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Merger of Sony, Zee to create TV powerhouse challenging Disney

Deal promises edge in market share for Zee, Sony over Disney and could help Sony raise funds to bid for sporting events

Tv, entertainment
premium

Tv, entertainment

Reuters
A merger of India's Zee and a domestic unit of Japan's Sony Group Corp will create a television powerhouse to grab more advertising revenue, challenging top rival Walt Disney Co in a key growth market, industry officials said.

The Sony-Zee alliance, with about 75 news, entertainment, sports and movie channels in more than 10 languages, stands to become India's biggest player, with a market share of 27% outstripping that of Disney's Star India, at 24%.

"This will give them significant distribution muscle and an ad wallet," Uday Sodhi, a former Sony Digital head in India, told Reuters. "They will become

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