Disney Entertainment CFO heads to Warner Music
CFO Dive
SEPTEMBER 20, 2023
Bryan Castellani’s exit from Disney follows significant turmoil at the company, including a massive layoff and senior leadership changes.
Hasbro CFO to depart
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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Long-time PepsiCo CFO moves to top finance seat at Disney
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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World Wrestling Entertainment, Bed Bath & Beyond, Tesla, Costco
CFO News Room
JANUARY 8, 2023
World Wrestling Entertainment — Shares advanced 9.7% Chief Brand Officer and TV Personality of WWE, Stephanie McMahon delivers her keynote address at the opening of Sports Matters in conjunction with All That Matters 2016 in Singapore on September 14, 2016. Roslan Rahman | AFP | Getty Images.
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AMC Entertainment, Tesla, Micron, Under Armour and more
CFO News Room
DECEMBER 22, 2022
AMC Entertainment — Shares plummeted 14.8% Pedestrians pass in front of an AMC theater in New York. Scott Mlyn | CNBC. Check out the companies making headlines in midday trading. after the company proposed a reverse stock split and announced a new $110 million capital raise in an attempt to minimize its debt load.
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Cosmopolitan CFO jumps to SeaWorld financial helm
CFO Dive
JUNE 21, 2022
Adams, formerly CFO of The Cosmopolitan of Las Vegas, will take the financial helm for theme park and entertainment firm SeaWorld. Michelle F.
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Disney to cut back streaming content as subscriber count slumps, CFO says
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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Square Names Blizzard Entertainment Executive As Next CFO
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 October Square saw its stock take a hit after Dorsey revealed in a Tweet that Sarah Friar , the then-CFO, was leaving the company.
AT&T, AMC Entertainment, UPS and more
CFO News Room
FEBRUARY 2, 2022
AMC Entertainment (AMC) – The movie theater operator’s stock rallied 4.7% AT&T also said it would pay an annual dividend of $1.11 per share after the deal is complete, compared to the current $2.08. AT&T fell 3.5% in the premarket. in the premarket after announcing better than expected preliminary results for the fourth quarter.
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Zee Entertainment, IndusInd Bank settle dispute over dues
CFO News
MARCH 29, 2023
Zee Entertainment Enterprises Ltd and IndusInd Bank Ltd told the NCLAT on Wednesday that the two companies have settled a dispute over dues of the media company. crore against the media and entertainment firm promoted by Subhash Chandra. IndusInd Bank, in its plea, had claimed a default of Rs 83.08
974: Crafting Strategy in a Data-Driven World | Eric Jenny, CFO, SOCi
CFO Thought Leader
FEBRUARY 13, 2024
Still, the entertainment value of his tale of zapping wasp nests with a homemade rubber band gun for a dollar a pop was at risk of eclipsing the more traditional milestones that populate a career path otherwise defined by strategic decision-making and an innate ability to identify and capitalize on opportunities.
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Report on Zee Sony merger risks collapse incorrect, clarifies Zee Entertainment
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.
How to Earn Big as a CFO?
The Finance Weekly
JANUARY 22, 2024
Joe Berchtold, the President and CFO of Live Nation Entertainment, earned an impressive $52.4 million in 2023, making him the ,, highest-paid CFO in the United States. Aspiring individuals may wonder how they can achieve similar heights and earn big as a CFO. Prepare quarterly and annual tax filings.
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NCLAT issues notice to Zee Entertainment over IDBI Bank's plea
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.
NCLT dismisses IDBI Bank's insolvency plea against Zee Entertainment
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.
Zee Entertainment, IndusInd settle payments issue, NCLAT disposes of appeal
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.
Zee Entertainment sends letter to Sony Group Corporation, requesting an extension of cutoff to complete merger
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.
Relief for Zee Entertainment as NCLAT stays insolvency proceedings
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 (..)
Bankruptcy court admits Zee Entertainment under the insolvency resolution process
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.
Bankruptcy court admits Zee Entertainment under the insolvency resolution process
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.
NCLAT defers hearing on IDBI Bank's plea against Zee Entertainment to Aug 17
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.
905: The Future CFO Among Us | Sruthi Lanka, CFO, Public.com
CFO Thought Leader
JUNE 6, 2023
Sruthi Lanka is clearly not the only CFO who began her professional career at blue chip investment house Goldman Sachs. However, she may be one of the only CFOs—if not the only one—who can trace her career roots to Goldman’s technology engineering team.
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Zee Entertainment likely to repay IndusInd $10 million to wrap Sony deal
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.
2022 CFO Exits and Entries
The Finance Weekly
JANUARY 2, 2023
A recent , study conducted by Datarails, a financial planning, and analysis company, reveals the pay of CFOs across 12 sectors but finds that the CFO has the worst job security of the major C-Suite Positions. The analysis points to a raft of pain points that are seeing hundreds of CFOs either leave, fired, or retiring early.
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939: Creating a Narrative for Growth | Ralph Leung, CFO, Achieve
CFO Thought Leader
OCTOBER 3, 2023
It was time to go back home,” recalls Leung, who would relocate to San Francisco’s Bay Area after accepting a finance leadership role for an online video and entertainment company. ” –Ralph Leung, CFO, Achieve CFOTL: Tell us about Achieve … what does this company do, and what are its offerings today?
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886: When SaaS Became the Destination | Alka Tandan, CFO, Gainsight
CFO Thought Leader
APRIL 2, 2023
One key takeaway from Gainsight CFO Alka Tandan’s career journey is the importance of being open to new opportunities and pivoting when necessary. years that she spent with IGN Entertainment, an Internet media company that at the time was operating as a division of News Corp. “I billion in November 2020.
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CFO Pros on the Move: February
The Finance Weekly
MARCH 1, 2023
It has been said that change is the only constant, and in the corporate world, this is especially true when it comes to the , CFO position. CFO moves often spark internal and external rumors and can draw the attention of investors and short-sellers. Kennedy was previously the CFO at Canadian retailer Roots since 2020.
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CFO Leadership Council Highlights Our First 10 DEI Ascend Honorees
CFO Leadership
AUGUST 12, 2021
The CFO Leadership Council proudly highlights our very first ten Diversity, Equity, and Inclusion Ascend Honorees! The Ascend program is an opportunity for Senior Finance Executives from underrepresented groups to join The CFO Leadership Council. Fisher Senior VP & CFO American Hospital Association. Christina Y. Christina Y.
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Motion Picture Association taps new finance chief
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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Highest Paid CFOs in the World in 2024
The Finance Weekly
MARCH 25, 2024
Big companies used to hog all the CFO action, but now even small and medium-sized businesses are jumping on the bandwagon. Why the sudden CFO craze? In a nutshell, companies are starting to view CFOs as smart investments rather than just expenses. Highest Paid CFOs in the World in 2024 1. As the Director of Amyris Inc.,
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Three ways CFO Strategic Partners can improve your finances in 2022
CFO Strategic Partners
JANUARY 11, 2022
At CFO Strategic Partners, our experienced team of outsourced CFOs have the skills and resources needed to help your organization achieve its financial goals and reach its full potential. CFO Strategic Partners has helped a multitude of clients overcome turnover at the executive level.
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Tesla, Southwest, Apple, AMC and more
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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Sebi to complete investigation into Zee Entertainment case within 8 months
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
Tesla, AMC, Southwest and others
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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Delhi HC reserves order on Bloomberg plea challenging Saket court order directing take down of article against Zee
CFO News
MARCH 7, 2024
The article claimed that the Securities & Exchange Board of India (SEBI) had apparently "found a discrepancy of more than USD 240 million in the accounts of Zee Entertainment Enterprises Ltd" In response to a query, Aggarwal said no question of truth as a defence could arise as SEBI had not rendered any finding against ZEEL.
SoFi Technologies, Charter Communications, Delta and more
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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World Wrestling, Bed Bath, Costco
CFO News Room
JANUARY 7, 2023
World Wrestling Entertainment — The wrestling entertainment stock surged nearly 17% after WWE announced that founder Vince McMahon is returning to its board of directors and that the company is exploring strategic moves. February 28, 2020. Courtesy of Duane Tanouye via REUTERS.
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Carvana, MongoDB, TripAdvisor, Toll Brothers and more
CFO News Room
DECEMBER 7, 2022
Dave & Buster’s Entertainment — Dave and Buster’s stock shed more than 4% despite the company posting solid quarterly revenue on Tuesday. Toll Brothers posted home sales revenue that was better than Wall Street expectations, according to Refinitiv. versus the comparable period in 2021.
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New plot: Zee, Sony launch legal war
CFO News
JANUARY 24, 2024
Sony Group companies Culver Max Entertainment and Bangla Entertainment (BEPL) initiated arbitration proceedings against Zee Entertainment Enterprises before Singapore International Arbitration Centre (SIAC), while Zee, denying charges, approached National Company Law Tribunal (NCLT) in Mumbai, seeking directions that the merger scheme, previously approved (..)
Restrain ZEE from seeking relief from NCLT or other courts: Sony to SIAC
CFO News
JANUARY 31, 2024
Sony Group-owned Culver Max Entertainment and Bangla Entertainment have urged the Singapore International Appellate Tribunal (SIAC) to restrain Zee Entertainment Enterprises (ZEE) from seeking legal remedies from NCLT or any other court in India or elsewhere.
Netflix, Snap, Warner Bros. Discovery, AT&T, Novavax and more
CFO News Room
DECEMBER 15, 2022
Madison Square Garden Entertainment — Shares rose more than 2% after Morgan Stanley upgraded the stock to equal weight from underweight. The stock may also be under pressure from the Digiday report about Netflix returning some advertiser money.
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Disney, Meta Platforms, Lucid Motors, Roblox and more
CFO News Room
NOVEMBER 9, 2022
AMC Entertainment — Shares dropped 9.8% SeaWorld Entertainment — The stock fell 8% after the company reported weaker-than-expected earnings or $1.99 after the company reported another quarterly loss as operational costs increased. However, the company lost less per share than expected and beat the Wall Street forecast for revenue.
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Sony-Zee: How and why curtains fell on a mega media deal that was two years in making
CFO News
JANUARY 22, 2024
"Sony Pictures Networks India Private Ltd (SPNI) (now known as Culver Max Entertainment Ltd), a wholly owned subsidiary of Sony Group Corp (Sony), today issued a notice terminating the definitive agreements entered into by SPNI and Zee Entertainment Enterprises Ltd," the Japanese company said in a press release issued on Monday.
Sony stays mum on Zee's request for merger deadline extension
CFO News
JANUARY 19, 2024
Zee Entertainment has requested an extension for the deadline to complete the merger deal with Sony's subsidiary, Culver Max Entertainment. Sony has not responded to the extension request. The two-year agreement between Zee and Sony expired in December. Both companies need to inform regulators to terminate the merger deal legally.
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