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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Once India’s most profitable entertainment company, Zee’s a shadow of its former self and may be easy pickings for its one-time suitor Reliance.
On Monday, Bloomberg reported that Sony Group Corp. is likely to pull out of a proposed merger of its Indian operations with Zee Entertainment Enterprises. The report, though missing a confirmation from either Sony or Zee, was carried by other news agencies as well. And, yesterday, The Economic Times went on to offer readers the “inside story of what went wrong over two years” with the $10 billion merger.
That sent the Zee stock tumbling 8% as investors seemed clearly spooked by the news. The change in sentiment comes at a time when the company’s shares were on the …
Streaming platforms are cracking down on users sharing their accounts with others to improve subscriber numbers. But this is unlikely to lead to long-term growth.
In alleging that the SEBI chief can be bribed, Subhash Chandra has thrown caution to the wind. He has also shown that this is his last throw of the dice.
The chairman emeritus of the troubled media conglomerate is once again calling the shots—firing people and overturning business plans.
