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 […]
The merger between Zee Entertainment Enterprises (ZEEL) and Sony Pictures Network India is back on track. Local reports say it should complete by around March 2024. However, the merger has beset by numerous challenges – not least allegations of financial misconduct and extremely close inspections by regulators and still running are investigations by the Securities […]
Latin American marketplace Mercado Livre has launched a streaming aggregator service for its 77 million customers in Brazil. Mercado Play results from a partnership with the Disney+, Star+, HBO Max, and Paramount+ streaming platforms. It provides free access to around 1,600 titles, with 6,000 hours of content, including movies, TV series, documentaries, and reality shows. […]
Dolby Labs has reported its Q3 numbers with revenue of $298.4 million (€272.7m). up from $289.6 million on the same period last year. However, cash flow from operations fell to $121.1 million from $172.6 million last year. “We continue to transform the way people enjoy their content,” said Kevin Yeaman, President and CEO, Dolby Labs. […]
WWE has announced its long-awaited return to India with WWE Superstar Spectacle at the GMC Balayogi Indoor Stadium (Gachibowli Indoor Stadium), Hyderabad, India, on September 8th. This will mark the first live event to take place in India since 2017 and the first-ever WWE live event to be held in Hyderabad. WWE fans in attendance […]
In a deal with Sony Pictures Television (SPT), Paramount+ has acquired the all-new action-comedy series Twisted Metal in Canada. The live-action adaptation of the PlayStation classic game series premieres in Canada exclusively on Paramount+ with all 10 episodes dropping August 10th. Paramount+ will be launching this series in other international territories to be announced at […]
EMG Germany is relying on Sony technology to renew its live production systems: The broadcast specialist for studio, field and post production based in Hürth, North Rhine-Westphalia, near Cologne, has commissioned two Sony XVS-6000 multi-format video mixers. The two video mixers replace the old control room system, two Sony MVS-8000Gs. EMG Germany primarily produces entertainment […]
India’s National Company Law Tribunal (NCLT) is reserving its order on the controversial merger plan between Sony’s India division and Zee Enterprises. Sony’s local business is Culver Max Entertainment and has been planning a merger with Subhash Chandra-backed Zee Entertainment Enterprises (ZEEL). NCLT is pausing so that the two parties can make further submissions to […]
India’s troubled broadcast merger between Sony’s India division and Zee Entertainment remains in a precarious position. A planned hearing by India’s Securities Appellate Tribunal (SAT) which should have happened on June 26th was scrubbed. The hearing would have given an opportunity for Subhash Chandra, chairman of Essel Group, and Punit Goenka (pictured), MD and CEO […]
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 […]