.2 min checked out Last Upgraded: Sep 28 2024|10:01 PM IST.On Saturday, the Ministry of Info and also Broadcasting provided Dependence Industries Limited (RIL) approval for the transmission of licenses for non-news and existing undertakings TV channels. As a result, the channels possessed by Viacom 18 Media Pvt Ltd will definitely be transferred to Superstar India Private Limited. This merging will continue under the specifications set forth by the Competitors Commission of India (CCI).This selection is part of a critical joint venture in between Dependence Industries Ltd and also Disney. RIL pointed out that the authorities's commendation was offered with a purchase old September 27, 2024, adhering to a media release labelled "Reliance as well as Disney Announce Strategic Joint Venture to Unite one of the most Engaging and also Engaging Amusement Brands in India," originally provided on February 28, 2024..The CCI approved the Rs 70,350-crore merger between RIL and Disney's Indian media possessions on August 28, 2024. The Mumbai bench of the National Firm Law Tribunal (NCLT) gave its own clearance for the Viacom18-Star India merger on August 30. Go here to get in touch with our team on WhatsApp.
The Reliance-Disney alliance will certainly take on Sony, Netflix, and Amazon.com, using 120 TV stations and 2 streaming solutions.The merger is actually prepared for to become finalised in the final quarter of 2024 or the 1st fourth of 2025.
1st Posted: Sep 28 2024|9:50 PM IST.