Media & Entertainment Newsletter - September 18 to September 22, 2017

This week, “Zee Entertainment Enterprises has completed first phase of the transaction for sale of sports broadcasting business of the company to Sony Pictures Networks India (SPNI) and its affiliates, upon receipt of USD 330 million out of total consideration of USD 385 million.”

Sep 23, 2017 10:09 IST India Infoline News Service

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Den Networks receives NCLT nod for demerger

Den Networks informed that the National Company Law Tribunal (NCLT) has approved the demerger of its broadband undertaking with its wholly-owned subsidiary company. A scheme of arrangement for the demerger of broadband undertaking/internet service provider business of Den Networks with Skynet Cable Network, a fully-owned subsidiary company of Den, has been approved by the NCLT, said the company in a BSE filing on Wednesday post market hours. Read More

Entertainment Network commences radio broadcast in Jammu

Entertainment Network (India) informed that the company has commenced broadcast from its radio stations in Jammu. The company said that Mirchi 98.3 has started operations in Jammu. It will be the company's 50th station in its Mirchi’s network. The company had acquired the broadcast rights under Phase 3 auctions held last financial year. Read More

Zee Entertainment completes sale of sports business to Sony

Zee Entertainment Enterprises has completed first phase of the transaction for sale of sports broadcasting business of the company to Sony Pictures Networks India (SPNI) and its affiliates, upon receipt of USD 330 million out of total consideration of USD 385 million. Read More

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