With the government easing foreign direct investment (FDI) rules, Sony Pictures Networks (earlier known as Multi Screen Media) has withdrawn its proposal seeking approval from the Foreign Investment Promotion Board (FIPB) for entering into a 74:26 joint venture (JV) with BBC Worldwide to launch factual entertainment channel Sony BBC Earth.
The government had recently revised FDI in non-news and current affairs channels to 100 per cent through the automatic route, as part of its FDI...
Sony needs no FIPB nod for JV with BBC as FDI norms ease
The government had recently revised FDI in non-news and current affairs channels to 100 per cent through the automatic route, as part of its FDI...
Sony needs no FIPB nod for JV with BBC as FDI norms ease