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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 ...
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 ...
Although Disney CEO Bob Iger refuted claims of a sale during a third-quarter earnings call, it was announced in December 2023 that Disney and Reliance had signed a non-binding term sheet for a merger. According to its terms, Reliance would hold 51% of the merged company in cash and stock, while Disney would own the remaining 49%.
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 ...
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 ...
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]
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 ...
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 ...