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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 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 ...
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 ...
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 ...
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.
Iger stated that the service's launch—originally scheduled to coincide with the opening of the 2020 Indian Premier League—would take advantage of Hotstar's existing infrastructure and customer base. The Motley Fool described Hotstar as being Disney's "secret weapon" in the market, due to its already-dominant position. [19] [17] [18]
The entertainment division will be led by Kevin Vaz, who is currently the top boss at Reliance's Viacom 18 Media. Reliance, Walt Disney close $8.5 billion merger of Indian media assets Skip to ...
Japan's Sony Group in January pulled the plug on a $10 billion merger deal with Zee that had been in the works for two years, citing unresolved "closing conditions" and leadership disputes. SONY INDIA