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Disney and Reliance Industries have moved closer to a merger of their massive Indian TV and streaming businesses. A combination of the two – which include rival streaming platforms, India’s ...
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 ...
In October 2024, Employees of RIL revealed that Disney+ Hotstar and JioCinema will officially merge into a single platform. 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 ...
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]
Although Disney CEO Bob Iger refuted claims of a sale during a third-quarter earnings call, it was announced in December 2023 that Disney and Reliance had signed a non-binding term sheet for a merger. 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 ...
BENGALURU (Reuters) -Walt Disney Co and Reliance Industries won approval on Wednesday for an $8.5 billion merger of their Indian media assets after assuaging regulatory worries about their grip on ...
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.