Sony Pictures Networks India And Zee Entertainment Enterprises Are Set To Merge

Sony Pictures Networks India (SPNI) and Zee Entertainment Enterprises Ltd. (ZEEL) announced that they have entered into an exclusive, non-binding Term Sheet to combine both companies’ linear networks, digital assets, production operations and program libraries. The non-binding Term Sheet provides an exclusive negotiation period of 90 days during which ZEEL and SPNI will conduct mutual diligence and negotiate definitive, binding agreements. The combined company would be a publicly listed company in India and be better positioned to lead the consumer transition from traditional pay TV into the digital future.

The merger of ZEEL and SPNI would bring together two leading Indian media network businesses, benefitting consumers throughout India across content genres, from film to sports. The combined company is expected to benefit all stakeholders given strong synergies between ZEEL and SPNI.

Under the terms of the non-binding Term Sheet, Sony Pictures Entertainment, the parent company of SPNI, would invest growth capital so that SPNI has a cash balance of approximately USD $1.575 billion at closing for use to enhance the combined company’s digital platforms across technology and content, ability to bid for broadcasting rights in the fast-growing sports landscape and pursue other growth opportunities. Sony Pictures Entertainment would hold a majority stake in the combined company. Current ZEEL Managing Director & CEO Punit Goenka is to lead the combined company.

About Sony Pictures Networks India (SPNI):
Sony Pictures Networks India (SPNI), is an indirect wholly owned subsidiary of Sony Group Corporation, Japan. SPNI has several channels in Africa including Sony Entertainment Television (SET and SET HD), one of India's leading Hindi general entertainment television channels; MAX, India's premium Hindi movies and special events channel, the digital entertainment.
SPNI reaches out to over 700 million viewers in India and is available in 167 countries.

About ZEE Entertainment Enterprises Ltd.:
Zee Entertainment Enterprises Ltd. is a media & entertainment powerhouse offering entertainment content to diverse audiences. With a presence in over 173 countries and a reach of more than 1.3 billion people around the globe, ZEEL is among the largest global content companies across genres, languages, and platforms. The company operates brands such as Zee TV, Zee Cinema and Zee World.

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SPI International Launches A Digital Version Of Their Top Performing Turkish Channel, Dizi

Global media company SPI International unveils their new digital streaming service, Dizi, which will offer a selection of critically-acclaimed Turkish series as well as the best series, telenovelas and soap operas from all over the world depending on the demands of the local markets. Dubbed the Home Of Good Stories, Dizi combines the lean-back and lean-forward viewing experiences with a linear channel offer and a large selection of on-demand content.
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“The launch of the Dizi streaming service signifies the evolution of the Dizi brand into a fully integrated service that combines linear and on-demand content propositions to bring the best series from Turkey and beyond to all available screens around the globe,” comments Berk Uziyel, CEO at SPI International. “As a part of SPI’s macro strategy, we offer good movies spanning all genres under one roof via FilmBox’s "Home of Good Movies". Now with our Dizi brand, we introduce the "Home of Good Stories", where in addition to some of the most sought-after Turkish series, viewers can expect to see top-quality series with powerful storylines from around the world in the future,” adds Uziyel.
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The service’s global debut will take place this week at a NEM Dubrovnik event. In reference to the new product, SPI's Chief Marketing Officer Haymi Behar says: “The Dizi app builds on the success of the Timeless Dizi Channel and features around 400 hours of content from an inventory of critically-acclaimed series such as Black Money Love, Kurt Seyit & Shura and Insider with new episodes added monthly. The app will feature English, Polish and Spanish localized interfaces and 13 language options and more will be added in time. The Dizi service will both enable viewers to tune into the linear channel and watch episodes on-demand through their preferred devices at their leisure.”

Subscribers can access the service at www.dizi.com via web, download the mobile app that’s compatible with iOS and Android operating systems or stream their favorite content through the Smart TV app that’s available for Apple TV and soon-to-come for Android TV, Samsung and LG Smart TV devices. Dizi service also aims to integrate with many platforms and partner operators worldwide to provide their subscribers a seamless entertainment experience and the option to discover new series on demand.

For those who were upset with MultiChoice for terminating the channel and those who want to view the content in English. Good news the above fits your tastes.

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