Sony India is aiming 40 per cent growth in its audio business in the current fiscal, led by rising demand for premium products in the segment, its Managing Director Sunil Nayyar said on Thursday. The company is expecting a "promising" growth in some of the segments as soundbars and personal audio products like earphones and headphones continue its lead, outpacing the market growth rate. Sony India, which aims to be the dominant premium audio brand here, gets around 20 per cent of its sales revenue from the audio business and expects its contribution to become higher in the coming years. "Audio business is very promising in India and the premium market (in the segment) is growing and the growth rate is high. This composition will continue to increase every year," Nayyar told PTI. He further said:" The growth of the audio might outpace the growth of other categories." The company logged 21 per cent growth in the audio business in the last fiscal. The audio business includes soundbar
The NCLT approval is an important legal milestone for the merger scheme to come into effect
The Sony WF-C700N supports a multipoint connection feature, which allows it to be paired with two Bluetooth devices at the same time
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Big Magic, Zee Action and Zee Classic are all part of Zee network; the merging firms have a combined viewership share of 36% in Hindi general entertainment, and 33% in Hindi movies
The identity of Zee channel offered to shut down is not known yet
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As per the BARC data for the ongoing financial year (2023), the merged entity has 36 per cent TV viewership market share in the Hindi GEC segment, and 33 per cent in the Hindi movies channels.
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Merged entity to retain Zee's stock market listing, though Sony would provide large cash injection and hold 51% stake
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Telecast ownership is worth nearly Rs 60,000 crore: compared to the Rs 16,347.50 crore Disney-Star paid in 2017 for the 2018-22 period.