.2 min read through Last Improved: Sep 28 2024|10:01 PM IST.On Saturday, the Administrative Agency of Info as well as Televison broadcasting approved Dependence Industries Limited (RIL) commendation for the transfer of licenses for non-news as well as existing events television channels. As a result, the networks had through Viacom 18 Media Pvt Ltd are going to be actually moved to Star India Private Limited. This merger will certainly move on under the specifications set forth by the Competition Commission of India (CCI).This selection belongs to an important joint venture in between Dependence Industries Ltd and also Disney. RIL mentioned that the federal government's approval was given via a purchase old September 27, 2024, observing a news releases titled "Reliance as well as Disney Announce Strategic Joint Endeavor to Bring Together the Most Powerful and also Engaging Enjoyment Brands in India," originally issued on February 28, 2024..The CCI approved the Rs 70,350-crore merger in between RIL and also Disney's Indian media possessions on August 28, 2024. The Mumbai bench of the National Company Legislation Tribunal (NCLT) provided its own approval for the Viacom18-Star India merger on August 30. Visit this site to get in touch with us on WhatsApp.
The Reliance-Disney partnership is going to take on Sony, Netflix, and Amazon, delivering 120 TV channels and also pair of streaming solutions.The merger is actually prepared for to become finalized in the final quarter of 2024 or the 1st one-fourth of 2025.
Very First Posted: Sep 28 2024|9:50 PM IST.