Has Zee Entertainment Enterprises decided to be a lone ranger?
On January 22 this year, Culver Max Entertainment (Sony) pulled out, at the last minute, of a merger that Sony and Zee had been working on for more than two years. Soon after began the legal
name calling.
On February 13 came Zee’s third quarter earnings call, where managing director and CEO Punit Goenka talked of cost cutting, frugality and optimisation. Historically, Zee has delivered gross profit margins between 25 and 30 per cent. These started falling in 2023 and reached just over 10 per cent in the third quarter of