Zee Entertainment-Sony Pictures Merger: At present, the share of Zee Entertainment’s shareholders is 61.25 percent. This stake will change after an investment of $ 1575 million i.e. about Rs 11605.94 crore.
Mumbai: Big news has come to light regarding the merger between Zee Entertainment Enterprises Limited (ZEEL) and Sony Pictures Networks India. The entertainment board of both the giant companies has announced the merger. The board of Zee Entertainment (ZEEL) has also given in-principle approval for the merger. Sony will be the largest stakeholder after the merger. Sony has expressed confidence in retaining Zeel’s management. Punit Goenka will continue to be the MD and CEO of the new company formed after the merger. After the merger, the new company will also be listed in the Indian stock market.
According to Anil Singhvi, Managing Editor of Zee Business, Sony has decided that the leadership of the new company will also be in the hands of Punit Goenka. The company’s growth plan will be prepared under his leadership. According to Sony, Puneet Goenka will be the MD and CEO of the company after the merger for the next five years. Sony Group will have the right to nominate a Majority Director in the merged company. R Gopalan of Zee Entertainment has said that Zee’s business has seen steady growth. The company’s board is confident that Zee will benefit more from this merger. The coming together of both the companies will give a new energy to the company. Due to this, the shareholders of the company will also get a big benefit going forward.
Mumbai: Big news has come to light regarding the merger between Zee Entertainment Enterprises Limited (ZEEL) and Sony Pictures Networks India. The entertainment board of both the giant companies has announced the merger. The board of Zee Entertainment (ZEEL) has also given in-principle approval for the merger. Sony will be the largest stakeholder after the merger. Sony has expressed confidence in retaining Zeel’s management. Punit Goenka will continue to be the MD and CEO of the new company formed after the merger. After the merger, the new company will also be listed in the Indian stock market.
According to Anil Singhvi, Managing Editor of Zee Business, Sony has decided that the leadership of the new company will also be in the hands of Punit Goenka. The company’s growth plan will be prepared under his leadership. According to Sony, Puneet Goenka will be the MD and CEO of the company after the merger for the next five years. Sony Group will have the right to nominate a Majority Director in the merged company. R Gopalan of Zee Entertainment has said that Zee’s business has seen steady growth. The company’s board is confident that Zee will benefit more from this merger. The coming together of both the companies will give a new energy to the company. Due to this, the shareholders of the company will also get a big benefit going forward.
In fact, in the current situation, the share of ZEEL’s shareholders is 61.25 percent. This stake will change after an investment of $ 1575 million i.e. about Rs 11605.94 crore. Thereafter, the stake of ZEEL investors will be close to 47.07 per cent. At the same time, the share of the shareholders of Sony Pictures is estimated to be 52.93 percent.
Why is the deal so big?
>> ZEEL will get growth capital.
>> Access to each other’s content and digital platforms.
>> Sony will get a chance to increase its presence in India.
>> Sony will get a viewership of 1.3 billion people.
How big is ZEEL’s network?
>> The company has a reach in 190 countries.
>> There are more than 100 channels in 10 languages.
>> ZEEL has 19 percent viewership share.
>> One of the world’s largest companies in content.
>> Over 2.6 lakh hours of TV content.
>> Titles of more than 4800 movies.
>> Big catch in the digital space through ZEE5.
>> 25 percent of the movies watched on TV in the country are watched on ZEE’s network.
SONY’s network
>> Sony has 31 channels in India.
>> The company has a reach in 167 countries.
>> Sony has 700 mn viewers in the country.
>> Sony’s viewership market share is 9 percent.
