Advanced Television

ZEEL

ZEE, Sony Indian merger approved

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 […]

October 6, 2022By Chris Forrester

ZEE5 Global the platform of choice for South Asians in US

It’s been nearly eight months since ZEE5 launched in the US, and it has already surged ahead in the market driving strong revenue and engagement growth across the board. As the second-largest market for ZEE5 after India, the US is already the largest contributor to the platform’s international subscription revenue and viewership. The platform has […]

February 28, 2022

Sony, Zee merger agreed

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 […]

December 22, 2021By Colin Mann

CEO complications at Zee/Sony India combo

Punit Goenka, the eldest son of Zee’s founder Subhash Chandra, was expected to be the new CEO at the merging Zee Entertainment/Sony Pictures entertainment giant. However, an existing major shareholder in Zee, Invesco Fund with an 18 per cent stake, is objecting and has called an Extraordinary General Meeting (EGM) to pursue not only a […]

September 27, 2021

ZEEL to invest 7% of profits into ZEE5

Subhash Chandra’s Zee Entertainment Enterprises (ZEEL) looks set to commit 7 per cent of its operating profits (EBITDA) into its growing ZEE5 streaming service. Punit Goenka, MD at ZEEL, says that the company is not concerned about closing some specialty channels because audiences are shifting to streaming services. Addressing the changes in strategy, Goenka said: […]

August 4, 2020By Chris Forrester