Reliance, Disney complete transaction for $8.5-billion merger deal to create India’s largest media powerhouse
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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 Disney's Star; digital --which encapsulates online streaming platforms JioCinema and Hotstar, as well as sports. Reliance-Disney merger: Details of TV, digital-first streaming channels The JV will transform India’s digital streaming ecosystem and grow the linear TV space across entertainment and sports. The JV will be one of India's largest media and entertainment companies with pro forma combined revenue of approximately ₹26,000 crore for the fiscal year ended March 2024.

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History of this topic

Reliance, Disney finalise $8.5B merger of Indian assets; no clarity if JioCinema, Hotstar will merge into JioHotstar
4 months, 1 week ago

Reliance, Disney finalise $8.5B merger of Indian assets; no clarity if JioCinema, Hotstar will merge into JioHotstar

Hindustan Times  

Reliance Industries and Walt Disney have completed the $8.5 billion merger of their Indian media assets. REUTERS/Dado Ruvic/Illustration//File Photo The Reliance-Disney merger In a joint release shared by the companies, it was mentioned that the newly formed divisions are entertainment, which houses Reliance's Colors TV channels and Disney's Star; digital, home to online streaming platforms JioCinema and Hotstar; and sports. …

Kevin Vaz, Kiran Mani and Sanjog Gupta to head Reliance-Disney JV as CEOs
4 months, 1 week ago

Kevin Vaz, Kiran Mani and Sanjog Gupta to head Reliance-Disney JV as CEOs

Live Mint  

Mukesh Ambani’s Reliance Industries Ltd and The Walt Disney Co. announced on Thursday that they have completed the merger of their media arms. The new joint venture will be spearheaded by three chief executives: Kevin Vaz will head the entertainment organization across platforms; Kiran Mani will take charge of the combined digital organization; and Sanjog Gupta will lead the combined …

Reliance, Disney and Viacom18 form $8.5 bn JV ushering in a new era for Indian entertainment
4 months, 1 week ago

Reliance, Disney and Viacom18 form $8.5 bn JV ushering in a new era for Indian entertainment

Firstpost  

With Reliance and Disney at the helm, the merger of Viacom18 and Star India positions the joint venture as one of India’s largest media entities, setting the stage for unprecedented growth and disruption Mumbai/Burbank, California: Reliance Industries Limited, Viacom 18 Media Private Limited and The Walt Disney Company announced on Thursday that following the approval by the NCLT Mumbai, Competition …

Mega broadcast merger likely to rein in revenue growth
6 months ago

Mega broadcast merger likely to rein in revenue growth

Hindustan Times  

Mumbai: For over two decades, cricket rights in India have sold like hot cakes, regardless of formats and events – World Cups, bilateral series or IPL. Merger of Disney Star and Reliance Industries-controlled Viacom18 could impact the value of cricket’s broadcast rights. The two networks between them hold the rights for every major cricket property in India – IPL, ICC …

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 merger cleared, but what were the key concerns?
6 months, 3 weeks ago

Reliance-Disney merger cleared, but what were the key concerns?

India Today  

The Competition Commission of India has approved the $8.5 billion merger between Walt Disney Co. and Reliance Industries' media assets, following a thorough review of the potential impact on the Indian market. 'Highly concentrated' sports content The CCI highlighted that the sports TV channel market is already "highly concentrated," with most popular sports content, such as cricket, being streamed on …

Reliance, Disney win approval for $8.5 billion India media assets merger
6 months, 3 weeks 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 …

CCI approves Reliance-Disney India $8.5 billion merger
6 months, 3 weeks ago

CCI approves Reliance-Disney India $8.5 billion merger

New Indian Express  

The Competition Commission of India has approved the merger between Reliance Industries Ltd and Disney's Indian media assets, thus paving the way for the creation of a $8.5 billion broadcasting empire that would be the largest in India in terms of reach and financial muscle. The proposed combination envisages combining the entertainment businesses of Viacom18, part of Asia's richest billionaire …

Reliance-Disney merger: CCI raises concern over cricket broadcast rights
7 months ago

Reliance-Disney merger: CCI raises concern over cricket broadcast rights

New Indian Express  

NEW DELHI: The Competition Commission of India is said to have raised preliminary concerns that the $8.5 billion merger of Reliance and Walt Disney media assets might harm competition due to their power over cricket broadcast rights. The report stated that rights worth billions of dollars for the broadcast of cricket would be vested with the merged entity, which could …

CCI Warns Disney-Reliance Media Merger Could Harm Competition: Report
7 months ago

CCI Warns Disney-Reliance Media Merger Could Harm Competition: Report

ABP News  

The Competition Commission of India has conducted an initial assessment and found that the $8.5 billion merger of Reliance and Walt Disney’s media assets could potentially harm competition due to their combined influence over cricket broadcast rights, according to a report by Reuters citing sources. The proposed merger, which would see Asia's richest man Mukesh Ambani’s Reliance emerge as the …

Disney and Reliance may shut down some Hindi and regional channels to get CCI approval for merger
7 months ago

Disney and Reliance may shut down some Hindi and regional channels to get CCI approval for merger

Hindustan Times  

Walt Disney and Reliance Industries Ltd are planning to shut down some Hindi as well as regional channels including those in Kannada, Marathi, and Bangla of Star India and Viacom18, the Economic Times reported, adding that this move is to get approval from the Competition Commission of India for their merger, which was proposed in February this year. Disney and …

Reliance Industries seeks CCI approval for Viacom18-Star India merger
9 months, 3 weeks ago

Reliance Industries seeks CCI approval for Viacom18-Star India merger

The Hindu  

Billionaire Mukesh Ambani-promoted Reliance Industries has sought approval from fair trade regulator Competition Commission of India for the $8.5-billion merger of Viacom18 and Star India Pvt Ltd. "The proposed transaction aims to combine the entertainment businesses of Viacom18, part of Reliance Industries Ltd group and SIPL, wholly-owned by The Walt Disney Company. "As a result of the transaction, SIPL, currently …

RIL buys 13.01 per cent in Viacom18 for Rs 4,286 crore
1 year ago

RIL buys 13.01 per cent in Viacom18 for Rs 4,286 crore

New Indian Express  

NEW DELHI: Reliance Industries Limited signed an agreement on Thursday to acquire a 13.01% equity stake in Viacom18 Media Private Limited for a consideration of Rs 4,286 crore. “A binding agreement has been entered between Reliance and two subsidiaries of Paramount Global to acquire a 13.01% equity stake in Viacom 18 Media held by Paramount Global via two subsidiaries for …

Reliance-Disney merger may face CCI scrutiny over dominance fears, say experts
1 year ago

Reliance-Disney merger may face CCI scrutiny over dominance fears, say experts

Hindustan Times  

Mukesh Ambani-led Reliance Industries and Walt Disney India's merger could attract antitrust scrutiny, experts have predicted. Disney and Reliance have finalised their multi-billion dollar merger Lawyers have flagged concerns that the combined entity's strong portfolio of cricket broadcast rights could impact advertisers. K.K Sharma, a former head of mergers at CCI, said the combined Disney-Reliance combo will raise eyebrows among …

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 …

Disney and Reliance agree on $8.5bn merger to create Indian media giant
1 year ago

Disney and Reliance agree on $8.5bn merger to create Indian 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 top conglomerate Reliance Industries …

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 …

Reliance, Disney announce merger, Nita Ambani to head merged entity
1 year 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 merges India media business with Reliance venture in $8.5-billion deal
1 year 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 …

'Unable to comment': Reliance on signing bind pact for merger deal with Disney
1 year ago

'Unable to comment': Reliance on signing bind pact for merger deal with Disney

India Today  

Reliance Industries Limited has refrained from commenting on reports of a possible merger with Disney, citing an inability to address speculation. The potential deal would see Reliance's media division, led by Mukesh Ambani, holding a majority stake of at least 61 per cent in the combined entity, with Disney retaining the remaining shares. As part of the merger, Reliance's media …

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

Disney, Reliance sign binding merger pact: Report
1 year ago

Disney, Reliance sign binding merger pact: Report

Hindustan Times  

Walt Disney Co. and Reliance Industries Ltd. have signed a binding pact to merge their media operations in India, according to people familiar with the matter, as the US entertainment giant recasts its strategy amid intense competition in the world’s most-populous country. Disney owns a minority stake in broadcast service provider, Tata Play Ltd., which Reliance may consider acquiring, according …

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, 1 month 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 …

Disney Star may lose $2 billion after Reliance deal amid Zee-Sony breakup: Report
1 year, 1 month ago

Disney Star may lose $2 billion after Reliance deal amid Zee-Sony breakup: Report

Hindustan Times  

With the cancellation of ZEEL and Sony merger, the Disney Star deal with Reliance could potentially take a hit of around $2 billion, owing to a loss of valuation, reported The Economic Times citing sources. ZEEL said in its contract that it will only honour the ICC television deal with Disney Star if its merger with Sony goes through, reported …

Reliance's Jio Cinema may soon merge with Disney+ Hotstar: Here's what the OTT can offer
1 year, 2 months ago

Reliance's Jio Cinema may soon merge with Disney+ Hotstar: Here's what the OTT can offer

Hindustan Times  

In a major move that can change entertainment and OTT viewing in India, Mukesh Ambani's Reliance has signed a non-binding agreement with Walt Disney Co, taking the companies one step closer to the mega-merger between RIL and Disney Star. Jio Cinema and Hotstar are direct rivals, but their potential merger could be a game-changer in India's OTT industry. Jio Cinema …

Reliance signs non-binding pact with Walt Disney for merger of India business: Media report
1 year, 2 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 …

Mukesh Ambani's Reliance-Disney Star sign new deal, mega-merger to be finalised by February 2024
1 year, 2 months ago

Mukesh Ambani's Reliance-Disney Star sign new deal, mega-merger to be finalised by February 2024

Hindustan Times  

In a major step towards dominating the entertainment space in the country, Reliance Industries Ltd and Walt Disney Co. signed a non-binding agreement in London last week, taking the two companies one step forward to their mega-merger, reported The Economic Times. The two parties have been negotiating the deal for months, and the non-binding agreement was signed in London in …

Reliance, Disney sign deal for mega merger of media companies: Report
1 year, 2 months ago

Reliance, Disney sign deal for mega merger of media companies: Report

India Today  

Reliance Industries and Walt Disney are set to merge their Indian media operations, according to a report. The merger would see Reliance possessing 51 per cent ownership via shares and cash, and Disney holding the remaining 49 per cent, a report by Economic Times stated. The merger has the potential to create one of India's largest entertainment empires, competing with …

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 …

‘Disney+ Hotstar is here to serve many Indias, not one’
1 year, 5 months ago

‘Disney+ Hotstar is here to serve many Indias, not one’

Live Mint  

New Delhi: Video streaming service Disney+Hotstar is shifting gears to adapt to changing subscriber dynamics in the Indian market, following a drop in its paid subscriber base from over 61.3 million to 40.4 million over the past nine months, after it failed to secure the digital rights of the Indian Premier League. This may be debatable, and I may be …

India vs Pakistan Cricket World Cup viewing figures break record for Disney+ Hotstar streaming platform
1 year, 5 months ago

India vs Pakistan Cricket World Cup viewing figures break record for Disney+ Hotstar streaming platform

The Independent  

Sign up to our free sport newsletter for all the latest news on everything from cycling to boxing Sign up to our free sport email for all the latest news Sign up to our free sport email for all the latest news SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

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 …

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 …

Hotstar set to stream Disney+ content in India with no extra cost
5 years, 11 months ago

Hotstar set to stream Disney+ content in India with no extra cost

India TV News  

Hotstar, the digital and entertainment platform in India will start offering Disney+ content to Indian customers. Being one of the best video streaming deals in the world, a yearly Rs 999 plan of Hotstar allows users to access HBO's original shows that include Game of Thrones, movies and live sports content. Also, read: Samsung Galaxy Fold, the first foldable display …

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 …

Reliance Entertainment partners with Phantom Films in a 50-50 JV | IndiaTV news
10 years ago

Reliance Entertainment partners with Phantom Films in a 50-50 JV | IndiaTV news

India TV News  

Mumbai: Reliance Entertainment's film production and distribution business in India is soon to partner boutique production house Phantom Films in a 50:50 joint venture. While the day to day affairs of the JV will be managed by Phantom, the 50 percent of the combined business will be owned by Reliance and the rest half will be equally held by the …

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 …

Reliance Industries to ink deal with Disney's UTV:report
13 years, 5 months ago

Reliance Industries to ink deal with Disney's UTV:report

Firstpost  

The deal is expected to give Reliance access to games, entertainment and children’s content for their telecom operations, Reliance Industries, India’s largest listed firm, is set to sign a deal with the Indian unit of Walt Disney, to acquire content for its telecom operations, the Financial Times said. The deal by Reliance with UTV Software, in which Disney controls 50.44 …

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