Key Points
The Ministry of Information and Broadcasting has approved Reliance Industries Limited's (RIL) transfer of non-news and current affairs TV channels..
These channels, currently owned by Viacom18 Media Pvt Ltd, will be transferred to Star India Private Limited, marking a crucial move in the joint venture between RIL and Disney...
This approval, issued on September 27, 2024, is part of the broader collaboration between Reliance and Disney, announced earlier this year..
The Competition Commission of India (CCI) had already cleared the 70,350 crore merger of Reliance and Disney's Indian media assets on August 28, 2024..
Other key figures include James Murdoch and Mohammed Ahmed Al-Hardan from Qatar Investment Authority, an investor in Bodhi Tree, along with Jyoti Deshpande, president of media and content at Reliance Industries, and Shuva Mandal of Anagram Partners.. Post-merger, Nita Ambani will become chairperson of the newly formed entity, with Uday Shankar, former head of Star India and seasoned media executive, serving as vice-chairperson..
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