Page 8 - Sony

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

Tech wrap May 27: Samsung Galaxy F55 and Sony ULT-series launch, and more

Samsung launched the Galaxy F55 smartphone with vegan leather finish. Sony debuted the ULT-series audio products. Apple's AI features won't be impressive

Sony debuts ULT-series headphones, portable party speakers in India

The Sony ULT series comprises Wear headphones, Field 1 and Field 7 portable speakers, and Tower 10 party speaker. All these products are now available for purchase in India

After collapse of merger talks, Zee seeks $90 mn termination fees from Sony

Zee said it has, on account of Culver Max's and BEPL's breaches under the merger cooperation agreement, terminated the agreement by issuing a letter dated May 23

Focus on creativity, with games, movies, music, sensors and IP, says Sony

Japanese electronics and entertainment company Sony says it's focusing on creativity in movies, animation and video games, rather than old-fashioned gadgetry. Its chief executive, Kenichiro Yoshida, outlined the company's strategy on Thursday, saying Sony was helping creative professionals deliver what he called kando, or a moving experience. Yoshida did not speak about reports Tokyo-based Sony and Apollo Global Management are interested in buying Paramount Global. Yoshida said the company is now emphasising the creative process itself instead of prized products of the past like the Walkman portable music player and Trinitron colour TVs. He said synergies are no longer between entertainment and electronics, but determined by intellectual property spanning animation, music, games and films. We will continue to support people's creativity through our technology, he said in an online briefing. Sony is adapting to tougher times, with rivals making cheaper but competitive electronics.

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 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

PlayStation 5 Slim: Sony announces 'limited period offer' on gaming console

In its summer sale, Sony has announced a flat discount of Rs 5,000 in a limited period and a limited quantity offer on the PlayStation 5 Slim gaming console

Zee-Sony deal: ZEE withdraws merger implementation application from NCLT

The Zee statement said the Board took the step based on legal advice after a detailed consultation with legal experts

Zee's plan to gun for growth on its own holds perils as well as promise

Analysts are waiting for a big move on the free-to-air market, either by going back on DD Freedish or by doing a big deal with YouTube, the largest video platform

No action against Subhash Chandra on summons till April 30: Sebi to HC

The court had earlier given Sebi two weeks to file its reply. The bench led by Justice G.S. Kulkarni and Justice Firdosh Pooniwala on Wednesday directed Chandra to file a rejoinder in the matter

10-min delivery: Blinkit partners with Sony to sell PS5 Slim on launch day

Customers in Delhi NCR, Mumbai, and Bengaluru can now get the all new PlayStation 5 Slim editions and controllers delivered in 10 minutes, said Blinkit in a press note

Sony to launch PlayStation 5 Slim in India on April 5: Know price, details

Launched last year in US, the Sony PS5 Slim boasts a sleek design and is offered in up to 1TB on-board storage

Zee Entertainment should cut costs in profit pursuit, says panel

The committee has also advised halving the costs at Zee's technology and innovation centre in fiscal 2025, from the 6 billion rupees ($72 million) a year back, Zee said

Dell Laptops continues to be India's most trusted brand, says report

The technology company was followed by auto company Honda and e-commerce giant Amazon

Sony withdraws agreement to merge India operations with Zee from NCLT

While the court filings officially bring the curtain down on the long-drawn saga that was beset by delays, drama over who'll lead the merged entity and a regulatory probe on Zee's founders

Sony to lay off 900 PlayStation unit employees, shut studio in London

The global videogame market grew just 0.6% last year to $184 billion, according to industry tracker Newzoo, though that was better than a decline of more than 5% in 2022

Zee forms independent advisory panel to curb erosion of investor wealth

Zee Entertainment Enterprises Ltd on Friday said its board has constituted an independent advisory committee headed by Satish Chandra, retired judge of Allahabad High Court, to curb erosion of its investor wealth in the wake of speculations, leading to negative public opinion of the company. Earlier this week, media reports said market regulator Sebi has found financial discrepancies in the accounts of the company, although it asserted that the reports-related accounting issues are "incorrect and false". "The board of ZEE Entertainment Enterprises Ltd (ZEEL), has approved to constitute an independent advisory committee that will enable it to review and take cognizance of the widespread circulation of misinformation, market rumours, and speculation that has led to the formation of negative public opinion about the company and consequent erosion of investor wealth," ZEEL said in a statement. The committee will be presided by Dr Satish Chandra, a former judge of Allahabad High Court.

Zee refutes report of Rs 2,000 crore accounting 'hole', calls it 'false'

A report on Wednesday said that the market regulator has found a "hole" of more than Rs 2,000 crore in the accounts of Zee Entertainment Enterprises Ltd