Acquisitions & Mergers
Zee wants Sony to pay a $90 million termination fee.


By Kajal Sharma - 24 May 2024 01:31 PM
Zee Entertainment said on Thursday that in order to terminate the $10 billion media pact, it has requested that Bangla Entertainment Pvt. Ltd. (BEPL), Culver Max Entertainment, and the India media division of Sony Group Corporation pay a termination fee of $90 million.sixteen hours beforeZee Entertainment announced on Thursday that it has demanded payment of a termination fee of $90 million from Bangla Entertainment Pvt. Ltd. (BEPL), Culver Max Entertainment, and the India media business of Sony Group Corporation in order to end the $10 billion media contract.sixteen hours prior toZee Entertainment said on Thursday that in order to terminate the $10 billion media contract, it has demanded payment of a termination fee of $90 million from Bangla Entertainment Pvt. Ltd. (BEPL), Culver Max Entertainment, and the Sony Group Corporation's India media unit.sixteen hours before