Campaign India Team
Jun 21, 2023

Sony Pictures Entertainment breaks silence on Zee merger

Releases a statement from its headquarters amid speculation over the merger and SEBI's interim order

Sony Pictures Entertainment breaks silence on Zee merger

Due to mounting speculation, Sony Pictures Entertainment (SPE), released a statement from its headquarters surrounding its merger with Zee. 


SEBI (Securities and Exchange Board of India) has released an interim order against Subhash Chandra and Punit Goenka, former members of Zee. 


The regulatory body has imposed a one-year ban on Chandra and Goenka for misappropriation of the listed entity's funds. 


In 2021, The two media companies signed agreements to combine their linear networks, digital assets, production operations and program libraries. 


The statement shared by SPE on the issue at hand read, “There have been several erroneous press reports recently speculating about the future of ZEE’s planned merger with SPNI following SEBI’s interim order against Subhash Chandra and Punit Goenka. We take very seriously the SEBI interim order and will continue to monitor developments that may affect the deal.”

Campaign India

Related Articles

Just Published

13 hours ago

I only endorse what I believe in: Actor Sonam Kapoor

EXCLUSIVE: From Bollywood to brands to businesses, the multi-hyphenate star sits down for a candid chat with Campaign on balancing ambassadorship deals with integrity, her love for luxury, and why authenticity is her ultimate accessory.

15 hours ago

Omnicom reports 5.2% organic growth in Q2, APAC trails

Omnicom's Q2 2024 earnings surpass estimates on the ad market strength. But while the group achieved strong revenue gains globally, APAC lagged behind other regions.

15 hours ago

Why being an active ally goes beyond Pride Month

Despite Pride Month being over, Dentsu's Aditya Narain says people need to continue educating themselves about LGBTQIA+ issues, speaking out against discrimination, and standing up for rights in everyday situations.

18 hours ago

86% of Indians prioritise DEI while making brand ...

Kantar’s Brand Inclusion Index, which debuted in India, reveals that progressive advertising is proven to drive sales.