ZEEL-Sony MEGA Merger Deal - Top points everyone needs to know - Check details here

ZEEL-Sony Merger: The Board of Directors of ZEE Entertainment Enterprises (ZEEL)  unanimously provided an in-principal approval for the merger between ZEEL and Sony Pictures Network India (SPNI). There are certain pointers that people need to know about the Zee-Sony merger.

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Who will be the MD and CEO?

Punit Goenka will continue as the Managing Director (MD) and Chief Executive Officer (CEO) even after merger of in-principal approval for merger with Zee Entertainment and Sony Pictures India. 

Punit Goenka to invest $157.5 Cr after merger.

After the merger, Sony Entertainment will have a majority shareholding in the merged entity. Both parties have signed a non-binding termsheet. Both parties will be completing the due-diligence on the deal with the 90-day period. After the merger, the merged entity will be listed on the Indian stock exchanges. 

Both parties will also be signing a non-compete agreement. The investors of ZEEL will likley have a 47.07 per cent share in the company.

Zeel - Sony Merger: विलय और नए निवेश के बाद कैसे बदलेगी हिस्सेदारी? | Br... https://t.co/8up1o4H4n3

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How big is the ZEEL-Sony deal?

With this merger, ZEEL to get growth capital access to each other's content and digital platforms. On the other hand, Sony will get a chance to increase its presence in India.

ZEEL's business

ZEEL has its reach in 190 countries in 10 languages and with more than 100 channels. There has been a market share of 19 per cent in audience. The TV content is more than 2.6 lakh hours. There is also a big hold through Zee5 in digital space. Furthermore, 25 per cent of the films in the country are seen on Zee Network.

Sony's business

There are 31 channels in India with a reach in 167 countries. Sony has 700 million viewers in the country with 9 per cent market share in audience.

(Disclaimer: Zee Entertainment is not our sister concern/group company. Though our names sound similar but our company is owned by Zee Media Corporation, which is a different group.)