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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 ...
If the merger was successful, Sony would be 74% shareholder in the merged company. [9] However, in October 2020, Reliance Industries, [10] the majority share holder in Viacom18, called off the merger. [11] [12] In June 2021, [13] reports stated Viacom18 and Zee Entertainment Enterprises were reportedly in talks about a merger. [14]
The HBO series Last Week Tonight faced several instances of censorship on Hotstar since the purchase of the service by Disney; two episodes were edited to remove jokes referencing Disney characters, including a November 2019 episode on the US census relating to a PSA featuring Mickey Mouse (where Oliver claimed the character was a "crack addict ...
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 ...
As Ambani snatched IPL rights away in a $2.9 billion bid in 2022 and streamed the games for free, Disney subscribers fled - out of 61.3 million Hotstar users in October 2022, 23 million had left ...
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]