.2 minutes checked out Final Improved: Sep 28 2024|10:01 PM IST.On Saturday, the Administrative Agency of Information as well as Broadcasting granted Dependence Industries Limited (RIL) commendation for the move of licenses for non-news and existing affairs TV channels. Because of this, the channels had by Viacom 18 Media Pvt Ltd will definitely be moved to Star India Private Limited. This merging will certainly go ahead under the provisions set forth by the Competition Commission of India (CCI).This decision belongs to a strategic shared project between Dependence Industries Ltd as well as Disney. RIL mentioned that the federal government's approval was offered via an order dated September 27, 2024, adhering to a media release labelled "Dependence and Disney Announce Strategic Joint Endeavor to Unite the Most Compelling and also Engaging Home Entertainment Brands in India," initially issued on February 28, 2024..The CCI authorized the Rs 70,350-crore merger between RIL and Disney's Indian media properties on August 28, 2024. The Mumbai bench of the National Company Rule Tribunal (NCLT) provided its clearance for the Viacom18-Star India merger on August 30. Visit here to associate with us on WhatsApp.
The Reliance-Disney collaboration is going to take on Sony, Netflix, as well as Amazon.com, providing 120 TV channels and also 2 streaming companies.The merging is actually foreseed to be settled in the last one-fourth of 2024 or even the 1st one-fourth of 2025.
Initial Published: Sep 28 2024|9:50 PM IST.