The fallout from the collapsed merger between Zee Entertainment and Sony’s India broadcasting activities continues. Zee’s share price has collapsed (down 26 per cent on January 23rd) and most local analysts suggest that Zee will be under increased financial and shareholder pressure and probable litigation. At least six Indian brokerages also said investors should sell […]
The Sony/Zee merger is dead but both parties say legal claims for compensation will be made. Sony is seeking a $90 million (€82.6m) termination fee over the collapsed deal, while Zee, in response, refuted the claims made by Sony and stressed its commitment to protecting stakeholders’ long-term interests. Zee is reported to be evaluating options […]
The long-awaited ZEEL-Sony merger is off. Despite reports over the weekend that the $10 billion merger between Zee Entertainment Ltd (ZEEL) and Sony’s Culver Max Entertainment was close, news has emerged that Sony has run out of patience and had sent a “termination letter” to ZEEL. Bloomberg is reporting that a key meeting was held […]
Zee Entertainment Enterprises Ltd (ZEEL), in a regulatory filing, insists it is working to successfully complete its long-planned merger with Sony’s Indian channels and studios. In its January 9th filing Zee described the widespread reports that the merger might not go through as being “baseless and factually incorrect.” “The company has always complied with its […]
InterDigital, a mobile and video technology research and development company, has announced that the company has renewed its patent licence agreements with Panasonic Entertainment & Communication. The renewals extend Panasonic’s licence under InterDigital’s HEVC patents and also extend its digital TV licence under InterDigital’s joint licensing programme with Sony. “It is always gratifying to renew […]
Sony’s India channels and studio division is reportedly on the brink of pulling the plug on its much-delayed merger with Zee Entertainment Enterprises (ZEEL). Sony is seemingly fed up with the failure by ZEEL to fulfil several pre-agreed conditions for the merger to take place. The merger itself has been due to be wrapped for […]
Another prominent television manufacturer is joining the NEXTGEN TV vendor roster, with the news that TCL is planning new TV models equipped with integrated NEXTGEN TV capability. More than 100 NEXTGEN TV products will be available for US consumers in 2024. The Consumer Technology Association announced industry results for 2023 sales and projections for the […]
NEP UK, part of the NEP Group worldwide network, has chosen to further its investments in Sony’s live production line up this year, by adding a number of HDC-3500V cameras to its portfolio. The HDC-3500V camera, announced at NAB 2023 come with an optical variable ND filter which allows operators to control the depth of […]
Another hurdle has emerged in the long-awaited merger between Zee Entertainment Enterprises (ZEEL) and Sony’s India business. Shares in ZEEL fell 4 per cent following news that ZEEL has asked for an extension to the deadline for the merger to take place, according to Reuters. Zee Entertainment said in separate regulatory filing on December 16th […]
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 […]