The first half of the two-phase acquisition of the TEN Sports Network from Zee Entertainment Enterprises Limited (ZEEL) has been completed. On completion of the first phase, nine sports channels will be available on Sony Pictures Networks sports channels’ cluster.
Sony Six, Sony Six HD, Sony ESPN, Sony ESPN HD, Ten 1, Ten 1 HD, Ten 2, Ten 3 and Ten Golf HD will now be available on the new sports channels’ cluster. The second phase of the acquisition will consist of other operations and assets.
Commenting about the development, NP Singh, CEO, Sony Pictures Networks India, said: “I am delighted that the teams from SPN and ZEE have completed this core phase of the transaction in good time. SPN is now equipped, better than ever, to offer its viewers premium sporting content with a sports portfolio that includes every major sport and many international as well as domestic leagues. We are now stepping into the integration process to facilitate a seamless transition”.
On the other hand, Punit Goenka, Managing Director, Zee Entertainment Enterprises Limited, revealed: “Great job done by the teams from SPN and ZEE in facilitating the closure of this phase of the transaction. I am confident that the TEN Sports Network will reach new levels of consumer engagement under the nurturing guidance of SPN”.