News

Reliance, Walt Disney close $8.5 billion merger of Indian media assets  Reliance Industries and Walt Disney on Thursday completed the $8.5 billion merger of their Indian media assets, which have been split into three divisions, with each unit having its own CEO. The companies said the newly formed divisions are entertainment, which houses Reliance's Colours TV channels and Disney's Star; digital, home to online streaming platforms JioCinema and Hotstar, and sports. Former Google executive Kiran Mani, who leads JioCinema, will take charge of th...
Reliance, Walt Disney close $8.5 billion merger of Indian media assets
Reliance, Walt Disney close $8.5 billion merger of Indian media assets
Source: Reuters
2024-11-15 09:30:47 am
Global VR headset shipments drop 4 pc in Q2, Meta leads Global virtual reality (VR) headset shipments fell 4 per cent in the April-June quarter (Q2), primarily due to a sharp drop in Sony’s PlayStation VR2 shipments, a report said on Friday.  The decline was also due to overall weakness in the consumer VR segment due to a lack of application innovations and a sluggish economy, according to Counterpoint’s Global XR (AR/VR) Headset Model Tracker.   In contrast, demand from the enterprise VR segment remained relatively sta...
Global VR headset shipments drop 4 pc in Q2, Meta leads
Global VR headset shipments drop 4 pc in Q2, Meta leads
Source: IANS
2024-09-13 01:48:28 pm
Disney, Reliance overcome cricket concerns to win approval for $8.5 billion India merger Walt Disney Co and Reliance Industries have won approval for an $8.5 billion merger of their Indian media assets subject to some modifications, India's antitrust watchdog said on Wednesday, after the deal sparked concerns over control of cricket broadcasts. Reliance-Disney aims to create India's biggest entertainment player to compete with Sony, Netflix and Amazon with 120 TV channels and two streaming services. The Competition Commission of India (CCI) sent a warning notice to ...
Disney, Reliance overcome cricket concerns to win approval for $8.5 billion India merger
Disney, Reliance overcome cricket concerns to win approval for $8.5 billion India merger
Source: Reuters
2024-08-28 05:40:09 pm
Analysis-To seal India merger, Disney-Reliance may need to dilute cricket dominance The Indian antitrust body's opposition to a proposed $8.5 billion merger of the Indian media assets of Walt Disney and Reliance may force the companies to sell some lucrative cricket broadcast rights or commit to advertising price caps. Reuters reported earlier this week that the Competition Commission of India (CCI) has sent a warning notice to the companies expressing concern that the merged entity will effectively have a monopoly on cricket broadcast rights worth billions of dollars...
Analysis-To seal India merger, Disney-Reliance may need to dilute cricket dominance
Analysis-To seal India merger, Disney-Reliance may need to dilute cricket dominance
Source: Reuters
2024-08-22 03:48:27 pm
AI flagship killer realme GT 6 is set to become the most coveted smartphone The smartphone world is buzzing about the potential of AI, and it's easy to see why! AI-powered features promise to revolutionise how we use our phones, offering a level of personalisation and intelligence we've never seen before. This has led to a surge in brands promoting "AI features," however, it's important for consumers to be discerning.  While some companies are making genuine strides in integrating AI, others are simply riding the wave of excitement, usin...
AI flagship killer realme GT 6 is set to become the most coveted smartphone
AI flagship killer realme GT 6 is set to become the most coveted smartphone
Source: IANS
2024-06-07 12:07:21 pm
India`s Zee Entertainment to raise nearly $240 million Zee Entertainment Enterprises's board has approved a fundraise of up to 20 billion rupees ($239.6 million), the Indian broadcaster said on Thursday. The company had two major deals - a $10 billion merger with Sony India and a $1.4 billion cricket broadcasting deal with Walt Disney - fail this year, and was forced to cut costs and reduce losses in its business to a meet key profit target. Zee said it will use the funds to "enhance its strategic flexibility to pursue future growt...
India`s Zee Entertainment to raise nearly $240 million
India`s Zee Entertainment to raise nearly $240 million
Source: Reuters
2024-06-06 02:59:58 pm
Sony appoints Disney`s Banerjee as new India CEO, sources say Japan's Sony has appointed a Walt Disney executive, Gaurav Banerjee, as its new India chief executive to lead its television and other media businesses, two people familiar with the matter told Reuters on Tuesday. Banerjee has resigned from Disney's India unit where he was the head of content for its streaming service, Hotstar, and head of business for the company's TV channels in Hindi-speaking markets, one source said. A second source said Banerjee would join Sony in about...
Sony appoints Disney`s Banerjee as new India CEO, sources say
Sony appoints Disney`s Banerjee as new India CEO, sources say
Source: Reuters
2024-05-28 03:56:16 pm
Global gaming console market grew 10 per cent last year The global gaming console market grew 10 per cent (year-over-year) last year, primarily due to improvements in the supply chain constraints faced in 2022, rising consumer demand, and new releases, a new report said on Wednesday. According to Counterpoint Research, a pick-up in growth was observed after the launch of new-generation consoles. Sony surpassed Nintendo to become the top player in 2023, owing to the PS5’s popularity. "The latest generation of consoles, launched ...
Global gaming console market grew 10 per cent last year
Global gaming console market grew 10 per cent last year
Source: IANS
2024-04-11 09:18:57 am
Blinkit to sell Sony PlayStation 5 on its platform Zomato-owned quick commerce platform Blinkit on Thursday said that they will be collaborating with Sony to sell PlayStation 5 on its platform. The company will be launching PlayStation 5 on its platform on April 5. "PlayStation 5 on Blinkit. Launching tomorrow," Albinder Dhindsa, Blinkit’s CEO, posted on X. Earlier this year, Samsung partnered with Blinkit to deliver its newly launched Galaxy S24 series in the country. Customers living in Delhi-NCR, Bengaluru and M...
Blinkit to sell Sony PlayStation 5 on its platform
Blinkit to sell Sony PlayStation 5 on its platform
Source: IANS
2024-04-05 09:56:20 am
Rohanpreet gifts customised `Choti Neha` jacket to `Superstar Singer 3` contestant Singer Rohanpreet Singh, who has joined Haarsh Limbachiyaa as co-host for the show 'Superstar Singer 3', surprised the 14-year-old contestant Laisel Rai with a special gift-- a customised jacket with 'Choti Neha' written on it. In the grand premiere episode of the kids singing reality show, Rohanpreet praised the young talent, Laisel from Chandigarh, saying he believes that she possesses qualities like those of his wife and super judge Neha Kakkar, when she sings. And, L...
Rohanpreet gifts customised `Choti Neha` jacket to `Superstar Singer 3` contestant
Rohanpreet gifts customised `Choti Neha` jacket to `Superstar Singer 3` contestant
Source: IANS
2024-03-23 06:12:46 pm
Reliance-Disney India merger draws Nita Ambani back to business spotlight The Reliance-Disney India merger has attracted Nita Ambani, wife of Reliance boss Mukesh Ambani, back into mainstream business as the new company's chair, where her experience in arts and sports, and ties with Bollywood could come in handy. Reliance and Disney said on Wednesday they would create a $8.5 billion TV and streaming juggernaut in India, setting the stage for fierce rivalry with likes of Japan's Sony, Netflix, and Amazon's Prime Video. Nita Ambani's appointment...
Reliance-Disney India merger draws Nita Ambani back to business spotlight
Reliance-Disney India merger draws Nita Ambani back to business spotlight
Source: Reuters
2024-02-29 09:40:30 am
Reliance, Disney to merge India media assets to create $8.5 billion powerhouse India's top conglomerate Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world's most populous nation. Reliance, led by Asia's richest man Mukesh Ambani, will inject $1.4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake, with Disney owning the rest, the companies said in a joint statement....
Reliance, Disney to merge India media assets to create $8.5 billion powerhouse
Reliance, Disney to merge India media assets to create $8.5 billion powerhouse
Source: Reuters
2024-02-29 09:13:13 am
India`s Zee Entertainment seeks to revive $10 billion merger with Sony, ET reports India's Zee Entertainment is making a final attempt to restart discussions with Japan's Sony Group to revive their $10 billion merger deal which was scrapped on Jan. 22, Indian business daily Economic Times reported on Tuesday, citing people aware of the matter. Representatives from both parties have been working to salvage the deal, with efforts to revive the merger gaining momentum over the past two weeks, the report added. However, there is a chance that the discussions might...
India`s Zee Entertainment seeks to revive $10 billion merger with Sony, ET reports
India`s Zee Entertainment seeks to revive $10 billion merger with Sony, ET reports
Source: Reuters
2024-02-20 10:06:52 am
Sony launches new lightweight wireless microphone in India Sony on Friday launched the new wireless/streaming microphone -- ECM-S1, with high-quality sound and lightweight design in India. Priced at Rs 34,990, the new microphone now available to purchase across all Sony Center, Alpha Flagship stores, Sony authorized dealers, e-commerce websites -- Amazon and Flipkart, and major electronic stores across the country. "For professional videographers and video content creators who require top-notch audio quality for shoots, livestreams, and po...
Sony launches new lightweight wireless microphone in India
Sony launches new lightweight wireless microphone in India
Source: IANS
2024-02-16 05:19:16 pm
Zee Entertainment Q3 revenue falls on weak advertising demand India's Zee Entertainment reported a lower third-quarter revenue on Tuesday due to weak advertising demand and the broadcaster said it expects certain costs related to its failed merger with Sony India. Zee's operating revenue fell 3% to 20.46 billion Indian rupees ($246.27 million) for the quarter, while expenses rose 5.4%. The company's profit, however, more than doubled to 585 million rupees from a year earlier when the company had some merger-related costs. The result...
Zee Entertainment Q3 revenue falls on weak advertising demand
Zee Entertainment Q3 revenue falls on weak advertising demand
Source: Reuters
2024-02-14 09:02:24 am
Singapore arbitrator lets Zee go to India tribunal to enforce Sony merger deal -Zee A Singapore arbitrator agreed to let Zee Entertainment ask an Indian tribunal to enforce a $10 billion merger with Sony's India unit that was scrapped by the Japanese firm, Zee said on Sunday. The emergency arbitrator denied Sony's application for emergency interim relief, saying it had no jurisdiction or authority to block Zee from approaching the Indian tribunal, the Indian media company said in filings to India stock exchanges. Sony scrapped the merger on Jan. 22, ending a de...
Singapore arbitrator lets Zee go to India tribunal to enforce Sony merger deal -Zee
Singapore arbitrator lets Zee go to India tribunal to enforce Sony merger deal -Zee
Source: Reuters
2024-02-04 04:58:12 pm
Sony scrapped $10 billion India merger as Zee failed to meet financial terms Sony scrapped the $10 billion merger of its Indian arm with Zee Entertainment in part because Zee failed to meet some financial terms of the deal and come up with a plan to address them, according to a termination notice reviewed by Reuters. India's Zee denied the allegations in a letter to Sony, also reviewed by Reuters, and accused the Japanese company of "bad faith" in calling off the merger. A Zee-Sony merger in India would have created a media powerhouse in the world&...
Sony scrapped $10 billion India merger as Zee failed to meet financial terms
Sony scrapped $10 billion India merger as Zee failed to meet financial terms
Source: Reuters
2024-01-30 09:38:24 am
Analysts recommend selling India`s Zee after failed Sony merger At least five brokerages said investors should sell Zee Entertainment's stock as the Indian broadcaster's failed $10 billion merger deal with Sony India raised concerns about its survival in an increasingly competitive industry. The collapse of the two-year-long talks on Monday to create one of India's biggest TV broadcasters creates more uncertainty for cash-strapped Zee, in particular with Disney seeking to merge its Indian businesses with the media assets of billionaire Muke...
Analysts recommend selling India`s Zee after failed Sony merger
Analysts recommend selling India`s Zee after failed Sony merger
Source: Reuters
2024-01-23 09:10:37 am
Sony unit continues merger talks with India`s Zee - Nikkei The Sony Group continued to hold talks with Zee Entertainment Enterprises to merge their businesses in India, the Nikkei reported on Wednesday, citing people involved in the negotiations, after media reports earlier said the Japanese company was planning to scrap the $10 billion deal. The talks will continue until a Jan. 20 deadline to close the deal, the Nikkei reported. Bloomberg News reported on Monday that Sony planned to file a termination notice before the deadline over an impasse...
Sony unit continues merger talks with India`s Zee - Nikkei
Sony unit continues merger talks with India`s Zee - Nikkei
Source: Reuters
2024-01-10 11:58:41 am
Zee Entertainment shares down 8% after reports of Sony planning to call off merger Zee Entertainment shares were down 8 per cent on Tuesday after reports that Sony is planning to call off the proposed merger. Zee Entertainment shares are trading at Rs 254, down 8.3 per cent on BSE. According to media reports, Sony India is close to calling off the merger with Zee Entertainment. Sony is likely to issue a termination notice by January 20 and now the decision on who would be at the helm of the merged company is the contentious issue, according to these reports. Aft...
Zee Entertainment shares down 8% after reports of Sony planning to call off merger
Zee Entertainment shares down 8% after reports of Sony planning to call off merger
Source: IANS
2024-01-09 12:49:19 pm
India`s Zee falls on report Sony plans to call off $10 billion merger  Shares of India's Zee Entertainment fell 10% in early trade on Tuesday, a day after Bloomberg reported that Japan's Sony was planning to scrap the $10 billion merger of its India unit with the broadcaster.
India`s Zee falls on report Sony plans to call off $10 billion merger
India`s Zee falls on report Sony plans to call off $10 billion merger
Source: Reuters
2024-01-09 09:28:34 am
Sony plans to call off $10 billion merger With India`s Zee - Bloomberg News Japan's Sony is planning to scrap the merger of its Indian unit with Zee Entertainment, more than two years after the deal was announced, over a disagreement on who will lead the $10 billion entity, Bloomberg News reported on Monday. Sony plans to file a termination notice before the extended Jan. 20 deadline to close the merger, Bloomberg reported, citing people familiar with the matter. It added that discussions between Sony and Zee were still ongoing. Zee and Sony did not immedia...
Sony plans to call off $10 billion merger With India`s Zee - Bloomberg News
Sony plans to call off $10 billion merger With India`s Zee - Bloomberg News
Source: Reuters
2024-01-08 04:45:30 pm
Swami Ramdev performs Mallkhamb stunts on 'IGT 10' stage Yogrishi Swami Ramdev, who is set to grace the stage of 'India?s Got Talent' season 10, will be joining the Abujhmad Malkhamb Group, and will showcase some remarkable Mallkhamb stunts, leaving everyone astounded.The talent reality show, 'India's Got Talent', is raising the bar with its spectacular display of talent across various genres.The contestants have innovated and elevated their acts to impress the judges and the entire nation, and the upcoming episodes will see them bring in the festi...
Swami Ramdev performs Mallkhamb stunts on 'IGT 10' stage
Swami Ramdev performs Mallkhamb stunts on 'IGT 10' stage
Source: IANS
2023-10-14 03:00:28 pm
Japan`s Sony says India unit`s merger with Zee likely delayed 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."This transaction was expected to be completed by the end of the first half of fiscal year 2023, but based on the current state of preparation, we expect completion within the next few months," Sony said in a statement.Sony did not elaborate on the reason for the delay.The merger to create a $10 billion media...
Japan`s Sony says India unit`s merger with Zee likely delayed
Japan`s Sony says India unit`s merger with Zee likely delayed
Source: Reuters
2023-09-29 01:42:44 pm
Amitabh Bachchan, Vicky Kaushal bond over cricket on 'KBC 15' Megastar Amitabh Bachchan and Vicky Kaushal indulged in a very engaging conversation circling around the cricket, and shared delightful anecdotes.In the upcoming episode of the quiz-based reality show 'Kaun Banega Crorepati 15', viewers will witness the entry of Bollywood actors Vicky Kaushal and Manushi Chhillar. The duo will be seen promoting their upcoming movie 'The Great Indian Family'.In a surprising twist of events, our very own Punjabi Munda, Vicky will spill the beans on things he do...
Amitabh Bachchan, Vicky Kaushal bond over cricket on 'KBC 15'
Amitabh Bachchan, Vicky Kaushal bond over cricket on 'KBC 15'
Source: IANS
2023-09-16 09:57:55am