[mumbai - december 21, 2021] sony pictures networks india private limited (spni), and, zee entertainment enterprises ltd. (zeel), today announced that they have signed definitive agreements to merge zeel with and into spni and combine their linear networks, digital assets, production operations and program libraries. the agreements follow the conclusion of an exclusive negotiation period during which zeel and spni conducted mutual due diligence. after closing, the new combined company will be publicly listed in india. the…, mr. punit goenka, will lead the combined company as its managing director & ceo. the majority of the board of directors of the combined company will be nominated by the sony group and will include the current, spni managing director and ceo, mr. n.p. singh, . on closing, mr. singh will assume a broader executive position at spe as chairman, sony pictures india (a division of spe) reporting to, mr. ravi ahuja, , spe's chairman of global television studios and spe corporate development. the combination of zeel and spni is expected to achieve business synergies and given their relative strengths in scripted, factual and sports programming, respective distribution footprints across india and iconic entertainment brands, the combined company should be well-positioned to meet the growing consumer demand…, mr. punit goenka, , md & ceo, zee entertainment enterprises ltd. said, "it is a significant milestone for all of us, as two leading media & entertainment companies join hands to drive the next era of entertainment filled with immense opportunities. the combined company will create a comprehensive entertainment business, enabling us to serve our consumers with wider content choices across platforms. i am…, mr. ravi ahuja, , spe's chairman of global television studios and spe corporate development. "i want to thank punit and his team at zeel and the small army of people at spe and spni who have worked so hard to get us to this point. i especially want to thank n.p. singh, who presented us with the idea to explore this merger well over a year ago. n.p. has done extraordinary work building spni to what it is today,…, md & ceo, spni, mr. n.p. singh, , added, "this merger will create a company that's best in class and will redefine the contours of the media and entertainment industry. as a representative of spe on the board of the new merged company, it will be my endeavour to provide strategic guidance and support to the company's operating team in achieving our vision. i am also excited at the opportunity of being appointed, chairman, sony…, about sony pictures networks india (spni): , sony pictures networks india is an indirect wholly owned subsidiary of sony group corporation, japan. spni has several channels including sony entertainment television (set and set hd), one of india's leading hindi general entertainment television channels; max, india's premium hindi movies and special events channel; max 2, another hindi movie channel showcasing great india cinema; max hd, a…, about zee entertainment enterprises ltd (zeel):, zee entertainment enterprises ltd. is a media & entertainment powerhouse offering entertainment content to diverse audiences. with a presence in over 190+ countries and a reach of more than 1.3 billion people around the globe, zeel is among the largest global content companies across genres, languages, and platforms. zeel is present across broadcasting, movies, music, digital, live…
Type: Press Release
[culver city, ca - january 6, 2022], - sony pictures entertainment announced today that writing/producing duo eduardo cisneros and jason shuman have signed a writing/producing deal with the studio under their new production arm, raqmar entertainment. "it is critically important to us to tell stories that subvert negative stereotypes and embrace cultural specificity in an authentic way, and we are grateful to sony pictures for their…, about sony pictures entertainment, , sony pictures entertainment (spe) is a subsidiary of tokyo-based sony group corporation. spe's global operations encompass motion picture production, acquisition, and distribution; television production, acquisition, and distribution; television networks; digital content creation and distribution; operation of studio facilities; and development of new entertainment products, services and…
Type: Press Release
