Zee, Sony bury the hatchet, part ways amicably

After months of court battles over a $90 million (around ₹748.5 crore) termination fee stemming from a failed merger, Sony Pictures Networks India (now Culver Max Entertainment) and Zee Entertainment Enterprises Ltd have finally decided to resolve their disputes amicably through a non-cash settlement, allowing both parties to move on independently.

On 22 January, Sony terminated the merger cooperation agreement and the composite scheme of arrangement originally signed on 22 December 2021.