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Zee-Sony Merger: Merger talks between India’s Zee Entertainment Enterprise and Japan’s Indian arm Sony have stalled. In fact, after the merger, there is a dilemma regarding the leadership of the new company. Uncertain who will run the merged entity? According to Mint, Sony is pushing to appoint NP Singh as managing director of its Indian operations. Whereas, Punit Goenka is the contender of Zee Entertainment.
What were the results for the September quarter: Meanwhile, Zee Entertainment Enterprises has announced its September quarter results. In this quarter, the company’s profit increased by 8.92 percent to Rs. 122.96 crores. The company in the same quarter of last financial year had Rs. 112.89 crore profit was made. In the July-September quarter, the company’s total revenue increased by 23 percent to Rs. 2,509.57 crore as compared to Rs. 2,040.87 crores.
The company said its profit increased due to good performance in the digital sector and increase in viewership. The total cost of the company increased by 23.02 percent to Rs. 2,205.67 crores. In the September 2023 quarter, the company’s ad revenue fell 3.3 percent to Rs. 979.17 crores.
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