Monday, 24 January, 2022
TopicZee Entertainment

Topic: Zee Entertainment

Sony-Zee merger to create media giant valued at $10 billion, Punit Goenka says

Zee’s managing director and CEO Goenka said the revenue will certainly approach almost $2 billion & that he expects all the necessary approvals to come in 8-10 months.

Why Invesco versus Zee could be another shareholder activist challenge to falter in Asia

Indian business landscape favours firms that are either substantially owned by a family, or controlled by a multinational. To come out ahead, Invesco might need to tweak its tactics.

In relief for Zee, Bombay HC restrains Invesco from requisitioning shareholders meeting

Investors Invesco and OFI Global China had sent a requisition to call for an extraordinary general meeting of shareholders for the removal of CEO Punit Goenka from the company’s board.

How Subhash Chandra is fighting to keep control of his media empire

The 70-year-old tycoon risks losing control just as Zee’s prospects are looking up. The media mogul is looking for ways to raise his family’s shareholding.

Zee’s biggest shareholder Invesco explores deal with Reliance to revive television network

The move by Invesco comes amid a bitter battle between share-holding firm and Zee CEO Punit Goenka, with the former trying to oust the latter.

Invesco trying to take over Zee in clandestine manner, founder Subhash Chandra alleges

SEBI and corporate affairs ministry must probe the intentions of Invesco and OFI Global China, Chandra said in an interview to Zee News, a channel owned by his firm.

Zee will not hold shareholders meeting, risks escalating standoff with Invesco

Zee said the requisition notice is not valid, as it suffers from multiple legal infirmities. The refusal sets the stage for a legal tussle.

Zee sells 11% stake to clear debt, still short of Rs 6,800 crore

Zee’s stock value is dropping as tycoon Subhash Chandra and his Essel Group work to clear an outstanding debt of about Rs 11,000 crore with shares pledged as collateral.

James Murdoch’s Comcast consortium eyes stake in Zee Entertainment

A deal would give Comcast, Lupa & Blackstone control of Zee’s content & its online platform ZEE5, which offers films & over 90 tv channels.

Mukesh Ambani and Sunil Mittal to compete for stake in Zee’s online content

A successful deal will help the winning bidder add a slew of video services to their OTT platforms as the government prepares to auction 5G airwaves this year.

On Camera

YourTurn

Liberals mourning India Gate flame must also recall some dark aspects of the colonial Army

The moving of the flame seems, to some, as part of an ongoing extinguishing of the Indian Army’s heritage of secularism, decency and righteousness.

South-East Asia’s SMEs are underperforming. Their ‘digital revolution’ depends on fintech

Digitisation of South-East Asia's economy during the pandemic is uneven. The growth in digital services has favoured individual consumers, not SMEs.

Defence

File photo of Scorpene-class submarine 'INS Vela', at the Naval Dockyard in Mumbai | ANI

Kamov choppers, submarine torpedoes among deals defence ministry will review this week

Ministry is reviewing all procurement under the ‘Buy (Global)’ category, under which equipment is bought directly from foreign manufacturers, amid govt's 'Atmanirbhar' push.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.
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