Zee Entertainment Signs a Merger Deal With Sony Pictures Networks

Quint Entertainment
Updated ·1 min read

Zee Entertainment and Sony Pictures Networks India have signed a merger deal, as per a regulatory filing by the media company to the stock exchanges on 22 September, reported NDTV. The report also states that in a board meeting held on Wednesday, Zee Entertainment's board of directors approved the merger between Sony Pictures Networks India and Zee Entertainment Enterprises Limited (ZEEL).

Punit Goenka will continue to be the managing director and CEO of the entity. The NDTV report adds that Sony Pictures will have the right to appoint the majority of directors.

A statement by Zee Entertainment reads that Zee will hold 47.07 per cent, while Sony Pictures will have a majority stake of 52.93 per cent in the merged company.

"The Board believes that this merger will further benefit ZEEL. The value of the merged entity and the immense synergies drawn between both the conglomerates will not only boost business growth but will also enable shareholders to benefit from its future successes,'' R. Gopalan, Chairman, Zee Entertainment, said in a statement.

Also Read: 'KGF Chapter 2' South Satellite Rights Sold For a Record Price to Zee

. Read more on TV by The Quint.Zee Entertainment Signs a Merger Deal With Sony Pictures Networks'Who Radicalised Them?' Owaisi Asks After Hindu Sena Allegedly Attacks His Home . Read more on TV by The Quint.

  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Q1 2024 Chemed Corp Earnings Call

    Q1 2024 Chemed Corp Earnings Call

  • Q1 2024 A O Smith Corp Earnings Call

    Q1 2024 A O Smith Corp Earnings Call

  • National Immunization Awareness Week includes COVID

    On Friday, April 19th, the Saskatchewan Health Authority advised that from April 8 and continuing until June 30, 2024, some Saskatchewan residents will have access to an additional dose of the XBB.1.5 COVID-19 vaccine (the Omicron subvariant that emerged in early 2023) if it has been six or more months from their last XBB.1.5 COVID-19 vaccine dose or COVID-19 infection. The following groups that are identified as being at high risk of severe COVID-19 illness and outcomes are eligible for this ad

  • NFL Draft: 'All-in' Cowboys trade down with Lions, select Oklahoma OT Tyler Guyton

    The Cowboys will now select No. 29 in the first round instead of 24th.

  • BOJ keeps rates steady, projects inflation staying near 2% in coming years

    The Bank of Japan kept interest rates unchanged on Friday and issued fresh estimates projecting inflation to stay near its 2% target in the next three years, signalling its readiness to hike borrowing costs later this year. As widely expected, the BOJ maintained its short-term interest rate target at a range of 0-0.1% in a unanimous vote. In fresh quarterly forecasts, the board projected inflation, as measured by an index stripping away the effect of fresh food and fuel costs, to hit 1.9% in the current fiscal year that began in April, followed by 1.9% in fiscal 2025 and 2.1% in 2026.

  • Buccaneers add offensive line help, select Duke C Graham Barton in NFL draft

    The Tampa Bay Buccaneers bolstered their offensive line on Thursday night, addressing a need by selecting Duke center Graham Barton with the 26th pick in the NFL draft. The Bucs are coming off a third consecutive NFC South championship and a franchise-record fourth straight playoff appearance. With Baker Mayfield leading the way as the successor to Tom Brady at quarterback, the team won five of six games heading into the postseason, where they beat the Philadelphia Eagles in a wild-card matchup before losing to the Detroit Lions in the NFC divisional round.

  • German unemployment seen rising to highest level in almost a decade

    Germany's economic weakness is finally taking a toll on the labour market, with the number of unemployed workers expected to rise to the highest level in almost a decade, according to a study by the German Economic Institute (IW). The study, which was seen by Reuters ahead of its release on Friday, showed that unemployment will rise to an average of just under 2.8 million this year, the highest level since 2015. However, that figure is well below the peak in 2005, when almost 4.9 million people were unemployed and Germany was considered the "sick man of Europe."

  • Q1 2024 DTE Energy Co Earnings Call

    Q1 2024 DTE Energy Co Earnings Call

  • Chiefs add explosive receiver by taking Xavier Worthy in first round of NFL draft

    Xavier Worthy ran the fastest 40-yard dash time in NFL scouting combine history. Now, the speedy WR is joining the defending-champion Chiefs.

  • Arizona Cardinals select WR Marvin Harrison Jr. at No. 4, edge rusher Darius Robinson at No. 27

    TEMPE, Ariz. (AP) — Arizona Cardinals general manager Monti Ossenfort played the riverboat gambler in his first draft last season, wheeling and dealing picks during the first round at a dizzying pace. This time around, he didn't need to get fancy. The Cardinals selected receiver Marvin Harrison Jr. with the No. 4 overall pick in the NFL draft on Thursday night, hoping the Ohio State star can be the team's leading playmaker for quarterback Kyler Murray. “Kyler’s awesome,” Harrison said. “You look

  • Kansas City Chiefs pick Texas WR Xavier Worthy in Round 1 of 2024 NFL Draft. What to know

    The NFL combine star is making his way to Sundays in a haste. Here's what to know about the speedy wide receiver.

  • Missouri Tigers’ Darius Robinson picked 27th overall in Round 1 of 2024 NFL Draft

    The Arizona Cardinals selected former Mizzou defensive lineman Darius Robinson 27th overall on Thursday night in Detroit.

  • Teachers to Vote on Contract Offer

    Saskatchewan’s teachers will voice their opinion on the contract terms offered by the government in two weeks’ time on May 8th and 9th. In public statements made by Minister of Education, Jeremy Cockrill, he described the offers made as a “tentative agreement” while STF President, Samantha Becotte, called it a “final offer” saying that throughout the two days of meetings held last week, the teacher’s bargaining committee was told time and again that this was the final offer by the GTBC (Governme

  • Africa's week in pictures: 19-25 April 2024

    A selection of the week's best photos from across the continent and beyond.

  • Quarterbacks Williams, Daniels, Maye, Penix, McCarthy and Nix selected in top 12 of NFL draft

    DETROIT (AP) — Caleb Williams swiftly walked on stage, looked out and screamed “Woooo! Yeah!” Long-suffering Bears fans felt his joy. Williams is heading to the Windy City, aiming to become the franchise quarterback Chicago has sought for decades. “My goal is to get into as far as February as I can,” Williams said, referring to playing in a Super Bowl for a team that hasn't hoisted the Lombardi Trophy in nearly 40 years. The 2022 Heisman Trophy winner kicked off an historic NFL draft Thursday ni

  • Count Binface: I will rename London Bridge and have never heard of Susan Hall

    The self-described intergalactic space warrior is running to be London mayor for the second time on May 2.

  • Lions trade up in first round of NFL draft, take Alabama cornerback Terrion Arnold

    ALLEN PARK, Mich. (AP) — The Detroit Lions made a move to address their secondary, grabbing Alabama cornerback Terrion Arnold with the No. 24 pick in the NFL draft after a trade with Dallas on Thursday night. The Lions moved up from the No. 29 spot. Detroit also received a 2025 seventh-round pick, while the Cowboys received Detroit's first-rounder plus a third-round pick in this year's draft (73rd overall). Detroit had acquired that third-rounder from Minnesota in a previous trade. Arnold had on

  • Members of NHL community and beyond pay tribute to legendary broadcaster Bob Cole

    Members of the NHL community and beyond paid tribute Bob Cole on Thursday after the legendary broadcaster died at age 90. He died Wednesday night in St. John's, N.L., surrounded by his family, his daughter, Megan Cole, told the CBC. Cole, an influential voice in broadcasting for more than half a century, brought life to some of hockey's biggest games. TNT hockey broadcaster Ed Olczyk, a former Winnipeg Jets and Toronto Maple Leafs forward, reminisced about admiring Bob Cole's big-game presence d

  • Mexican lawmakers approve new pension fund backed by president

    Mexico's Senate approved the creation of a new pension fund on Thursday aimed at boosting payouts to the lowest-earning recipients. The creation of the fund, which is part of a pension reform proposed by outgoing President Andres Manuel Lopez Obrador, won the support of 70 senators, with 43 against and two abstentions, after a heated debate that went into the evening. The reform aims to ensure that pensioners receive 100% of their last monthly salary up to about 16,777 Mexican pesos ($975), which is the average monthly wage for workers affiliated with Mexico's social security institute.

  • Warm and humid into and through the weekend, a few showers possible Sunday

    Meteorologist Devon Lucie walks us through the return of higher humidity and how that will make warmer temps feel even hotter, then dives into when rain chances might make you think twice about bringing some rain gear to the outdoor event you've got planned, then tracks a front next week and points out how that will affect rain chances by Monday and Tuesday of next week.