Entertainment
Sony, Zee sign definitive merger agreement amid shareholder spat
Zee Entertainment Enterprises Ltd., India’s largest listed TV network, approved a merger agreement with a local subsidiary of Sony Group Inc. because of complex board and court disputes between Zee’s founder and its largest shareholder.
Sony Pictures Networks India Pvt. According to an exchange document submitted by Zee on Wednesday, it will own 50.86% of the shares of the combined entity, and Zee’s current holding company Essel will own 3.99% of the shares. As part of the final agreement, public shareholders will own the remaining 45.15%. According to the document, Zee’s board approved the appointment of Punit Goenka, the son of founder Subhash Chandra, as the CEO of the newly formed entity.
This transaction will help expand Sony’s media business in the world’s second most populous country, where Zee holds 17% of the media and entertainment market. The transaction announcement was made three months after the announcement of the non-binding agreement between Zee and Sony on September 22, which escalated the acquisition battle between the Chandra family and the Atlanta-based Invesco Development Markets Fund, which owns 18 % Of shares, this is the largest shareholding. The latest development shows that Sony and Chandra are redoubled their efforts to complete the transaction. Although Chandra is eager to retain his family’s influence on the debt-ridden media company he founded in 1992, the acquisition of Zee will allow Sony to reach its global audience of more than 1.3 billion, as well as a huge local Indian language dating back to the 1990s Content library. As of the end of March, Zee’s own streaming media platform is also a leader in local players, with close to 73 million monthly active users.
Complete News Source : Hindustan Times
After The Kapil Sharma Show aired on television for the last year, the comedian moved to streaming services in 2024 with The Great Indian Kapil Show. Actor Huma Qureshi was a permanent visitor on the TV show Madness Machayenge-India Ko Hassayenge, which briefly filled the hole created by the departure of the former show. But it didn’t quite click with the public, and according to recent rumours, the channel has added comedian Zakir Khan to help fill the void with a new programme.
Comedy and shayari will be mixed together in Zakir Khan’s presentation.
We now know some exclusive information about the show, such as its schedule and format. According to a source with direct knowledge of the situation, “Zakir’s show will feature a trademark Zakir blend of humour and shayari. With this programme, the comedian hopes to reach a larger audience. He has already developed a following of people who identify with his shayarana side. Madness Machayenge is now airing and is most likely coming to an end. Zakir’s television programme is scheduled to premiere in August. Bollywood visitors will appear on the broadcast in addition to Zakir’s shayari and comedy, much like it used to happen on Kapil’s show.” This is Khan’s second television appearance following his work on the fifth season of The As a mentor in the Great Indian Laughter Challenge in 2017. In addition, he hosted the comedic non-fiction programme Farzi Mushaira on OTT, combining humour and shayari with well-known guests.
Recently, filming for Kapil’s OTT show came to an end, and there were rumours that this was because of the show’s poor viewership. The cast of Heeramandi, American singer-songwriter Ed Sheeran, and actors Rajkummar Rao and Janhvi Kapoor, among others, were disclosed in a video that the crew published to refute the rumours. Regarding Madness Machayenge, the television programme that took Kapil’s position, director Karan Johar blasted it for his repulsive impersonation on the show. The full guest list for Zakir’s programme has not yet been announced.
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