ZEE, Sony willing to shut some TV channels for merger: Report

Zee Entertainment Enterprises (ZEE) and Sony Group have assured the antitrust regulator Competition Commission of India (CCI) that they will shut down TV channels in the relevant markets if needed for their merger, according to a report by The Economic Times quoting sources.

The anti-trust regulator had earlier expressed concerns that the ZEE-Sony merged entity with a “humongous market position” would allow them to enjoy “un-paralleled bargaining power”.

There are a few markets, including Hindi entertainment and a few regional ones, where their combined share after the merger will be more than the 40 per cent threshold.