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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 ...
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 ...
By July 2017, Hotstar's apps had reached 300 million downloads, and it was reported as being the top video streaming app in the country. [9] [10] In May 2018, it was reported that the service had 75–100 million active users per month. [11]
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’s dominance 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, latterly ...
Hotstar (now Disney+ Hotstar) is the most subscribed–to OTT platform in India, owned by Star India as of July 2020, with around 300 million active users and over 350 million downloads. [4] According to Hotstar's India Watch Report 2018, 96% of watch time on Hotstar comes from videos longer than 20 minutes, while one–third of Hotstar ...
(Reuters) -India's top conglomerate, Reliance Industries, and Walt Disney on Wednesday announced the merger of their Indian TV and streaming media assets, creating an $8.5 billion entertainment ...