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Paying roughly $3 billion each, Jio took the streaming rights, while Disney secured only the pay-TV rights. And when Jio streamed the IPL free of charge in 2023 it was able to undercut Star and ...
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 April 2020, the Walt Disney Company merged Hotstar with Disney+ in India to form Disney+ Hotstar with Hotstar operating independently and coexisting with Disney+ in Canada and US, [38] since it launched on 4 September 2017; the United Kingdom on 13 September 2018; [39] and Singapore on 4 November 2020, prior to Disney+ in the country. [40]
The companies said the newly formed divisions are entertainment, which houses Reliance's Colours TV channels and Disney's Star; digital, home to online streaming platforms JioCinema and Hotstar ...
Disney+ Hotstar also known as Hotstar is an Indian subscription video-on-demand ... Hotstar and Jio Cinema ... and Disney agreed on a $8.5 billion merger of ...
In 2001, Star India acquired South India based Vijay TV. [11] In 2003, Star India's deal with NDTV ended and Star News was made into a 24-hour news channel. Disney bought it in 2009 for $2 Million or 2 Cnt venture (JV) with Anand Bazar Patrika Group to comply with the regulations set for uplinking of news and current affairs channels by the Government of India.
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 merged entity will have 120 TV channels and two streaming platforms, and is set to challenge rivals such as Japan's Sony and Netflix in a $28 billion media and entertainment sector set to be ...