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Sony denies reports of acquiring stake in OTT platform, Aha

Sony Pictures Networks India has denied reports that it is planning to acquire a stake in the South Indian OTT platform, Arha Media & Broadcasting, the operator of Aha – owned by Geetha Arts and My Home Group.

There has been speculation that Sony was eyeing a 26% stake in Arha Media valued at Rs. 1500 crore.

A statement from the company said, “We at Sony Pictures Networks India (SPNI) respectfully clarify that the speculation regarding our acquisition of a stake in the OTT platform, Aha, is completely unfounded and not based on facts.”

Recently, Sony terminated its merger with ZEE Entertainment Enterprises Limited.