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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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JioStar’s Chief Revenue Officer Ajit Varghese Quits
Inc42
·
7d ago
Medial
Ajit Varghese, chief revenue officer at Reliance-backed JioStar, has resigned. He is set to join Madison Media as group CEO, overseeing its outdoor advertising vertical, OOH. Mahesh Shetty, JioStar’s head of revenue and large customer base business, will replace Varghese as CRO. This change follows the completion of the Reliance-Disney merger and JioStar's formation in November 2024.
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Zee CTO Nitin Mittal quits
Thehindubusinessline
·
1y ago
Medial
Nitin Mittal, President of Technology and Data at Zee Entertainment Enterprises, has resigned. This follows the departure of Rahul Johri, the head of revenue and monetization. As a result, the technology and data vertical has been restructured, with new leaders assigned to different areas of responsibility. According to a statement from Zee, the changes are focused on accountability, cost-effectiveness, and quality. The company is aiming to cut costs, reduce business overlap, and improve quality following the collapse of its merger with Sony Pictures Entertainment.
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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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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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Cred's head of risk Kunal Kashyap quits, set to join Slice
Economic Times
·
1y ago
Medial
Kunal Kashyap, former head of risk at fintech unicorn Cred, has resigned to join rival firm Slice, which is set to become a bank after merging with North East Small Finance Bank. Kashyap will be overseeing the credit business within the newly-formed bank once regulatory authorities approve the merger. Cred's credit business has become a significant revenue source, prompting Kashyap's departure. Slice is gearing up for banking operations and has appointed Satish Kumar Kalra as CEO for the banking entity. Slice reported an operating revenue of Rs 846 crore and a net loss of Rs 405 crore in FY23.
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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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Sony gaming chief Jim Ryan to retire, group president to be interim head
Economic Times
·
1y ago
Medial
Sony gaming chief Jim Ryan is set to retire, with Sony Group President Yoshida Kenichiro taking over as interim head, according to sources. Ryan served as the CEO of Sony Interactive Entertainment, overseeing the launch of the PlayStation 5. Sony is expected to make an official announcement soon.
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Sony Pictures CEO Tony Vinciquerra to step down; Ravi Ahuja named successor | Mint
Livemint
·
10m ago
Medial
- Sony Pictures Entertainment (SPE) announces a leadership transition. - Tony Vinciquerra to step down as Chairman and CEO on January 2, 2025. - Ravi Ahuja, Chairman of Global Television Studios and President and COO, will succeed Vinciquerra as President and CEO. - Vinciquerra will remain as non-executive Chairman and advisor until the end of 2025. - Kenichiro Yoshida, Chairman and CEO of Sony Group, praises Vinciquerra's leadership and strategic decisions. - Ravi Ahuja brings extensive experience from successful entertainment companies and joined SPE in 2021.
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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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