.2 min checked out Final Updated: Sep 28 2024|10:01 PM IST.On Sunday, the Administrative Agency of Info and Televison broadcasting approved Dependence Industries Limited (RIL) commendation for the transactions of licenses for non-news as well as present events television networks. Therefore, the stations possessed by Viacom 18 Media Pvt Ltd will certainly be moved to Star India Private Limited. This merger will certainly move on under the stipulations stated by the Competition Commission of India (CCI).This selection becomes part of a strategic joint project in between Dependence Industries Ltd and Disney.
RIL stated that the federal government’s approval was offered by means of a purchase outdated September 27, 2024, following a media release labelled “Reliance and also Disney Announce Strategic Joint Project to Bring Together one of the most Engaging and Engaging Enjoyment Brands in India,” originally provided on February 28, 2024..The CCI accepted the Rs 70,350-crore merging between RIL and Disney’s Indian media possessions on August 28, 2024. The Mumbai bench of the National Business Legislation Tribunal (NCLT) gave its approval for the Viacom18-Star India merging on August 30. Visit this site to associate with our team on WhatsApp.
The Reliance-Disney partnership will compete with Sony, Netflix, and also Amazon.com, delivering 120 television channels and also 2 streaming companies.The merging is actually prepared for to become finalised in the last one-fourth of 2024 or even the very first fourth of 2025. Initial Posted: Sep 28 2024|9:50 PM IST.