Zee Entertainment Enterprises Limited (ZEEL) expect to close the pending merger deal – billed as one of the biggest in the country’s media industry – as early as next month, multiple people familiar with the progress of the proposed transaction told ET. One of the sources said that despite …
Mumbai: Sony Group Corp Friday said that there would be a delay of several months in the merger of its local media unit Sony Pictures Networks India with Zee Entertainment Enterprises (ZEEL), while adding that both parties would pursue the processes necessary to close the deal that aims to create one of the biggest media …
The hope is that the three bidders — Disney Star, Viacom18 and Sony Pictures Networks India (SPNI) — will loosen their purse strings once again. The last time they did that, BCCI waltzed away with ₹48,390 crore in IPL (Indian Premier League) rights for the 2023-27 cycle. That included ₹23,575 crore from Disney Star (TV …
The Mumbai bench of the National Company Law Tribunal (NCLT) on Thursday approved the merger scheme between Zee Entertainment Enterprises Limited (ZEEL) and Culver Max Entertainment (Sony). The bench in its oral order allowed the application for the merger. Earlier on July 10, the division bench of judicial member HV Subba Rao and technical member …