India: Sony Pictures Television Networks India acquire the Ten Sports Network group (€345.6m)

Sony Pictures Networks India (SPN) acquired the Indian pay-TV satellite group Ten Sports Network and its subsidiaries, which belonged to the media and entertainment group Zee Entertainment Enterprises Limited (ZEE), on 31/08/2016. The Indian branch of Sony Pictures Entertainment, a subsidiary of the Japanese entertainment group Sony Entertainment Inc., paid $385m (€345.6m) for this acquisition.

Indian broadcaster Sony Pictures Networks India therefore adds the Ten Sports channels to its portfolio. Sony Pictures Networks (formerly Multi Screen Media) also concluded a "strategic long-term partnership" with the US broadcaster ESPN, on 08/10/2015.

"India has been a strong driver of Sony Pictures' growing networks business for two decades, and sports continue to play a significant role in that growth. The acquisition of Ten Sports, following the launch of Sony ESPN channels, will mean that our Indian networks would reach over 800 million viewers and broadcast many of the most popular and prestigious sporting events in the world," said Andy Kaplan, president of Worldwide Networks and Sony…