MAM
Media stocks gain but Balaji slips on the bourses
MUMBAI: The markets settled above the key resistance level of 3037-3049 on Friday, 16 May 2003 and the 30-stock BSE Sensex was up 43.61 points at 3,056.58 and the NSE Nifty was up 13.25 at 973.10 – as compared to the BSE Sensex of 2,950 last week. It was a good week for media stocks, as all the companies except for Balaji Telefilms, gained on the bourses.
On 16 May, Zee Telefilms opened the day on the Bombay Stock Exchange (BSE) at Rs 74.60, gained 3.82 per cent to end the day at Rs 77.45 (as compared to Rs 75.60 on 9 May). The volume of shares trades was around 1.84 million shares on 16 May. The news pertaining to Zee group’s plans to enter the film distribution business seems to have helped the scrip. Zee also announced its first Indo-France film venture earlier this week.
On the National Stock Exchange (NSE), the Zee Telefilm scrip started the day (16 May) at Rs 75.20; rose 4.14 per cent to end the day at Rs 77.90 (as compared to Rs 75.40 on 9 May). The volume of shares traded was around 4.12 million.
The Balaji Telefilms scrip opened the day (16 May 2003) at Rs 58.75; dropped 6.81 per cent and ended the day at Rs 54.75 (as compared to Rs 59.75 on 9 May). The volume traded was 189,722 shares.
On the NSE, the scrip opened the day at Rs 56.90; fell by 8.74 per cent to end the day at Rs 53.80 (as compared to Rs 59.65 on 9 May). The volume of shares traded was 782,079. Balaji Telefilms annual results will be announced on 22 May.
The Television Eighteen India scrip opened at Rs 77.65 on 16 May, gained 4.19 per cent to end the day at Rs 80.90 (as compared to Rs 71.05 on 9 May and Rs 74.95 on 2 May) on the BSE. On the NSE, it opened at Rs 79.90, gained 3.59 per cent and ended the day at Rs 80.75 (as compared to Rs 70.90 on 9 May and Rs 74.60 on 2 May). The volume of shares traded was 115,931 on the NSE.
Sri Adhikari Brothers Television Network (SABTNL) opened the day (16 May) at Rs 63.05; gained 0.71 per cent to end the day at Rs 63.50 (as compared to Rs 54.45 on 9 May). The volume of shares traded was 61,859 on the BSE. On the NSE, the scrip ended the day at Rs 63.75 (up 0.79 per cent) as compared to Rs 54.40 (on 9 May ) and Rs 55.75 (on 2 May). The volume of shares traded was 199,652 on the NSE.
Cinevistaas opened the day (16 May) at Rs 27.30; gained 2.56 per cent to end the day at Rs 28 (as compared to Rs 23. 50 on 9 May) on the BSE. On the NSE, the scrip opened at Rs 27.75; gained 8.29 per cent to end the day at Rs 29.40 (as compared to Rs 25.50 on 9 May).
Creative Eye opened the day (16 May) at Rs 12.70; rose 12.20 per cent to end the day at Rs 14.25 (as compared to Rs 11.55 on 9 May) on the BSE. On the NSE, the scrip rose 10.94 per cent to end the day at Rs 14.20 (as compared to Rs 11.50 on 9 May).
The ETC Networks scrip rose opened the day at Rs 47.35; rose 2.22 per cent to end the day at Rs 48.40 (as compared to Rs 45 on 9 May and Rs 38.85 on 2 May) on the BSE.
Exchange rate: $1 = Rs 47.15
MAM
Bob Iger joins Thrive Capital as adviser after Disney exit
Former Disney CEO returns to VC firm, stays on as Disney adviser till 2026.
MUMBAI: From castles to capital, Bob Iger isn’t done building just changing the blueprint. Bob Iger has taken on an advisory role at Thrive Capital, marking a return to the New York-based venture firm he briefly joined in 2022. Founded in 2009 by Josh Kushner, Thrive Capital has been positioning itself at the intersection of technology and long-term value creation, an area where Iger’s experience in scaling global entertainment businesses is expected to add weight. Kushner, 40, welcomed Iger back, highlighting his ability to blend technology with human-centric storytelling, particularly in an era increasingly shaped by artificial intelligence.
Iger is no stranger to Thrive. He had earlier joined the firm as a venture partner in September 2022, after stepping down as CEO of The Walt Disney Company and concluding his tenure as executive chairman in 2021. That stint, however, was short-lived. In November 2022, Disney’s board brought him back to steady the ship, replacing Bob Chapek following a turbulent period for the company.
Now, with his latest exit from Disney’s top job last month, Iger appears to be revisiting the venture world, this time with a clearer runway. Still, the Disney chapter isn’t entirely closed. Under his agreement with the company, he will remain until the end of 2026 as a senior adviser to new CEO Josh D’Amaro and will continue to serve on the board for his current term.
The move comes as venture firms increasingly seek operators with deep industry experience to navigate what Kushner described as “the most consequential technology shift” of the era, driven by AI. For Iger, whose career has hinged on blending creativity with scale, the transition from Hollywood to high-growth investing seems less like a pivot and more like a plot twist.
