Behind the Stock: Why Zee’s filmy umeedein get no takers on D-Street

Zee Entertainment Enterprises is facing a backlash from investors, and this time, it has nothing to do with the company’s corporate governance issues or promoter’s excessive share pledges for investment in failed infrastructure projects.

It’s about movies and a little known startup.

Zee Entertainment’s success during the time of its erstwhile founder-chairman Subhash Chandra was centred around the company’s television business – a generator of steady stream of subscription and advertisement revenues.