{"id":682,"date":"2021-12-23T03:49:22","date_gmt":"2021-12-23T03:49:22","guid":{"rendered":"https:\/\/www.charger-batteries.com\/blog\/?p=682"},"modified":"2021-12-23T03:49:22","modified_gmt":"2021-12-23T03:49:22","slug":"zee-sony-merger-will-create-an-indian-entertainment-giant","status":"publish","type":"post","link":"https:\/\/www.charger-batteries.com\/blog\/archives\/682","title":{"rendered":"Zee-Sony merger will create an Indian entertainment giant"},"content":{"rendered":"\n

Japanese conglomerate Sony’s Indian arm has finalised a deal with local rival Zee Entertainment to form the country’s second largest entertainment network.<\/strong><\/p>\n\n\n\n

The merged entity will include more than 75 television channels, film assets and two streaming platforms.<\/p>\n\n\n\n

It is poised to become a major player in the country’s fast-growing entertainment industry, challenging rivals such as Walt Disney’s Hotstar.<\/p>\n\n\n\n

India has more than 900 million TV viewers and some 800 channels.<\/p>\n\n\n\n

These channels offer a variety of shows ranging from sports, melodramas to reality television.<\/p>\n\n\n\n

As per the merger, which was announced on Tuesday, the combined entity will be nearly 51% owned by Sony Pictures Networks India (SPNI). It will be headed by Zee’s Chief Executive Officer Punit Goenka after a 90-day due diligence period.<\/p>\n\n\n\n

Mr Goenka called the deal a “significant milestone”.<\/p>\n\n\n\n

“The combined company will create a comprehensive entertainment business, enabling us to serve our consumers with wider content choices across platforms,” he said, according to an official release.<\/p>\n\n\n\n