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India’s entertainment landscape shifted Thursday as Reliance Industries and Disney completed their long-awaited media merger, creating an Indian powerhouse valued at $8.5 billion. The deal ...
The entertainment division will be led by Kevin Vaz, who is currently the top boss at Reliance's Viacom 18 Media. Reliance, Walt Disney close $8.5 billion merger of Indian media assets Skip to ...
Reliance Industries will own 16.3% of the merged entity, Viacom18 will own 46.8% and Disney 36.8%. The Reliance duo will invest $1.4 billion into the joint venture and Nita Ambani will serve as ...
UPDATED: India’s National Company Law Tribunal (NCLT) Mumbai Bench approved the high-profile merger between Reliance Industries Limited’s (RIL) media arm and Disney’s Indian entertainment ...
On May 14, 2024, It was reported the deal between Disney and Reliance was approved by National Company Law Tribunal, with the JioCinema streaming service being moved to the Digital18 unit as part of the merger. [33] [34] On 28 August 2024, the CCI has approved the merger of Disney+ Hotstar with Viacom18. [35]
NEW DELHI/LOS ANGELES (Reuters) -India's top conglomerate Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating an $8.5 ...
India‘s Competition Commission approved the proposed $8.5 billion merger of key entertainment assets between RIL and The Walt Disney Company in India, subject to voluntary modifications, …
Back in February 2024, Reliance and Disney agreed on a $8.5 billion merger of their media assets. Nita Ambani will serve as the chairperson of the merged entity while Uday Shankar from Bodhi Tree Systems will be the vice-chair.