Walt Disney CEO Bob Iger believes the joint venture with Mukesh Ambani’s Reliance Industries Limited (RIL) will enhance the company’s bottom line and reduce risk in the Indian market. Iger also said that the JV deal will allow Disney to own a significant stake in a larger media entity and also maintain a presence in …
The proposed merger between Reliance Industries-owned Viacom18 and Walt Disney’s Star India is likely to go through greater scrutiny by the Competition Commission of India (CCI) given the impact it could have on the media & entertainment sector, legal experts said. The anti-monopoly watchdog might look at the combined market share of the proposed merged …
MUMBAI: The deal to merge Reliance Industries Ltd (RIL) subsidiary Viacom18 and The Walt Disney Company’s local unit Star India will significantly alter the media and entertainment sector by creating the biggest media entity in the country, said industry executives and experts. The Rs 70,352 crore ($8.5 billion) merged entity, in which RIL will infuse …
Walt Disney is expected to record non-cash pre-tax impairment charges of $1.8 billion to $2.4 billion for the quarter ending March 31, mainly due to Star India’s net asset and goodwill write-down at the entertainment linear network’s reporting unit due to the removal of the company. The impairment charges pertain to the merger deal signed …
The National Company Law Tribunal (NCLT) adjourned the hearing in the scheme of arrangement between Walt Disney-owned Star India and its subsidiary Novi Digital Entertainment, which owns the streaming platform Disney+ Hotstar, to March 27. The hearing was postponed on February 21 because the Indian Performing Right Society (IPRS), which opposes the scheme, has informed …
Walt Disney’s local unit Star India will merge with Reliance Industries (RIL) subsidiary Viacom18 to create the country’s biggest media and entertainment business valued at about $8.5 billion. RIL will assume control with a combined stake of 63% in the merged entity. The joint venture will also dominate sports with all the key cricket media …
India’s richest man, Mukesh Ambani, is betting big on the media & entertainment business, with Reliance Industries Limited’s (RIL) committed investments in the segment already crossing Rs 22,000 crore in less than a year. On Wednesday, RIL announced that it would infuse Rs 11,500 crore into the proposed joint venture (JV) with Walt Disney. In …
Reliance Industries Limited (RIL), Viacom18, and Walt Disney have signed definitive agreements to form a joint venture by merging Viacom18’s media operations into Star India through a court-approved scheme of arrangement. The Mukesh Ambani-led RIL has committed to investing Rs 11,500 crore ($1.4 billion) in the JV, which is valued at Rs 70,352 crore ($8.5 …
Reliance Industries Ltd on Wednesday informed exchanges that the company has inked a binding agreement with Walt Disney Co to merge their media operations in India. Reliance Industries Limited (“RIL”), Viacom 18 Media Private Limited (“Viacom18”) and The Walt Disney Company (NYSE:DIS) (“Disney”) today announced the signing of binding definitive agreements to form a joint …
Mumbai: Reliance Industries and the Walt Disney Company have signed a binding agreement to merge Viacom18 and Star India, with the deal expected to be announced early this week, people privy to the development told ET. The deal, which has been in the works for over four months, will create India’s largest media empire, spanning …