CFO News

NOVEMBER 29, 2023

Zee Entertainment has refuted a news report claiming that the Sony-Zee merger risks collapsing due to an eleventh-hour CEO drama. Zee stated that the report is "factually incorrect" and reiterated its commitment to working towards the successful closure of the proposed merger as per the approved Composite Scheme of Arrangement.

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CFO News

AUGUST 31, 2023

The National Company Law Appellate Tribunal (NCLAT) has issued a notice to Zee Entertainment Enterprises Ltd (ZEEL) following a petition from IDBI Bank. The bank has challenged an NCLT order rejecting a plea to initiate insolvency proceedings against ZEEL.

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CFO News

MAY 18, 2023

The National Company Law Tribunal on Friday dismissed IDBI Bank's insolvency plea against Subhash Chandra promoted Zee Entertainment Enterprises Ltd (ZEEL). ZEEL is in the process of a merger with Sony Pictures Network India (SPN). On December 22, 2021, ZEE and SPN signed a definitive agreement to merge the two companies.

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PYMNTS

JANUARY 25, 2021

“It is the juxtaposition of social networking and entertainment and sports all combined,” said Glen Calvert , chief operating officer of Fnatic , a London-based eSports outfit that hires professional gamers, runs tournaments and sells branded gaming apparel and gear. It's not just a video game.

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CFO News

JULY 3, 2023

Zee Entertainment and IndusInd Bank on Monday announced that all the due payments have been settled between the two entities, as per media reports. Therefore, ​the National Company Law Appellate Tribunal (NCLAT) has disposed of the appeal.

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CFO News

FEBRUARY 23, 2023

The national company law tribunal had earlier admitted Zee Entertainment under insolvency proceedings after a petition was filed by IndusInd Bank over a default of Rs 83 crore by Siti Networks, a sister company owned by Essel Group. ​​​​​​​​​​​Analysts raised concerns about possible delays due to the insolvency proceeding on the Zee-Sony merger that (..)

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CFO News

MARCH 6, 2023

The Mumbai bench of the National Company Law Tribunal (NCLT), in two separate applications filed by the IndusInd Bank, has appointed Sanjeev Kumar Jalan and Mohit Mehra as resolution professionals for Zee Entertainment and Siti Network respectively. Jalan is a partner at BDO India in its restructuring practice.

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CFO News

FEBRUARY 22, 2023

The Mumbai bench of the National Company Law Tribunal (NCLT), in two separate applications filed by the IndusInd Bank, has appointed Sanjeev Kumar Jalan and Mohit Mehra as resolution professionals for Zee Entertainment and Siti Network respectively. Jalan is a partner at BDO India in its restructuring practice.

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CFO News

AUGUST 2, 2023

The National Company Law Appellate Tribunal (NCLAT) on Wednesday deferred the hearing of IDBI bank's plea against Zee Entertainment till August 17. The private lender has challenged an NCLT order, which had on May 19 rejected its plea to initiate insolvency proceedings against the media major.

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CFO News

DECEMBER 17, 2023

Zee had inked a deal to merge with Sony's India Culver Max Entertainment in December 2021. The cut-off date for concluding the merger is December 21. While the merger has received all the requisite approvals, differences have cropped up between the two over the CEO position.

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CFO News

MARCH 16, 2023

Zee Entertainment Enterprises Ltd. has agreed to repay dues owed to IndusInd Bank Ltd. as it seeks to resolve insolvency proceedings initiated against it. The settling of dues of about Rs 837 million ($10 million) to the lender could happen as early as Friday.

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CFO Dive

NOVEMBER 6, 2023

The entertainment firm may be looking to lean on Hugh Johnston’s financial chops as it fends off challenges from activist investors and looks to bolster drooping streaming results.

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PYMNTS

JANUARY 4, 2019

Square , Jack Dorsey’s digital payments company, announced Thursday (January 3) that it named Blizzard Entertainment chief financial officer Amrita Ahuja as its new CFO. In a press release , Square said Ahuja will join the company in January, reporting to Dorsey.

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PYMNTS

JANUARY 8, 2020

That’s the thought one gets when reading news via Bloomberg , which reported “when shoppers visit the long-awaited American Dream mega-mall in New Jersey this spring, they can expect to see it crammed with stores, restaurants and entertainment activities.”. Vacancy Rates.

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PYMNTS

AUGUST 13, 2020

The already-sizable online entertainment sector is growing quickly as consumers who are staying at home during the pandemic turn to eMagazines, digital movie rentals and streaming services to stay engaged. Klaris recently spoke to PYMNTS about the processes involved in providing AP services to media and entertainment companies.

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PYMNTS

OCTOBER 30, 2018

In the entertainment industry, there are certainly commonalities with businesses of other sectors. For example, Mike Leiba, COO of GreenSlate , said the continued reliance on paper checks challenges both the accounts payable (AP) and payroll functions of entertainment industry employers. ”

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CFO Dive

JUNE 23, 2023

Hunter Paletsas will take the organization’s financial reins as the media and entertainment industry deals with major challenges including inflation, the ongoing writers strike and the impact of generative AI.

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PYMNTS

AUGUST 23, 2019

In an all-cash deal, Hasbro will purchase Entertainment One for 3.27 Hasbro Chief Executive Officer Brian Goldner said, according to the report, “Hasbro will leverage eOne’s immersive entertainment capabilities to bring our portfolio of brands that have appeal to gamers, fans and families to all screens globally.”

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Driven Insights

AUGUST 3, 2023

There are so many reasons why anyone would want to consider a finance and accounting career. This article addresses the most compelling motivations below, but first, we thought it was important to clearly define what an accountant is and describe exactly what they do.

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CFO Dive

MAY 11, 2023

Disney’s restructured content strategy comes as the company faces legal battles, a changing entertainment environment and the impact of AI.

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PYMNTS

MARCH 23, 2017

But the largest moves in recent weeks signal that the push to reach entertainment media dominance in China is gaining momentum, especially when it comes to the production of original film, television and streaming content. The Damai acquisition is just the latest in a string of entertainment industry investments. billion back in 2015.

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PYMNTS

MARCH 22, 2017

“Ali announces its acquisition of Damai, part of our big entertainment strategy,” the firm said on its Sina Weibo platform. Damai’s ticketing platform will reportedly form a strategic part of the value chain in Alibaba’s push to grow its media and entertainment business. billion) for new projects in media and entertainment.

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CFO Dive

NOVEMBER 10, 2022

Deborah Thomas will retire as CFO for the global toy and entertainment company following a 24-year tenure at the firm.

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CFO News

JULY 16, 2024

Earlier in a filing, the company said the FCCBs would be issued to Resonance Opportunities Fund, St. John's Wood Fund Ltd. and Ebisu Global Opportunities, on terms and conditions mutually decided between the company and the 'proposed' investors.

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CFO News Room

DECEMBER 28, 2022

Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted stocks. AMC Entertainment – AMC Entertainment shares dipped about 3% a day after CEO Adam Aron tweeted that he asked the company’s board to freeze his 2023 pay and urged other executives to forgo salary bumps.

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PYMNTS

MARCH 25, 2020

Those companies, like Blackstone , Carlyle and KKR , are in possession of more than $1 trillion in cash and could be ready to start using it as the coronavirus delivers death blows to companies in industries like travel, entertainment and energy.

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PYMNTS

JANUARY 17, 2019

Big entertainment brands are growing their subscription offerings in hopes of creating engaging relationships with their customers. According to some observers, Netflix can raise its price as long as it provides the kinds of entertainment that viewers value.

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CFO News

AUGUST 14, 2023

Until the investigation is complete, Subhash Chandra and Punit Goenka will not hold any directorial positions in any of the Essel Group companies, the regulator says. Sebi bars Punit Goenka to hold CEO position in Zee-Sony merged entity

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PYMNTS

DECEMBER 6, 2016

But is this “entertaining bot” just entertaining an interest? “This bot also makes it simple to buy ingredients right in the chat, which is an especially helpful feature during this always busy time of year.”. Amazon recently launched three AI-related endeavors: Lex, Rekognition and Polly.

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PYMNTS

AUGUST 23, 2018

And now some developers, retailers and entertainment producers believe that immersive destinations could potentially fill millions of square feet of empty retail space. In addition, co-working sites are predicted to grow at retail properties at a rate of 25 percent through 2023, and are expected to account for around 3.4

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CFO News Room

JANUARY 2, 2023

AMC Entertainment (AMC) – AMC Entertainment rose 1.2% Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla gained 1.6% in the premarket in a volatile session, following a seven-day losing streak and declines in ten of the past eleven sessions. He also urged other top AMC executives to do the same.

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PYMNTS

JUNE 28, 2019

Allied Esports describes itself as “a premier esports entertainment company with a global network of dedicated esports properties and content production facilities.” And as this new Simon investment suggests, entertainment could also play a part in helping mall operators survive or perhaps even find growth.

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PYMNTS

APRIL 17, 2017

Enhancing the entertainment experience for consumers has been a hot topic over the past few years, and companies are starting to take notice. One company that’s helping lead the charge for providing the ultimate entertainment experience is startup tech company, Sobro Design. Its first product is Sobro , a smart coffee table.

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Entertainment Startups Retail Manufacturing 40

PYMNTS

JANUARY 11, 2021

Family Video , America’s last major video rental store chain, plans to shutter all of its brick-and-mortar stores. In logistics, Amazon and Walmart are throwing everything from drones to driverless trucks into the battle for the shopper’s whole paycheck.

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PYMNTS

MAY 7, 2020

The spread of the coronavirus has led to a halt of Major League Baseball, the National Hockey League and the National Basketball Association, and raised questions about whether the 2020 National Football League season will take place this fall.

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CFO News Room

DECEMBER 14, 2022

Caesars Entertainment , Penn Entertainment — Shares of Caesars fell 3%, and Penn lost 2.5% Delta Air Lines — Shares of the airline rose 2.4% after the company said the travel boom isn’t done and that it expects 2023 earnings to nearly double as a result. Delta forecast a revenue jump of between 15% and 20% in 2023.

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Global Finance

OCTOBER 30, 2024

QIA is a minority investor in Monumental Sports and Entertainment (MSE), one of the largest sports and entertainment companies in the US. QIA led a $200m funding round into EatJust, which produces sustainable egg and meat alternatives.

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