Key Points
The $8.5 billion behemoth birthed by the merger of RILs Viacom18 and Walt Disneys Star India is set to redefine media, entertainment and sports in India..
Months after relinquishing her position on the board of Reliance Industries (RIL), Nita Ambani has taken on her first business role as the chairperson of the proposed Star IndiaViacom18 merged entity...
While Nita Ambani has been associated with sports, steering the ship for ventures like the IPL franchise Mumbai Indians and spearheading grassroots sports development through the Reliance Foundation (RF), her coronation as chairperson of the StarViacom18 juggernaut marks her grand debut into the glitzy world of media..
Star India, which once commanded over $15 billion in valuation, has seen its valuation plummet to over $3 billion due to the decline in subscriber base of Disney+ Hotstar due to IPL digital rights losses and the mounting losses from sports due to costly sports rights renewals...
After failing to conclude a deal with the second and third largest players, the Mukesh Ambanibacked company struck gold in its third attempt with the acquisition of market leader Star India, a treasured asset in Indias media industry..
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28, Feb, 24Reliance Industries Limited (“RIL”), Viacom 18 Media Private Limited (“Viacom18”) and The Walt Disney Company (NYSE:DIS) (“Disney”) today announced the signing of binding definitive agreements to form a joint venture (“JV”) that will combine the businesses of Viacom18 and Star India. As part of the transaction, the media undertaking of Viacom18 will be merged into Star India Private Limited (“SIPL”) through a court-approved scheme of arrangement.
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24, Oct, 23India Business News: Reliance Industries is reportedly close to acquiring Walt Disney's India operations in a cash and stock deal. Disney may sell a controlling stake in i
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28, Feb, 24Reliance-Disney media deal: Nita Ambani will be the chairperson of the merged entity, while Uday Shankar will serve as the vice chairperson.
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27, Feb, 24Reliance Industries issued a statement on stock exchanges, refusing to comment on media speculation about its reported merger deal with Disney. The clarification mentioned the company's ongoing evaluation of opportunities, stating that there is no undisclosed information requiring disclosure under SEBI regulations. The reported merger between Viacom18 and Star India under Reliance's media unit and Disney's stake is anticipated to create India's largest media empire
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25, Dec, 23Reliance and Disney Star are one step ahead in finalising their mega-merger, signing a non-binding agreement in regarding the same.
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29, Feb, 24As of now, Reliance will effectively control the joint venture. It will own a direct stake of 16.34% in the company, while subsidiary Viacom18 will own 46.82%, and Disney 36.84%.