Breaking ZEEL and Sony merger approved by ZEEL board; definitive agreements signed

[iDJ]

Even on the streaming side, Goenka said that the two over the top (OTT) platforms ZEE5 and SonyLIV will continue to run their businesses independently.

This is why I wasn't a fan of this merger. Two of the worst OTT service when it comes to both streaming and UI. They both needed to combine their content and come under one service with whole new app and upgraded servers. It shouldn't have been bad meets worse. Hopefully, they change their strategy in the future as when it terms to content. Zee5 has great and latest collection of movies which Sony Liv doesn't have. And Sony Liv has sports and top class originals which Zee5 doesn't.

 

[Shantanu]

This is why I wasn't a fan of this merger. Two of the worst OTT service when it comes to both streaming and UI. They both needed to combine their content and come under one service with whole new app and upgraded servers. It shouldn't have been bad meets worse. Hopefully, they change their strategy in the future as when it terms to content. Zee5 has great and latest collection of movies which Sony Liv doesn't have. And Sony Liv has sports and top class originals which Zee5 doesn't.

He also said "We cannot come together until the merger process is completed," and combining 2 services under one new app makes sense from business point of view as well.

 

[kskies2]

They both needed to combine their content and come under one service with whole new app and upgraded servers.

I think, over time, ZEE5 and SonyLIV will combine so they can compete with Disney+ Hotstar. At 2:19 in this Bloomberg video, Punit Goenka says, "Combining both Sony and Zee's content libraries is going to give us the edge to compete with the global platforms and the domestic platforms going forward."

 

[rahul1117kumar]

Zee - Sony Merger: Next Steps, Shareholder Approval And Counter Offers

The Zee-Sony merger will need to pass two thresholds of approval by shareholders of the listed company. Though, numerically, the outcomes of both are likely to be similar given the very low promoter shareholding in the company. For both, public shareholder support is critical.

In terms of key approvals needed for the merger;

Stock exchange, and Securities and Exchange Board of India approval.

Shareholder and creditor approval.

National Company Law Tribunal approval.

Competition Commission of India approval.

Ministry of Information and Broadcasting approval.

Third-party approval.

Some of these processes are expected to run in parallel, for instance the filing with the CCI is likely to happen concurrently with the process at the securities regulator. The scheme will then be filed with the NCLT, shareholder and creditor approval sought as well as the ministry's nod. When, and if, the merger is approved by the regulators and NCLT, shareholders of Zee will be issued shares of the merged entity after a brief trading suspension to allow for the merger to take effect.

Read more at: Zee - Sony Merger: Next Steps, Shareholder Approval And Counter Offers

 

[ak7777]

Zee - Sony Merger: Next Steps, Shareholder Approval And Counter Offers

The Zee-Sony merger will need to pass two thresholds of approval by shareholders of the listed company. Though, numerically, the outcomes of both are likely to be similar given the very low promoter shareholding in the company. For both, public shareholder support is critical.

In terms of key approvals needed for the merger;

Stock exchange, and Securities and Exchange Board of India approval.

Shareholder and creditor approval.

National Company Law Tribunal approval.

Competition Commission of India approval.

Ministry of Information and Broadcasting approval.

Third-party approval.

Some of these processes are expected to run in parallel, for instance the filing with the CCI is likely to happen concurrently with the process at the securities regulator. The scheme will then be filed with the NCLT, shareholder and creditor approval sought as well as the ministry's nod. When, and if, the merger is approved by the regulators and NCLT, shareholders of Zee will be issued shares of the merged entity after a brief trading suspension to allow for the merger to take effect.

Read more at: Zee - Sony Merger: Next Steps, Shareholder Approval And Counter Offers

Other approvals may go easily only the shareholder approval may be the problem. But if SPN ensures smooth practices then The Merger Is a Hit

 

[rahul1117kumar]

After the Zee-Sony merger, entertainment is a 3-cornered fight

Sony as a broadcaster in India has always been a distant third behind Star and Zee, even though it kicked off in the late 1990s. Sony has tried everything. It bought out KBC rights, and went aggressively after cricketing properties. However, it failed to achieve the audience following Star and Zee have. The takeover of Zee and the emergence of a unified programming of over 100 channels, with combined revenues of over $2 billion will be a game changer. What’s worked in favour of Sony is it has stayed the course. It has bet on the Indian market with the belief that it is tough but it will ultimately pay back. This is quite the opposite of the other international entertainment behemoth Viacom, who played around for a decade, got fed up and exited selling its interests in 2018 to its partner, the Mukesh Ambani-owned TV18 Group.

However, SPNI also knows that you cannot forever be No.3 in the race. In a niche business like entertainment, after the spoils - ad and subscriber revenue - is divided among the two big players, there is very little left. That is why it has opted to weather the hostile bid by the Invesco Group, Zee’s largest shareholder. In fact, the legal battle is still far from over. If the merger finally goes through, Sony has a lot to gain.

After the Zee-Sony merger, entertainment is a 3-cornered fight

The market was expecting the merger and it finally happened. Zee Entertainment Enterprises (ZEEL) and Sony Pictures Network India (SPNI), a couple of days ago,

www.newindianexpress.com

 

[Shantanu]

This merger can either be beneficial for &TV by complete revamp of channel or a shutdown by shifting successful properties to other channels.

 

[rohan74]

This merger can either be beneficial for &TV by complete revamp of channel or a shutdown by shifting successful properties to other channels.

Some of the sony sab and Sony TV deserving or most demanding serials like Balveer, Jijaji Chhat Par Hai, Aladdin, Fir, CID, Crime petrol new seasons should bring back and telecast on &TV so that the channel can get good TRP

 

[Roleplayer]

They dont airing old Aahat . Really call them id*ot.

 

[Sparker0i]

entertainment behemoth Viacom, who played around for a decade, got fed up and exited selling its interests in 2018 to its partner, the Mukesh Ambani-owned TV18 Group.

When did this happen?