Tag: disney reliance merger

Disney Hotstar head Sajith Sivanandan quits after India merger with Reliance: Report

October 24, 2024 admin

Sajith Sivanandan. | Photo Credit: Bijoy Ghosh The head of U.S. giant Disney’s Hotstar streaming app in India, Sajith Sivanandan, has resigned, three sources said on Thursday (October 24, 2024), as business integration gathers pace after the company’s $8.5 billion merger with Reliance’s India media assets. The resignation comes days after an internal decision for…

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CCI clears mega-deal involving merger of media assets of RIL and Walt Disney

August 28, 2024 admin

The CCI did not disclose voluntary modifications in the original deal made by the two parties. | Photo Credit: Reuters Competition Commission of India on Wednesday (August 28, 2024) said it has approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country’s largest media empire. The deal,…

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CCI warns Disney, Reliance merger will hurt rivals: report

August 20, 2024 admin

The CCI earlier privately asked Reliance and Disney around 100 questions related to the merger. File. | Photo Credit: Reuters India’s antitrust body, the Competition Commission of India (CCI), has reached an initial assessment that the $8.5 billion India merger of Reliance and Walt Disney media assets harms competition due to their power over cricket…

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Disney, Reliance to merge India media operations to create ₹70,000-crore behemoth

February 28, 2024 admin

Reliance has agreed to invest around ₹11,500 crore in the joint venture to grow the OTT business. | Photo Credit: Reuters Walt Disney Co and Reliance Industries on February 28 announced signing of binding pacts to merge their media operations in India to create a ₹70,000 crore behemoth. Reliance and its affiliates will hold 63.16%…

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