Skip to content
  • Sep 22, 2021
  • |
  • SONY PICTURES NETWORKS INDIA SIGNS EXCLUSIVE NON-BINDING TERM SHEET WITH ZEE ENTERTAINMENT

Combined Company Would be a Market Leader Across Genres & Languages in Linear and Digital Distribution

[Mumbai — September 22, 2021] Sony Pictures Networks India (SPNI) and Zee Entertainment Enterprises Ltd. (ZEEL) today announced that they have entered into an exclusive, non-binding Term Sheet to combine both companies’ linear networks, digital assets, production operations and program libraries. The non-binding Term Sheet provides an exclusive negotiation period of 90 days during which ZEEL and SPNI will conduct mutual diligence and negotiate definitive, binding agreements. The combined company would be a publicly listed company in India and be better positioned to lead the consumer transition from traditional pay TV into the digital future.

<Access full press release>

https://www.sony.com/en/SonyInfo/News/Press/202109/21-0922E/

For further information: Corporate Communications Department
Sony Group Corporation
[email protected]

Back To Top