Page 3 - Zee Entertainment

After collapse of merger talks, Zee seeks $90 mn termination fees from Sony

Zee said it has, on account of Culver Max's and BEPL's breaches under the merger cooperation agreement, terminated the agreement by issuing a letter dated May 23

Zee Entertainment faced Rs 432 crore merger costs in failed Sony deal

The merger agreement between Zee Entertainment and Culver Max Entertainment (Sony's India unit) was terminated on January 22 due to issues over leadership and unmet closing conditions

Zee plans to slam brakes on buying content, avoid high-budget movies

The company is aiming to avoid investing in high-cost films while focusing on frugality and quality content

Shares of Zee Ent zoom over 5% on delivering profits in Q4, rising revenues

Shares of Zee Entertainment soared up to 5.2 per cent at Rs 141.65 per share on the BSE in Saturday's intraday trade. The hike in the stock prices came after the company delivered a turnaround

Stocks to Watch, May 18: Vodafone Idea, ZEE, Delhivery, Sobha, Zydus Life

Stocks to Watch on Saturday, May 18, 2024: Vodafone Idea is directing capital expenditure towards enhancing its 4G service coverage, aiming to expand its subscriber base

Zee Entertainment Q4 results: Posts consolidated net profit of Rs 13.35 cr

Zee Entertainment Enterprises Ltd on Friday reported a consolidated net profit of Rs 13.35 crore in the March quarter. The company had posted a consolidated net loss of Rs 196.03 crore in the same period of the previous fiscal, Zee Entertainment Enterprises (ZEEL) said in a regulatory filing. Consolidated total income in the quarter stood at Rs 2,185.29 crore as against Rs 2,126.35 crore in the corresponding period a year ago, it added. In the fourth quarter of FY24, domestic advertising revenue grew 10.6 per cent year-on-year driven by the continued recovery in macro advertising environment and spending pickup by FMCG clients, while subscription revenue growth was driven by pick up in linear subscription, the company said in an investor presentation. Total expenses in the fourth quarter were lower at Rs 2,043.76 crore as compared to Rs 2,083.35 crore in the year-ago period. The board of directors has recommended a final dividend of Re 1 per equity share having face value of Re 1

Zee Entertainment hits over four-year low; tanks 52% thus far in CY 2024

Analysts at Emkay Global Financial Services said Zee's near-term performance is likely to further deteriorate from current levels

Zee Media Corporation terminates CEO Abhay Ojha; Idris Loya to take over

Zee Media Corporation Limited said it had confirmed the cessation of employment of chief executive officer (CEO) Abhay Ojha with effect from May 4, 2024

NCLT admits personal insolvency plea against Zee's Subhash Chandra

Zee's Subhash Chandra had argued that the NCLT cannot rule on an individual's insolvency

Stocks to Watch: Infy, Bajaj Auto, Voda Idea, ICICI Lombard, Tata Comm, Zee

Stocks to watch on Thursday, April 18, 2024: Vi FPO opens today. Bajaj Auto and Infosys scheduled to report Q4 results; analysts expect single-digit growth in revenues from the latter.

NSE to stop issuance of new futures and options contracts for ZEE

On April 16, the NSE said contracts for new expiry months for Zee Entertainment will not be issued once the existing contract months expire

NCLAT to hear IDBI Bank, Axis Finance plea on Zee-Sony merger on May 17

Axis Finance and IDBI had challenged the merger in NCLAT

Stocks to Watch today: Paytm, Maruti, ICICI Lombard, Lupin, PolicyBazaar

Stocks to watch on Wednesday, April 10, 2024: Seven stocks including Bandhan Bank, Exide Industries, Hindustan Copper, Vodafone Idea, India Cement, SAIL and Zee Entertainment are in F&O ban today.

Stocks to Watch: Healthcare, Titan, UB, Wipro, Zee, Voda Idea, Adani group

Stocks to watch on Monday, April 08, 2024: Shares of healthcare related firms likely to be in focus as Manipal nears acquisition of Medica Synergie.

Zee Entertainment should cut costs in profit pursuit, says panel

The committee has also advised halving the costs at Zee's technology and innovation centre in fiscal 2025, from the 6 billion rupees ($72 million) a year back, Zee said

Stocks to Watch, April 3: ZEEL, Anupam Rasayan, DroneAcharya, Olectra, Moil

Stocks to watch on Wednesday, April 3, 2024: ZEE's Managing Director and Chief Executive Officer, Punit Goenka, will take a 20-per cent cut in his personal remuneration

Amid 'frugal focus', Zee Ent boss Punit Goenka to take 20% pay cut

In January of this year, Japan's Sony Corporation decided to withdraw from a merger of its India unit with Zee, leading to a decline in Zee's share price

Stocks to Watch, April 1: Auto, Zomato, ZEE, RVNL, NHPC, Infy, Garden Reach

Stocks to Watch on Monday, April 1, 2024: Zomato has received a tax demand and penalty worth Rs 23.26 crore from Karnataka tax authorities

Zee Entertainment lays off 50% employees at Bengaluru's tech unit

The plan will optimise the resources and arrive at a cost-effective structure to drive continued growth for the company

ZEE introduces monthly management mentorship programme to meet key metrics

A special committee has been formed to offer strategic guidance, which includes achieving the targeted 20% Ebitda margin set forth by the MD & CEO