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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 ...
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 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.
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 ...
Disney Star, registered as Star India Private Limited is an Indian media conglomerate joint venture.Though Reliance Industries owns 16.34% of the joint venture, while Viacom18 holds 46.82% and Disney India 36.84%, the JV is controlled by Reliance Industries.
Disney and Reliance Industries have moved closer to a merger of their massive Indian TV and streaming businesses. ... which it had shown on Hotstar. Paying roughly $3 billion each, Jio took the ...
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]
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, …