.2 minutes read through Last Upgraded: Sep 28 2024|10:01 PM IST.On Sunday, the Ministry of Info and also Televison broadcasting gave Dependence Industries Limited (RIL) commendation for the move of licenses for non-news as well as present affairs television stations. Because of this, the stations had through Viacom 18 Media Pvt Ltd will definitely be actually moved to Superstar India Private Limited. This merger is going to continue under the requirements set forth by the Competitors Commission of India (CCI).This selection is part of a strategic joint project in between Dependence Industries Ltd as well as Disney.
RIL pointed out that the government’s commendation was actually offered by means of an order old September 27, 2024, observing a media release labelled “Reliance as well as Disney Announce Strategic Junction Project to Combine the best Powerful as well as Engaging Home Entertainment Brands in India,” originally given out on February 28, 2024..The CCI permitted the Rs 70,350-crore merger in between RIL as well as Disney’s Indian media possessions on August 28, 2024. The Mumbai bench of the National Provider Rule Tribunal (NCLT) provided its own authorization for the Viacom18-Star India merging on August 30. Visit here to associate with our team on WhatsApp.
The Reliance-Disney partnership will definitely compete with Sony, Netflix, and Amazon, offering 120 TV networks and pair of streaming solutions.The merging is expected to become finalized in the last fourth of 2024 or even the very first one-fourth of 2025. Very First Published: Sep 28 2024|9:50 PM IST.