Top Story


Home >> Media - TV >> Article

Sony India reacts to media reports on ongoing investigation

Font Size   16
 Sony India reacts to media reports on ongoing investigation

There have been media reports alleging that Sony Corp’s entertainment unit investigated its Indian operations for possible legal violations, including bidding fraud and kickbacks, according to internal e-mails released by hackers, highlighting challenges the company has faced in the country.

“Sony Pictures is strongly committed to business ethics and the investigation of allegations of wrongdoing that might arise anywhere in the world.  If wrongdoing is identified, we take appropriate action.  This investigation is on-going.” said a Sony Pictures Entertainment spokesperson reacting to media reports.

According to a recent Bloomberg report, Sony enlisted Ernst & Young to look into its businesses in the country and uncover potential evidence of wrongdoing, according to the e-mails accessed by Bloomberg. The probes, which haven’t been reported on before, put a spotlight on business practices at one of Sony’s key markets. The company generates more revenue from TV programming in India, with an audience twice the size of the U.S. population, than in any other market, largely thanks to its rights to broadcast Indian Premier League cricket, the report stated.

In this week's chillout, Gupta shares her weekend routine that not only helps her deal with the high stress of corporate life but also allows her to create some cherished memories. Read on…

NP Singh, CEO of Sony Pictures Networks India, talks of SPN’s growth drivers, pay wall for content, sharing IP and more…

The future of the industry will be 1:1 advertising as traditional channels, like television, become more addressable: Bryan Kennedy, Epsilon

The Founder of Pocket Aces shared his insights on how the consumption of content has evolved and how digital media is growing as the preferred medium of entertainment.

Nikhil Kumar will report to Paritosh Srivastava, COO, Publicis India

On the back of resounding success of its maiden work for Motilal Oswal, Mullen Lintas has introduced a sequel in different settings; again, reinforcing the image of Motilal Oswal as ‘Experts in Equity...

Sony Ten 1 took over Star Sports 1 Hindi to lead the sports genre with three of its properties making it to the Top 5 Programs for BARC Week 46