TEN becomes eleven; Sony buys Zee’s sports channels

ZEE sells Ten Sports to Sony for $385 mn

 

ZEE sells Ten Sports to Sony for $385 mn

With this sale, Zee has essentially exited the sports broadcast business, making the Indian market a duopoly between SPN and Star India

Urvi Malvania  |  Mumbai  September 1, 2016

Marking the second largest deal in media and entertainment in recent times, Networks India (SPN) has bought media firm Enterprises (ZEEL)-owned bouquet of channels for $385 million (approximately Rs 2,600 crore) in an all-cash deal.

With this, SPN has cemented itself as a strong competitor to Star India, increasing its bouquet strength to nine channels in the country. Star India operates eight sports channels under the Star Sports brand.

http://www.business-standard.com/article/companies/zee-sells-ten-sports-to-sony-for-385-mn-116083100446_1.html

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s