ZEE Entertainment Enterprises and Sony’s Culver Max Entertainment have resolved their disputes related to their failed merger.
A joint statement released this morning said the parties, including Sony’s group company Bangla Entertainment, had arrived at a “comprehensive non-cash settlement, amicably resolving” issues that resulted from the collapse of the merger earlier this year.
As part of the agreement, the companies have agreed to “withdraw all respective claims against each other.” Arbitration had been ongoing at the Singapore International Arbitration Centre. Sony’s Culver Max operates as Sony Pictures Networks India locally.
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