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Published: September 30, 2023
Updated: September 30, 2023
Sony Corporation of Japan is expecting a delay in the merger of its India business with Zee Entertainment Enterprises due to litigation over a loan default by Zee’s promoters.
IDBI Bank has already moved NCLAT to stop the merger until its debt of Rs 150 crore is paid off. The matter will be ultimately be resolved by the Supreme Court. The merger will create India’s largest enterainment network with a 25 per cent marketshare.
Interestingly, Disney is selling its India TV network operations and Reliance-owned TV18 is a top contender to buy the company. The coming consolidation in the industry will mean two large players — TV18-Star and Zee-Sony – will have half of the industry’s marketshare.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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