Viacom 18 and Star India to Work Together from October!
On february 28, Reliance's Viacom 18 and Walt Disney's Star india declared their intention to unite. Given the approval of all investors and owners of both firms, CCI is anticipated to get the go-ahead in October. Following the merger of Viacom 18 and Star india, it will emerge as one of the world's leading sports enterprises, sharing the streaming rights to multiple cricket competitions, including the Pro Kabaddi League, the indian Premier League, and the indian International Bilateral Series.
The merger was planned and announced by both businesses on february 28. Following the announcement, the merger has been accepted by the shareholders and investors of both firms. All that remains to be done is wait for the CCI Competition Commission of india to approve the merger. It is anticipated that the merger will be finalised by october if the competition inspector grants approval. Additionally, the National Company Law Tribunal (NCLT) has already been tasked with making a final verdict in the merger dispute involving both corporations.
Streaming services have already begun to provide their opinions on the merger to the CCI. If all goes according to plan, Viacom 18 and Star india will collaborate starting in october, and they might end up becoming the best sports business globally. Additionally, Viacom 18 and Star india would have a combined audience of over 750 million people nationwide. if this partnership turns into a sports streaming monopoly.
Streaming services have already begun to provide their opinions on the merger to the CCI. If all goes according to plan, Viacom 18 and Star india will collaborate starting in october, and they might end up becoming the best sports business globally. Additionally, Viacom 18 and Star india would have a combined audience of over 750 million people nationwide. if this partnership turns into a sports streaming monopoly.