Zee board OKs Rs 2,000 crore raise via share sale
India Business News: MUMBAI: Zee Entertainment Enterprises has secured the board's nod to raise Rs 2,000 crore through a share sale.
Source: indiatimes.com
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Kyoorius Creative Awards 2024: 89 Blue Elephants awarded, 7 entries awarded Purple Elephants
No entry was conferred the Black Elephant award that recognises work deemed to be the Best Of Show
Source: bestmediainfo.com
TV broadcasters hope ad revenues to bounce back in FY25, expect flat or degrowth in FY24
FY24 was challenging for TV broadcasters with declining ad revenue, attributed to factors like free cricket streaming by JioCinema and Disney+ Hotstar, and increased ad spending by FMCG brands.
Source: indiatimes.com
FMCG Ad Spends: Push for premium prompts growth in FMCG ad spends
FMCG advertisement spending: Show mild recovery in 2024 as brands focus on premium products for visibility.
Source: thehindubusinessline.com
Zee demands $90 million in termination fee from Sony for calling off merger
On 22 January, Sony Group Corp., the Japanese parent of Sony Pictures Networks India (SPNI) and Bangla Entertainment Pvt. Ltd (BEPL), had announced the termination of the $10-billion merger agreement with ZEEL, while seeking $90 million for breach of conditions besides initiating arbitration.
Source: livemint.com