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However Zee board rejects demand from Invesco to convene extraordinary general meeting. One of main demand was removal of Punit Goenka, son of the Zee Network founder. In 11 September 2021 Invesco asked Zee management to call an "extraordinary general meeting" (EGM) of shareholders to consider its demands. Sony Pictures will hold a majority stake in the proposed merged entity, which will be headed by Zee’s Punit Goenka. In September 2021, Zee Entertainment announced that its board had approved its merger with Sony Pictures Networks India. On September 22, 2021, the company announced that it will merge with Indian Unit of the Sony Corporation and be part Sony Pictures Networks India Proposed merger with Sony It was also reported that Essel Group owns a sum of 3.99% minority stake. In September 2021 it was reported that Invesco Developing Markets Funds and OFI Global China Fund LLC, who jointly holds 17.88% stake, wanted Punit Goenka (also son of founder) to step-down as MD and CEO. On August 1 media reports Invesco Oppenheimer Fund to buy 11% stake in Zee Entertainment On April 3 media reported Sony and Zee Entertainment Enterprises deal off amid valuation differences which opened the door for Comcast-Atairos. On April 2 reports said that some other promoters were willing to sell their shares worth ₹332 crore. Top Sony officials including Mike Hopkins, chairman of Sony Pictures Television, and Tony Vinciquerra, chairman of Sony Pictures Entertainment, had visited Subhash Chandra and his family at his residence shortly after Chandra announced his intent to sell half of the promoter holding in Zee Entertainment Enterprises to a global strategic investor. However, they were competing with technology giant Apple and Reliance Industries among others. Sony Corporation, Comcast-Atairos, a firm lead by American cable giant Comcast were shortlisted for the bid. In February 2019 media reported that Essel Group was in talks to sell their shares from the Zee Entertainment Enterprises to save from the debt. DMC is a joint venture between Zee and the Dainik Bhaskar Group. Ī partially-owned subsidiary, Diligent Media Corporation, is a publisher of Indian daily newspapers and websites. It also planned to acquire 9X Media in October 2017 for the cost of ₹160 crore, however the plan fell through in March 2018. In 2017, the company acquired the majority stake of the Reliance Broadcast Network.
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In 2016, Zee launched Zee Mundo, a Spanish-language Bollywood movie channel targeting Latin America.
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A Polish version of the channel was launched in 2017. One year later, on 28 July 2016, it launched Zee One, aimed at the German market. In 2015 Zee acquired Sarthak TV, an Odia-language pay-television channel. It also owns a music label, Zee Music Company. In May 2011, Star Den entered into a 50/50 joint venture with Zee Turner and Zee Entertainment Enterprises (ZEEL) to distribute and market all channels owned by the company and ZEEL, their respective affiliated channels and other third-party channels in India, Nepal and Bhutan. The news and regional entertainment channel business was spun off into a separate company in 2006 as Zee News. Some of Zee Studios's productions include Gadar: Ek Prem Katha, Natsamrat, Sairat and Rustom.Īs Zee Telefilms, the company formed part of BSE Sensex from 2000 to 2005. In 2008, Zee Networks launched Zee Motion Pictures and Zee Limelight (now Zee Studios) for the development, production, distribution and marketing of mainstream films in Indian languages, including Hindi, Malayalam, Tamil, Telegu, Kannada, Bengali and Marathi. In February 2010, the business acquired an additional stake (95%) in TEN Sports. On that same year, the company was rebranded as Zee Entertainment Enterprises. In 2006, they acquired Integrated Subscriber Management Services Limited, and in November 2006, it acquired an 50% stake in Taj television, owner of TEN Sports.
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In 2002, the company acquired a majority stake (51%) in ETC Networks. It was replaced by a new Cartoon Network block in 2002. Zee Telefilms launched a Nickelodeon-branded programming block in 1999 as part of a distribution deal between Viacom International and Zee Telefilms. The company was launched on 15 December 1991 as Zee Telefilms, brand name that was retained until 2006.