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Zee-Sony merger at crossroads: Leadership issues and deadline-extension request cast doubt

The companies will also withdraw the respective Composite Schemes of Arrangement from the NCLT and inform the relevant regulatory authorities.

ZEE seeking deadline extension for merger amid leadership ambiguity has added another layer of complexity to the deal with Sony aimed at forming a $10 billion media conglomerate.

ZEEL names three new independent directors

In August 2023, SEBI passed an interim order against promoters Subhash Chandra and his son Punit Goenka, barring them from holding any directorships in listed companies, over allegations of funds siphoning. (Image source: Moneycontrol Hindi)

The three new independent directors are Venkata Ramana Murthy Pinisetti, Shishir Babubhai Desai, and Uttam Prakash Agarwal, effective from December 17, 2023.

Zee-Sony Merger: ZEEL seeks extension to the merger deadline

GST authorities crack down on Zee Entertainment

Zee Entertainment wrote to Sony Group Corp requesting an extension of the merger’s timeline.

IPL 2023 viewership hit 449 million overall on Viacom18, says CEO Anil Jayaraj

Anil Jayaraj also touched upon the growing prominence of consuming various sports other than cricket and he hopes that the upcoming Paris Olympics will change that narrative. (Image source: Moneycontrol)

Jayaraj pointed out that Indian sports viewing habits are almost entirely live as 99% of the viewership is online and just 1% happens to be around, highlights, non-live content, and documentaries. However, he was bullish about the growing market of sports documentaries and docu-series in India and predicted that it will become quite big over the next four or five years.

National Company Law Appellate Tribunal denies stay on Zee-Sony merger

The companies will also withdraw the respective Composite Schemes of Arrangement from the NCLT and inform the relevant regulatory authorities.

On August 10 NCLAT had approved the $10 billion merger.

Anticipation builds for ZEEL AGM on December 16 as merger deadline looms

GST authorities crack down on Zee Entertainment

Speculation has been rife among stakeholders about a potential shake-up in the leadership arrangement for the Zee-Sony merger.

Not controlled by Microsoft, said OpenAI CEO Sam Altman; He’s also grateful Elon Musk exists. Find out why

Think of GPT models that generate text based on words. Sora does something similar, but with images and videos. It breaks down videos into smaller pieces called patches. (Image sourced from Forbes)

Billionaire Elon Musk described OpenAI as a close-sourced, maximum profit company, effectively controlled by Microsoft.

Viacom18’s action against FairPlay results in the arrest of key stakeholder of the betting platform

The online betting platform ‘FairPlay’ falsely advertised across print, digital media, and hoardings in Mumbai and other major cities. Not only endorsing the gaming/betting website but also illicitly associating itself with the streaming rights of IPL, using taglines like “Watch IPL for Free, LIVE”. Subsequently, it was revealed that IPL 2023 was being unlawfully streamed on the FairPlay platform.

Supreme Court asks Britannia and ITC to come to consensus on issue of similar packaging

Multiple videos were circulating on social media of a Lok Sabha election results day discussion on Sharma-owned India TV news channel that claimed that Sharma used foul language against Nayak.

ITC Ltd had challenged the Madras High Court’s order that prevented them from using the current packaging of the Sunfeast MOM’s Magic Butter Cookies on the grounds of infringement of Britannia’s Good Day Butter Cookies packaging.

Vivendi floats a plan to split its businesses

Canal+, Havas and Lagardère are currently experiencing strong growth in an international context marked by numerous investment opportunities.(Representative Image: AbsolutVision via Unsplash)

The French digital entertainment and communications company said its management board has proposed a study of the feasibility of a split into publicly-traded entities.