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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 ...
JioSaavn is a freemium service; basic features are free with advertisements or limitations, while additional features, such as improved streaming quality and music downloads for offline listening, are offered via paid subscriptions. On 23 March 2018, Saavn announced merger with JioMusic in a deal worth more than $1 billion. [2]
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 ...
Jio Hotstar (also known as Hotstar) is an Indian subscription video-on-demand over-the-top streaming service owned by JioStar, a joint venture between Reliance Industries, Viacom18 and Disney India. It merged with JioCinema .
The merger values the India business of the U.S. entertainment giant at just around $3 billion, far lower than the roughly $15 billion valuation when Disney acquired it as part of its Fox deal in ...
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 August 2024, the National Company Law Tribunal approved a deal between Disney and Reliance Industries where JioCinema and Viacom18 would be merged into Digital18. [62] In November 2024, Disney and Reliance Industries agreed to merge Star India and Viacom18. The deal was reported to be valued at $8.5 billion. [63]
Disney is joining forces with Asia’s richest man to create a new media giant in India that says it will reach a domestic audience of more than 750 million people.. Billionaire Mukesh Ambani’s ...