Entertainment

Zee to Merge With Sony Pictures India – The Hollywood Reporter

Zee Entertainment Enterprises and Sony Pictures Networks India are set to merge creating a brand new content material powerhouse in India.

The businesses introduced on Wednesday that they’ve entered unique merger talks that can mix each their linear networks, digital belongings, manufacturing operations and program libraries.

The deal brings collectively Zee’s power in linear tv, in addition to its pursuits in print, web, movie manufacturing, cellular content material and its 4,800 movie library that can mix with SPNI’s movie and tv manufacturing and its leisure and sports activities tv networks.

The proposed merged entity will likely be lead by present Zee CEO Punit Goenka. Sony Footage Leisure, the mum or dad firm of SPNI, will maintain a majority stake within the mixed firm.

The mixed firm’s board of administrators would come with administrators nominated by Sony Group, with the group having the best to appoint the vast majority of the board members.

Sony Footage Leisure will inject capital into SPNI, roughly $1.575 billion, as a part of the expansion plan for the brand new entity that features constructing out its digital platforms and bidding for sports activities rights.

https://www.hollywoodreporter.com/enterprise/business-news/zee-to-merge-with-sony-pictures-india-1235018372/ | Zee to Merge With Sony Footage India – The Hollywood Reporter

TaraSubramaniam

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