Zee asks for termination fee of $90 million from Sony indiainfoline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiainfoline.com Daily Mail and Mail on Sunday newspapers.
Zee Entertainment made headlines on Thursday by terminating its $10 billion media deal, demanding a $90 million termination fee from Sony Group Corporation s India media unit, Culver Max Entertainment, and Bangla Entertainment Pvt. Ltd. (BEPL). Previously, the media company disclosed that it had suffered merger-related expenses of Rs 432 crore between 2023-24 and 2022-23 due to the unsuccessful merger attempt with Sony Group Corporation s India media unit, Culver Max Entertainment.