Zee, Sony agree to sell three channels

Media groups Sony and Zee have agreed to sell three Hindi channels— Big Magic, Zee Action and Zee Classic — to address possible anti-competition concerns arising out of their proposed merger deal.

This is for the first time that channels are being sold as part of a media merger. All these three channels are at present part of the Zee network.

While Big Magic is a Hindi general entertainment channel (GEC), the other two are Hindi film channels.