.2 minutes went through Last Upgraded: Sep 28 2024|10:01 PM IST.On Saturday, the Ministry of Info as well as Televison broadcasting gave Dependence Industries Limited (RIL) approval for the move of licenses for non-news as well as current events TV stations. As a result, the networks possessed through Viacom 18 Media Pvt Ltd are going to be transmitted to Superstar India Private Limited. This merging is going to move on under the provisions stated by the Competitors Commission of India (CCI).This selection belongs to a tactical shared endeavor between Dependence Industries Ltd and Disney. RIL discussed that the government's approval was actually given via a purchase outdated September 27, 2024, observing a media release entitled "Reliance and Disney Announce Strategic Junction Project to Unite the Most Compelling and Engaging Home Entertainment Brands in India," initially released on February 28, 2024..The CCI authorized the Rs 70,350-crore merger between RIL and Disney's Indian media possessions on August 28, 2024. The Mumbai bench of the National Firm Rule Tribunal (NCLT) gave its authorization for the Viacom18-Star India merger on August 30. Click on this link to connect with us on WhatsApp.
The Reliance-Disney partnership is going to compete with Sony, Netflix, and also Amazon.com, offering 120 television channels as well as two streaming companies.The merging is anticipated to be finalised in the final quarter of 2024 or even the initial one-fourth of 2025.
Initial Released: Sep 28 2024|9:50 PM IST.