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Zee Entertainment to Launch TikTok-Styled User-Generated Video Streaming Platform

Professor of Financial Economics and Part-time Value Investor, Transfin.
Feb 24, 2020 2:24 PM 2 min read
Editorial

Zee Entertainment has a new goal - to take on the likes of TikTok, Instagram and YouTube.

 

COMPANIES

Zee Entertainment to launch TikTok-styled user-generated video streaming platform.

ZeeTok

Zee Entertainment has a new goal - to take on the likes of TikTok, Instagram and YouTube. To do this, it is launching a short-form video content feature on its digital entertainment platform, Zee5. This feature will be called Hypershots and will involve 90-second user-generated content.

 

Tarun Katial, CEO of Zee5 India, said the company envisions Hypershots to make the platform “the super app of entertainment, a one-stop destination for digital videos”. [Business Today]

 

Deloitte to stop non-audit services to clients in India.

Three is Company

Following Grant Thornton and Price Waterhouse, Deloitte became the third auditor to announce that it would no longer offer non-audit services to “public interest entities” in India.

 

Deloitte described this move as being in the spirit of self-regulation, saying this would “increase the public’s confidence in auditor independence and quality”.

 

Airtel, Vodafone Idea to reportedly make partial payment of dues. 

Good to Know

“Public interest entities” are prescribed by the Institute of Chartered Accounts of India. These include all listed companies, banks and insurance companies. [Livemint]

 

D-Day

Telcos Bharti Airtel, Vodafone Idea and Tata Teleservices are reportedly set to pay their adjusted gross revenue (AGR) dues on February 17th to avoid possible strict punitive action from the Telecom Department.

 

The three companies are jointly liable to pay ₹1Lcr ($13.9bn). They are expected to make only partial payments for now. [The Hindu]

FIN.

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