Ever since he landed in Mumbai a week or so ago to help give the final touches to the Reliance-Star India mega merger that was announced on Wednesday, Justin Warbrooke had been struck by a sense of déjà vu. Many years ago, Warbrooke, a Kiwi by birth but with a cool quotient that is innately …
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 …
Reliance Industries Ltd (RIL) and Walt Disney Co. have signed a non-binding term sheet in London last week to move ahead with plans to create country’s largest media and entertainment business if the deal goes through. The 51:49 stock and cash merger in favour Mukesh Ambani-led group is expected to get finalised to complete all …
Walt Disney Co. and Reliance Industries Ltd., led by Asia’s richest tycoon Mukesh Ambani, are expected to sign a non-binding pact as early as Monday to merge their media operations in India in a cash-and-stock deal, according to people familiar with the matter. Ambani’s retail-to-refining conglomerate will infuse money to hold at least 51% of …
Jacob Kupferman | Getty Images The Miami Dolphins and the New York Jets face off in the National Football League’s first ever Black Friday game this week — but it’s not going to be the usual broadcast or cable offering. The game will stream exclusively on Amazon’s Prime Video. The NFL’s decision to start a …
Blackstone, the world’s largest private equity firm, has initiated discussions with the Walt Disney Co to evaluate buying the media giant’s India streaming and television business, said people aware of the matter. The senior India leadership of both companies have held multiple meetings in recent weeks. Blackstone is exploring either buying the business partially — …
Walt Disney Co. is holding preliminary discussions with potential buyers for its India streaming and television business including billionaires Gautam Adani and Kalanithi Maran, according to people familiar with the matter. The US entertainment giant’s senior executives have also gauged the interest of private equity funds considering the company is exploring a range of options, …
Singapore-based investment firm Temasek is in advanced talks with the Tata Group to sell its 20% stake in Tata Play to the Indian conglomerate that owns the largest stake in the direct-to-home (DTH) company, people privy to the development told ET. “There has been a lot of movement in the discussions between the two companies …
Walt Disney Co. expects to fall tens of millions of subscribers short of its last publicly stated 2024 target for the Disney+ streaming service, according to people familiar with the matter. The goal of 215 million to 245 million subscribers was set in August 2022 by then-Chief Executive Officer Bob Chapek. In February, returning CEO …
You know ESPN the sports media giant. Now brace yourself for ESPN Bet, a rebranding of an existing sports-betting app owned by Penn Entertainment, which is paying $1.5 billion plus other considerations for exclusive rights to the ESPN name. The deal, announced Tuesday, could take Walt Disney Co.-owned ESPN into uncharted waters. Disney is fiercely …