MAM
Giorgio Stock named president, Warnermedia entertainment networks, distribution and advertising sales, EMEA & APAC
MUMBAI: WarnerMedia Chief Revenue Officer Gerhard Zeiler today announced the appointment of Giorgio Stock to the new role of President, WarnerMedia Entertainment Networks, Distribution and Advertising Sales, EMEA and APAC.
With immediate effect, Stock, previously President Turner EMEA, takes on responsibility for all entertainment networks, distribution of all networks, advertising sales and the kids networks operations in Europe, Middle East, Africa and the Asia Pacific region. He will continue to report into Zeiler.
In his new role, Stock will be supported by the leadership team of Ricky Ow, President Turner Asia Pacific, Hervé Payan, CEO HBO Europe, and Jonathan Spink, CEO HBO Asia, all of whom now report into him. He continues to be based in London.
Announcing the position, Zeiler said: “In his previous role as President, Turner EMEA, Giorgio transformed the organisation and built a strong team who together invested in excellent premium content, created new revenue streams and optimised business operations. I couldn’t be happier that he has accepted this new role.”
“I am excited about WarnerMedia’s vision for the future of our industry and our place and ambition within it,” said Stock. “In an increasingly disrupted marketplace, we are uniquely positioned to evolve and further scale our truly exceptional brands and content destinations and to engage and entertain our audiences like never before. It is a privilege to assemble the hugely talented teams across our regions and take our business to the next level.”
The appointment represents Zeiler’s decision to give the operation a focused leadership that harnesses the existing strengths of the Turner and HBO businesses while also equipping them for further collaboration and growth.
In addition to Stock, the international executives serving Zeiler are Whit Richardson, President Turner Latin America, and Rani Raad, President CNNI Commercial.
Brands
Maharashtra panel orders Lodha to refund Rs 5 crore to homebuyers
Consumer court flags unfair practices in long-running property dispute case
MUMBAI: In a sharp rebuke to one of India’s biggest real estate players, the Maharashtra State Consumer Disputes Redressal Commission has directed Macrotech Developers to refund nearly Rs 5 crore to a senior citizen couple, Uttam and Anindita Chatterjee. The ruling, delivered on March 13, 2026, calls out the developer for “deficiency in service” and “unfair trade practices”, bringing closure to a dispute that has stretched over a decade.
The case traces back to 2015, when the couple booked a 3-BHK flat at World Towers in Lower Parel for Rs 12.22 crore, with possession promised within a year. What followed was a series of changes that complicated matters. After deciding to exit the project, they were persuaded to shift to a 4-BHK in another development priced at Rs 8 crore, with delivery scheduled for 2018. However, within months, the price was allegedly increased to Rs 10 crore. After demonetisation reshaped the market, similar flats were reportedly being offered at lower prices, but the couple were not given the benefit.
Despite paying over Rs 2.83 crore, the couple neither received possession nor clarity. Instead, in 2018, the developer unilaterally cancelled the booking, retained part of the amount as earnest money, and argued that the buyers were investors rather than consumers. The commission rejected this claim, observing that casual references to “investment” do not take away consumer rights when the purchase intent is residential.
The bench also held that the developer could not penalise buyers for payment delays while failing to meet its own delivery commitments. It noted the lack of formal documentation for revised terms and termed the prolonged retention of funds without delivering a home as exploitative.
As part of its order, the commission directed the developer to refund Rs 2.83 crore paid by the couple, along with interest at 10 per cent per annum, amounting to around Rs 2.12 crore. In addition, Rs 1 lakh has been awarded for mental agony and Rs 50,000 towards litigation costs, taking the total payout to over Rs 5 crore. The developer has been asked to comply within two months.
For now, the ruling serves as a reminder that in real estate, shifting terms and delayed promises can carry a significant cost.
