|Bid||0.00 x 800|
|Ask||0.00 x 1300|
|Day's Range||115.09 - 115.36|
|52 Week Range||72.45 - 118.50|
|Beta (5Y Monthly)||0.71|
|PE Ratio (TTM)||13.24|
|Forward Dividend & Yield||0.55 (0.49%)|
|Ex-Dividend Date||Mar 29, 2021|
|1y Target Est||153.60|
A merger of India's Zee and a domestic unit of Japan's Sony Group Corp will create a television powerhouse to grab more advertising revenue, challenging top rival Walt Disney Co in a key growth market, industry officials said. The Sony-Zee alliance, with about 75 news, entertainment, sports and movie channels in more than 10 languages, stands to become India's biggest player, with a market share of 27% outstripping that of Disney's Star India, at 24%.
High demand for videogames since the coronavirus outbreak has been boosting sales of consoles from Microsoft Corporation (MSFT) and Sony Corporation (SNE).
Sony Group Corp's (NYSE: SONY) Sony Pictures Networks India (SPNI) and Zee Entertainment Enterprises Ltd (ZEEL) agreed to combine their linear networks digital assets, production operations, and program libraries. The combined publicly listed company will lead consumers from traditional pay-TV into the digital future, benefitting consumers throughout India across content genres, from film to sports. SPNI parent Sony Pictures Entertainment would invest growth capital in SPNI to have a cash balanc