Zee seeks $90mn termination fee from Sony

MUMBAI: Punit Goenka-helmed Zee Entertainment Enterprises has sought a termination fee of $90 million from Sony Pictures Networks India after the latter pulled the plug on a $10-billion merger deal.
In a regulatory filing, Zee said: “Sony Pictures Networks India (now known as Culver Max) and Bangla Entertainment, a unit of Sony Pictures, have failed to comply with their obligations under the merger cooperation agreement (MCA).