.2 minutes reviewed Last Upgraded: Sep 28 2024|10:01 PM IST.On Sunday, the Administrative Agency of Information as well as Broadcasting gave Dependence Industries Limited (RIL) approval for the transfer of licenses for non-news and current affairs TV channels. As a result, the channels had by Viacom 18 Media Pvt Ltd will definitely be actually transferred to Superstar India Private Limited. This merging will definitely move on under the stipulations set forth due to the Competitors Earnings of India (CCI).This choice becomes part of a strategic joint endeavor in between Dependence Industries Ltd and also Disney. RIL stated that the federal government's commendation was actually given with an order old September 27, 2024, adhering to a news releases titled "Dependence and also Disney Announce Strategic Junction Project to Bring Together the best Convincing and also Engaging Home Entertainment Brands in India," initially given out on February 28, 2024..The CCI approved the Rs 70,350-crore merger between RIL and Disney's Indian media assets on August 28, 2024. The Mumbai bench of the National Company Rule Tribunal (NCLT) gave its clearance for the Viacom18-Star India merger on August 30. Click on this link to connect with our team on WhatsApp.
The Reliance-Disney partnership will certainly compete with Sony, Netflix, and also Amazon, delivering 120 TV channels as well as two streaming solutions.The merger is actually prepared for to be settled in the final quarter of 2024 or the 1st quarter of 2025.
First Released: Sep 28 2024|9:50 PM IST.