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 …
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 …
The Walt Disney Company has revealed that the operating loss from the sports business of its India unit has surged 144% to $315 million for the quarter ended December 2023 on account of the 50-over ICC Men’s Cricket World Cup 2023 in India. The company’s operating loss stood at $129 million in the corresponding quarter …
MUMBAI: Mukesh Ambani’s Reliance Industries and Walt Disney Company are in advanced discussions for signing an agreement to merge Star India and Viacom18 to create India’s largest media empire, spanning over 100 TV channels and two streaming platforms, according to people privy to the development. Reliance could hold more than 51% of the shareholding in …
Aaron Rodgers’ latest musings drew some sharp (and potentially litigious?) pushback from late night television host Jimmy Kimmel. The former Packers quarterback appeared Tuesday as usual on The Pat McAfee Show and dropped an inference that Kimmel would appear on a list of associates to accused sex trafficker Jeffrey Epstein. What exactly did Aaron Rodgers …
The Walt Disney Company has said that it will acquire Comcast Corporation-owned NBC Universal’s (NBCU) 33% stake in streaming platform Hulu for $8.61 billion at a valuation of $27.5 billion. Disney hopes to complete the transaction by December 1. Walt Disney said the acquisition of Comcast’s stake in Hulu at fair market value will further …
Reliance Industries (RIL) and the Walt Disney Company may face a hurdle in striking a deal for the American firm’s India operations owing to the wide gulf in their respective valuations of the business, according to people with knowledge of the matter. While RIL values Disney Star at $3-4 billion, Walt Disney is reportedly eyeing …
New York CNN — Fans of sports and other Disney offerings are going to have to do without on one of the nation’s largest cable providers. Disney pulled its programming from Charter Spectrum on Thursday night, even as the Disney-owned ESPN networks were covering major live sporting events such as the US Open and college …