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 […]
Sony’s Indian subsidiary remains firmly committed to the long-awaited merger with Zee Entertainment notwithstanding the challenges of regulators and court interventions on two directors of Zee. Sony Pictures Entertainment, in its first official statement on the problems with Zee, said it takes seriously the ban on the two directors (Subhash Chandra and Punit Goenka) and […]
Local reports out of India say that Sony’s board of directors are increasingly unhappy with the planned merger between their Indian assets and those of Zee Entertainment. One problem came from The Securities & Exchange Board of India (SEBI) which has ruled that ZEEL’s Subhash Chandra and Punit Goenka cannot have seats on the merged […]
The long-awaited merger between Zee Entertainment Enterprises Ltd (ZEEL) and the former Sony Pictures Network (now renamed Culver Max Entertainment) is again suffering major challenges. The latest problem came from The Securities & Exchange Board of India (SEBI) which has ruled that ZEEL’s Subhash Chandra and Punit Goenka cannot have seats on the merged company’s […]
The long-awaited merger between Zee Entertainment Enterprises Ltd (ZEEL) and Sony Pictures Networks India faces another hurdle before the agreement can be wrapped. India’s SEBI (Securities & Exchange Board of India) regulator has asked for more information and has requested the Bombay Stock Exchange and New York exchange as well as the National Company Law […]
The on/off merger talks between Zee Entertainment Enterprises (ZEEL) and Sony Group have resumed. ZEEL is in advanced talks with its creditors in order to settle debts and remove one remaining problem with its sale to Sony Pictures Networks India (SPNI) a wholly-owned subsidiary of Sony Corp. ZEEL owes $18.1 million to ISBI Bank, and […]
The much-delayed merger between India’s Sony and Zee Entertainment (ZEEL) has not – yet – hit the buffers. Zee’s MD Punit Goenk has said that he expects a timely completion of a merger. However, ZEEL told a tribunal on February 24th that its merger with Sony’s India division will “get stuck” due to the initiation […]
Zee Entertainment Enterprises (ZEEL) has received almost 100 per cent shareholder approval for its proposed merger with Sony Pictures Networks India. The special shareholder meeting had been held under directions of India’s National Company Law Tribunal. A ZEEL statement later confirmed that the Sony proposal had achieved 99.99 per cent approval, and that the plan […]
ZEE5 Global, the largest streaming platform for South Asian content, is set to premiere the much talked about film, The Kashmir Files, on May 25th in Europe, including the UK. After receiving a record-breaking success at the box office, The Kashmir Files has recently broken records for its digital debut with the highest numbers in […]
ZEE5 Global, the streaming platform for South Asian content, has announced the World Digital Premiere of Bollywood’s biggest sci-fi action film, “Attack: Part 1” on ZEE5 on 27th May. Starring John Abraham, Jacqueline Fernandez and Rakul Preet in lead roles, Attack is the first Indian super soldier film with high-octane action, romance, and drama. Directed […]