Punit Goenka steps down as MD. Will continue to be the CEO.

Zee never surprises you and is always very creative in decision making – especially related to it’s founder management. Founder family continuing to control the operations despite owning just 3.99% of the Company has been a significant point of concern for the investors. Punit Goenka, the MD and CEO, 10 days before the shareholders’ meeting … Read more

Airtel is shutting Wynk. Will transition users to Apple.

As part of the strategic partnership with Apple, Airtel has announced shutting it’s music service Wynk. The Wynk users will transition to Apple Music with preferential offers and pricing. Wynk is estimated to have more than 100 mn users This number is based on app downloads and hence may be grossly over stated. Paid users … Read more

Paramount in Talks to Sell India TV Stake to Ambani’s Reliance

Paramount Global is in discussions to sell its stake in its media joint venture in India to Mukesh Ambani’s Reliance Industries Ltd., according to people familiar with the matter, as Asia’s richest man continues to consolidate his clout in one of the world’s fastest-growing entertainment markets. The New York-based media company has been in advanced … Read more

Reliance, Disney announce mega merger of India media operations

After months of speculation, the mega merger has been officially announced. Key points to note – Reliance Industries (RIL), Viacom 18 Media Private Ltd, and The Walt Disney Company (Disney) have signed binding definitive agreements to form a joint venture (JV) which will combine the businesses of Viacom18 and Star India. Viacom 18 is majorly … Read more

Zee founders may have diverted significant funds

Problems seem to be getting further compounded at the Zee group. A month back only, it’s long awaited mega merger with the Sony group was called off (after 2 years of negotiations). During this period, there were many actions taken by the regulators; especially related to the corporate governance. These actions in fact are speculated … Read more