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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 ...
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 ...
Disney’s dominance however has been challenged by the Ambani-controlled Viacom18 group and its suite of Jio-branded operations that stretch from mobile phones, to broadband internet and ...
In 2024, Employees of RIL revealed that Disney+ Hotstar and Jio Cinema would officially merge into a single platform. Back in February 2024, Reliance Industries and Disney agreed on a $8.5 billion merger of their media assets.
According to its terms, Reliance would hold 51% of the merged company in cash and stock, while Disney would own the remaining 49%. For purposes of the merger, a subsidiary of Viacom18 was created to absorb Disney Star through a stock swap, [53] pending ratification and regulatory approval. [54] [55] [56] [57]
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]
In its latest financial year ending in September, Disney earned revenue of just 66 cents on average per Hotstar subscriber — down from 88 cents in 2022 and compared with $5.93 for a non-US ...
Disney-Reliance merger set to shake up India's media landscape. February 28, 2024 at 8:26 PM ... Japan's Sony Group in January pulled the plug on a $10 billion merger deal with Zee that had been ...