Most observers do not expect there to be any resurrection of the Zee merger with Sony’s India assets. Consequently Zee Entertainment says it is to examine and review its entire structure. The aim is to focus on those divisions and elements that are the most profitable. CEO Punit Goenka told analysts that he would be […]
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 […]
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 […]
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 […]