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Mukund Acharya joins Sony Pictures Networks India as chief technology officer
Economic Times
·
1m ago
Medial
Mukund Acharya has been appointed as the Chief Technology Officer (CTO) of Sony Pictures Networks India (SPNI). Previously, Acharya led engineering at Disney+ Hotstar, now JioHostar. In his new role, he will drive digital transformation and align technology with business strategies across SPNI’s platforms. With 29 years of experience, he brings expertise in platform engineering and innovation. Acharya will report to Gaurav Banerjee, CEO, and collaborate with Sony LIV’s leadership for platform growth.
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Neeraj Vyas quits as business head of Sony Pictures Networks India with new CEO set to join | Mint
Livemint
·
1y ago
Medial
Neeraj Vyas, business head of Sony Entertainment Television, Sony SAB, PAL, and Sony MAX movie cluster, will leave Sony Pictures Networks India (SPNI) on 31 August. Gaurav Banerjee will take over as the managing director and CEO this month. Vyas played a key role in developing various businesses at SPNI. He will embark on his entrepreneurial journey. Vyas began working at SPNI in sales and has held various leadership positions since then. Under his guidance, Sony SAB was repositioned as a premium entertainment brand.
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Sony Pictures Networks India appoints Disney Star’s Gaurav Banerjee as MD, CEO
Livemint
·
1y ago
Medial
Sony Pictures Networks India (SPNI) has appointed Gaurav Banerjee as its new managing director and chief executive, taking over from NP Singh. Banerjee, who previously served as head of content for Hindi entertainment and Disney+ Hotstar, will lead teams in exploring new frontiers in original programming, enhancing viewer experiences, expanding distribution, and boosting revenues. Singh will continue as non-executive chairman until the end of the fiscal year to support the transition. Ravi Ahuja, chairman of Global Television Studios, expressed confidence in Banerjee's ability to continue driving SPNI's success.
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Zee-Sony merger: NCLT recalls approval of $10 billion deal after both parties agree to terminate scheme, settle claims | Mint
Livemint
·
10m ago
Medial
The National Company Law Tribunal (NCLT) in Mumbai has revoked its earlier approval of the $10 billion merger between Zee Entertainment (Zee) and Sony Pictures Networks India (Sony Pictures). The parties reached a settlement agreement and mutually consented to withdraw the merger scheme. Both Zee and Sony resolved their six-month dispute and agreed to drop all claims against each other in ongoing arbitration and legal proceedings. The termination fee of $90 million that was originally sought by each party will not be paid. The merger had been called off in January 2024 due to certain "closing conditions" not being met by Zee.
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Sony Pictures Networks India hires Disney Star’s Gaurav Banerjee as CEO
Livemint
·
1y ago
Medial
Sony Pictures Networks India (SPNI) has appointed Gaurav Banerjee as its new CEO, replacing NP Singh. Banerjee, previously with Disney Star, oversaw content for Hindi entertainment and Disney+ Hotstar. He began his career as a journalist before joining Star India, where he played a vital role in the success of regional entertainment channels and revitalizing Star Plus. Banerjee holds a master's degree in filmmaking and TV production. Singh had announced his departure from Sony after 25 years with the company.
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ZEE seeks $90M termination fee from Sony for calling off merger
YourStory
·
1y ago
Medial
Zee Entertainment Enterprises is seeking a termination fee of $90 million from Sony Group for cancelling their $10 billion merger deal. ZEEL has terminated the Merger Cooperation Agreement due to breaches by Sony Pictures Networks India (Culver Max Entertainment) and Bangla Entertainment. ZEE is now seeking the termination fee from Culver Max and BEPL in accordance with the agreement. Sony had previously initiated arbitration proceedings claiming the same termination fee. The merger between ZEEL and Sony Group entities had been approved by the Mumbai bench of NCLT but was terminated by Sony in January 2024.
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Shark Tank India cracks down on startups using show clips
YourStory
·
1y ago
Medial
Shark Tank India has sent legal notices to several startups for using clips from their pitches on the show for online ads. The incident first came to light after Dorje Teas Founder Sparsh Agarwal, who pitched on the show, put up a post on LinkedIn saying the move from Sony Pictures Networks India was in a bad vein.
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Sony-Zee merger in turmoil over leadership dispute, claims report
Livemint
·
1y ago
Medial
Sony Pictures Networks India (Sony) and Zee Entertainment Enterprises (ZEEL) are facing obstacles in finalizing their proposed merger due to a deadlock over leadership arrangements for the merged entity. Both parties want their respective chiefs to helm the merged media company, leading to a disagreement that has stalled development. The disagreement is primarily centered around the overturned ban on ZEE's CEO, Punit Goenka. Sony is not agreeable to Zee's position and a clarification is expected from Sony next week. The proposed merger has already been approved by ZEEL's shareholders and regulatory bodies.
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Picture imperfect: Why Gaurav Banerjee has an arduous job at Sony
Livemint
·
1y ago
Medial
Sony Pictures Networks India is facing challenges in the Indian TV market, with its entertainment channels struggling to produce popular fiction programming and its presence in sports diminishing. The company's revenue grew by only 2% in 2022-23. To address these issues, Sony has appointed Gaurav Banerjee as the new managing director and CEO. Banerjee, who previously worked for Disney Star, will need to bring new energy to the company and focus on developing successful fiction shows. Additionally, he will need to make SonyLIV, the streaming platform, more relevant and reconsider the company's conservative approach to investments.
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After spurning Zee, Sony sets sights on aha
Livemint
·
1y ago
Medial
Culver Max Entertainment (formerly Sony Pictures Networks India) and Sun TV Networks are reportedly in initial discussions to acquire a strategic stake in Arha Media & Broadcasting, the operator of Indian video streaming platform aha. The potential deal could value aha at INR1,500 crore to INR2,000 crore ($200m to $270m). Both Culver Max and Sun TV are looking to strengthen their content libraries in the regional market. South India accounts for 35% of India's media and entertainment market, with its streaming and digital media segment projected to grow at a CAGR of 25%.
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Zee gears up for legal battle against Sony
Livemint
·
1y ago
Medial
Zee Entertainment Enterprises has filed a case against Culver Max Entertainment (formerly Sony Pictures Networks India) at the National Company Law Tribunal. Zee is seeking directions to implement their merger and contesting Culver Max’s claims in arbitration proceedings before the Singapore International Arbitration Centre. The merger between the two media companies fell through when Sony accused Zee of breaching the terms of their agreement. Zee denies any breach and believes Culver Max is not entitled to terminate the agreement. The merger had received all necessary regulatory approvals but faced resistance from lenders.
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