Zee Entertainment has sought a refund of over Rs 68 crore from Walt Disney-owned Star in relation to the television broadcasting rights of the International Cricket Council (ICC) Men’s and Under-19 events. It said that Star violated the terms of the ICC TV rights agreement. Zee said that it has accrued Rs 72 crore for … Read more
Global brokerage firm CLSA has revised its recommendation on Zee Entertainment, changing it from a previous ‘buy’ rating to a ‘sell.’ This update comes in response to the cancellation of the $10 billion mega-merger with Sony Pictures Network. “With Zee-Sony merger being terminated, we believe Zee’s PE will slump back to 12x levels, seen prior … Read more
Shares of ZEE Entertainment Enterprises Ltd could see significant downside in case the proposed ZEE-Sony merger is called off, said Emkay Global. As per a report, Sony is likely to issue a termination notice by January 20 as the decision on who would be at the helm of the merged company is the contentious issue, … Read more