Business Standard

The redrawing of the media map

Just like in publishing and music, a new set of companies would increasingly dominate films and TV as well

Tv, entertainment
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Tv, entertainment

Vanita Kohli-Khandekar
Last week, two Indian broadcast majors, Sony and Zee, signed what was arguably one of the biggest media deals in India. If all goes well, in 90 days, Sony-Zee will become a combined entity with a 28 per cent share of TV viewership, Rs 14,000 crore in revenue and a decent-sized film and OTT business. That is a big if given shareholder moves to oust current Zee Entertainment CEO Punit Goenka. Nevertheless, if the duo merge, Sony, which is part of the eponymous $82.5 billion giant, will put in $1.57 billion as investment into the new company. That means lots
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First Published: Sep 27 2021 | 11:25 PM IST

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