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 […]

India’s Competition Commission (CCI) has finally approved the merger between ZEE Entertainment Enterprises (ZEEL) and Sony Pictures Network India. However, the CCI has required modifications to the original $10 billion merger plan announced in December 2021. Sony’s India trading is now known as Culver Max Entertainment. The deal sees Sony own 50.86 per cent of […]

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 […]