article thumbnail

Disney to cut back streaming content as subscriber count slumps, CFO says

CFO Dive

Disney’s restructured content strategy comes as the company faces legal battles, a changing entertainment environment and the impact of AI.

article thumbnail

Bankruptcy court admits Zee Entertainment under the insolvency resolution process

CFO News

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Bankruptcy court admits Zee Entertainment under the insolvency resolution process

CFO News

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.

article thumbnail

MoneyGram Works To Restructure Debt; Could Seek Buyer

PYMNTS

Reuters reported that in addition to exploring strategic alternatives, the company is currently working to restructure its outstanding debt, which was at $902.8 Justice Department to extend a deferred prosecution agreement, which paves the way for MoneyGram to restructure its debt. billion to look for strategic alternatives.

article thumbnail

Netflix, Snap, Warner Bros. Discovery, AT&T, Novavax and more

CFO News Room

Discovery’s stock shed more than 7% after increasing its restructuring cost estimates by $1 billion. Madison Square Garden Entertainment — Shares rose more than 2% after Morgan Stanley upgraded the stock to equal weight from underweight. Warner Bros. Discovery – Warner Bros.

article thumbnail

Disney To Create Central Organization Focused On Content Streaming

PYMNTS

Disney is restructuring part of its business to focus on video streaming, which is becoming increasingly popular, CNBC reported. 12) that it will be working to prioritize its streaming by centralizing its media and entertainment operations into one organization responsible for all content distribution, ad sales and Disney+, CNBC reported.

article thumbnail

Jeffrey Katzenberg’s Streaming Unicorn Quibi Pulls The Plug

PYMNTS

The entertainment startup produces original, short-form entertainment for smartphones and raised a total of $1.75 After unsuccessfully shopping around for a buyer, a restructuring firm hired by Quibi gave other options to the company’s board of directors. billion in pre-launch funding from 14 investors.