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Sony Group cancels plans to merge its Indian unit with Zee Entertainment

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2 years ago

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Sony Group has decided to abandon the $10 billion merger of its Indian unit Culver Max Entertainment with broadcaster and streamer Zee Entertainment Enterprises Limited (ZEEL), following apparent complications with the shareholders of the Indian company. The two companies had set a January 21 deadline to close the deal. “The merger did not close by the end date as, among other things, the closing conditions to the merger were not satisfied by then," wrote Sony Group in a statement, noting that S...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

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Creative Industries

Universal Music Group confirms receiving ‘unsolicited and non-binding’ acquisition proposal from Pershing Square

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11 minutes ago

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April 8, 2026

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Universal Music Group has confirmed that its Board of Directors has received "an unsolicited and non-binding proposal" from Pershing Square Capital Management, L.P. to acquire the company for €56 billion in cash and stock. "The Board of Directors, together with its advisors, will review the proposal in accordance with its fiduciary duties and analyse its implications for shareholders, employees, artists, songwriters and other stakeholders," said UMG in a statement. The statement continued: "The...

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Creative Industries

Warner Chappell Music renews global publishing deal with Laufey

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24 minutes ago

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April 8, 2026

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Warner Chappell Music (WCM), the publishing division of Warner Music Group, has renewed its global publishing deal with Icelandic-Chinese composer, singer, producer, and multi-instrumentalist Laufey Lín Bing Jónsdóttir, known as Laufey. “Excited to be in continued business with the wonderful, progressively minded people at Warner Chappell. Thank you to Gabz, Guy, Carianne, Ryan and David for their belief and partnership," said Laufey. Raised between Reykjavik, Iceland and Washington, D.C., Laufe...

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Calendar — Week 14, 2026

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35 minutes ago

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April 8, 2026

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2026 APRIL 2026 – April 9-10: Tallinn Music Week in Estonia.

- April 21: Assemblies of the Member States of the World Intellectual Property Organisation (WIPO) in Geneva, Switzerland. – April 22-24: IMS Ibiza 2026, presented in partnership with AlphaTheta, at the Mondrian & Hyde Ibiza. - April 26: World Intellectual Property Day initiated and coordinated by the World Intellectual Property Organisation (WIPO). This year's theme is 'IP and Sports: Ready, Set, Innovate'. ...

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