Sony Pictures Networks India & Zee Entertainment Complete Merger; Combined Entity Fit To Take On Netflix And Disney
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deadline.comSony Pictures Networks India (SPNI) and Zee Entertainment have completed their merger, creating a combined entity led by Zee CEO Punit Goenka fit to take on the U.S.
streaming giants in the nation.News of the merger first emerged in late September when the two parties entered into an exclusive non-binding term sheet to bring together their linear networks, digital assets, production operations and program libraries.The deal required a 90 day period for regulatory third-party approvals to clear, which completed yesterday (December 21).The new entity, which is publicly listed and will be led by Goenka, stands to overtake Disney’s Star India as the country’s biggest player, according to Reuters, bringing together 75 news, entertainment, sports
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