Indian watchdog approves Sony-Zee merger

The merger of Zee Entertainment Enterprises and Sony’s Indian unit has been approved by the country’s competition watchdog. The merger, first announced in December 2021, appeared to be on the rocks last month when the Competition Commission of India (CCI) said that the US$10 billion combined entity would have “unparalleled bargaining power” and launched a […]

Augustus Media’ Smashi to join Zee’s Weyyak offering

Middle Eastern outfit Augustus Media and Zee Entertainment have teamed up to forge a streaming partnership that will see Zee’s Weyyak Platform integrate Augustus Media’s business tech streaming service, Smashi. Smashi is an Arabic live streaming service covering innovative products, services, and technologies. Weyyak is a freemium VOD platform from Zee Entertainment Enterprises Limited targeting […]

Under-fire Zee CEO defends company against Invesco assault

The CEO of Indian media giant Zee has said that the ongoing spat with shareholder Invesco is to preserve the company’s future. Investment firm Invesco, which owns 17.88% of Zee, earlier this week published a letter to investors where it called on shareholders to revolt against the media company over its governance and the proposed […]

Zee accuses Invesco of hypocrisy in criticism of Sony merger

Indian media company Zee has shot back at major shareholder Invesco as the companies continue to trade blows. Invesco, which along with OFI Global China Fund LLC owns 17.88% of Zee’s shares, has been highly critical of Zee’s governance and financial dealings. Earlier this week, the company published an open letter to Zee’s shareholders where […]

Invesco doubles down on Zee criticisms, calls on shareholders to revolt

Investment firm Invesco has lashed out against the proposed merger between Indian media giant Zee and Sony Group. Announced last month, Sony Pictures Networks India (SPNI) announced a deal to take control of Zee Entertainment. The proposed merger would combine both companies’ linear networks, digital assets, production operations and programme libraries, with Sony Pictures Entertainment […]

Zee founder accuses Invesco of hostile takeover plot

Subhash Chandra, the founder of Indian media giant Zee, has dramatically accused Invesco of plotting a hostile takeover. Appearing on the company’s Hindi news channel Zee News, he claimed that Invesco, which is currently Zee’s largest investor, is pushing to takeover the company. He said: “I urge Invesco to behave like a shareholder not like […]

Sony Pictures Networks India to merge with Zee Entertainment

Sony Pictures Networks India (SPNI) has struck a deal to take control of Indian media giant Zee Entertainment. SPNI and Zee Enterprises Ltd. (ZEEL) have signed up to an exclusive, non-binding agreement to combine both companies’ linear networks, digital assets, production operations and programme libraries. The combined company would be a publicly listed company in […]

Zee moves into Poland with Bollywood channel launch

Zee Entertainment is moving into Poland with the launch of a customised version of its dedicated Bollywood film and entertainment channel, Zee.One. The channel will offer Bollywood content, specially customised for Polish audiences, and will feature high-budget movies and series. Zee has also appointed NBCUniversal’s former head of affiliate sales for Poland, Pawel Kolasa, as […]

Zee buys channels as Reliance exits general entertainment TV

Zee Entertainment Enterprises has acquired a pair of channels from Indian compatriot Reliance Capital, confirming the latter’s exit from general entertainment broadcasting. The agreement hands Indian broadcaster Zee the Big Magic and Big Ganga networks, plus hour other TV licences. Big Magic is a comedy channel for the Hindi-speaking markets, while Big Ganga is a […]

Sony Pictures Networks acquires India’s Ten Sports Network

Sony Pictures Networks India is to acquire Ten Sports Network from Zee Entertainment Enterprises for US$385 million (€345 million). Sony said the acquisition would add South Asia’s leading sports network to its existing portfolio of channels. The channels being acquired include Ten 1, Ten 1 HD, Ten 2, Ten 3, Ten Golf HD, Ten Cricket and […]