The latest allegations to hinder the long-awaited merger between Zee Entertainment and Sony’s India assets are that an ‘approval’ for the merger was illegal. Axis Finance has filed a petition to the National Company Law Appellate Tribunal (NCLAT) that the l National Company Law Tribunal (NCLT) which approved the Zee-Sony merger made its decision in […]

India’s National Company Law Tribunal has given its approval to the merger between Zee Entertainment Enterprises (ZEEL) and Sony’s India assets. The Tribunal accepted concessions from Zee and Sony Pictures Networks/Culver Max Entertainment which would reduce some of the regulatory concerns. The Tribunal issued its order approving the merger on August 10th. The merger between […]

International media company, Blue Ant Media and the production and distribution company, marblemedia, have announced the merger of the two companies’ production and distribution operations into one unified studio and rights business. Mark Bishop and Matthew Hornburg will take the helm of this business, serving as co-Presidents and reporting into Michael MacMillan, CEO and co-founder, Blue Ant Media. With hubs in Toronto, New […]

The troubled merger between Sony India and Zee Enterprises “will go through” according to Zee MD Punit Goenka. He added the merger would happen “whether or not” he was in post as MD of the merged company. Goenka, and his father Subhash Chandra, are the subject of legal actions from India’s Securities and Exchange Board […]

Italian broadcaster MFE-MediaforEurope has ruled out a complete merger with German broadcaster ProsiebenSat.1 for the time being – as well as a takeover bid – but is open to closer cooperation. Controlled by the family of former Italian Prime Minister Silvio Berlusconi, MFE has built a potential stake of 29.9 per cent in its rival […]

In the framework of the review of the proposed merger between Groupe TF1 and Groupe M6, the case team of the French competition authority (Autorité de la Concurrence) has issued its report. In the report, which does not prejudge the final decision by the Board (Collège) of the authority, the case team considers that the […]

Cinedigm, a streaming technology and entertainment company, has closed the acquisition of Digital Media Rights (DMR), a specialty streaming, advertising, and content distribution company. The acquisition closed on March 28th with a purchase price of $16.4 million (€14.7m), payable in instalments. The company paid the first payment of $8 million in cash at closing, which […]

With the WarnerMedia/Discovery merger set to close next month, Discovery has confirmed that HBO Max and Discovery+ will be combined into one streaming offering. Discovery CFO Gunnar Wiedenfels confirmed the news speaking at the Deutsche Bank 30th Annual Media, Internet & Telecom Conference. Wiedenfels said that combining HBO Max and Discovery Plus into a new […]

Charlie Ergen, speaking to analysts following his company’s results announcement, said that without a merger between DirecTV and his own DISH Network the risk is that transmissions from the tow pay-TV operators “will just melt away”. Ergen repeated his previous statements that a merger was inevitable. “The regulatory reasons to not allow [a merger] don’t […]

Tegna, the US broadcast, digital media and marketing services company headquartered in Virginia, and an affiliate of Standard General have entered into a definitive agreement under which Tegna will be acquired by the Standard General affiliate for $24 (€21.17) per share in cash. The transaction has an equity value of approximately $5.4 billion and an […]