India’s merger with Sony & Zee to produce TV substations challenging Disney
Industry officials declared that the merger of India’s Zee and a domestic system of Japan’s Sony Group Corp would create a television powerhouse to take more advertisement income, testing top competitor Walt Disney Co in a significant growth market. With about 75 stories, recreation, sports, and entertainment channels in more than ten languages, the Sony-Zee alliance succeeds to become India’s most important player, with a business share of 27%, excelling that of Disney’s Star India at 24%. “This will give them significant delivery muscle and an ad wallet,” Uday Sodhi, a former Sony Digital head in India, told Reuters. “They…