<p>New Delhi: Japan's Sony has appointed a Walt Disney executive, Gaurav Banerjee, as its new India chief executive to lead its television and other media businesses, two people familiar with the matter told Reuters on Tuesday.</p><p>Banerjee has resigned from Disney's India unit where he was the head of content for its streaming service, Hotstar, and head of business for the company's TV channels in Hindi-speaking markets, one source said.</p>.Zee seeks Rs 748 crore termination fee from Sony for calling off merger.<p>A second source said Banerjee would join Sony in about two months.</p><p>Disney declined to comment, while Sony and Banerjee did not immediately respond to repeated queries.</p><p>Last week, Sony said it was looking for a successor to its current India chief executive, N P Singh, who had decided to move on.</p><p>Sony runs 26 channels in India, from general entertainment to sports and movies, and also a streaming service. This year, it scrapped a planned merger with India's Zee Entertainment that would have created a $10-billion enterprise.</p><p>Banerje's departure from Disney comes as the U S firm seeks Indian regulators' approval to merge its India media assets with those of Reliance, which is led by billionaire Mukesh Ambani, in a combination making it India's biggest entertainment company.</p>
<p>New Delhi: Japan's Sony has appointed a Walt Disney executive, Gaurav Banerjee, as its new India chief executive to lead its television and other media businesses, two people familiar with the matter told Reuters on Tuesday.</p><p>Banerjee has resigned from Disney's India unit where he was the head of content for its streaming service, Hotstar, and head of business for the company's TV channels in Hindi-speaking markets, one source said.</p>.Zee seeks Rs 748 crore termination fee from Sony for calling off merger.<p>A second source said Banerjee would join Sony in about two months.</p><p>Disney declined to comment, while Sony and Banerjee did not immediately respond to repeated queries.</p><p>Last week, Sony said it was looking for a successor to its current India chief executive, N P Singh, who had decided to move on.</p><p>Sony runs 26 channels in India, from general entertainment to sports and movies, and also a streaming service. This year, it scrapped a planned merger with India's Zee Entertainment that would have created a $10-billion enterprise.</p><p>Banerje's departure from Disney comes as the U S firm seeks Indian regulators' approval to merge its India media assets with those of Reliance, which is led by billionaire Mukesh Ambani, in a combination making it India's biggest entertainment company.</p>