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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 merger will create India's biggest entertainment player, with 120 TV channels and two streaming services, and will compete with Sony, Netflix and Amazon. (Reporting by Kashish Tandon in ...
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 ...
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]
Reuters reported last month that Disney Hotstar's CEO Sajith Sivanandan resigned from the role as business integration gathered pace for the merger. The entertainment division will be led by Kevin ...
On 4 January 2019, Star TV shut down its television operations in USA for the promotion of its digital counterpart, Hotstar. [35] On 20 March 2019, Star India became a subsidiary of Disney India after the US$71.3 billion deal in the acquisition of former parent company 21st Century Fox was closed. Now, Disney India owns television channels of ...
India’s antitrust watchdog has expressed initial concerns about the proposed $8.5 billion merger between Reliance and Walt Disney’s media assets in the country, sources told Reuters on Tuesday.
In 2001, Star India acquired South India based Vijay TV. [11] In 2003, Star India's deal with NDTV ended and Star News was made into a 24-hour news channel. Disney bought it in 2009 for $2 Million or 2 Cnt venture (JV) with Anand Bazar Patrika Group to comply with the regulations set for uplinking of news and current affairs channels by the Government of India.