.2 minutes went through Final Upgraded: Sep 28 2024|10:01 PM IST.On Sunday, the Department of Details and Televison broadcasting granted Dependence Industries Limited (RIL) commendation for the transmission of licenses for non-news and also existing affairs TV stations. Therefore, the channels had through Viacom 18 Media Pvt Ltd will be actually moved to Superstar India Private Limited. This merging will continue under the terms set forth by the Competition Commission of India (CCI).This decision is part of a key joint project in between Dependence Industries Ltd and also Disney.
RIL pointed out that the government’s approval was given through an order old September 27, 2024, adhering to a media release entitled “Dependence and also Disney Announce Strategic Joint Endeavor to Unite the absolute most Convincing and also Engaging Home Entertainment Brands in India,” initially provided on February 28, 2024..The CCI permitted the Rs 70,350-crore merger between RIL and also Disney’s Indian media possessions on August 28, 2024. The Mumbai bench of the National Business Law Tribunal (NCLT) provided its own approval for the Viacom18-Star India merger on August 30. Click on this link to get in touch with our team on WhatsApp.
The Reliance-Disney alliance is going to compete with Sony, Netflix, as well as Amazon.com, using 120 TV channels and two streaming services.The merging is prepared for to be finalized in the final quarter of 2024 or the first quarter of 2025. Initial Posted: Sep 28 2024|9:50 PM IST.