Month: January 2024

Punit Goenka was worried Sony would start a witch hunt against him: Report

In his personal capacity, Punit Goenka, through his wife and son, bought ZEEL’s shares.

Sony was already a little wary of Goenka considering the accusation made on him for financial impropriety by the Securities and Exchange Board of India (SEBI), and Goenka was worried that Sony would start a witch hunt against him once the merger was complete, and they had access to Zee’s library of local entertainment content.

Zee’s $1.4 million dollar ICC TV rights deal with Disney Star falls through

Zee Entertainment Enterprises Ltd (ZEEL)'s FY2025 profit jumped to Rs 679 crore--an increase of 381% YoY

As per the agreement, Disney Star would have licensed the TV broadcasting rights of the International Cricket Council (ICC) Men’s and under-19 global events for a four-year period to Zee. Disney Star would continue to have exclusive digital rights for its digital platform (Disney+ Hotstar). Zee will make staggered annual payments from CY24 onwards.

Ayodhya experience was completely surreal: Punit Goenka

“Yogi Adityanath and PM Modi made a point to prove to the world that we too can build the Vatican of this country,” Punit Goenka added.

Punit Goenka was seen participating in the Ram Mandir celebrations on January 22, coinciding with the day when Sony issued a merger termination notice, seeking a $90 million termination fee.

ZEE’s Punit Goenka: Sony ran out of patience

Punit Goenka, managing director and chief executive officer of Zee Entertainment Enterprises

Punit Goenka addressed ZEE employees and spoke at length about the merger fallout and how it will not impact the company’s day to day business.