Page 11 - Sony

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

NCLAT refuses to stay Zee-Sony merger, case now to be heard in January

IDBI Bank and Axis Finance had challenged the August 10, 2023, order of the Mumbai bench of the National Company Law Tribunal (NCLT), which approved the Zee-Sony merger

Why large consumer brands have a lot at stake in Disney, Sony deals

The first of these two transactions may come as early as Monday and would see Walt Disney Co. enter into a non-bidding agreement with Mukesh Ambani to merge their media businesses in the country

Sony confident for double-digit growth in India, helped by premiumisation

Consumer electronics maker Sony India expects a 15-20 per cent growth in this fiscal with the trend of premiumisation in the Indian TV and audio market helping it make a turnaround, a top company official said. The company's premium television category comprising screen size of 55 inches and above along with audio products would be the "key growth drivers" for Sony India, as the trend of premium products has evolved in the country, Sony India Managing Director Sunil Nayyar said. "FY24 is also looking very promising. We are looking forward to a growth of 15 to 20 per cent (by value) as an overall company and of course, needless to say, profitability is also going to be good," Nayyar told PTI. Sony India, a wholly owned subsidiary of Japan's tech major Sony Corporation, had recently in a RoC filing reported a 31.8 per cent increase in profit for 2022-23 and its revenue from operations was up 23.1 per cent to Rs 6,353.74 crore. Earlier Sony India was struggling with a fall in revenue

Zee-Sony merger: IDBI Trusteeship files appeal against Chandra at NCLAT

The appeal challenges the National Company Law Tribunal (NCLT) Mumbai order rejecting IDBI trusteeship's objection to the merger

Sony-Zee merger risks collapse ahead of its deadline over CEO drama

Zee is insisting that its Chief Executive Officer Punit Goenka - also its founder's son - will helm the new entity, as agreed in the pact signed in 2021, while Sony is wary of his appointment

Sony to integrate in-camera authentication into Xperia smartphones: Report

Sony has confirmed that this feature will be released as a firmware update for the upcoming Alpha 9 III, Alpha 1, and Alpha 7S III mirrorless cameras

Sony is testing in-camera authentication to validate original content

The feature will safeguard the authenticity of captured images and provide an extra layer of security to aid news agencies

Sony faces $7.9 billion mass lawsuit over PlayStation Store prices in UK

Sony Interactive Entertainment (SIE) was sued last year on behalf of nearly nine million people in the United Kingdom who had bought digital games or add-on content through Sony's PlayStation Store

Sony announces The Last of Us Part II Remastered for PS5: Details here

The Last of Us Part II Remastered brings graphic enhancements, new survival mode and a host of playable characters that were not available in the original

Warner Bros and Sony join top brands to halt spending on X, says report

X said that the research strategy used by Media Matters to discover the advertisements that ran along antisemitic content was not representative of how regular people use its platform

Sony unveils Pulse Explorer wireless earbuds, Pulse Elite wireless headset

India is not part of the first markets to get the accessories, but Sony has confirmed that the devices will be available globally in the months soon

Next-generation Sony PlayStation5 controller may have earbuds case built-in

Sony has reportedly filed a patent for a PS5 controller with charging-case like compartment on the back side where a pair of earbuds can be placed and charged

Sony-Zee merger may be finalised by November despite appeals from banks

IDBI Bank and Axis Finance have both filed pleas National Company Law Appellate Tribunal (NCLAT) challenging the merger

Sony refreshes PlayStation 5 gaming console with sleek design, more storage

The new Sony PS5 will be initially available in US only, and global launch is expected in coming months

Zee Entertainment merger expected in 'months ahead': Sony Group

The transaction was initially expected to be closed by the end of September

Sony India says merger with Zee Ent likely delayed, to take few more months

(Reuters) -Japan's Sony Group Corp said on Friday a merger of its Indian unit with Zee Entertainment Enterprises, which was due to be completed by end-September, would likely take a few more months.

Amidst legal challenges, Zee-Sony merger could be completed by December

ZEEL had a harrowing time at the courts last week, with SAT adjourning the matter concerning the ban on Zee promoter Punit Goenka by Sebi to September 27

Sony launches Bravia XR Master Series A95L OLED TV in India: Price, specs

Offered in 55-inch and 65-inch display sizes, the Bravia XR Master Series A95L OLED TV boasts Sony Cognitive Processor XR, 4K upscaling, auto HDR, ambient optimisation, variable refresh rate, and ALLM

IDBI Bank files appeal against NCLT's approval of Zee-Sony merger

Private lender IDBI Bank has filed an appeal against the NCLT order approving the merger of Zee Entertainment Enterprise Ltd (ZEEL) with Culver Max Entertainment, formerly Sony Pictures Networks India. The lender has moved the National Company Law Appellate Tribunal (NCLAT) against the order. Earlier, the Mumbai bench of the National Company Law Tribunal (NCLT) on August 10, 2023, approved the proposed merger, which would create the largest media entity in the country. According to a regulatory filing by ZEEL, it "has been served with an appeal on behalf of IDBI Bank Ltd against the Company before the NCLAT, Delhi, challenging the order dated August 10, 2023, passed by NCLT, Mumbai Bench, approving the composite scheme of arrangement amongst ZEEL, Bangla Entertainment Private Limited and Culver Max Entertainment". The NCLT had dismissed the objections raised by several lenders of ZEEL, including IDBI Trusteeship, IDBI Bank, Axis Finance, JC Flowers Asset Reconstruction Co and Imax