.2 min read through Last Upgraded: Sep 28 2024|10:01 PM IST.On Saturday, the Ministry of Info as well as Televison broadcasting approved Reliance Industries Limited (RIL) commendation for the transfer of licenses for non-news and present affairs TV channels. Therefore, the stations had through Viacom 18 Media Pvt Ltd are going to be transmitted to Star India Private Limited. This merger will certainly go ahead under the terms stated by the Competition Commission of India (CCI).This selection becomes part of a critical shared project in between Dependence Industries Ltd and also Disney. RIL stated that the government's commendation was actually provided through an order dated September 27, 2024, observing a media release titled "Dependence as well as Disney Announce Strategic Joint Endeavor to Unite one of the most Engaging and also Engaging Enjoyment Brands in India," initially provided on February 28, 2024..The CCI permitted the Rs 70,350-crore merging between RIL and also Disney's Indian media resources on August 28, 2024. The Mumbai bench of the National Business Regulation Tribunal (NCLT) provided its own approval for the Viacom18-Star India merger on August 30. Visit this site to get in touch with our team on WhatsApp.
The Reliance-Disney alliance will take on Sony, Netflix, as well as Amazon.com, using 120 TV stations as well as two streaming solutions.The merger is expected to be finalised in the last fourth of 2024 or the first one-fourth of 2025.
Initial Posted: Sep 28 2024|9:50 PM IST.