.2 minutes went through Last Improved: Sep 28 2024|10:01 PM IST.On Saturday, the Ministry of Relevant information and Transmitting provided Reliance Industries Limited (RIL) commendation for the transmission of licenses for non-news as well as present events TV channels. As a result, the stations owned through Viacom 18 Media Pvt Ltd will definitely be actually moved to Star India Private Limited. This merging will continue under the requirements stated by the Competitors Commission of India (CCI).This selection belongs to a key shared endeavor in between Dependence Industries Ltd and also Disney. RIL discussed that the authorities's commendation was actually offered via a purchase outdated September 27, 2024, observing a media release labelled "Reliance and Disney Announce Strategic Joint Venture to Combine the Most Powerful and Engaging Enjoyment Brands in India," initially provided on February 28, 2024..The CCI permitted the Rs 70,350-crore merger between RIL and also Disney's Indian media assets on August 28, 2024. The Mumbai bench of the National Firm Regulation Tribunal (NCLT) gave its own authorization for the Viacom18-Star India merging on August 30. Visit here to connect with our team on WhatsApp.
The Reliance-Disney partnership will definitely compete with Sony, Netflix, and also Amazon, giving 120 television stations and two streaming companies.The merger is foreseed to be settled in the last one-fourth of 2024 or the initial fourth of 2025.
Very First Posted: Sep 28 2024|9:50 PM IST.