Paramount Global will exit Viacom18 by selling its remaining 13.01% stake to Reliance Industries for ₹4,286 crore, a deal that will value the Indian media company at about ₹33,000 crore. In separate regulatory filings, the US media and entertainment major and the Mukesh Ambani-led Indian conglomerate have said the transaction is subject to the satisfaction …
The Indian media & entertainment (M&E) sector is projected to experience a 10.2% growth rate, reaching Rs 2.55 trillion by 2024, and a 10% CAGR growth rate, reaching Rs 3.08 trillion by 2026, according to the FICC-EY Report 2024. The sector grew 8% in 2023, reaching Rs 2.32 trillion. While the sector was 21% above …
MUMBAI – With a view to consolidate the television and digital news businesses, Network18 Group, owned by business tycoon Mukesh Dhirubhai Ambani, has proposed the merger of TV18 Broadcast Ltd with Network18 Media & Investments Ltd through a share swap deal. Alongwith TV18 Broadcast, e-Eighteen.com Ltd will also be merged with Network18, the companies said …