The Walt Disney Company and billionaire Mukesh Ambani’s Reliance Industries have merged their massive Indian TV and streaming businesses, ending months of speculation.
As per the agreement, Reliance’s Viacom18 is merging with Disney’s Star India. The deal is estimated to be worth $8.5 billion on a ‘post-money basis,’ the companies said.
Reliance Industries will own 16.3% of the merged entity, Viacom18 will own 46.8% and Disney 36.8%.
The Reliance duo will invest $1.4 billion into the joint venture and Nita Ambani will serve as chair of the merged entity. Former Disney India chair Uday Shankar is set as vice chair and strategic advisor.
(Bodhi Tree, a company controlled by Shankar and James Murdoch, owns 15.97% of Viacom18. Paramount holds 13% of Viacom18.)
A combination of the two – which include rival streaming platforms, India’s leading pay-tv platform and over 100 linear TV channels – has the potential to substantially re-shape the Indian media and entertainment scene and command a 40% market share.
As per the agreement, Reliance’s Viacom18 is merging with Disney’s Star India. The deal is estimated to be worth $8.5 billion on a ‘post-money basis,’ the companies said.
Reliance Industries will own 16.3% of the merged entity, Viacom18 will own 46.8% and Disney 36.8%.
The Reliance duo will invest $1.4 billion into the joint venture and Nita Ambani will serve as chair of the merged entity. Former Disney India chair Uday Shankar is set as vice chair and strategic advisor.
(Bodhi Tree, a company controlled by Shankar and James Murdoch, owns 15.97% of Viacom18. Paramount holds 13% of Viacom18.)
A combination of the two – which include rival streaming platforms, India’s leading pay-tv platform and over 100 linear TV channels – has the potential to substantially re-shape the Indian media and entertainment scene and command a 40% market share.
- 2/28/2024
- by Naman Ramachandran and Patrick Frater
- Variety Film + TV
Actor R Madhavan, who recently won the hearts of the audience with the portrayal of Rati Pandey in the show ‘The Railway Men’, unveiled his look from his upcoming film, and he appears poised and debonair.
The photos features the ‘Rehnaa Hai Terre Dil Mein’ actor wearing a white formal shirt, navy blue pants, matching tiem, and a beige coat. He completed the look with black formal shoes, and sported a beard and moustache look.
Madhavan said: “This is the look for my new film. This year there are four films in the pipeline, one with Ajay Devgan, and one with Akshay Kumar. One called ‘Hissab Barabar’ with Jio, and one with the ‘Vikram Vedha’ producers Sashi, with Nayantara called ‘Test’, and a Tamil film called ‘Adhirshtasaali’. So there’s a lot in store.”
The 53-year-old actor had also made his directorial debut in 2022 with the biographical drama ‘Rocketry: The Nambi Effect...
The photos features the ‘Rehnaa Hai Terre Dil Mein’ actor wearing a white formal shirt, navy blue pants, matching tiem, and a beige coat. He completed the look with black formal shoes, and sported a beard and moustache look.
Madhavan said: “This is the look for my new film. This year there are four films in the pipeline, one with Ajay Devgan, and one with Akshay Kumar. One called ‘Hissab Barabar’ with Jio, and one with the ‘Vikram Vedha’ producers Sashi, with Nayantara called ‘Test’, and a Tamil film called ‘Adhirshtasaali’. So there’s a lot in store.”
The 53-year-old actor had also made his directorial debut in 2022 with the biographical drama ‘Rocketry: The Nambi Effect...
- 1/4/2024
- by Agency News Desk
- GlamSham
Disney and Reliance Industries have moved closer to a merger of their massive Indian TV and streaming businesses. A combination of the two – which include rival streaming platforms, India’s leading pay-tv platform and over 100 linear TV channels – has the potential to substantially re-shape the Indian media and entertainment scene.
Quoting unnamed sources close to the deal, the Reuters news agency reported on Thursday that the two companies had appointed lawyers to handle potential anti-trust issues that would likely arise. The agency named both law firms retained.
Reuters also said that a non-binding merger term sheet had been signed by the parties at the end of December.
Neither Reliance Industries nor Disney have offered any comment to repeated enquiries from Variety.
Disney became one of the largest players in the Indian entertainment field when it bought 21st Century Fox. The former Murdoch family-led operation included the Star pay-tv platform and...
Quoting unnamed sources close to the deal, the Reuters news agency reported on Thursday that the two companies had appointed lawyers to handle potential anti-trust issues that would likely arise. The agency named both law firms retained.
Reuters also said that a non-binding merger term sheet had been signed by the parties at the end of December.
Neither Reliance Industries nor Disney have offered any comment to repeated enquiries from Variety.
Disney became one of the largest players in the Indian entertainment field when it bought 21st Century Fox. The former Murdoch family-led operation included the Star pay-tv platform and...
- 1/4/2024
- by Patrick Frater and Naman Ramachandran
- Variety Film + TV
Mumbai Film Festival has announced a packed line-up of 250 films, including the 14 titles selected for its inaugural South Asia Competition, part of an expansion of the festival’s vision to become a hub for works from South Asia and South Asian diaspora talent.
Returning as an in-person event with backing from Reliance Jio, the festival will be based at the Nita Mukesh Ambani Cultural Centre (Nmacc) with screenings taking place across eight venues and 20 screens in Mumbai. The 10-day festival, organized by Mumbai Academy of Moving Image (Mami), will open with a glamorous red carpet event at Nmacc on October 27 and run until November 5, with the awards ceremony being held on November 3.
The South Asia Competition includes films from debut and second-time filmmakers from across India, Bangladesh, Bhutan and Nepal, as well as diaspora filmmakers from the UK and Germany. Selected titles include Kanu Behl’s Agra, an India-France co-production that premiered at Cannes,...
Returning as an in-person event with backing from Reliance Jio, the festival will be based at the Nita Mukesh Ambani Cultural Centre (Nmacc) with screenings taking place across eight venues and 20 screens in Mumbai. The 10-day festival, organized by Mumbai Academy of Moving Image (Mami), will open with a glamorous red carpet event at Nmacc on October 27 and run until November 5, with the awards ceremony being held on November 3.
The South Asia Competition includes films from debut and second-time filmmakers from across India, Bangladesh, Bhutan and Nepal, as well as diaspora filmmakers from the UK and Germany. Selected titles include Kanu Behl’s Agra, an India-France co-production that premiered at Cannes,...
- 10/9/2023
- by Liz Shackleton
- Deadline Film + TV
As students, we knew that the authors who understood the subject best wrote textbooks in the most straightforward language. And "experts" who claimed to know everything managed to confuse all students with their supposed intelligent writings.
Tech can be tough. Techies bring it on themselves with jargon and complexity, but does a user have to be a techie to use their product? The 3 Techies Banter #3Tb podcast ensures Tech is not Tough. You can even laugh about it!
3 Techies Banter is a technology podcast for non-techies (and techies) - anyone with a sense of humour and an inclination to want to discover new things in the world of tech. The three “techies”, Samiran Ghosh, Nilesh Patankar and Sheetal Choksi, come from diverse backgrounds. We have worked across multiple industries from technology to research to content and education. Yet, we are united in our desire to make technology a topic of...
Tech can be tough. Techies bring it on themselves with jargon and complexity, but does a user have to be a techie to use their product? The 3 Techies Banter #3Tb podcast ensures Tech is not Tough. You can even laugh about it!
3 Techies Banter is a technology podcast for non-techies (and techies) - anyone with a sense of humour and an inclination to want to discover new things in the world of tech. The three “techies”, Samiran Ghosh, Nilesh Patankar and Sheetal Choksi, come from diverse backgrounds. We have worked across multiple industries from technology to research to content and education. Yet, we are united in our desire to make technology a topic of...
- 9/20/2022
- Podnews.net
Mumbai, Aug 1 (Ians) Leading telecom operator Reliance Jio said on Monday that it has acquired spectrum in the 700MHz, 800MHz, 1800MHz, 3300MHz, and 26GHz bands in the auctions conducted by the Department of Telecommunications (DoT) for Rs 88,078 crore for a period of 20 years. Jio said that its unique 700 MHz spectrum footprint […]...
- 8/1/2022
- by Glamsham Bureau
- GlamSham
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