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.
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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.
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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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.
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.
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
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.
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.
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.
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.
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.
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 (..)
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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. ”
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.”
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.
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.
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.
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.
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
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.
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.
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.
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
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.
Musings on Markets
SEPTEMBER 11, 2023
The recent troubles in entertainment, though, reflect a longer term disruption that has occurred in the business, with the rise of streaming as an alternative to the traditional platforms for movies and television shows.
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.
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.
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.
PYMNTS
MAY 7, 2020
The spread of the coronavirus has led to a halt of Major League Baseball, the National Hockey League and the National Basketball Association, and raised questions about whether the 2020 National Football League season will take place this fall.
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.
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.
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 (..)
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.
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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