Page 45 - Viacom News Today

Walt Disneys Star India will merge with Reliance Industries Viacom18 to create Indias biggest media and entertainment business valued at $8.5 billion. Mukesh Ambani and Bob Iger will lead the merged entity. The venture will have exclusive rights to distribute Disney films and productions in India.

Disney and Viacom18 collectively will control around 75-80 percent of the Indian sports market across both linear TV and digital platforms

Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media entity in the world's most populous nation. Reliance, which will control the joint venture, directly owns 16.34% of the merged entity, which it has valued at $8.5 billion. Disney will own a 36.84% stake in the merged entity, and Reliance-backed Viacom18, which also counts Paramount Global and James Murdoch's Bodhi Tree among its backers, will own 46.82% stake.

The hearing was postponed on February 21 because the Indian Performing Right Society (IPRS), which opposes the scheme, has informed the NCLT that its application challenging the tribunals dismissal order dated February 9 has been held for judgment by the National Company Law Appellate Tribunal (NCLAT).

MUMBAI :Indian billionaire Mukesh Ambani's Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating a $8.5 billion powerhouse in the world's most populous nation.The merged entity will have 120 TV channels and two streaming platforms, making

Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media entity in the South Asian market. Reliance…

India's Reliance Industries and Walt Disney have agreed to merge their Indian media businesses, creating a $8.5 billion entertainment giant in the world's most populous nation.India's entertainment market is already one of the world's biggest, with the merger expected to further shake up the multi-billion-dollar industry.

Stocks to watch: Shares of firms like Coal India, RIL, NTPC, Oil India, Shriram Finance, Venus Pipes, and others will be in focus on Thursday's trade.

Shares of RIL surged more than 3.12 per cent to hit a new 52-week high of Rs 2,999.85 on Thursday, commanding a total market capitalization of about 20.3 lakh crore.

Reliance Industries Ltd (RIL) has announced a joint venture with Walt Disney to merge their streaming and television operations in India, creating a behemoth valued at Rs 70,352 crore.