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

[RdX]

Zee will not middle in sports biz

I hope Sony should Return TEN Brand to Zee, Both Sony Sports and Ten Sports network channels Good presence on Sports Market, especially they should bring back Ten Cricket and Ten Sports

 

[Sushruth.V.H.]

Now, let us see how Viacom18 tries to compete with two big networks Disney-Star and Zee-Sony. Zee-Sony merger is definitely a greater merger than Sony-Viacom18.

Now, with Viacom18 acquiring different sporting events' rights, let us see how they compete with these two networks.

 

[Lurie]

OK to make profits they have merged, debts means zee lost money so merged to make money before they sink
Sony was also sinking in movies section

Zee didn't face loses. Loses were faced by Essel properties company owned by Goenka family. Same family controlled zeel, so they had to sell their shares. The new shareholders want Goenka to be removed. I hope you understand.


Sony is doing well. It hasn't faced loses despite running sports business. Please substantiate your views with facts or don't bring up your views as factual.

 

[PowerStar]

Viacom 18 is week entertainment section.i don't think they can compitate with other two.

 

[Slu]

What happens to NP Singh after this deal gets finalized?

NP Singh will fight in SC for NTO 2.0

 

[Sushruth.V.H.]

Zee Entertainment- Sony India merger: Here are the top highlights of the mega-deal

The ZEEL Board concluded that the merger will be in the best interest of all the shareholders and stakeholders and it is in line with ZEEL’s strategy of achieving higher growth and profitability as a leading Media & Entertainment Company across South Asia.

zeenews.india.com

NEW DELHI: The Board of Zee Entertainment has given in-principal approval to the merger between Zee Entertainment and Sony Pictures Networks India (SPNI) after several months of hectic deliberations. According to the deal, Sony Pictures Entertainment will infuse USD 1.575 billion in the merged entity. Punit Goenka will continue as MD & CEO of the merged entity.

-Zee Entertainment and Sony Pictures To Merge

-Board of Zee Entertainment has principally approved the merger between Zee -Entertainment and Sony Pictures Networks India (SPNI)

-Sony Pictures Entertainment will infuse $1.575 Billion in the merged entity

-Punit Goenka to continue as MD & CEO of the merged entity

-Post-merger 47.07% stake will be held by shareholders of Zee Entertainment

-Sony Pictures Networks to hold a 52.93% stake in the merged entity

-Merged entity will be a publicly listed Company

-Both companies agree to combine linear networks, digital assets, production operations and program libraries

-ZEEL & SPNI enter into exclusive non-binding term sheet

-Companies to conduct due-diligence process over next 90 days

-Existing promoter family of Zee will have the option to increase shareholding from the current 4% to up to 20% in the normal course of business

-Majority of the Board of Directors of the merged entity will be nominated by Sony Group

 

[Zaxotes]

Is it even a merger discussion on DreamDTH forums without anyone bringing up imaginary rebrands?

 

[Logesh @Its me]

Off topic

Then why r they merging,, actually they were profitable in few departments only like star and Viacom, zee was afraid so suddenly before Viacom got tied they tied knot and now they will live happily

I think u got jealous of Zony merge

God will help u

 

[Vadirocks]

Then why r they merging,, actually they were profitable in few departments only like star and Viacom, zee was afraid so suddenly before Viacom got tied they tied knot and now they will live happily

Tamil & Telugu Markets Are Very Bigger In India,

Sony & Zee Will Work Harder To Grab Top Positions On South

 

[Shantanu]

Tamil & Telugu Markets Are Very Bigger In India,

Sony & Zee Will Work Harder To Grab Top Positions On South

A better variety of programs can be expected on Tamil, Telugu,Marathi & Malayalam channels. Sony wanted regional channels from very long. Now both zee and sony has got what they were missing and they'll be at stronger positions in genres where there is overlap.