Zee Entertainment shares up 7% as Punit Goenka resigns as MD
Goenka has been appointed as CEO to focus entirely on operational responsibilities; Mukund Galgali, CFO, will be deputy CEO.
media and entertainment
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Invesco sells entire stake in ZEEL for ₹1,004 cr; stock rises 2%
Invesco offloaded 5.11% stake in ZEEL at an average price of ₹204.50 apiece, which was acquired by Goldman Sachs Singapore, Morgan Stanley Asia Singapore, and Segantii India Mauritius.
Start-up funding dips to $6 billion in Q2CY22 from $7.2 bn in Q1
Big investments bagged by makers of short video apps Josh and Moj helped sectoral funding, driving a considerable proportion of the investments during the quarter.
Merger effect: PVR, INOX shares surge up to 20%; what lies ahead?
Shares of PVR and INOX Leisure rallied up to 20% on Monday, hitting their respective 52-week highs, following a merger announcement.
India’s M&E sector fell 24% in 2020: Report
According to a report by FICCI and EY, the fall in the Indian media and entertainment sector comes on the back of diminishing revenues from films, TV, and print segments.
The Covid-19 impact on the M&E space
Broadcasters, movie exhibitors, and print media will be most impacted, says a report by research agency Ind-Ra.
Eros-STX merger: Bollywood meets Hollywood
In a cluttered media and entertainment landscape, an Indian company and an American one have joined hands to create content for the world.
Digital media to overtake print by 2021: FICCI-EY
Television and print remained the top two media segments. Digital media overtook filmed entertainment to become the third-largest segment.
Network18 to emerge as RIL’s media conglomerate
By folding diverse media and distribution businesses into Network18, RIL is building a media company of scale.
Airtel wants to lead the shift to hybrid TV with Xstream
The set-top box, which provides both linear and OTT content, will act as a gateway to a smart home tomorrow as the company launches more services, says Sunil Taldar, CEO of Airtel’s DTH business.
