abhishek
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Zee Entertainment hived off three of its businesses into separate subsidiaries.
Read more at: http://www.televisionpost.com/television/zeel-q1-net-up-despite-2-drop-in-operating-rev-local-businesses-restructured/ | TelevisionPost.com
- Zee Digital Convergence Ltd will be demerged into a separate entity. This includes the digital media and entertainment business. Ditto TV and OZEE will fall under this.
- The online media business under India Webportal will be demerged.
- The advertisement sales media business, which manages television and print ads, will be demerged into Zee Unimedia Ltd.
- Sarthak Entertainment, which holds the Odiya general entertainment channel, will be merged with ZEEL.
- Acquisition of Big Magic and Big Ganga complete The acquisition of Anil Ambani-promoted Reliance Broadcast Network Ltd (RBNL), which includes two channels Big Magic and Big Ganga, has been completed. Its financial performance has been consolidated in the company’s Q1FY18 results.
Read more at: http://www.televisionpost.com/television/zeel-q1-net-up-despite-2-drop-in-operating-rev-local-businesses-restructured/ | TelevisionPost.com