.2 min read Final Updated: Sep 28 2024|10:01 PM IST.On Saturday, the Ministry of Info as well as Televison broadcasting provided Reliance Industries Limited (RIL) approval for the transfer of licenses for non-news and also existing events TV channels. Consequently, the networks possessed by Viacom 18 Media Pvt Ltd are going to be actually transmitted to Superstar India Private Limited. This merging will certainly proceed under the provisions stated by the Competitors Earnings of India (CCI).This choice becomes part of a strategic joint endeavor between Dependence Industries Ltd and Disney.
RIL discussed that the federal government’s approval was offered via a purchase dated September 27, 2024, complying with a news releases titled “Dependence and Disney Announce Strategic Joint Project to Unite one of the most Engaging and also Engaging Enjoyment Brands in India,” originally released on February 28, 2024..The CCI accepted the Rs 70,350-crore merging between RIL and Disney’s Indian media assets on August 28, 2024. The Mumbai bench of the National Firm Law Tribunal (NCLT) offered its clearance for the Viacom18-Star India merging on August 30. Click on this link to associate with us on WhatsApp.
The Reliance-Disney collaboration will compete with Sony, Netflix, and Amazon, supplying 120 TV stations and also pair of streaming solutions.The merging is actually anticipated to become finalized in the final one-fourth of 2024 or even the very first fourth of 2025. First Posted: Sep 28 2024|9:50 PM IST.