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

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Bramasol

NOVEMBER 6, 2022

This new episode in our ongoing series on the Digital Solutions Economy (DSE) provides an overview of how DSE is impacting the Media and Entertainment industry. In many ways, the media and entertainment industry pioneered the rise of online subscription-based offerings as streaming video burst on the scene in the early 2000s.

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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.

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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.

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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.

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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 (..)

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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.

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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.

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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.

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PYMNTS

JANUARY 25, 2021

“It is the juxtaposition of social networking and entertainment and sports all combined,” said Glen Calvert , chief operating officer of Fnatic , a London-based eSports outfit that hires professional gamers, runs tournaments and sells branded gaming apparel and gear. It's not just a video game.

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Driven Insights

AUGUST 3, 2023

There are so many reasons why anyone would want to consider a finance and accounting career. This article addresses the most compelling motivations below, but first, we thought it was important to clearly define what an accountant is and describe exactly what they do.

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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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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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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 a press release , Square said Ahuja will join the company in January, reporting to Dorsey.

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PYMNTS

JANUARY 8, 2020

That’s the thought one gets when reading news via Bloomberg , which reported “when shoppers visit the long-awaited American Dream mega-mall in New Jersey this spring, they can expect to see it crammed with stores, restaurants and entertainment activities.”. Vacancy Rates.

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PYMNTS

AUGUST 13, 2020

The already-sizable online entertainment sector is growing quickly as consumers who are staying at home during the pandemic turn to eMagazines, digital movie rentals and streaming services to stay engaged. Klaris recently spoke to PYMNTS about the processes involved in providing AP services to media and entertainment companies.

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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

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PYMNTS

OCTOBER 30, 2018

In the entertainment industry, there are certainly commonalities with businesses of other sectors. For example, Mike Leiba, COO of GreenSlate , said the continued reliance on paper checks challenges both the accounts payable (AP) and payroll functions of entertainment industry employers. ”

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PYMNTS

AUGUST 23, 2019

In an all-cash deal, Hasbro will purchase Entertainment One for 3.27 Hasbro Chief Executive Officer Brian Goldner said, according to the report, “Hasbro will leverage eOne’s immersive entertainment capabilities to bring our portfolio of brands that have appeal to gamers, fans and families to all screens globally.”

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Mckinsey and Company

SEPTEMBER 21, 2022

News, entertainment, and even charity campaigns tend to promote a stereotypical image of Africa that ignores its nuance and history. Dipo Faloyin is correcting this narrative.

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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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Mckinsey and Company

JUNE 29, 2022

The veteran film and TV producer shares her perspective on what the technology shifts roiling the entertainment business mean for both artists and audiences.

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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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PYMNTS

MARCH 23, 2017

But the largest moves in recent weeks signal that the push to reach entertainment media dominance in China is gaining momentum, especially when it comes to the production of original film, television and streaming content. The Damai acquisition is just the latest in a string of entertainment industry investments. billion back in 2015.

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PYMNTS

MARCH 22, 2017

“Ali announces its acquisition of Damai, part of our big entertainment strategy,” the firm said on its Sina Weibo platform. Damai’s ticketing platform will reportedly form a strategic part of the value chain in Alibaba’s push to grow its media and entertainment business. billion) for new projects in media and entertainment.

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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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Mckinsey and Company

AUGUST 23, 2022

Square Enix CEO Yosuke Matsuda shares his expansive vision for the Japanese entertainment and video game company, one that includes solving societal problems and greater user empowerment. An edited version of the conversation from our ‘Value creation in the metaverse’ report follows.

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PYMNTS

MARCH 25, 2020

Those companies, like Blackstone , Carlyle and KKR , are in possession of more than $1 trillion in cash and could be ready to start using it as the coronavirus delivers death blows to companies in industries like travel, entertainment and energy.

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PYMNTS

JANUARY 17, 2019

Big entertainment brands are growing their subscription offerings in hopes of creating engaging relationships with their customers. According to some observers, Netflix can raise its price as long as it provides the kinds of entertainment that viewers value.

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PYMNTS

DECEMBER 6, 2016

But is this “entertaining bot” just entertaining an interest? “This bot also makes it simple to buy ingredients right in the chat, which is an especially helpful feature during this always busy time of year.”. Amazon recently launched three AI-related endeavors: Lex, Rekognition and Polly.

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PYMNTS

AUGUST 23, 2018

And now some developers, retailers and entertainment producers believe that immersive destinations could potentially fill millions of square feet of empty retail space. In addition, co-working sites are predicted to grow at retail properties at a rate of 25 percent through 2023, and are expected to account for around 3.4

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PYMNTS

JUNE 28, 2019

Allied Esports describes itself as “a premier esports entertainment company with a global network of dedicated esports properties and content production facilities.” And as this new Simon investment suggests, entertainment could also play a part in helping mall operators survive or perhaps even find growth.

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PYMNTS

JANUARY 11, 2021

Family Video , America’s last major video rental store chain, plans to shutter all of its brick-and-mortar stores. In logistics, Amazon and Walmart are throwing everything from drones to driverless trucks into the battle for the shopper’s whole paycheck.

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CFO News

SEPTEMBER 5, 2023

The lender has challenged NCLT order on August 10 granting approval to the composite scheme between ZEEL, Culver Max Entertainment (Sony), and Bangla Entertainment, a subsidiary of Sony, which would create a $10-billion media giant.

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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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PYMNTS

APRIL 17, 2017

Enhancing the entertainment experience for consumers has been a hot topic over the past few years, and companies are starting to take notice. One company that’s helping lead the charge for providing the ultimate entertainment experience is startup tech company, Sobro Design. Its first product is Sobro , a smart coffee table.

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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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