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On 4 January 2019, Star TV shut down its television operations in USA for the promotion of its digital counterpart, Hotstar. [35] On 20 March 2019, Star India became a subsidiary of Disney India after the US$71.3 billion deal in the acquisition of former parent company 21st Century Fox was closed. Now, Disney India owns television channels of ...
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.
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 ...
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]
Disney acquired Indian streaming service Hotstar and Star TV channels, a household name in India, when it paid $71 billion for some 21st Century Fox global assets in 2019.
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 ...
JioCinema 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. the service was launched on 4 May 2016.