.2 minutes read Last Improved: Sep 28 2024|10:01 PM IST.On Sunday, the Ministry of Info and also Broadcasting gave Dependence Industries Limited (RIL) approval for the transfer of licenses for non-news and also current affairs TV networks. Therefore, the stations possessed by Viacom 18 Media Pvt Ltd will certainly be moved to Star India Private Limited. This merging is going to continue under the specifications set forth due to the Competitors Commission of India (CCI).This choice belongs to a key joint venture between Reliance Industries Ltd as well as Disney.
RIL mentioned that the government’s commendation was provided by means of a purchase dated September 27, 2024, observing a news releases entitled “Reliance and also Disney Announce Strategic Joint Endeavor to Unite the Most Engaging and Engaging Entertainment Brands in India,” originally issued on February 28, 2024..The CCI permitted the Rs 70,350-crore merger in between RIL as well as Disney’s Indian media assets on August 28, 2024. The Mumbai bench of the National Business Rule Tribunal (NCLT) offered its clearance for the Viacom18-Star India merger on August 30. Visit here to get in touch with our company on WhatsApp.
The Reliance-Disney alliance is going to compete with Sony, Netflix, as well as Amazon.com, offering 120 TV channels and two streaming services.The merging is actually prepared for to be finalised in the last one-fourth of 2024 or the initial one-fourth of 2025. 1st Published: Sep 28 2024|9:50 PM IST.