Page 2 - Sony India

Sony adds support for Google's Find My Device to headphones and earbuds

Additionally, the firmware update for the WH-1000XM5 includes improved security features, while the for the WF-1000XM5 earbuds introduces support for Google Fast Pair through LE Audio

Sony India records 21% growth in 2023-24; bets big on premium TV segment

Consumer electronics giant Sony India recorded a 21 per cent growth in 2023-24 and expects to continue the momentum going forward led by the trend of premiumisation in the TV and consumer electronics space, Managing Director Sunil Nayyar said on Monday. However, the company expects a moderation in the growth rates in the current fiscal, he said, adding it "may be not to the level which we have registered last year, because of the high base effect". Sony India is quite upbeat after having almost 40 per cent growth in festive sales during Onam in the southern market and expects a similar kind of double-digit growth in the rest part of the country during the festive season starting from Durga Puja. "So we are very hopeful that Diwali should be pretty strong as far as the sales is concerned. Hopefully, we are getting a growth of high double digit this time," Nayyar told PTI. The company, which is a leader in the premium television segment with around 35 per cent overall market share in

Zee-Sony settlement removes overhang but outlook stays uncertain: Analysts

Zee Sony merger settlement news: Any meaningful re-rating in Zee share price, analysts said, should happen in case ZEE finds a new partner or strategic investor

Sony and Tata Play clash over removal of channels, legal action considered

Tata Play cited declining popularity and cost savings for consumers as reasons for the removal of Sony channels, while Sony claims this to be retaliation from the DTH operator

Sony ULT Wear review: Great sound, long battery life and lightweight design

Long battery life, good ANC, and quick charge options make the Sony ULT Wear perfect companions for a commute. With their strong thump, ULT Wear is likely to be really popular with younger users

Sony Bravia 7 Mini LED series TVs launched in India: Price, features, more

Priced at Rs 182,990 onwards, the Sony Bravia 7 Mini LED series TVs are offered in 55-inch, 65-inch, and 75-inch display options with 4K resolution and Dolby Atmos standard across models

India to overtake Japan to become 3rd largest global market: Sony MD

Japanese consumer electronics giant Sony expects India to overtake home market and become the company's third largest market globally in the next couple of years with its revenue from the country reaching Rs 10,000 crore. Sony India Managing Director Sunil Nayyar said the company clocked a revenue of Rs 6,353 crore in 2022-23 in the country and is betting on the premium television segment besides its audio and imaging products to drive the growth. According to him, Sony India is also betting big on the fast growth of the gaming segment and imaging business. "We have travelled a long way. If I go 10 years back, we were quite behind the globe, but now, we are a close number four as a single country business across the globe, which means in a couple of years, maybe we can be number three and to remain in the top three in future I think should be a good position to stay as a Sony company around the globe," Nayyar told PTI in an interview. At present, the US, China and Japan are the top

Sony appoints Walt Disney executive Gaurav Banerjee as new India CEO

Banerjee has resigned from Disney's India unit where he was the head of content for its streaming service

Decided to move on but will continue till new successor, says SPNI CEO

Sony Pictures Networks India Managing Director and CEO NP Singh on Friday said he has decided to move on but will continue to be in his current role till a successor is found. In a statement, Singh who has had a 25-year tenure at Sony Pictures Networks India (SPNI), said after nearly 44 years in his career, he is "ready to focus on social change and shift from operational roles to advisory ones". "I will continue to lead SPNI until we find the right person to take over. We have begun a structured succession planning process for my successor and hope to have exciting news to share in the near future. Finding the right fit is our top priority," Singh added. Reiterating that his commitment to SPNI and its success remains strong, Singh said, "During my time here, we have established industry benchmarks, expanded our reach, and achieved many noteworthy accomplishments." He further said, "I am dedicated to ensuring our legacy of success continues and grows under the new leadership." Son

Zee Entertainment faced Rs 432 crore merger costs in failed Sony deal

The merger agreement between Zee Entertainment and Culver Max Entertainment (Sony's India unit) was terminated on January 22 due to issues over leadership and unmet closing conditions

Sony launches Bravia 2 series with Google TV in India: Know price, specs

Offered in four screen options with top-end model priced at Rs 95,990, the Sony Bravia 2 series boasts X1 picture processor, 4K resolution, and Dolby Atmos audio

Sony, Apollo discuss proposal to make joint bid for Paramount Global

The competing bid, which is still being structured, would offer cash for all outstanding Paramount shares and take the company private

Sony India seeks to increase subscribers, revenue in FY25: CEO N P Singh

Sony Pictures Networks India is looking to boost its subscriber base and revenue through impactful content, while looking at strategic partnerships as it gears up to face a challenging fiscal year 2024-25, according to its Managing Director & CEO N P Singh. The company will be taking experiences and lessons from FY24, as stepping stones for what lies ahead, he wrote to employees in an internal newsletter. "Heading into FY25, we are gearing up for a challenging year but are ready with creative spirit and strong resolve," he said. Further, Singh said, "Our goal is sharp, to captivate audiences and boost our subscriber base and revenue through impactful content." The company is channeling investments into new shows, including on Sony LIV, he said. "Our strategy emphasises driving organic growth and ramping our market presence through strategic partnerships," he said. Reflecting on the fiscal gone by, he said FY24 "showed our true resilience and teamwork". "Tackling challenges head-

Zee saga: Sony's spurned target shows pitfalls of tempting Indian M&A

To foreign investors, the Sony-Zee saga is a reminder of the need to approach Indian deals with an abundance of caution

NCLT issues notice to Sony in plea by Zee Ent to implement merger

The plea of Mad Men Film Ventures, a shareholder of Zee, seeking enforcement of the merger has been clubbed together with ZEEL's plea and will be heard on the same date

Can go to NCLT to enforce Sony merger deal after SIAC rejects petition: Zee

Sony scrapped the merger on Jan. 22, ending a deal that could have created one of India's biggest TV broadcasters, claiming breaches of contract

Promoter family to increase stake in Zee to 26% eventually: Subhash Chandra

Chandra also said that as a promoter, he was "seriously considering" filing a criminal case against Sony

A game of bluff scuttled Sony-Zee's plans to create $10 bn media giant

While Sony's India head sought to rally the morale of his employees in a letter Wednesday, it was thin on details on how it plans to fend off rivals

Zee plummets 30% as Sony calls off merger; CLSA downgrades stock to 'sell'

With Zee-Sony merger being terminated, we believe Zee's price-to-earnings (PE) will slump back to 12x levels, seen prior to the Sony merger announcement, CLSA said

Zee Entertainment shares fall 5% on reports of Sony merger deal collapse

Sony Group of Japan had said it is continuing talks until 20 January on the deal to merge its Indian subsidiary with Zee Entertainment Enterprises that would create a $10 billion entity