.2 minutes checked out Last Improved: Sep 28 2024|10:01 PM IST.On Sunday, the Ministry of Information and Televison broadcasting provided Dependence Industries Limited (RIL) commendation for the transmission of licenses for non-news and existing affairs TV stations. As a result, the stations owned through Viacom 18 Media Pvt Ltd will be moved to Star India Private Limited. This merging will go ahead under the terms stated due to the Competition Earnings of India (CCI).This decision belongs to a calculated joint endeavor between Reliance Industries Ltd as well as Disney.
RIL discussed that the authorities’s commendation was given via an order old September 27, 2024, adhering to a media release titled “Reliance as well as Disney Announce Strategic Junction Project to Unite the best Powerful and Engaging Amusement Brands in India,” originally provided on February 28, 2024..The CCI accepted the Rs 70,350-crore merger between RIL and Disney’s Indian media resources on August 28, 2024. The Mumbai bench of the National Company Regulation Tribunal (NCLT) offered its approval for the Viacom18-Star India merging on August 30. Visit this site to associate with our company on WhatsApp.
The Reliance-Disney partnership will take on Sony, Netflix, and also Amazon.com, giving 120 TV networks and 2 streaming services.The merging is anticipated to be finalised in the final one-fourth of 2024 or the 1st one-fourth of 2025. 1st Released: Sep 28 2024|9:50 PM IST.