Sony Pictures acquire TEN Sports Networks
By iSportconnect | August 31, 2016
Sony Pictures Networks is to pay $385 million to acquire TEN Sports Networks.
“The acquisition of TEN Sports, following the launch of SONY ESPN channels, will mean that our Indian networks would reach over 800 million viewers and broadcast many of the most popular and prestigious sporting events in the world,” said Andy Kaplan, president, Worldwide Networks, Sony Pictures Television.
Punit Goenka, MD of ZEEL, said: “This is a landmark deal for ZEE and a step towards a strategic portfolio shuffle, as we grow our general entertainment business bothin the domestic and overseas markets… our focus now is on transforming ourselves into an all-round media and content company, comprising of five verticals: broadcast, digital, films, live events and international business.”