Sony Pictures Entertainment chairman and CEO Tony Vinciquerra has confirmed that the company is exploring merger and acquisition opportunities in India following the failed merger with Zee Entertainment.
Vinciquerra made his comments while speaking at the company’s Business Segment Meeting 2024.
“We have several other conversations going on right now that could or might possibly end up in something that will help us in the marketplace. We are not concerned about our survival, as we have a very good business there,” he highlighted.
Going by media reports, SPE’s India arm approached Viacom18 back in 2020 to combine the two businesses. It was also reported that there could be a strategic alliance between Sony and Sun TV Network. However, there has been no confirmation so far.
Vinciquerra also mentioned that the company is looking at various candidates to take over as chief executive in place of NP Singh, who announced last week that he was stepping down from his role as SPNI managing director and CEO late last week after 25 years at the network.
Per reports, Gaurav Banerjee, Disney India’s head – Content (Hindi Ent. & Disney+ hotstar) and Business head – Star Bharat, Hindi & English Movies, Kids & Infotainment & Regional (East), will be taking over from Singh at SPNI (the consumer-facing identity of Culver Max Entertainment Private Limited, which is an indirect wholly owned subsidiary of Sony Group Corporation, Japan).
