May 22
NSE:ZEEL is still trading inside a falling corrective structure after the rejection near the 91. Price continues to make lower highs inside
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NSE:ZEEL is still trading inside a falling corrective structure after the rejection near the 91. Price continues to make lower highs inside
Web Server Hosting Zee Layoffs: Network Says Job Cuts Part Of Company’s Remodelling Exercise http://dlvr.it/TPbrxD Arise Server
Zee Entertainment Q1 FY26 Concall: Ad Revenue Rebounds | Strong Digital Growth & Cost Control #zeeentertainment #zeeentertainmentnews #zeeentertainmentbusine...
Zee Entertainment Quarter 4 Results... Follow: @_daily_stock_ #zee #zeeworld #zeenews #zeeentertainment #sharemarket #sharemarketnews #sharemarketindia #dailystock #investment https://www.instagram.com/p/CDGaY0vgNDT/?igshid=z4jaq4bu4asd
Zee Biskope, New Filmy channel Of See Entertainment, Which is launched by 21th December
Zee Enertainment, Zee Biskope Bhojpuri, Zee Biskope, Zee Biskope Launch Date 21 December 2019, "आठों पहरिया, लूटा लहरिया" (Atho Pahariya Loo
Song of the Movie “Dream Girl” Restrained by Court
On 27th August 2019, the plaintiff heard about the song “Dhagala Lagli” from the film Dream Girl of the defendants. Thereafter filed the present case before the Delhi High Court for an injunction as the song infringed the original song “Var Dhagala Lagli Kal”. The plaintiff is presumed to be the owner of the impugned song under section 55 (2) of the Copyright Act. Plaintiff has the exclusive right of a copyright holder as per the law.
Dream Girl, a comedy film released on 13th September 2019. The plaintiff prayed for an injunction to restrain the streaming of the “Dhagala Lagli”. The plaintiff alleged that the defendants have unauthorizedly used the copyrighted song “Var Dhagala Lagli Kal” from the Maratha cinematograph film “Bot Lavin Tithe Gudgulya” in the song “Dhagala Lagli” of the plaintiff's film “Dream Girl”.
Balaji Motion Pictures Limited, Alt Digital Media Entertainment Limited and Zee Entertainment Enterprises Limited are all defendants in this case. The plaintiff vides an agreement on 1979 acquired the rights over the sound recordings, musical and literary works of the cinematograph film “Bot Lavin Tithe Gudgulya” from the original producer of the said film. The original producer was M/s Sadicha Chitra.
The defendant in the impugned song copied an integral part of the original song which is commonly referred to as the hook part and catch part. The plaintiff complained that the defendants had committed infringement by not taking any permission or license from the plaintiff.
On 3rd September 2019, the plaintiff sent a legal notice to restrain the infringing activities of the defendants. On 5th September 2019, a representative of Balaji Motion Pictures approached the representative of the plaintiff for licensing the song. The plaintiff put some conditions and monetary policies before the defendants for licensing but the defendant never approached.
The plaintiff presented a print out of the YouTube picture as evidence. In this picture, the defendants had highlighted the impugned song as “Relieve Dhagala Dream Girl Style”. The Court analyzed that The Balaji Motion and Alt Digital have assigned all their rights in the music of “Dream Girl” in favour of Zee Entertainment.
Zee Entertainment was well aware of the royalty rights of the plaintiff. For several years, Zee Entertainment was paying royalties for TV programmes and the contested song is also one of them. After viewing the CBFC certificate the Court said that the right of the songs of the film “Bot Lavin Tithe Gudgulya” was vested with M/s Sadicha Chitra which was later transferred to the plaintiff.
The Court found that intentionally the defendants were avoiding the issue of copyright ownership. Further, the Court observed that defendants never denied the allegation of infringement in this case. On 13th September 2019, the Court granted the application of Plaintiff and issued an injunction to restrain the impugned song.
To read more visit us at - https://www.trademarkclick.com/education-blog/?page=1
Should Investors Consider Zee Entertainment After Recent Events?
The managing of Zee Entertainment Enterprises (Zee) on January 28 stated it has reached an agreement with creditors to ensure no additional invocation of promoters' pledged shares. Zee stock had dropped 27 percent on January 25 as the creditors invoked pledge on 0.6 percent of promoter stocks following a default. Zee also said last week it will initiate legal actions against a press entity which alleged the Essel group was associated with Nityank Infrapower which has been probed by Serious Frauds Investigation Office (SFIO) to get demonetization deposits of over Rs 3,000 crore. But it is important to be aware that the allegation is against the group and not right against Zee Entertainment. The larger concern for investors is that the promoters pledge on shares rather than the media allegations. Our focus is on the latest announcement on stocks that are pledged. Incidentally, Zee Entertainment's promoters have vowed a massive chunk of their holding in Zee Entertainment to increase funds for group things. Essel group, promoters of Zee, have vowed around 59 percent of their 41.6 percent ownership in Zee to borrowers. Approximately 96-97 percentage of the lenders by security value of Zee's shares consisting of MFs, NBFCs and banks have entered into a written agreement. The management stated the agreement extends beyond April, without specifying a deadline. The news has brought relief to the sinking inventory placing on hold. On the other hand, the service may be temporary. We believe investors must look to exit the counter as headwinds persist in the long run.
Business principles intact
Zee's business operation remains on a strong footing with healthy growth in subscription and advertisement revenue. ZEE5, the broadcaster's over-the-top (OTT) platform was launched in February this past year, proceeds growth trajectory with 56.3 million monthly active users and a mean watch time of 31 minutes a day. Most importantly, despite ongoing heavy investment in ZEE5, management is confident of maintaining EBITDA margin.
Valuation has turned attractive
With a sharp correction in stock price last week, evaluation has turned comparatively attractive using the stock trading at around 16 times FY20 estimated earnings, more than a 40 percent reduction to its 10-year average price to earnings (P/E) multiple.
But impending promoter stake sale to weigh on stock's performance
In an interesting development, Essel group had in November 2018 announced its intention to sell up to 50 percent of its equity stake of around 41.6 percent (which now stands reduced to 41 percent post-invocation of assurance) to a strategic partner by March- April 2019, most likely a top global player. We had expressed our skepticism over the stake sale directly after the November announcement, and ahead by some agents of stock downgrades. A sale to a global giant will help Zee fortify its OTT platform and expand its offerings. That was the argument after promoter stake sale in November's statement. The events which have unfolded over the weekend indicates. Promoter stake sale appears more for survival than for expansion. Even if there is a good outcome of the bet sale in the near term, we do not see material advantages for your company or minority shareholders for two reasons: First, since promoters is seeking to market approximately 20-21% equity stake (50 percent of the entire holdings), it is unlikely to activate an open offer. Secondly, by selling the stake, promoters will get the get nothing and money will stream to the company. Though this is favorable for equity investors in the long run as it can help promoter service the debt and/or part release the pledge shares, it will not materially change the broadcaster's principles or equip it. Nevertheless, bet sale to a company especially a global participant can provide impetus to the prospective plan of Zee. Also, getting any strategic investors (can be a massive telecom giant) can considerably uplift the beaten-down stock. But that is hoping to gaze a crystal ball. Purchasing is all about taking calculated risks. With the bargaining power considerably reduced after the recent events of group, problem or any delay in selling equity stake could create additional pressure. Regardless of the correction downside risks persist in form of competition from OTT players and tariff order impacting subscription revenues for Zee. Even the promoter stake sale will definitely be positive for debt holders of the Essel group but not necessarily for minority equity holders of Zee Entertainment. Hence, investors will need to tread cautiously and use any cost rise to exit the counter. Read the full article
New Wave !! Gbedu for the season @madeit_muzik @ezee_entertainment #zeeentertainment https://www.instagram.com/p/BrNwV0-Aqp_/?utm_source=ig_tumblr_share&igshid=1w7hp7sj9vxvk