They have to renew it they don't have any other option. Goldmines has launched their movie channel so now They have to ramp up Bollywood space. Besides T-Series and VVC. Sony only has active partnerships with Goldmines, NH Studioz and BR Films(if they are the sole producers). There is ABCL and Goldie Behl but they are once in a while makers. SPN is ramping up its productions to ensure content. Firoz Nadiadwala too is coming on July
SPNI is not even giving adequate airtime to its own productions let alone much off offbeat stuff or classic cinema lying idle. Hope all the classic or offbeat stuff moves to star as most of its rights r with Shemaroo or banners which star is now pursuing deals. Well for that matter now Goldmines even giving Star much of content rather than being exclusive partner of Sony.
I hv been requesting sony since ages to please give bollywood adequate place on chs but no major changes happened and as i was making out banners must have felt unhappy with so many of their films not getting visibility so shifted to rival networks. YRF had such strong bond with Sony, stayed together for over 20 yrs without a formal agreement as i had read somewhere just bcoz of mutual respect but really so many of their films which deserved massive audience never got proper oppurtunity on sony