ZEE | Pixr8 News

11Sep By PriyankaNo Comments

BUSINESS

Essel Group sell Stake of ‘ZEEL’

Subhash Chandra-led Essel Group completes its online streaming platform ZEEL stake sale, which is 8.7 percent, to Invesco Oppenheimer Developing Markets Fund. Besides, Essel group is also working actively on further divestments including its non-media assets, Essel group said in a regulatory filing. Earlier on July 31 this year, Essel Group had announced to sell 11 percent promoter stake in Zee Entertainment Enterprises Ltd (ZEEL) to Invesco Oppenheimer for Rs 4,224 crore. "The group wishes to confirm that the 1st tranche of the transaction comprising the sale of 8.7 percent stake in ZEEL has been successfully concluded today," it said. The company further said, "The group is confident of completing the balance sale of 2.3 percent stake over the next few days."Essel group, whic...

ZEE5 Brings on Board Former Twitter India Head Taranjeet Singh

16Oct By Gauri SinghNo Comments

News

ZEE5 Brings on Board Former Twitter India Head Taranjeet Singh

Entertainment company Zee Entertainment EnteEntertainment company Zee Entertainment Enterprises (ZEE) has taken on board former Twitter India country manager Taranjeet Singh. The company has appointed him as the chief revenue officer for its video-on-demand service ZEE5.rprises (ZEE) has taken on board former Twitter India country manager Taranjeet Singh. The company has appointed him as the chief revenue officer for its video-on-demand service ZEE5. Singh had put in his papers at the micro-blogging social network last month. At ZEE5, apart from looking after the revenues, the new chief revenue officer will also head new projects. Singh will be responsible to report in to Tarun Katial who is the CEO of ZEE5 India. “Taranjeet’s extensive experience in the media sector across print,...

ZEE5 Video Streaming Platform Expands to 190 Countries

4Oct By Gauri SinghNo Comments

BUSINESS

ZEE5 Video Streaming Platform Expands to 190 Countries

India’s popular online video streaming platform ZEE5 that is owned by Subhash Chandra-promoted Zee Entertainment Enterprises (ZEE) has expanded its services to 190 countries all across the globe. With this, the company has become the first Indian entertainment company to take its over-the-top (OTT) video service. As of now, only Netflix and Amazon Prime Video were the only platforms that were global but now Indian platforms are also gearing up for global presence. The launch coincided with ZEE completing 26 years of operations on October 2. “Since the time we launched ZEE5 in India earlier this year, our global viewers, as well as platform partners, have been asking us when we are going to launch globally. As our channels already reach across 72 countries outside India, we knew that a ...

After Reliance Jio, ZEE is Partnering with Bharti Airtel

20Aug By Gauri SinghNo Comments

BUSINESS

After Reliance Jio, ZEE is Partnering with Bharti Airtel

Soon after a disagreement and discontinuing the partnership with Reliance Jio, one of the largest Indian media platform Zee Entertainment Enterprises (ZEE) has entered into a 3-year multi-layered association with the largest telecom player Bharti Airtel. Following this partnership, Zee and Airtel will work together closely and create exclusive video content for Airtel’s video-on-demand app Airtel TV as well as for ZEE’s over-the-top (OTT) app ZEE5. Along with this, around 50 million Airtel TV app users will get access to ZEE5 content constituting ZEE5 Originals, movies, TV shows, plays and more as the subscription cost will be patched under Airtel TV’s plan. “It’s a larger partnership and a win-win for both of us. Airtel brings a huge consumer base, which today, potentially, is not ...

Sony Pictures Acquired TEN Sports From ZEE For $385 million

1Sep By AnkitaNo Comments

ACQUISITION

Sony Pictures Acquired TEN Sports From ZEE For $385 million

Sony Pictures Networks India (SPN) today announced that SPN and its affiliates have entered into definitive agreements to acquire TEN Sports Network from Zee Entertainment Enterprises Limited (ZEE) and its subsidiaries for 385 million U.S. dollars. Completion of the acquisition is subject to regulatory approval. The acquisition will add South Asia's leading sports network to SPN's existing portfolio of channels. The TEN Sports channels being acquired include TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD, TEN Cricket, TEN Sports that operate in several countries including the Indian sub-continent, Maldives, Singapore, Hong Kong, Middle East, Caribbean. "This is a landmark deal for ZEE and a step towards a strategic portfolio shuffle as we grow our general entertainment business both in...

29Feb By RishabhNo Comments

ACQUISITION

ZEE Media Acquired Bagittoday.com

ZEE Media Corp. Ltd is about to acquire 80% stakes in two India Today companies- Today Merchandise Pvt Ltd (TMPL) and Today Retail Network Pvt Ltd (TRNL), as per the latest report. These two companies run together an online portal called Bagittoday.com and a television shopping channel which is yet to launch. (more…)