Zee re-appoints Punit Goenka as MD & CEO for 5 years

[A4Akash]

Now he would have to do like Vijay Thalapathy did in Varisu movie

 

[stiwari]

Zee shareholders reject the proposal of reappointment of Punit Goenka as MD in Voting. Yesterday Zee shareholders invited to vote on this matter and 50.45% Shareholders voted against it. So, Proposal not got passed.

Zee may be saved in his absence

 

[Divyam]

How zee is such in huge losses despite they're not in sports sector????

 

[Aksgr]

How zee is such in huge losses despite they're not in sports sector????

unwanted expenses and marketing. + fall of share and exit of Invesco

 

[ab666]

How zee is such in huge losses despite they're not in sports sector????

Corruption, there are corruption charges against punit goenka & family, although nothing is proved because incompetent sebi can't prove anything. Punit Goenka allegedly diverted zee funds into his personal company

 

[Divyam]

I think they should cut down on movie acquisitions and should also cut down on film production zee studios continues to produce and distribute movies theatrically despite not tasting much success in post pandemic times

 

[Aksgr]

I think they should cut down on movie acquisitions and should also cut down on film production zee studios continues to produce and distribute movies theatrically despite not tasting much success in post pandemic times

gadar 2 saved zee , else it would be even more at worse place.
Zee is not a premium network like jiostar. It relies heavily on ad, so it will only make sense if they focus on strengthening their movie channels

 

[stiwari]

Their profit loss statement shows they are on decline in last 2 years

https://www.moneycontrol.com/financials/zeeentertainmententerprises/profit-lossVI/ZEE

Profit in year 2022 was 1338 crore and this year it is just 331 crore

 

[Divyam]

gadar 2 saved zee , else it would be even more at worse place.
Zee is not a premium network like jiostar. It relies heavily on ad, so it will only make sense if they focus on strengthening their movie channels

Much suprising is that zee studios continues to invest in kangana ranaut movies i know it's a corporate studio they follows different strategy than individually running studios but still

 

[Lurie]

Punit goenka and their family do a lot of under the table dealings. They siphoning off the money of ZEEL to their accounts was the reason Sony walked out of the merger. Being a puppet of the current regime, sebi is reluctant to act against him. His close connection with the ruling party led to LIC becoming a shareholder to save the company but look where it is now. Sigh.