Banerjee has resigned from Disney's India unit where he was the head of content for its streaming service
The merger will be done in two stages: the transfer of Viacom18's TV and streaming assets to Digital18 and the demerger and vesting of these assets from Digital18 to Star India
Tata IPL 2024: Star Sports experienced an 18% increase from the previous edition in terms of total watch time, with viewers spending 356,000 million minutes
Disney amazed fans on Monday, April 29, with the arrival of the much-awaited mystery trailer for 'Mufasa: The Lion King,' the prequel to the 2019 remake of the classic animated movie
MI vs CSK witnessed 63 million concurrent viewers tuning in during Dhoni's batting, making it the highest for this season
Streaming rival Netflix's password-sharing crackdown had helped it add nearly 22 million subscribers in the second half of 2023 and shatter Wall Street expectations
Disney shareholders rallied behind longtime CEO Robert Iger, voting Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney chief financial officer Jay Rasulo, who had sought seats on the company's board. The company had recommended a slate of directors that did not include Peltz or Rasulo. The dissident shareholders had said in a preliminary proxy filing that they wanted to complete a successful CEO succession at Disney and align management pay with performance. Disney announced in November 2022 that Bob Iger would come back to the company as its CEO to replace his hand-picked successor, Bob Chapek, whose two-year tenure had been marked by clashes, missteps and weakening financial performance. Iger was Disney's public face for 15 years as chief executive before handing the job off to Chapek in 2020, a stretch in which Iger compiled a string of victories lauded in the entertainment industry and by Disney fans. But his second run at the job has not won him ...
Disney offered to meet with Blackwells and provide documentation confirming that ValueAct had stopped managing Disney pension funds but Blackwells declined the offer
Star India has sought "specific performance" of the agreement or the payment of damages, Zee said in a statement, without providing details
Iger is spending time with all of the internal candidates to help them understand how he approaches the job and give them exposure to business units they're not familiar with
Last month, Reliance agreed to acquire Disney's India business, creating an $8.5 billion media giant ranging from film and television production to news and sports content.
The Disney-Reliance combine will have enormous reach, market muscle, and a unique combination of broadcast and digital
Media Partners Asia report says profits from television broadcast will help offset the losses in sports and digital
The merger of the Indian media business of Walt Disney with Reliance Industries' Viacom18 will create a "significant dominant player", which might reduce the bargaining power for media buying agencies, the country's advertising industry has said. The Rs 70,000-crore behemoth, created post-merger may enable it to exert greater control over pricing and inventory of media rights and also influence over content, advertising industry leaders said. According to the experts, the merged entity will almost have a monopoly in sports properties as it will collectively control 75-80 per cent of the Indian sports market, in both linear TV and digital platforms and may uptick the rates. The joint venture, which is expected to receive approvals by the first quarter of 2025, will have over 70 channels from Star India and 38 TV channels from Viacom18 in eight languages, along with two large OTT platforms -- Jio Cinema and Hotstar -- and two film studios owned by each of them. "The Star-Viacom merge
Reliance's JioCinema is largely free and doesn't disclose user numbers, having started a premium paid offering just last year
The development will be negative for other players such as Zee, analysts said, who will now have to compete with a much larger entity
As part of the transaction, the media undertaking of Viacom18, a RIL group company, will be merged into Star India Private, a Disney-owned firm
RIL to invest $1.4 bn in JV; Nita Ambani named chairperson, Uday Shankar vice-chairperson
"The whole narrative will change from TV is dying to TV-plus-digital is the future," says an industry observer
Reliance and Disney are expected to make a formal announcement on Wednesday after signing a binding pact. Shankar is set to take a stake of around 9% in the new merged entity