Walt Disney

As part of the settlement, Disney has agreed to retain a labour economist for three years to analyse pay equity

The mega joint venture, valued at Rs 70,352 crore, is focused on creating offerings that are attractive and affordable to all, and it will not be limited to just the premium subscription model

The merger between RIL's Viacom18 and Disney's Star India is anticipated to conclude by early November, pending the final approvals from CCI, NCLT and the Broadcasting Ministry

The website first went viral when a Delhi-based techie registered the domain in 2023, hoping to get Reliance to fund his higher studies in exchange for the domain

The longtime former CEO was just this week named as chair of the Walt Disney Co. board where he's been helping the company find a successor to Bob Iger

The Competition Commission of India (CCI) on Tuesday published the 48-page detailed order approving the mega media assets merger of Reliance Industries and Walt Disney, entailing various conditions, including divestment of seven TV channels. As part of seeking the regulator's approval, the parties have voluntarily agreed that they will not bundle TV ad slots for IPL, ICC and BCCI cricketing rights till the end of existing rights. Also, the parties will sell seven TV channels, including Hungama and Super Hungama. Among other conditions, the companies have voluntarily agreed that they will not bundle together the TV ad slot sales for all three cricketing rights available with them -- IPL, ICC and BCCI -- for the remaining tenure of the existing rights. "The parties will not bundle together OTT ad slot sales for all three cricketing rights available with the parties i.e. IPL, ICC and BCCI for the balance tenure of the existing rights," the 48-page order said. The parties have given a

The merger of media assets of Reliance Industries and the India business of global media house the Walt Disney is expected to be complete by the end of the third quarter of this fiscal, according to a regulatory filing by billionaire Mukesh Ambani-led group. The fair trade regulator CCI has already approved the merger of Viacom 18 and Star India and NCLT (National Company Law Tribunal) has sanctioned the scheme regarding it. "The companies are in the process of obtaining other requisite approvals for the completion of the transaction and transaction closer is expected in 3Q FY 25," informed Reliance Industries on Monday in its quarter earning statement. The merger of Reliance group-controlled media assets - TV18 Broadcast and E18 - with Network18 Media & Investments has already been sanctioned by the NCLT and was made effective on October 3, it said. Earlier on September 27, the government approved the transfer of licenses relating to Non News & Current Affairs TV channels ...

The company had said in August it was investigating an unauthorized release of over a terabyte of data from one of its communication systems

Network18 Media & Investments, which owns Reliance Industries' media assets, has received a three-month extension for convening its Annual General Meeting for FY24. The Registrar of Companies (RoC) on Tuesday granted its approval for extension of time for holding the AGM, accepting the application of the company, according to a regulatory filing from Network18 Media. Reliance is in the process of merging its media assets, including Network18 with global media giant The Walt Disney Co India business, which will create the country's largest media empire worth over Rs 70,000 crore. "This is to inform you that pursuant to the application filed by the company for extension of time for holding the 29th AGM of the company for financial year 2023-2024, Ministry of Corporate Affairs (office of the Registrar of Companies, Mumbai ) vide its order dated September 17, 2024, granted its approval for extension of time for holding the AGM," it said. Media ventures of Reliance are housed in ...

The newly merged Star India-Viacom18 will have over Rs 19,000 crore in cash reserves, enabling the company to invest in its digital and sports sectors, which may face short-term losses

Disney balked at DirecTV's request for discounts and lower distribution thresholds, one person familiar with the negotiations said

A day after anti-trust regulator CCI greenlit the mega merger of media assets of RIL and Walt Disney, Reliance Chairman Mukesh Ambani on Thursday said the deal marks the beginning of a new era in India's entertainment industry. Welcoming Disney to the Reliance family, Ambani said just like Jio and the Retail business, the expanded media business will be an invaluable growth centre in the Reliance ecosystem. "Let us now talk about our partnership with Disney. This marks the beginning of a new era in India's entertainment industry. We are combining content creation with digital streaming," he said at the RIL AGM. On Wednesday, Competition Commission of India approved the merger of media assets of Reliance Industries and The Walt Disney Co to create the country's largest media empire worth over Rs 70,000 crore. Reliance, through holding firm Network 18, owns TV18 news channels as well as a plethora of entertainment (under the 'Colors' brand) and sports channels. "We will provide ...

CCI's nod comes with subject to "certain voluntary modifications"

Disney won a months-long proxy war earlier this year with activist investor Nelson Peltz who argued the company had underperformed

Antitrust experts had warned the merger, announced in February, could face intense scrutiny, especially on the sporting rights issue

The companies announced the service in February to woo younger viewers who are not tuned in to cable TV by bundling their broad portfolio of sports rights

Banerjee has resigned from Disney's India unit where he was the head of content for its streaming service

The deal is set to reshape India's $28 billion media and entertainment market, where the Reliance-Disney combo will compete with Netflix, Amazon Prime, Zee Entertainment and Sony

Announced in February, the service will try to woo younger viewers who are not tuned in to cable TV with bundled offering of the companies' broad portfolio of professional and collegiate sports rights

Customers will be able to sign up on any of the three individual websites and chose from an ad-free or ad-supported plan. No prices were disclosed