Sony begins talks with Disney to buy India biz
1 year, 5 months ago

Sony begins talks with Disney to buy India biz

Live Mint  

Mumbai: Sony Pictures Entertainment, the global entertainment unit of Japan’s Sony Group Corp., has initiated talks with Walt Disney Co. about a potential acquisition of its India business, said two people with direct knowledge of the matter. The preliminary discussions with Disney are part of Sony’s contingency plan in case its ongoing merger agreement with Zee Entertainment Enterprises Ltd faces inordinate delay or collapses, the people said, requesting anonymity. Industry experts said Disney’s India business may fetch only a fraction of its previous value given the evolving media and entertainment landscape globally and in India. Bloomberg in India also said Reliance Industries, Adani Group and Sun TV Network have had initial talks with the company for Disney’s India business.

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History of this topic

Reliance, Disney complete transaction for $8.5-billion merger deal to create India’s largest media powerhouse
Trending News
4 months, 1 week ago

Reliance, Disney complete transaction for $8.5-billion merger deal to create India’s largest media powerhouse

Live Mint  

Reliance-Disney merger deal: Billionaire Mukesh Ambani-led Reliance Industries Ltd, its step-down unit Viacom18 Media Pvt Ltd, and Walt Disney Company announced the completion of the transaction on Thursday, November 14, to form a joint venture valued at ₹70,532 crore to create India's largest media and entertainment powerhouse. The newly formed divisions are entertainment ---which houses Reliance's Colours television channels and …

India approves Disney-Reliance merger deal to create new media giant
6 months, 3 weeks ago

India approves Disney-Reliance merger deal to create new media giant

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy India’s Competition Commission has approved …

Reliance, Disney win approval for $8.5 billion India media assets merger
7 months ago

Reliance, Disney win approval for $8.5 billion India media assets merger

India Today  

Walt Disney Co and Reliance Industries have received approval for their $8.5 billion merger of Indian media assets, subject to certain conditions, according to antitrust watchdog Competition Commission of India on Wednesday. The deal, which had raised concerns over the control of cricket broadcasts, will create India's largest entertainment entity, positioning it against rivals such as Sony, Netflix, and Amazon …

Technology and cricket are big wins for billionaire Ambani in Disney tie-up
1 year ago

Technology and cricket are big wins for billionaire Ambani in Disney tie-up

The Hindu  

A Disney-Reliance assets merger in India will create a media giant far bigger than all its rivals, boosting billionaire Mukesh Ambani's entertainment ambitions with streaming tech prowess and lucrative cricket rights. The two companies have spent billions of dollars to purchase broadcast rights for many top tournaments including the world-famous Indian Premier League and International Cricket Council's India tournaments. As …

Reliance-Disney Rs 70,000 Crore Deal Reshapes Indian Media, Top Points To Know
1 year ago

Reliance-Disney Rs 70,000 Crore Deal Reshapes Indian Media, Top Points To Know

News 18  

Reliance Industries and Walt Disney on Wednesday announced a merger of their India media operations, creating a Rs 70,000 crore entertainment giant. Utkarsh Sinha, MD, Bexley Advisors, a boutique investment bank firm, told Moneycontrol that the current consolidation in India’s media landscape presents a potent opportunity since the consumer wallet is stretched thin among multiple options. Top Things To Know …

Walt Disney, Reliance To Merge Media Operations In India
1 year ago

Walt Disney, Reliance To Merge Media Operations In India

ABP News  

Reliance Industries Limited and The Walt Disney Company on have officially announced a landmark collaboration set to reshape India's media landscape. According to the joint statement released, Walt Disney and Reliance Industries have reached an accord to merge their media ventures within the Indian market. The competitive dynamics between Reliance and Disney were underscored in 2022 when Reliance secured exclusive …

Disney merges India media business with Reliance venture in $8.5-billion deal
1 year, 1 month ago

Disney merges India media business with Reliance venture in $8.5-billion deal

LA Times  

The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. After weathering significant streaming losses, Walt Disney Co. is combining its India business with a venture owned by top local conglomerate Reliance Industries. “India is the world’s most populous market, and we are excited for the opportunities that this joint venture will …

Reliance, Disney announce merger, Nita Ambani to head merged entity
1 year, 1 month ago

Reliance, Disney announce merger, Nita Ambani to head merged entity

India Today  

Reliance Industries Limited and Walt Disney Company have officially signed a binding agreement to merge their media businesses in India. Reliance went on to say that as part of the pact, the media undertaking of Viacom18 will be merged into Star India Private Limited through a court-approved scheme of arrangement. Simply put, the joint venture will bring together the operations …

Disney, Reliance sign binding pact for India media merger: Report
1 year, 1 month ago

Disney, Reliance sign binding pact for India media merger: Report

India Today  

Walt Disney Co. and Reliance Industries Ltd. have inked a binding agreement to merge their media operations in India, reported Bloomberg News quoting people familiar with the development. The media unit of Reliance and its affiliates are expected to own at least 61 per cent of the merged entity, with Disney holding the rest, added the people quoted in the …

Sony ‘disappointed’ with arbitrator's decision on Zee merger: ‘We will…’
1 year, 1 month ago

Sony ‘disappointed’ with arbitrator's decision on Zee merger: ‘We will…’

Hindustan Times  

Sony on Monday said it is "disappointment" with Singapore tribunal's emergency arbitrator's decision rejecting its plea to restrain Zee from approaching NCLT and asserted that it will "vigorously arbitrate" the matter in the international tribunal. An emergency arbitrator of Singapore International Arbitration Centre rejected a plea of Culver Max and BEPL seeking an order to restrain Zee Entertainment Enterprise Ltd …

Mukesh Ambani's Reliance set to acquire over 50% stake in Disney India, says report
1 year, 1 month ago

Mukesh Ambani's Reliance set to acquire over 50% stake in Disney India, says report

Hindustan Times  

Reliance Industries Limited, led by billionaire Mukesh Ambani, is set to acquire over 50 percent stake in Disney India in preparation of the mega-merger between the two media entities in a few months, reported Reuters. Ambani's Reliance is expected to pick up around 51-54 percent stake in the company, valuing the US giant's domestic business at $3.5 billion. The deal …

The Disney Star sale comes with a deep discount tag
1 year, 1 month ago

The Disney Star sale comes with a deep discount tag

Live Mint  

Mumbai: Mukesh Ambani-led Reliance Industries Ltd has agreed to buy 60% in Disney Star’s linear TV and digital businesses in India for $2.28-2.4 billion in a transaction valuing them at $3.8-4 billion, two people aware of the development said. The transaction will not include Disney Star’s 30% stake in direct-to-home company Tata Play, consumer products business, and visual effects studio …

Zee needs strategy shift to survive after Sony merger plan crumbles
1 year, 2 months ago

Zee needs strategy shift to survive after Sony merger plan crumbles

The Hindu  

The collapse of a planned $10-billion merger with Sony’s unit has heaped pressure on Zee Entertainment, one of India’s most popular TV networks, to pursue deals with new partners or focus on areas such as digital entertainment to revive its fortunes. A Zee-Sony India merger would have created a media powerhouse in the world’s most populous nation with 90-plus channels …

Sony vows growing India media presence in letter to employees
1 year, 2 months ago

Sony vows growing India media presence in letter to employees

Live Mint  

The head of Sony Group Corp’s India unit has sent a letter to its employees assuring them the company will thrive despite its aborted merger with Zee Entertainment Enterprises Ltd. but gave scant details on how it plans to fend off local competitors who are bulking up. The Japanese entertainment giant will turn its focus to content that can boost …

Zee shares plunge 14% as Sony plans to call off proposed merger
1 year, 2 months ago

Zee shares plunge 14% as Sony plans to call off proposed merger

Hindustan Times  

Shares of Zee Entertainment Enterprises Ltd. tumbled as much as 13.6% on Tuesday after Bloomberg News reported that Sony Group Corp. is planning to call off a merger with its India unit. Sony is looking to cancel the merger plans amid a standoff over whether Zee’s Chief Executive Officer Punit Goenka would lead the merged entity. “We don’t foresee Sony …

Sony planning to scrap merger of India unit with Zee Entertainment
1 year, 2 months ago

Sony planning to scrap merger of India unit with Zee Entertainment

Hindustan Times  

Sony is planning to scrap the merger of its Indian unit with Zee Entertainment, more than two years after the deal was announced, Bloomberg reported. Sony is planning to scrap the merger of its Indian unit with Zee Entertainment, more than two years after the deal was announced According to the report, the Japanese conglomerate is planning to call off …

Reliance signs non-binding pact with Walt Disney for merger of India business: Media report
1 year, 3 months ago

Reliance signs non-binding pact with Walt Disney for merger of India business: Media report

The Hindu  

The 51:49 cash and stock deal in favour of Reliance Industries was signed in London last week, according to the media report. If completed, this would be the biggest merger deal in the media & entertainment sector, creating one of the largest entities having over 100 channels and two leading OTT platforms. The merged entity would compete with leading media …

Reliance set to acquire Disney's Indian operations in multi-billion dollar deal
1 year, 5 months ago

Reliance set to acquire Disney's Indian operations in multi-billion dollar deal

India TV News  

Reliance Industries Ltd., led by Mukesh Ambani, is reportedly on the verge of finalizing a multi-billion dollar deal with Walt Disney Co. to acquire Disney's India operations. Multi-year agreement of Reliance with HBO shows Reliance also secured a multi-year agreement to broadcast HBO shows from Warner Bros Discovery Inc. in India, previously under Disney's purview. Nevertheless, Disney's India streaming platform …

Sony+Disney might make better sense than Sony+Zee
1 year, 5 months ago

Sony+Disney might make better sense than Sony+Zee

Live Mint  

Sony Pictures Entertainment’s reported bid for Disney’s India business may turn out to be a gamechanger in India’s rapidly changing media and entertainment market. It would also help SPE, the global entertainment arm of Sony Group, kill two birds with one stone – by cobbling together a strong and viable entity in India to take on the challenge from Mukesh …

Zee-Sony to escalate war for ads, content
2 years, 5 months ago

Zee-Sony to escalate war for ads, content

Live Mint  

The impending merger of Zee Entertainment Enterprises Ltd and Sony Pictures Networks India Pvt. Media industry experts and analysts said once Zee and Sony are merged, the combined entity will take on two large broadcasting networks—Disney Star and Viacom18—for a larger share of advertising, as well as in attracting more and more content producers to work with them. So far, …

Sony’s India unit agrees to absorb Zee Entertainment
3 years, 3 months ago

Sony’s India unit agrees to absorb Zee Entertainment

The Hindu  

Sony Pictures Networks India Private Ltd. and Zee Entertainment Enterprises Ltd. have agreed to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations and program libraries. SPNI is an indirect subsidiary of Sony Pictures Entertainment Inc.. Post merger SPE will indirectly hold a majority 50.86% of the combined company, ZEEL’s founders will own 3.99%, …

Zee Entertainment approves merger with Sony Pictures Networks India: all you need to know
3 years, 3 months ago

Zee Entertainment approves merger with Sony Pictures Networks India: all you need to know

Firstpost  

According to news reports, Punit Goenka would head the new venture as its CEO and Managing Director. Zee Entertainment Ltd and Sony Pictures Networks India Ltd have signed a definitive agreement to merge the two companies and form a new entity. As per records filed before the stock exchanges, the SPNI, a subsidiary of Sony Pictures Entertainment, will indirectly hold …

BCCI expects massive windfall of upto $5 billion from sale of IPL media rights for next cycle
3 years, 5 months ago

BCCI expects massive windfall of upto $5 billion from sale of IPL media rights for next cycle

Firstpost  

The current five-year rights are with Star India but, according to people who are in decision-making capacity, the valuation could more than double and reach $5 billion. New Delhi: The BCCI is set for a windfall of gigantic proportions as the Indian Premier League broadcast rights could fetch the Board up to $5 billion for the next five-year cycle while …

Why Hollywood studios’ romance for Bollywood has prematurely soured
4 years, 3 months ago

Why Hollywood studios’ romance for Bollywood has prematurely soured

Live Mint  

NEW DELHI : Sometime in early August, a bunch of employees at Fox Star Studios, the Indian film production unit owned by US media and entertainment conglomerate Walt Disney, received a call. This is the second time Disney has shut down an Indian film subsidiary—after UTV Movies—in a move that signals increasing disillusionment among Hollywood studios with the Bollywood business …

Cricket plays well for Disney, Murdoch
6 years, 11 months ago

Cricket plays well for Disney, Murdoch

The Hindu  

Rupert Murdoch must have found that rarest of things: an American cricket fan. The Australian media mogul, through his unit Star India, agreed on Friday to pay almost $1 billion for the global rights to the home games of India’s national cricket team. Star has secured broadcast rights for television and digital platforms for five years to 2023, outbidding Sony …

Why the Fox deal may resurrect Disney’s film business in India
7 years, 3 months ago

Why the Fox deal may resurrect Disney’s film business in India

Live Mint  

New Delhi: The Walt Disney Co.’s agreement to buy Rupert Murdoch’s 21st Century Fox Inc. may have taken the global entertainment industry by storm but it is in the Indian film market that the most positive implications of the $52.4 billion deal are expected. While a Fox executive, on condition of anonymity, said it would take at least a year …

Sony said close to motion picture alliance with China’s Wanda
8 years, 6 months ago

Sony said close to motion picture alliance with China’s Wanda

Live Mint  

Los Angeles: Sony Corp. and the Dalian Wanda Group Co., the world’s largest theater owner, are close to an agreement to collaborate on a number of movie projects, according to a person with knowledge of the matter. The deal would ally Sony Pictures, a studio that has struggled to find hits in recent years, with a theater owner that’s become …

Disney to pay up to Rs 1,100/share to buy UTV, delisting begins on 6 Feb
13 years, 1 month ago

Disney to pay up to Rs 1,100/share to buy UTV, delisting begins on 6 Feb

Firstpost  

The US company earlier said it would pay Rs 835.03 to Rs 1,000 a share for the acquisition. Walt Disney Co, which owns a controlling stake in UTV Software Communications, will acquire the latter’s shares at or below Rs 1,100, according to a public announcement in the Economic Times newspaper. Walt Disney has received “adequate shares” at or below Rs …

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