New Delhi, Feb 26 (IANS) Sony Picture India has denied speculation of an acquisition of a stake in OTT platform Aha.
In a statement, Sony Pictures Networks India (SPNI) said, “We at Sony Pictures Networks India (SPNI) respectfully clarify that the speculation regarding our acquisition of a stake in the OTT platform, Aha, is completely unfounded and not based on facts.”
Reports had said that Sony has begun discussions for a stake in Arha Media and Broadcasting which runs the South Indian video streaming platform, Aha. Sony’s denial has put an end to the rumors circulating about the potential acquisition.
This development comes amidst the growing influence of OTT platforms in the entertainment industry and the increasing competition among major players looking to expand their reach and offerings. Sony’s assertion reaffirms their current business strategy and focus areas in the digital entertainment space.
However, the details of the discussions and the reasons behind the speculation are still unclear. It remains to be seen how this denial from Sony will impact the ongoing conversations within the industry regarding potential partnerships and collaborations in the OTT sector.
Overall, Sony Picture India’s statement has brought clarity to the situation and put an end to the rumors surrounding their alleged stake acquisition in Aha. The company’s position on the matter underscores the importance of verifying facts before jumping to conclusions in the fast-paced world of digital media.
