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Sony's profits rise on robust performance for music, movies, games

Japanese technology and entertainment company Sony logged an 18% rise in profit for the fiscal year through March on healthy results at its music and video-game operations. Tokyo-based Sony Corp. said Wednesday that its annual profit totaled 1.14 trillion yen (USD 7.8 billion), up from 970.6 billion yen in the previous fiscal year. Annual sales were virtually unchanged, inching down to 12.957 trillion yen (USD 88 billion) from 13.020 trillion yen. One area that lagged among Sony's sprawling businesses was the financial segment, where revenue stalled. But its film division and its imaging and sensor solutions segment did well. Among the movies that fared positively at the box office for the fiscal year through March were Venom: The Last Dance, featuring the Marvel Comics superhero, and Bad Boys: Ride or Die, an action comedy, in which Will Smith and Martin Lawrence come back in their popular cop roles, the fourth installment in the series. Sony, which makes the PlayStation console

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 Group posts 7% fall in annual profit, narrowly misses PS5 target

The Japanese tech conglomerate plans a partial spin-off of its financial unit with a listing in October 2025 in order to focus on its entertainment and chips units

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

Zee-Sony merger: NCLT issues notice to Sony to file reply in three weeks

The National Company Law Tribunal (NCLT) on Tuesday accepted a petition by a Zee Entertainment shareholder seeking the merger of its Indian entity with Sony, which was called off last week despite regulatory approvals. The Mumbai-bench of NCLT issued a notice on a petition moved by Mad Men Film Ventures, a shareholder of Zee Entertainment Enterprises (ZEEL), directing Sony Pictures Network India, now known as Culver Max, to file a reply within three weeks. Mad Men Film Ventures on Tuesday filed the petition requesting both ZEEL and Sony to implement the merger as it was approved by the NCLT in August 2023. The tribunal did not agree to the arguments made by the counsel stating that the approval by NCLT was conditional and depended on various conditions, which may be fulfilled or waived off in writing. NCLT has kept the next date of hearing on this matter on March 12. Last week, the Sony Group Corp called off the merger with ZEEL following a stalemate over who will lead the merged

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

Sony may call off merger with Zee, send termination notice by Jan 20

Last month, the two companies were given a one-month grace period to close the merger of their India operations

Sony, Zee have one-month grace period to complete $10 billion merger

The grace period, as well as the talks on a further deadline extension, are keeping hopes alive for a two-year-old transaction that has already seen ample drama and delays

Zee Ent slips 4% as it seeks to extend deadline for merger with Sony

The request to extend the deadline comes just a day after two independent directors were unable to secure the re-appointment of the company's board

Zee-Sony merger: NCLAT adjourns hearing over Axis Finance plea to Friday

The National Company Law Appellate Tribunal (NCLAT) on Thursday adjourned the hearing to October 13 on a plea filed by Axis Finance against the merger of Zee Entertainment Enterprise Ltd (ZEEL) with Culver Max Entertainment, formerly Sony Pictures Networks India. The appellate tribunal on Friday will hear another plea filed by private lender IDBI Bank, which has also challenged the August 10, 2023, order of the Mumbai bench of the National Company Law Tribunal (NCLT) approving the merger. Counsel appearing for Axis Finance requested the tribunal to adjourn the matter to Friday when it will hear the same petition filed by IDBI Bank. During the proceedings, senior advocates Mukul Rohatgi and Arun Kathpalia - both representing ZEEL questioned the locus standi of Axis Finance to file such a petition and opposed passing any order. They also objected to the adjournment as IDBI's case arose out of a different set of facts, however, the appellate tribunal deferred the hearing of the case .

Shark Tank season 3 shooting begins, check release date, streaming and more

Sharks are back with another season of Shark Tank India. Shark Tank India's official Instagram account shared the information. The show is likely to start in December or January

Cricket is money: What is at stake in BCCI media rights e-auction

In 2018, Star Sports won the BCCI TV and digital rights for Rs 6,138.1 crore. It had outbid Reliance and Sony to win the media rights.

Saudi Pro League live telecast: How to watch Neymar, Ronaldo games in India

With stars like Neymar, Ronaldo, Jordan Henderson and N'golo Kante playing in the Saudi Pro League, Indian fans can watch them on Sony Sports Network for the next two seasons

Sony announces third season of 'Shark Tank India'; all you need to know

Based on the success of Shark Tank India's first season, Sony had stated in March that it wanted to bring some international show formats both unscripted and scripted to Shark Tank India season 3

Sony-Zee merger expected to be completed by September: Sony CEO Yoshida

CEO Yoshida said that India has become the most populous country in the world and this has created innumerable opportunities for growth and this is especially true for the entertainment industry

Zee offers to shut down major entertainment channel for merger with Sony

The identity of Zee channel offered to shut down is not known yet

IPL media rights auction concludes; value stays at Rs 43,050 crore

The per-match value for IPL has touched $13.5 million (or Rs 105 cr), which is second only to America's National Football League, which costs a broadcaster $17 million (Rs 132.26 crore) per match

Zee-Sony merger: Tech charts suggest 35% upside for Zee Entertainment stock

On the higher side, the resistance comes in at Rs 400 and Rs 475 levels from a medium-term perspective

England vs Pakistan 3rd test live streaming, match and toss timing details

The Live telecast of England vs Pakistan third Test will be available on Sony Six HD and Sony Six. The toss will take place at 3:00 pm IST

Sony Six to live telecast Ireland's and Pakistan's tour of England

The ODI series between England and Ireland will also mark the beginning of the inaugural edition of the ICC World Cup Super League