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Breaking ZEEL and Sony merger approved by ZEEL board; definitive agreements signed
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rahul1117kumar
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Zee + Sony deal is exactly the same as Vodafone + Idea deal. Reason for merger is also similar. Will the outcome be the same? Fingers Crossed
Lurie
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How do you say reason is similar and Sony+ Zee deal is as same as vi?
Both these companies— zee and Sony— do not have financial troubles. Zeel had management issue and Sony has been looking for an expansion for quite some time.
Zeel's management issue stemmed from the debts of Essel which forced the promoter to sell his stakes to become minority shareholder, but the company per se never had any financial problems.
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Lurie
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Moreover, with Punit Goenka becoming the CEO of the merged entity for next five years with the right to increase his shares from 4 to 20 percent, the impasse zeel had in their management is sorted.
rahul1117kumar
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NP Singh to hold leadership role on combined Zee-Sony's board of directors: Ravi Ahuja
Sony Pictures Networks India (SPNI) MD and CEO NP Singh is expected to hold a leadership role on the combined Sony-Zee entity's board of directors, Ravi Ahuja, Chairman, Global Television Studios and Sony Pictures Entertainment Corporate Development, has said in an internal email to employees.
Ahuja also praised NP Singh's leadership for building the company. “Today’s agreement with ZEEL would not have been possible if not for the strength and market prominence of SPNI, and the outstanding leadership of NP Singh, SPNI’s MD and CEO. NP has been with SPNI for over 20 years and has worked tirelessly with his excellent teams to build SPNI into what it is today. As you can see in the press release, Sony is firmly committed to investing in India. SPE will have a majority stake in the combined company, and we expect that NP will hold a leadership role on its board of directors,” the email reads.
Merger with Zee will bring together strongest leadership teams in media business: Sony Pictures
Sony Pictures is committed to investing in India and would hold a majority stake in the merged company, said Ravi Ahuja.
www.moneycontrol.com
Aksgr
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Just tried how it would lookZee network will have this phrase attached under their logo very sooner, like this.
Amit1079
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Me jealous impossible
Iam more excited because somewhat its connected indirectly to dishd2h
Iam waiting for 3rd merge adtv and dishd2h
Pls u don't b jealous of adtv dishd2h merge if it really happens
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Just in few hours these changes came live
Remember the days when Sony TV was trying to merge with Viacom 18. With this hopefully ZEE TV standard will increase.
- ZEE TV become secondary channel of Sony TV
- Sony Pictures Network is the most successful TV network on TV in just few hours leaving Disney Network behind
- Sony TV own the most GEC, Movie, News, Regional and HD channels.
Remember the days when Sony TV was trying to merge with Viacom 18. With this hopefully ZEE TV standard will increase.
Aksgr
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So & TV brand would be limited to youth and English gener ( premium ) and zee would be used as secondary brand.
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