Zee Entertainment's board will meet on July 1 to finalise the structure of its proposed ₹2,300-crore fund raise, including equity and convertible securities options
The partnership aims to extend Zee's content properties into consumer products, retail activations, licensing programmes and experiential offerings across categories
The ₹2,300 crore fund will be raised in one or more phases/tranches to boost the strategic and business initiatives. Further, the board decided to deliberate further on options for raising funds
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The company, which did not disclose a medium for the raise, said the board will deliberate further on options for raising funds
Over the weekend, Zee Entertainment Enterprises said it board is scheduled to meet on Wednesday, June 10 to consider and approve raising of funds.
Football remains a niche sport in India compared to cricket; yet, Zee believes Fifa can help build Zee5, strengthen its sports channels and attract premium advertisers over the next decade
Zee Entertainment secures FIFA media rights in India until 2034, covering 39 global football events, including the FIFA World Cups and Women's World Cup
The deal gives Zee access to all major FIFA events across the globe till the 2034 World Cup
Zee Entertainment will launch Unite8 Sports 1 and Unite8 Sports 1 HD in Hindi, and Unite8 Sports 2 and Unite8 Sports 2 HD in English.
The deal is reportedly valued between $30-35 million and would secure access to television and digital audiences across the country for the tournament
Elara Capital downgraded Zee Entertainment Enterprises to Sell, while Motilal Oswal Financial Services retained Neutral amid weak ad demand and rising digital competition
Zee's advertising revenue, which accounts for nearly 40% of the total, fell 3.5 per cent in the quarter, as the Middle East crisis hurt ad spending in March
Zee Entertainment said Nykaa had used several of its copyrighted songs in reels to promote products to millions of followers
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The regulatory scrutiny was a key obstacle to Zee's merger with Sony, which was abandoned in January 2024 after two years of legal disputes
In Q3, the company reported a 5.1 per cent fall in its consolidated net profit to ₹155.3 crore, as compared to ₹1,63.6 crore a year ago
Zee Entertainment's Q3FY26 net profit fell 5.1% to ₹155 crore despite 15% revenue growth, as weak FMCG ad spending weighed on margins
Zee Entertainment Enterprises Ltd on Thursday reported 5.37 per cent decline in consolidated net profit at Rs 154.8 crore for December quarter FY26. It had logged a net profit of Rs 163.6 crore in the October-December period a year ago, according to a regulatory filing from Zee Entertainment Enterprises Ltd (ZEEL). Total income was up 14.6 per cent to Rs 2,298.5 crore in December quarter FY26. Total expenses were at Rs 2,087.4 crore, up 20.3 per cent year-on-year. During the quarter, revenue from Advertising was down 9.4 per cent to Rs 851.5 crore. The subscription revenue was up 6.9 per cent to Rs 1,050.2 crore in the quarter. Revenue from the 'Other sales & service' was up over sixfold to Rs 378.4 crore. Shares of ZEEL were trading at Rs 84.85 apiece on BSE, up 3.55 per cent from the previous close.
The Zee Sports-UPKL deal will see three seasons of live kabaddi action broadcast in Hindi and streamed on Zee5, expanding the sport's regional reach and fan base across India