Sony files lawsuit against MX Player for unpaid dues of over Rs 31 crore
The Delhi High Court has directed MX Media to keep aside Rs 31.25 crore from its sale of assets to settle the outstanding amount owed to Sony.
Source: afaqs.com
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Zee seeks termination fee of $90 million from Sony for calling off $10 billion deal
Zee Entertainment made headlines on Thursday by terminating its $10 billion media deal, demanding a $90 million termination fee from Sony Group Corporation's India media unit, Culver Max Entertainment, and Bangla Entertainment Pvt. Ltd. (BEPL). Previously, the media company disclosed that it had suffered merger-related expenses of Rs 432 crore between 2023-24 and 2022-23 due to the unsuccessful merger attempt with Sony Group Corporation's India media unit, Culver Max Entertainment.
Source: indiatimes.com
Zee Entertainment Faces Rs 432 Crore Hit from Failed Sony Merger
Zee Entertainment incurred Rs 432 crore in expenses over two fiscal years owing to its failed merger with Sony's Culver Max Entertainment
Source: outlookindia.com
Zee incurred Rs 432 crore on failed merger with Sony Group Corporation
The firm's merger-related costs were Rs 256 crore in 2023-24 and Rs 176 crore in the previous year.
Source: afaqs.com
India has great growth potential will find another opportunity post Zee merger collapse Sony
(This story has not been edited by THE WEEK and is auto-generated from a PTI
Source: theweek.in