Zee-Sony Merger: Industry Experts Show Green Light After NCLT Nod

The merger of Zee Entertainment (Zee) and Sony Pictures Network India (SPNI) approved by the National Company Law Tribunal last week is seen as positive news by industry experts.

The combined entity is anticipated to be worth over $10 billion and hold close to one-fourth of the market. In addition, Zee5 and Sony LIV, two digital platforms, and movie studios, furthermore, roughly 70 channels would also be part of the combined company.

If the deal closes successfully, the merged Zee-Sony entity will rank second in terms of revenue in the Indian TV market. The success of the combined company's digital products, a rising market where bids for content rights have surpassed those for television, will determine how much additional revenue Zee Entertainment can make, as a result of merge with Sony in India,

Following the announcement of the deal on Friday, Zee's shares shot up. As a result of the NCLT's unequivocal approval of the Zee-Sony merger, the stock of Zee soared, ended at Rs 271.05 per share on BSE.

On Monday, the stock opened at Rs 271.10 per share, up 1.27% from previous close. It zoomed 16.36% in the last 1 week, while it zoomed 13.52% in the last 1 year. The stock hit 52-week high on Sept 10, 2023, at Rs 290.50 per share and 52-week low on June 20, 2023 on BSE.