.2 minutes checked out Final Updated: Sep 28 2024|10:01 PM IST.On Sunday, the Administrative Agency of Information and Televison broadcasting gave Reliance Industries Limited (RIL) approval for the move of licenses for non-news and present affairs TV networks. Because of this, the channels owned by Viacom 18 Media Pvt Ltd will be actually moved to Star India Private Limited. This merger is going to move on under the specifications stated by the Competition Earnings of India (CCI).This decision is part of an important joint venture between Dependence Industries Ltd and Disney. RIL pointed out that the authorities's approval was provided through a purchase outdated September 27, 2024, observing a media release labelled "Dependence and Disney Announce Strategic Joint Project to Bring Together the absolute most Compelling and Engaging Amusement Brands in India," actually given out on February 28, 2024..The CCI approved the Rs 70,350-crore merging in between RIL and also Disney's Indian media properties on August 28, 2024. The Mumbai bench of the National Business Law Tribunal (NCLT) gave its clearance for the Viacom18-Star India merging on August 30. Visit here to get in touch with us on WhatsApp.
The Reliance-Disney alliance will definitely take on Sony, Netflix, and also Amazon.com, providing 120 TV networks and two streaming solutions.The merging is expected to be finalized in the final one-fourth of 2024 or the very first quarter of 2025.
Initial Released: Sep 28 2024|9:50 PM IST.