A Shocking Twist to Disney - Reliance OTT Merger
The National Company Law Tribunal (NCLT) last month approved the merger of Walt Disney's Star india with mukesh Ambani's reliance Industries Limited's Viacom18, although there may be delays. The Competition Commission of india (CCI) wants to thoroughly examine the merger to see how it would impact market competition, which is why there has been a delay. The two businesses have filed Form 2, which is meant to inform the CCI about significant mergers that could have an effect on competition.
Viacom18 media Private Limited, mostly under Reliance's management, and reliance Industries Limited inked a contract with Star india on february 28, 2024. They intend to combine their companies to form a new joint venture. A content library, paid and free entertainment and sports TV channels, internet streaming services, and a few production businesses will all be part of this new business.
After the investment, the new business is valued at ₹70,352 crore (US$ 8.5 billion), excluding any possible savings from the merger. After all is settled, reliance will have 16.34% ownership stake in the new business. Disney will hold 36.84% and Viacom18 46.82%. If regulators and other parties approve, Disney may also include more media assets into the new business.
Viacom18 media Private Limited, mostly under Reliance's management, and reliance Industries Limited inked a contract with Star india on february 28, 2024. They intend to combine their companies to form a new joint venture. A content library, paid and free entertainment and sports TV channels, internet streaming services, and a few production businesses will all be part of this new business.
After the investment, the new business is valued at ₹70,352 crore (US$ 8.5 billion), excluding any possible savings from the merger. After all is settled, reliance will have 16.34% ownership stake in the new business. Disney will hold 36.84% and Viacom18 46.82%. If regulators and other parties approve, Disney may also include more media assets into the new business.