Key Points
The failure of Zee Entertainment Enterprises and Sony Pictures Networks India to merge is expected to benefit Star-Viacom18, which would have had to contend with a duopoly if the Sony-Zee merger had also gone through.ETMarkets.comMerger to also hit telecom sector, help RIL deal with growing threat from Google, Meta..
MUMBAI: The deal to merge Reliance Industries Ltd (RIL) subsidiary Viacom18 and The Walt Disney Company's local unit Star India will significantly alter the media and entertainment sector by creating the biggest media entity in the country, said industry executives and experts...
The Rs 70,352 crore ($8.5 billion) merged entity, in which RIL will infuse Rs 11,500 crore, will have a viewership share of more than 40%, enabling it to secure premium advertising rates and consumer average revenue per user (ARPU), they said...
The JV (joint venture) will become the big daddy of media and will be 3-6x of other key peers," he said.. Star-Viacom18 will have exclusive rights to all the key cricket properties, including the Indian Premier League, International Cricket Council and Board of Control for Cricket in India, in addition to about 200,000 hours of content comprising movies and TV shows.. The consolidation of TV and digital rights of key cricket properties under a single umbrella is expected to enhance monetisation over time...
Star and Viacom18's consolidated revenue in 2022-23 was about Rs 25,000 crore, higher than the combined revenue of Zee Entertainment Enterprises, Sony Pictures Networks India and Sun TV Network, which was around Rs 18,000 crore...
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