Tata Play cited declining popularity and cost savings for consumers as reasons for the removal of Sony channels, while Sony claims this to be retaliation from the DTH operator
The Japanese tech conglomerate plans a partial spin-off of its financial unit with a listing in October 2025 in order to focus on its entertainment and chips units
To foreign investors, the Sony-Zee saga is a reminder of the need to approach Indian deals with an abundance of caution
The National Company Law Tribunal (NCLT) on Tuesday accepted a petition by a Zee Entertainment shareholder seeking the merger of its Indian entity with Sony, which was called off last week despite regulatory approvals. The Mumbai-bench of NCLT issued a notice on a petition moved by Mad Men Film Ventures, a shareholder of Zee Entertainment Enterprises (ZEEL), directing Sony Pictures Network India, now known as Culver Max, to file a reply within three weeks. Mad Men Film Ventures on Tuesday filed the petition requesting both ZEEL and Sony to implement the merger as it was approved by the NCLT in August 2023. The tribunal did not agree to the arguments made by the counsel stating that the approval by NCLT was conditional and depended on various conditions, which may be fulfilled or waived off in writing. NCLT has kept the next date of hearing on this matter on March 12. Last week, the Sony Group Corp called off the merger with ZEEL following a stalemate over who will lead the merged
While Sony's India head sought to rally the morale of his employees in a letter Wednesday, it was thin on details on how it plans to fend off rivals
Last month, the two companies were given a one-month grace period to close the merger of their India operations
The grace period, as well as the talks on a further deadline extension, are keeping hopes alive for a two-year-old transaction that has already seen ample drama and delays
The request to extend the deadline comes just a day after two independent directors were unable to secure the re-appointment of the company's board
The National Company Law Appellate Tribunal (NCLAT) on Thursday adjourned the hearing to October 13 on a plea filed by Axis Finance against the merger of Zee Entertainment Enterprise Ltd (ZEEL) with Culver Max Entertainment, formerly Sony Pictures Networks India. The appellate tribunal on Friday will hear another plea filed by private lender IDBI Bank, which has also challenged the August 10, 2023, order of the Mumbai bench of the National Company Law Tribunal (NCLT) approving the merger. Counsel appearing for Axis Finance requested the tribunal to adjourn the matter to Friday when it will hear the same petition filed by IDBI Bank. During the proceedings, senior advocates Mukul Rohatgi and Arun Kathpalia - both representing ZEEL questioned the locus standi of Axis Finance to file such a petition and opposed passing any order. They also objected to the adjournment as IDBI's case arose out of a different set of facts, however, the appellate tribunal deferred the hearing of the case .
Sharks are back with another season of Shark Tank India. Shark Tank India's official Instagram account shared the information. The show is likely to start in December or January
In 2018, Star Sports won the BCCI TV and digital rights for Rs 6,138.1 crore. It had outbid Reliance and Sony to win the media rights.
With stars like Neymar, Ronaldo, Jordan Henderson and N'golo Kante playing in the Saudi Pro League, Indian fans can watch them on Sony Sports Network for the next two seasons
Based on the success of Shark Tank India's first season, Sony had stated in March that it wanted to bring some international show formats both unscripted and scripted to Shark Tank India season 3
CEO Yoshida said that India has become the most populous country in the world and this has created innumerable opportunities for growth and this is especially true for the entertainment industry
The identity of Zee channel offered to shut down is not known yet
The per-match value for IPL has touched $13.5 million (or Rs 105 cr), which is second only to America's National Football League, which costs a broadcaster $17 million (Rs 132.26 crore) per match
On the higher side, the resistance comes in at Rs 400 and Rs 475 levels from a medium-term perspective
The Live telecast of England vs Pakistan third Test will be available on Sony Six HD and Sony Six. The toss will take place at 3:00 pm IST
The ODI series between England and Ireland will also mark the beginning of the inaugural edition of the ICC World Cup Super League
Channel says deal helps it sustain a robust calendar with 1,000 days of cricket over 4 years; reduces dependence on BCCI media rights