Breaking Sony is in talks to buy a stake in Network18

[krohng]

News is out.
Sony entertainment India completely merges itself with India's fastest growing entertainment company Viacom18. After getting final nod from ViacomCBS which owns 49% and thus becoming major share holder in jointly owned entity.
This would put viacom18 having 3 strategic partners or investors.
1. Viacomcbs - 49%
2. Sony ent. - 38% ( approx )
3. Reliance Corp - 13% ( approx )
However every one is eager to get final revised announcement on how consolidate has worked

Is the merging approved by the government?

 

[Aksgr]

Is the merging approved by the government?

If it had happened they would have called press meet and announced.
Waiting for approval

 

[vinit]

If that deal Approved by Govt

So we can see Some new Changes in future

 

[SarFa]

If that deal Approved by Govt

So we can see Some new Changes in future

Yes definitely

 

[Basil]

Deals are announced before CCI approval I believe. You can refer to Dish D2h or Jio Platforms stake sales. All announcements come before going to CCI.

 

[Detective Conan]

Hope it doesn't ends up deteriorating shows quality in Sony india tv channels

 

[Rajpatil98]

So it means ipl will be again with star after 2022

 

[ak7777]

I never SAID ZEE will merge with Star. WHAT I MEANT IT WILL BE UNFAIR TO OTHER NETWORKS as The merge entity of Sony-TV18 is bad for GEC. I don't have problems with any other assets. If they dissolve any of Channels of hindi language. It would be good. But really truth is truth they can't create a monopoly.

Disney is a huge network although they have less presence in GEC. Forming opposition against Disney was needed in Indian market

 

[greylala91]

The future depends on how much stake each company gets. I think its good with Sony having a controlling stake in this JV

 

[RdX]

So it means ipl will be again with star after 2022

Disney/Star will bidding any media sports rights any price till auction going end