Discussion Sony officially announces termination of Zee merger

  • Thread starter Thread starter Aksgr
  • Start date Start date
  • Replies Replies: Replies 226
  • Views Views: Views 44,278
Thank God! Looks like they also watched 3 Id!iots yesterday. Sadly, Zee is 100 millions dollar richer.
Sony don't have to pay anything as per last extension clause. But zee have to pay 200 million dollar to Disney for termination of icc tv rights deal.
Sony should now focus on india movie production arm. Seems like they put on hold on this. Also sony announced adult animated shows. Hope they will come out soon
 
Last edited:
Punit Goenka 's ego and his stubborn attitude made this happen. Bad news for both the companies. I hope Mr. Goenka is happy now.
 
Termination letter
gaZlQiF.jpg
 
Sony may have had to pay Zee a $100 million termination fee as part of the original agreement, but this may no longer be the case as the penalty cause has expired. But there is still the risk that they could be sued by Zee or its shareholders.

 
Indian media conglomerate Zee Entertainment said it will take legal action against Japan-based Sony Group following the termination of merger plans which would've created India's largest broadcasting company.
 
Indian media conglomerate Zee Entertainment said it will take legal action against Japan-based Sony Group following the termination of merger plans which would've created India's largest broadcasting company.
worst network ever, shares will fall
 
Back
Top Bottom