Advanced Television


Zee downgraded by analysts

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 […]

January 24, 2024

Sony, Zee both sue for compensation

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 […]

January 23, 2024By Chris Forrester

Zee, Sony merger called off

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 […]

January 22, 2024By Chris Forrester

Zee intends to conclude Sony merger

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 […]

January 11, 2024By Chris Forrester

Sony, Zee merger collapsing?

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 […]

January 9, 2024By Chris Forrester

ZEE asks for more time over Sony merger

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 […]

December 18, 2023By Chris Forrester

Sony-Zee merger goes down to the wire

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 […]

December 15, 2023By Chris Forrester

Sony-Zee merger at risk again

The on-off merger between tow Indian entertainment giant, Zee Entertainment Enterprises (ZEEL) and Sony Corp’s India production and broadcasting divisions is again at risk of collapsing. Local reports say that time is running out to conclude the agreement which – if successful – will create a $10 billion media giant. There are many unresolved issues, […]

November 30, 2023By Chris Forrester

Sony, Zee merger back on track

A major impediment to the closing of the long-awaited merger between Zee Entertainment and Sony’s Indian channel business has been removed. Indian regulator, the Securities and Exchange Board of India (SEBI), which had – in effect – banned Punit Goenka, the current MD/CEO at Zee Entertainment Enterprises (ZEEL) has been lifted after an appeal. Goenka […]

November 1, 2023By Chris Forrester

Sony, Zee merger to close in November?

The on/off and much-delayed merger plan between Sony Pictures India and Zee Entertainment Enterprises (ZEEL) could wrap during November according to reports out of Mumbai. The merger, which would create an entertainment and media giant in India, has been beset by legal problems and investigations by various regulators. Proposed back in 2021, the merged entity […]

October 18, 2023By Chris Forrester