The bail pleas of two Zee News channel editors, arrested for allegedly trying to extort Rs 100 crore from a Congress MP Naveen Jindal's group firm for not telecasting reports linking it to coal block allocation scam, were dismissed on Monday by a Delhi court.
Zee Group's direct-to-home arm Dish TV said on Monday its promoters would infuse up to Rs 750 crore (Rs 7.5 billion) into the company by subscribing to preference shares.
Two senior journalists of Zee news channel were arrested in New Delhi on Tuesday on charges of trying to extort Rs 100 crore from Congress MP Naveen Jindal's group for not doing news reports on coal scam linking his firm.
Competition Commission of India on Wednesday said it has approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country's largest media empire. The deal, announced six months ago, has been cleared by the CCI with certain modifications proposed by the two parties.
Zee Network, India's leading media and entertainment group, will invest $50 million for setting up its headquarters in the Middle East, company chairman Subhash Chandra said.
Zee Group is India's second-largest media and entertainment firm.
The company will make public the outcome of its Board meeting on telecast rights only after it files an affidavit in court.
The Essel group founder, Subhash Chandra has settled 91.2 per cent of his debt with 43 lenders, and the remaining dues are in the process of being paid. "I am happy to report that we have come out of the financial stress situation by settling 91.2% of our total debt to 43 lenders in 110 accounts. "About 88.3% of the amount has been paid, while the remaining 2.9% is in the process of being paid. "We are making all the required efforts to settle the remaining 8.8% of our total debt.
Paramount Global has agreed to sell its 13 per cent stake in its Indian TV business to Reliance Industries for Rs 4,286 crore, the Indian firm said on Thursday. In a stock exchange filing, Reliance said it has signed a binding agreement with two subsidiaries of Paramount Global to acquire 13.01 per cent equity stake of Viacom 18 Media Private Limited held by Paramount Global. Similarly, in a filing on the US Securities and Exchange Commission (SEC), Paramount Global said the closing of the transaction is subject to the satisfaction of certain customary conditions, including receipt of applicable regulatory approvals, as well as the completion of a previously announced joint venture involving Reliance, Viacom18 and Star Disney.
Demerging print and TV news businesses will allow for separate investment by interested players.
With regard to the launch of the sports channel, Zee Telefilms is talking to the Turner group and Ten Sports.
The Foreign Investment Promotion Board is believed to have cleared Zee Telefilms' plan of raising $100 million as foreign currency convertible bonds subject to the condition that the company brings down total foreign shareholding to 26 per cent
Madhabi Puri Buch, the first female chairperson of Sebi, doesn't plan to rest on her laurels in her third and final year in office and has set out an ambitious goal, such as moving towards a same-day and instantaneous settlement cycle for the secondary market.
Zee Group Chairman Subhash Chandra's plea for undergoing lie detector test on the advice of his doctors and in the presence of his lawyer was allowed by a Delhi court in a case of alleged Rs 100 crore extortion bid from Congress MP Navin Jindal's firm.
It is likely he will rope in an international ATM manufacturer as a strategic partner with equity stake.
While about 8,000 people are in the long list of invitees, the select list features just a few hundred people, including prominent politicians, leading industrialists, top film stars, sportspersons, bureaucrats and diplomats.
'Why are FMPs used as a vehicle for promoter funding against listed shares?' asks Debashis Basu.
Zee News on Tuesday demanded the immediate release of its two senior journalists arrested in an extortion case filed by Congress MP Naveen Jindal, alleging that the police action was "illegal" and "designed for something else".
Mukesh Ambani-owned Reliance Industries (RIL) is in discussions to acquire a 29.8 per cent stake in Tata Play from the Walt Disney Company, according to sources close to the development. This move is seen as part of RIL's broader strategy to deepen its footprint in India's television distribution sector. Tata Sons, the holding company of the Tata group, currently holds a 50.2 per cent stake in the satellite television broadcaster.
'My legal battle is no longer about Mr India. It is about directors's rights over their films.'
It has been known for long that The Times Group (Bennett, Coleman and Company) is the largest. While the News Corporation-owned Star Group briefly lay claim to number two spot, it is now clear that Subhash Chandra's Zee is way ahead of its former partner and now arch rival. At Rs 3,732 crore, the Zee Group is India's second-largest media firm.
The explosion in online video consumption is pushing TV and film companies to fine-tune their internet strategies.
The last edition of the 14-year-old morninger, which had already stopped from Delhi and other centres earlier, will come out on Thursday from Mumbai and Ahmedabad, the broadsheet owned by Zee group's Subhash Chandra's Essel group said.
Both sports and digital will drag down the healthy operating margins that entertainment television continues to make.
'In the audience's mind there is no urgency to go see a film in the theatre.' 'If you pay for social media buzz it does not convert into bums on seats.'
Holidays turn into horror, Bhansali brand of razzmatazz and tons more on OTT this week.
Tata Sky gets Zee bouquet, not to charge extra.
Assume Voot, JioCinema and Disney+ Hotstar are merged into one entertainment app, and you have a streaming service with more than 233 million unique visitors. That is a reach just under half of India's largest streaming app: YouTube. 'This level of consolidation does not exist even in the US.'
Zee Sports will also present live and exclusive coverage of the Federation Cup and India's away ties.
If sources are to be believed, Zee group's Indian Cricket League (ICL) will rope Aamir in to promote their league. Apparently, the company has decided that it is important to have a brand name like Aamir associated with the month-long Twenty-20 league matches, which started on March 9.
Amazon Prime Video has announced a huge number of assorted Web series and movies, and the slate sure looks interesting.
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