By Aditya Kalra
NEW DELHI, May 28 (Reuters) - Japan's Sony ( SONY ) has
appointed a Walt Disney ( DIS ) 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.
Banerjee has resigned from Disney's ( DIS ) 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.
A second source said Banerjee would join Sony ( SONY ) in about two
months.
Disney ( DIS ) declined to comment, while Sony ( SONY ) and Banerjee did not
immediately respond to repeated queries.
Last week, Sony ( SONY ) said it was looking for a successor to its
current India chief executive, N.P. Singh, who had decided to
move on.
Sony ( 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.
Banerje's departure from Disney ( DIS ) 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.