The newly merged company will be home to 75 TV channels, two streaming services, two film studios, a digital content studio and an expanded library.
, the parent company of SPNI, hold a majority stake in the merged company, which will be publicly listed in India.
The deal creates a company that oversees 75 linear TV channels, two well-established streaming services , two major film studios, a digital content studio and a combined program library with several thousand films and series. Zee CEO Punit Goenka will lead the company with SPNI MD and CEO N.P. Singh joining the board. Singh is moving up SPE’s corporate ladder, taking on the chairmanship of Sony Picture India and reporting toThe combined company’s board of directors would include directors nominated by SPE, with the group having the right to nominate the majority of the board members.
SPE will inject capital into SPNI, approximately $1.575 billion, as part of the growth plan for the merged company that includes building out its digital platforms and bidding for sports rights.
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