Top Story

e4m_logo.png

Home >> Media - TV >> Article

SPN completes first phase of Ten Sports Network acquisition

01-March-2017
Font Size   16
Share
SPN completes first phase of Ten Sports Network acquisition

Sony Pictures Networks India (SPN) and its affiliates have completed the first phase of the two-phase acquisition of TEN Sports Network from Zee Entertainment Enterprises Limited (ZEE) and its subsidiaries.

Following the completion of this phase of the acquisition, SPN’s cluster of nine sports channels will now include:

  • Sony SIX and Sony Six HD
  • Sony ESPN and Sony ESPN HD
  • TEN 1, TEN 1 HD, TEN 2, TEN 3, and TEN Golf HD

Certain other operations and assets will be included in the final phase of the acquisition, subject to certain closing conditions, which is expected to be completed in the next few months.

NP Singh, CEO, Sony Pictures Networks India, said, “I am delighted that the teams from SPN and ZEE have completed this core phase of the transaction in good time. SPN is now equipped, better than ever, to offer its viewers premium sporting content with a sports portfolio that includes every major sport and many international as well as domestic leagues. We are now stepping into the integration process to facilitate a seamless transition.”

Punit Goenka, Managing Director, Zee Entertainment Enterprises Limited, said of the same, “Great job done by the teams from SPN and ZEE in facilitating the closure of this phase of the transaction. I am confident that TEN Sports Network will reach new levels of consumer engagement under the nurturing guidance of SPN. I wish them the best. I’ll be tuning in regularly.”

Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Information System for all the major bus depots in Bangalore.

Software and Technology, Consulting, Healthcare seem to be increasingly using Webinars to engage with their clients and employees

Chandy indulges in his love for reading and learning something new over the weekends

Though revenue from media operations grew by 10.6% yoy to Rs 760.8cr, the film production revenue declined by 18.0% yoy

At the inaugural one-on-one session between Aroon Purie, Chairman & Editor-in-chief of India Today Group and Anurag Batra, Chairman & Editor-in-chief BW Businessworld & Exchage4media Group, Purie spok...

At the 11th Indian Magazine Congress in New Delhi Rajdeep Sardesai, Consulting Editor, India Today, remembered the time when he used to work for Times of India