Page 9 - Zee Entertainment

Zee reported to have missed $200 mn cricket fee deadline to Disney

The Indian entertainment company was betting on the TV rights to retain its viewership and attract more advertisers in the cricket-crazy nation of more than 1.4 billion people

Zee Ent tanks 13% in worst day since Feb 2023 as Sony may call off merger

The stock ended off lows after ZEEL issued a clarification and called news of the Zee-Sony merger termination baseless and factually incorrect

'Baseless, factually incorrect': Zee on reports of Sony calling off merger

'Zee is committed to the merger with Sony,' said the company in a BSE filing on Tuesday

Bajaj Auto, IndiGo, Zee: Trading strategies for stocks in news on Tuesday

Zee Entertainment is seen trading below its key moving averages on the daily scale following today's sharp intra-day fall of over 13 per cent, shows chart.

Stocks to Watch: Bajaj Auto, Metropolis, Zee Entertainment, Fino Payments

Stocks to Watch on January 9, 2024: Sony Group Corp is planning to call off the merger pact of its India unit with Zee Entertainment, reported Bloomberg

Sony may call off merger with Zee, send termination notice by Jan 20

Last month, the two companies were given a one-month grace period to close the merger of their India operations

Stocks to Watch: Allcargo Logistics, Mazagon Dock, Cochin Ship, Inox India

Stocks to Watch on December 21, 2023: Inox India will make its debut on the bourses today; Ultratech Cement has entered into an agreement to acquire 26 per cent stake in Clean Max Terra

Stocks to Watch: Nestle, Zee Ent, Apollo Tyres, Sun Pharma, JTL Ind, NHPC

Stocks to Watch on December 19, 2023: Nestle set Jan 5 as the record date for its stock-split; Sony India is unlikely to extend the timeline for its merger with Zee Entertainment, reported Livemint

Zee Ent slips 4% as it seeks to extend deadline for merger with Sony

The request to extend the deadline comes just a day after two independent directors were unable to secure the re-appointment of the company's board

Stocks to Watch today: Zee, Sun Pharma, Lupin, NTPC, PCBL, Care Ratings

Stocks to watch on Monday, December 18, 2023: Shares of Zee Entertainment are likely to be in focus as company seeks an extension to complete the proposed merger with Sony India.

Zee Entertainment seeks deadline extension for finalising Sony merger deal

While the merger between the two companies received the requisite approvals, differences cropped up over who would helm as the chief executive officer of the merged entity

Zee directors lose vote as clock ticks down on Sony deal deadline

Independent directors Sasha Mirchandani and Vivek Mehra "failed to get the requisite majority of votes," the company said in an exchange filing

Disney-Reliance entertainment biz deal may be beset with antitrust issues

If a deal was struck, it would be the second to seismically reshape India's TV and streaming landscape as Japan's Sony also plans to merge its India business with India's Zee Entertainment

NCLAT refuses to stay Zee-Sony merger, case now to be heard in January

IDBI Bank and Axis Finance had challenged the August 10, 2023, order of the Mumbai bench of the National Company Law Tribunal (NCLT), which approved the Zee-Sony merger

Why large consumer brands have a lot at stake in Disney, Sony deals

The first of these two transactions may come as early as Monday and would see Walt Disney Co. enter into a non-bidding agreement with Mukesh Ambani to merge their media businesses in the country

Zee-Sony merger: IDBI Trusteeship files appeal against Chandra at NCLAT

The appeal challenges the National Company Law Tribunal (NCLT) Mumbai order rejecting IDBI trusteeship's objection to the merger

Working towards successful closure of merger with Sony: Zee Entertainment

Zee Entertainment Enterprises Ltd on Wednesday said it is working towards the successful closure of the proposed merger with Culver Max Entertainment (earlier known as Sony Pictures Networks India). The company also refuted a media report that the USD 10 billion merger, which would create the largest entertainment network in India, risks collapse over who would become CEO of the merged entity as "factually incorrect". "We wish to reiterate that the company is continuing to work towards a successful closure of the proposed merger as per the composite scheme of arrangement approved by the NCLT, Mumbai Bench," Zee Entertainment Enterprises Ltd (ZEEL) said in a regulatory filing. In August this year, the National Company Law Tribunal (NCLT) allowed the merger of ZEEL and Culver Max Entertainment. ZEEL was responding to clarification sought by BSE over the media report which stated that the proposed merger risks a collapse unless the two sides can agree on who'll lead the merged entity

Stocks to Watch today: Tata Motors, ZEE, Ashok Leyland, GIC, Aurobindo, HGS

Stocks to watch on Friday, November 10, 2023: Biocon, Hindustan Aeronautics, Hindalco, LIC, M&M, ONGC, SAIL and Tata Chemicals among prominent companies scheduled to announce Q2 results today.

Zee Entertainment Q2 results: Net profit rises 8.9% to Rs 122.96 crore

Zee Entertainment Enterprise Ltd (ZEEL) on Thursday reported an increase of 8.92 per cent in its consolidated net profit to Rs 122.96 crore for the September quarter. It had posted a net profit of Rs 112.89 crore in the July-September quarter a year ago, according to a regulatory filing. Its total income was 23 per cent higher at Rs 2,509.57 crore in the second quarter of this fiscal in comparison with Rs 2,040.87 crore in the year-ago period. This was led by a "strong performance in digital and healthy viewership gains in linear," an earnings statement from ZEEL said. However, "YoY margins lower due to increase in content cost and investment in ZEE5," it said. ZEEL's total expenses in the September quarter rose 23.02 per cent to Rs 2,205.67 crore. Its revenue from advertisement fell 3.3 per cent to Rs 979.17 crore in the July-Septemer quarter of FY24. "Some early pick up in Ad spending was witnessed led by FMCG during Q2, the overall pace of Ad environment recovery continues to

NCLAT adjourns hearing on IDBI's insolvency plea against Zee to Dec 6

The National Company Law Appellate Tribunal (NCLAT) on Wednesday adjourned its hearing to December 6 over the plea of IDBI Bank seeking to initiate insolvency proceedings against Zee Entertainment. A three-member NCLAT bench deferred the hearing after the counsel appearing in the matter sought an adjournment to complete the pleadings. IDBI Bank in its plea has challenged the order of the Mumbai bench of the National Company Law Tribunal (NCLT), which, on May 19, 2023, had set aside the insolvency plea against the media major, observing that it was barred under Section 10A of the Insolvency & Bankruptcy Code (IBC). In its order, the NCLT bench had said that ZEEL, which was the corporate guarantor for the loan availed by Siti Networks -- the principal borrower of IDBI Bank -- has committed a default. However, the default was committed during the timeline specified under section 10A of the IBC. Section 10A mandates no application for initiation of a corporate insolvency resolution ..