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Sony Pictures Merges With Zee Entertainment, Know Everything About The Merger News, Price And What It Means For Sports Broadcasting In India

Sony Pictures Merges With Zee Entertainment, Know Everything About The Merger News, Price And What It Means For Sports Broadcasting In India

Sony Pictures Networks India Pvt Ltd. (SPNI) and ZEE Entertainment Enterprises Limited (ZEEL) announced their merger on September 22, 2021, know the news and price

With Mr. Punit Goenka continuing as the Managing Director and CEO, Sony Pictures will hold a 52.93% stake, whereas Zee Entertainment has agreed to hold a 47.07% stake in the merger.

Unanimous approval was given by the Board of Directors of Zee Entertainment Enterprises Limited (ZEEL) and Sony Pictures Networks India (SPNI) for a merger on September 22, 2021. Zee Entertainment Enterprises is a media group that comes under Essel Group Headquartered in Mumbai. Sony Pictures Networks India Pvt Ltd. is an auxiliary of Sony Group Corporation.

Valuation Of The Sony-Zee Merger 

SPNI will likewise mix increasing capital into SPNI as a feature of the alliance with the end goal that SPNI has roughly $1.575 billion at closing. With the proposed agreement of development capital into SPNI, the merger proportion will be 47.07% held by ZEEL investors and the leftover 52.93% of the alliance being held by SPNI investors.

” The board has assessed the merger on monetary boundaries as well as on the essential worth which SPNI brings to the table. The board concluded that the consolidation will be to the greatest advantage of the multitude of investors and partners.” Zeel announced in a statement.

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The statement also added that the investors of SPNI will hold a larger part stake in the alliance. The investors of ZEEL and SPNI have gone into a non-restricting term sheet to consolidate the two organizations’ networks, advanced resources, creation tasks and program libraries.

What Impact Will The Merger News Have On Sony’s Sports Channels And Telecast In India

SPNI, a unit of Japan’s Sony Corp, works 26 channels after it added two new ones in the sports sector whereas Zee has 49 channels.

Zee has a presence in more than 173 nations and a range of more than 1.3 billion viewers globally. The Indian viewership is more than 600 million people consistently, while Sony contacts more than 700 million watchers in India and is accessible in 167 nations.

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Online Streaming Platforms

The two organizations have online platforms – ZEE5 and SonyLIV. With regards to Sony, the organization has quite a few sports broadcasting channels on board.

Cricket

The telecaster for the India Tour Of Australia cricket series this year saw near 75 million watchers on Sony Sports TV stations just for the test series. By and large, the India Tour Of Australia was watched by in excess of 100 million viewers on TV.

Tokyo Olympics 2020

Sony had additionally circulated the Tokyo Olympics which recorded 69 million watchers in India in its initial week.

Wrestling

Alongside cricket, Sony offers sports properties including WWE (World Wrestling Entertainment) and UFC (Ultimate Fighting Championship), among others.

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In conclusion, Zee and Sony will make the biggest viewership merger in India with a combined viewership share of 26%. Zee will have an 18% viewership share while Sony will have an 8% viewership share.

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Tanveer Deodhar

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