Discussion Sony officially announces termination of Zee merger

[Ashok Varma]

They r in loss bcoz of Sports Rights Investment Cost being high and same not yielding desired returns otherwise both TV and OTT business of Disney-Star is growing and profitable....both subscription and ad revenues r up compared to last fiscal/year even though same is not the case for many other broadcasters......please atleast understand the details of their financial report card before making such statements

They are facing difficulty for earn subscription revenue after Jio's disruption with free OTT. Broadcasters should know to get revenue from subscription and ad revenues are equal mode, otherwise they can face losses.

 

[dino29]

They are facing difficulty for earn subscription revenue after Jio's disruption with free OTT. Broadcasters should know to get revenue from subscription and ad revenues are equal mode, otherwise they can face losses.

Yes buddy, in certain cases both subscription + ad revenue is needed and its ratio varies depending on requirement but Freemium business model also works well incase of most OTT platforms or even linear TV Channels just that proper customization in doing so for each genre/medium is required to reach out to wider audience and get positive outcome

 

[rohan74]

Off Topic:
Both Sony and Sun TV are in talks to pick up a strategic stake in the southern video streaming platform

After spurning Zee, Sony sets sights on aha

Both Sony and Sun TV are in talks to pick up a strategic stake in the southern video streaming platform

www.livemint.com

 

[Aksgr]

Chandra not cooperating in Zee fund diversion probe, Sebi complains to SAT

Reports say the financial discrepancy in the accounts of Zee Entertainment likely exceeds $240 million, or around ₹2,000 crore, an amount nearly 10 times more than what Sebi investigators had initially estimated

www.livemint.com

 

[StoriesWithPK]

Chandra not cooperating in Zee fund diversion probe, Sebi complains to SAT

Reports say the financial discrepancy in the accounts of Zee Entertainment likely exceeds $240 million, or around ₹2,000 crore, an amount nearly 10 times more than what Sebi investigators had initially estimated

www.livemint.com

Invesco got out quickly as they got the chance. Other shareholders would've done the same.

 

[stiwari]

Sony formally withdraws Zee merger application from NCLT

Sony had terminated its two-year-long merger talks with Zee on 22 January, putting an end to the process that would have created a $10 billion media behemoth

www.moneycontrol.com

Sony Pictures Networks India on Thursday withdrew the merger application it had filed with the National Company Law Tribunal (NCLT) for the merger of its business with Zee Entertainment Enterprises Ltd (ZEEL), sources aware of the development told Moneycontrol.

 

[Ajay.]

Sony challenges Zee Entertainment's plea on merger enforcement

Sony Group has reportedly moved to the NCLT and challenged the Zee Entertainment's plea on merger enforcement. The NCLT is set to hear the plea on March 12

www.livemint.com

 

[Sankalp]

Sony Sun merger can happen in future? Say Yes or no with reason?

 

[ab666]

ZEE to withdraw merger implementation application from NCLT against Sony

This decision to withdraw the implementation application will enable the company to continue to aggressively pursue all its claims against Sony in the ongoing arbitration proceedings at the Singapore International Arbitration Centre (SIAC) and in other forums, Zee said

www.moneycontrol.com

 

[Shark]

Zee Entertainment incurred Rs 432 crore in merger-related costs during 2023-24 and 2022-23 on its failed merger deal with Sony Group Corporation's India media unit, Culver Max Entertainment, showed regulatory filings.

Zee shelled out Rs 432 crore on failed merger with Sony unit

Zee Entertainment faced significant merger-related costs due to a failed deal with Culver Max Entertainment. The company also dealt with impairment charges, headcount reduction, arbitration cases, and demands for termination fees and compensation for damages.

m.economictimes.com