MUMBAI: Japanese major Sony Corp, which owns Sony Pictures Networks India (SPN) is likely to create a new joint venture with Mukesh Ambani’s Reliance Industries-owned TV18 Broadcast, which will house all the entertainment assets of both the companies, two people with direct knowledge of the development told ET.
Sony will own a majority 51% stake in the proposed JV, while TV18 will own the remaining 49%. As part of the deal, the two companies will transfer 100% of SPN, 51% of TV18’s share in...
Sony, RIL’s TV18 may form joint venture for entertainment business
Sony will own a majority 51% stake in the proposed JV, while TV18 will own the remaining 49%. As part of the deal, the two companies will transfer 100% of SPN, 51% of TV18’s share in...
Sony, RIL’s TV18 may form joint venture for entertainment business