The redrawing of the media map

Just like in publishing and music, a new set of companies would increasingly dominate films and TV as well

Last week, two Indian broadcast majors, Sony and Zee, signed what was arguably one of the biggest media deals in India. If all goes well, in 90 days, Sony-Zee will become a combined entity with a 28 per cent share of TV viewership, Rs 14,000 crore in revenue and a decent-sized film and OTT business. That is a big if given shareholder moves to oust current Zee Entertainment CEO Punit Goenka. Nevertheless, if the duo merge, Sony, which is part of the eponymous $82.5 billion giant, will put in $1.57 billion as investment into the new company. That means lots