The long-running saga between Sony Pictures Networks India (now called Culver Max Entertainment) and Zee Entertainment Enterprises (ZEEL) is reportedly close to a decision. But it is currently anyone’s guess as to who will head up the combined company. Indeed, some observers suggest that a decision may not be made by the pre-agreed merger deadline […]

During the long merger discussions between Zee Entertainment and Sony Pictures Networks India, it had always been stated that Zee’s MD Punit Goenka would head up the combined business once the merger wrapped. That plan seems to now be revised and there are widespread reports that Sony Group wants to place its own man into […]

The long-awaited merger between Zee Entertainment Enterprises Ltd (ZEEL) and Sony Pictures Networks India faces another hurdle before the agreement can be wrapped. India’s SEBI (Securities & Exchange Board of India) regulator has asked for more information and has requested the Bombay Stock Exchange and New York exchange as well as the National Company Law […]

The on/off merger talks between Zee Entertainment Enterprises (ZEEL) and Sony Group have resumed. ZEEL is in advanced talks with its creditors in order to settle debts and remove one remaining problem with its sale to Sony Pictures Networks India (SPNI) a wholly-owned subsidiary of Sony Corp. ZEEL owes $18.1 million to ISBI Bank, and […]

Sony Pictures Networks India Private Limited (SPNI) and Zee Entertainment Enterprises (ZEEL) have signed definitive agreements to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations and programme libraries. The agreements follow the conclusion of an exclusive negotiation period during which ZEEL and SPNI conducted mutual due diligence. After […]

Sony Pictures Networks India (SPN) is set to acquire a majority share in Zee Entertainment, India’s giant – but financially strapped – broadcasting business. According to India’s Economic Times, the combined entity will own 75 TV channels, two video streaming operations (ZEE5 with a global audience and Sony’s LIV), a pair of film studios (Zee […]

The Delhi High Court has restrained the unauthorised broadcast of the Tokyo Olympics by rogue websites, multi-system operators and local cable operators in India. The court has directed ISPs to block access to these websites illegally broadcasting the games on their platforms and also asked the Central government to issue necessary directions/notifications calling upon various […]