Key Points
Oil-to-retail conglomerate Reliance Industries on Tuesday issued a clarification on the stock exchanges regarding its reported merger deal with Disney, saying it won't be able to comment on speculation...
According to sources, the media division of Reliance, under the ownership of billionaire Mukesh Ambani, and its associated companies are projected to hold a minimum of 61 per cent in the combined entity, while Disney will retain the remaining stake...
Additionally, the entity will wield influence through two streaming platforms, Disney+ Hotstar and JioCinema, securing substantial market shares in both subscription and advertising video-on-demand segments...
According to legal experts speaking to ET, the merger deal is expected to face scrutiny from the Competition Commission of India due to the projected market share of the combined entity exceeding 40 per cent in both television and streaming..
The Star-Viacom18 entity will possess sports assets, including the Pro Kabaddi League and the Indian Super League, in which Reliance and Disney have a 65:35 joint venture...
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