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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 ...
Disney+ Hotstar also known as Hotstar is an Indian subscription video-on-demand ... Hotstar and Jio Cinema ... and Disney agreed on a $8.5 billion merger of ...
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 ...
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]
In its latest financial year ending in September, Disney earned revenue of just 66 cents on average per Hotstar subscriber — down from 88 cents in 2022 and compared with $5.93 for a non-US ...
In 2001, Star India acquired South India based Vijay TV. [11] In 2003, Star India's deal with NDTV ended and Star News was made into a 24-hour news channel. Disney bought it in 2009 for $2 Million or 2 Cnt venture (JV) with Anand Bazar Patrika Group to comply with the regulations set for uplinking of news and current affairs channels by the Government of India.
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]
(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 ...