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ZEEL to shutdown “major entertainment channel” in bid to merge with Sony

ZEE Entertainment Enterprises Ltd is reportedly planning to shutdown a “major entertainment channel” as a part of concessions to merge with Sony Pictures Networks.

The plan has been considered to ease competition concerns and secure the Competition Commission of India’s (CCI) approval for their $10 billion merger.

LiveMint reports that the “major entertainment channel” currently has a huge 20-30% market share. Rumours surfacing online indicate that it could be one of the Marathi TV channels ran by ZEEL.

Keep it with for more.