The Japan-headquartered company will also streamline its TV business.
On February 18, CEO Kunal Das Gupta had put in his papers. Company sources say around a dozen senior executives also resigned with Almeida on Thursday. Based on viewership ratings, Sony TV is currently a distant fourth in the rankings of entertainment channels, behind Star Plus, Colors, and Zee TV.
The CCI has asked the companies to explain within 30 days why an investigation should not be ordered.
Paramount Global has agreed to sell its 13 per cent stake in its Indian TV business to Reliance Industries for Rs 4,286 crore, the Indian firm said on Thursday. In a stock exchange filing, Reliance said it has signed a binding agreement with two subsidiaries of Paramount Global to acquire 13.01 per cent equity stake of Viacom 18 Media Private Limited held by Paramount Global. Similarly, in a filing on the US Securities and Exchange Commission (SEC), Paramount Global said the closing of the transaction is subject to the satisfaction of certain customary conditions, including receipt of applicable regulatory approvals, as well as the completion of a previously announced joint venture involving Reliance, Viacom18 and Star Disney.
Today, Sony has 124 channel feeds in 160 countries.
Sony Ericsson users in India will now be able to dial for entertainment services, watch recorded TV clips, and download a range of rich content on their handsets.
Poonam Dhillon talks about her new television series, films and much more.
The Indian cricket board's official Twenty20 League (IPL) has secured a 10-year rights contract worth more than $1 billion ahead of its launch in April, organisers said on Monday.
More than 50 per cent of SIP accounts come from semi-urban and rural areas.
Both sports and digital will drag down the healthy operating margins that entertainment television continues to make.
Kis Kisko Pyaar Karoon special screening.
Tarun Katial of Star Network has joined Sony Entertainment Television to oversee the channel's creative content, programming and on-air promotions.
Kaun Banega Crorepati-4 (KBC-4), hosted by Amitabh Bachchan, got an average TV rating of 5.5 in its final episode, according to data from TVR agency aMap. The closing episode had a peak rating of 7.4, it said. TVRs denote the percentage of viewers who watched the show for a stipulated period.
Billionaire Mukesh Ambani-led Reliance Industries has completed the merger of its media assets with the India business of global media house Walt Disney and formed a joint venture with a valuation of over Rs 70,000 crore. The JV will be one of the largest media and entertainment companies in India with a combined revenue of approximately Rs 26,000 crore and will be led by Nita Ambani as its chairperson, according to a joint statement.
BBC to join OneAlliance platform, to outsource sales to MSM.
'The IPL is by the biggest sports property in the country and having it will give any digital video player an edge.'
Sony is eyeing significant growth focusing on fewer product categories - without targeting the mass market.
Sony said on Monday it is in talks with broadcasters in India for developing high definition television to extend its global leadership in the segment. Sony, which claims 80 per cent share of the world's high definition TV market, is preparing to establish strong presence in India once the government allows HD broadcasting.
The consortium of Sony Entertainment Television and World Sports Group, which paid BCCI $60 million (Rs 240 crore) as the telecast rights fee for the first season of the Twenty 20 league has already recovered its money. Sony-WSG will together earn around Rs 380 crore (Rs 3.8 billion) worldwide from the league. Sony is confident of selling 11,800 seconds across 59 matches, at a premium. Vodafone, Godrej, Hyundai, Coca-Cola & Max New York and StanChart has already booked spots.
Unprecedented bribery charges, farewells, separation, failed union, monumental mergers and record-breaking IPOs, along with a healthy dose of online happenings in the form of spat and lessons in customer care, corporate India saw it all in 2024.
Sony Pictures Television, a wholly owned subsidiary of the US-based Sony Pictures Entertainment, has inked a deal with these shareholders to acquire 32 per cent stake for $271 million (about Rs 1,512 crore).
Internet search engine giant Google has teamed with Intel and Sony to develop Google TV, a platform for bringing the web into the living room via televisions and set-top boxes
Sanskaar actor Jay Soni got married on February 18.
Mona Singh talks about hosting Entertainment Ke Liye Kuch Bhi Karega on Sony Television.
Sunil Nayyar moved to India as head of sales for Sony.
It said it will challenge the BCCI's decision to award the rights for the India-Australia series to Sony in the Supreme Court.
Sony Entertainment Television, which recently bagged the telecast rights of the Indian Premier League, hopes to earn over Rs 300 crore (Rs 3 billion) as advertising revenue in the first season of the Board of Control for Cricket in India-promoted Twenty20 tournament.
India's huge market is a major draw for sponsors and advertisers, who often plan product launches around major cricket events and book advertising slots in advance, which in turn leads to a race between broadcasters to secure content.
Sony eyes a 2 billion payoff from telecasting the Fifa World Cup.
Sony has been given the satellite rights for the series for USD 11.5 million.
