Sony-Viacom 18 merger deal in final stages

Merger talks between Sony Pictures Networks India (SPN) and Viacom18 have revived, The merged entity will have SPN as the majority shareholder with up to 55% stake while Reliance Industries’ Network18 and US entertainment company Viacom Inc, the 51:49 joint venture partners in Viacom18, will hold minority stakes.

The combined entity will own 77 channels, have close to Rs 10,000 cr in revenues, and an employee count of over 2,700. It will have two video streaming services (Voot and Sony LIV), three film studios, and two digital content studios.

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