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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 ...
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 ...
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 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 ...
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.
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]
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 ...
Disney and Reliance Industries have moved closer to a merger of their massive Indian TV and streaming businesses. A combination of the two – which include rival streaming platforms, India’s ...