GECs
Sony, ZEEL deal scrapped over valuation differences: report
MUMBAI: Discussion between Japan’s Sony Corporation buying 20 to 25 per cent stake in the Subhash Chandra-led Zee Entertainment Enterprises Ltd (ZEEL) has been scrapped due to valuation differences, according to a report by Economic Times.
The development has cleared the way for a consortium of US telecom conglomerate Comcast along with its partner investment firm Atairos to take over the talks.
ET had stated earlier that Chandra has been looking to sell a stake in the company in order to repay promoter debt worth Rs 13,000 crore.
ZEE’s spokesperson said, “ZEE’s stake sale process is in steady progress and in line with the previously communicated timelines. The company is in a steady dialogue with all potential prospective partners. Any additional details cannot be shared at this stage, due to the confidentiality agreements.”
Besides Sony and Comcast-Atairos, iPhone maker Apple was also in talks with Chandra for a bid, but Zee has not shown as much interest in the Tim Cook-led company and hasn’t responded with an offer, the report added.
Sony had made a bid to merge its existing operations with ZEEL and had also offered a cash buyout option. Comcast, on the other hand, is open to promoters staying on as junior partners and will consider buying them out fully at a later date, the ET report stated.
GECs
Samsung TV Plus launches Kings of Comedy channel
New free FAST channel brings iconic Hindi comedy shows to millions of Samsung Smart TV owners.
MUMBAI: Samsung TV Plus has just turned up the laughter volume and it’s completely free. The leading free ad-supported streaming television (FAST) service in India has launched Kings of Comedy, a premium comedy channel featuring some of the country’s most beloved primetime shows. Available exclusively on Samsung TV Plus, the channel delivers back-to-back hits including Comedy Nights with Kapil, Khatra Khatra Khatra, and Comedy Nights Bachao, with no login or subscription required.
The launch marks a milestone for free streaming in India, offering audiences a dedicated comedy destination directly from their Samsung TV home screen. It arrives as Samsung TV Plus India celebrates its 5th anniversary, during which the service has grown its monthly active users by 42 per cent and more than doubled its total viewing hours. The platform now offers over 180 free channels across 14 languages.
Samsung TV Plus India general manager and head of business development Kunal Mehta said, “Comedy is the heartbeat of Hindi entertainment, and Kings of Comedy brings together the shows Indians already love, completely free on their Samsung TV. Our focus remains the same take the content people know and make it effortless to access.”
Globally, Samsung TV Plus has surpassed 100 million monthly active users across more than 4,500 channels, solidifying its position as one of the world’s leading free streaming services.
Kings of Comedy is now available on all compatible Samsung Smart TVs. For viewers seeking non-stop laughter without any cost, this new channel delivers a royal treat proving that sometimes the best entertainment really does come with no strings (or subscriptions) attached.
