Sony denies reports about acquiring stake in aha

Culver Max Entertainment (Sony Pictures Networks India) has denied media reports about the company being in talks to buy a strategic stake in Arha Media & Broadcasting, which owns the South video streaming platform aha. Sun TV Networks was also reportedly in the fray. 

"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.”

As per earlier media reports, the deal could be valued between Rs 1,500 crore to Rs 2,000 crore.

aha was launched in 2020 as a Telugu content service platform backed by film producer Allu Aravind of Geetha Arts. Eventually, Tamil content was added to the platform.