Quantum Brief – Page 4

Zee layoffs: Punit Goenka cuts tech and innovation centre by 50 percent

In line with his strategic plan focused towards achieving the targeted goals, ZEE's MD and CEO Punit Goenka proposed the implementation of a lean and streamlined management structure to the Board on April 5. The streamlining process included rationalisation of the workforce by 15 percent.

The Company recently announced the strategic realignment of its Revenue vertical, that is now being directly driven by the MD & CEO.

Disney boardroom battle heats up as investors clash over Iger’s leadership: Reports

When rival platform Netflix cracked down on password sharing, it gained nearly 22 million subscribers as a result, in the second half of 2023. (Image source: Moneycontrol)

On April 3rd, shareholders will decide the fate of Disney’s boardroom.

Mast or Meh?: Symphony’s summer ad for coolers is too cool

Still from the ad.

Storyboard18’s daily ‘Mast Or Meh?’ take. Watch Symphony’s hilariously cool ad for its summer campaign. Rating: Mast

HUL in talks to potentially sell Pureit water purifier business

HUL has been having informal discussions with prospective buyers, including bulge bracket private equity funds.

The FMCG giant has been in talks with prospective buyers, exploring the possibility of the sale. However, no formal decision has been made yet, as per moneycontrol.

ONEOTT Intertainment Ltd and 7Star Group announce strategic alliance to grow business

The alliance is also developing plans to offer integrated services to their customers that would extend beyond broadband to other services like OTT, IPTV, WIFI, VoIP/intercom and even bespoke CCTV solutions.

Both partners are looking to focus on growing the broadband business in Maharashtra initially, whilst setting the tone to expand services together in other markets.

DHL Express extends partnership with Mumbai Indians for Tata IPL 2024 season

This season DHL Express will plant six trees for every six hit by the Mumbai Indians during the IPL season.

DHL Express will continue as the principal sponsor and official logistics service provider.

Movado partners with Rajasthan Royals, becomes official time partner for Tata IPL 2024

Jake Lush McCrum, Chief Executive Officer, Rajasthan Royals, said, “We are thrilled to welcome Movado as our Official Time Partner for the season."

Through this collaboration, Movado becomes the Official Time Partner of the Rajasthan Royals for the 2024 season.

ZEE Entertainment launches monthly management mentorship program for performance enhancement

According to ZEE MD and CEO, Punit Goenka their plan is now be centred around three key aspects. These included frugality, optimisation and sharp focus on quality content.(Image source: Moneycontrol)

The 3M Program Special Committee has also identified business verticals that require a critical assessment. This includes – 1) Margo Networks (Sugarbox) 2) Teleplay & Zindagi 3) Hipi 4) Weyyak and 5) English Cluster of Linear TV Business. The Special Committee has advised that the identified business verticals will need to substantially reduce losses and enhance their performance levels.

Digital ad impressions surge beyond pre-pandemic levels, shows 4X growth in 2023 over 2019

As per GroupM, the overall ad revenue is expected to reach Rs1,55,386 crore in 2024, with an incremental Rs14,423 crores compared to 2023. At Rs 88,502 crores of the overall Rs1,55,386 crore, digital will contribute to 57 percent of all ad revenue.(Representative Image: Julian Hochgesang via Unsplash)

According to TAM, Amazon Online India, Snapchat Inc., Samsung India Electronics, Apple Computer India, flipkart.Com were the top five advertisers on digital for 2023.

Supreme Court overturns ruling on Bloomberg’s ‘defamatory’ Zee article removal

The presiding judge, thus, said that Emami had a strong prima facie case and the 'balance of convenience' is strongly in its favour. (Representative Image: Tingey Injury Law Firm via Unsplash)

Supreme Court reversed a trial court’s directive instructing Bloomberg to remove an allegedly defamatory article published on February 21, 2024 targeting ZEE Entertainment.