Invesco drops plans to oust Zee Entertainment board

US-based investment firm Invesco has scrapped plans to shake up the management structure of India’s Zee Entertainment. Zee, which has agreed to merge with Sony Networks India, has been facing a months-long revolt from Invesco. Invesco owns 17.88% of Zee, and in October 2021 called on shareholders to implement a revamped executive board including the […]

Under-fire Zee CEO defends company against Invesco assault

The CEO of Indian media giant Zee has said that the ongoing spat with shareholder Invesco is to preserve the company’s future. Investment firm Invesco, which owns 17.88% of Zee, earlier this week published a letter to investors where it called on shareholders to revolt against the media company over its governance and the proposed […]

Zee accuses Invesco of hypocrisy in criticism of Sony merger

Indian media company Zee has shot back at major shareholder Invesco as the companies continue to trade blows. Invesco, which along with OFI Global China Fund LLC owns 17.88% of Zee’s shares, has been highly critical of Zee’s governance and financial dealings. Earlier this week, the company published an open letter to Zee’s shareholders where […]

Invesco doubles down on Zee criticisms, calls on shareholders to revolt

Investment firm Invesco has lashed out against the proposed merger between Indian media giant Zee and Sony Group. Announced last month, Sony Pictures Networks India (SPNI) announced a deal to take control of Zee Entertainment. The proposed merger would combine both companies’ linear networks, digital assets, production operations and programme libraries, with Sony Pictures Entertainment […]

Rightster launches IPO, makes exec hires

Online video distribution specialist Rightster has raised £20.4 million (€24.2 million) after floating on the stock market and announced a string of senior hires. The firm launched its IPO this morning, floating on the AIM market of the London Stock Exchange in what founder and CEO Charlie Muirhead said marked “the first YouTube multi-channel network […]