India: Viacom18 and Zee Entertainment in early merger talks

India: Viacom18 and Zee Entertainment in early merger talks

A security guard speaks into a microphone in his sleeve as he stands outside the Viacom Inc. headquarters in New York April 30, 2013. REUTERS/Lucas Jackson

Viacom18 Media Pvt. Ltd, the owner of the Colors general entertainment channel, and Subhash Chandra’s Zee Entertainment Enterprises Ltd are in initial talks for a potential merger that could create a large media firm with interests spanning broadcast, OTT, live entertainment and movie production, two people aware of the development said.