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In August 2024, the National Company Law Tribunal approved a deal between Disney and Reliance Industries where JioCinema and Viacom18 would be merged into Digital18. [62] In November 2024, Disney and Reliance Industries agreed to merge Star India and Viacom18. The deal was reported to be valued at $8.5 billion. [63]
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.
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 subsequently merged Hotstar into its own Disney+ platform to create a mass-market streamer with a low price point. ... Jio took the streaming rights, while Disney secured only the pay-TV ...
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 ...
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 ...
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 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]