Breaking Reliance and Disney Announce Strategic Joint Venture

[SarFa]

Reliance Industries Limited (RIL), Viacom 18 Media Private Limited and The Walt Disney Company today announced the signing of binding definitive agreements to form a joint venture that will combine the businesses of Viacom18 and Star India. As part of the transaction, the media undertaking of Viacom18 will be merged into Star India Private Limited (“SIPL”) through a court-approved scheme of arrangement.

In addition, RIL has agreed to invest at closing Rs 11,500 crore (~US$ 1.4 billion) into the joint venture for its growth strategy.

 

[Aneesh Bal]

Disney-Star 77 Channels
Vaicom-18 41 channels
Total 118 channels

Biggest network

 

[Aksgr]

Star India private limited (SIPL)
Share holders(approx)

RIL - 57.04%
Bodhi tree - 6.12%
Disney - 36.84%

 

[Aneesh Bal]

Jio Cinema: Films and webseries
Hotstar: Sports and Tv programs

 

[Aneesh Bal]

Star India private limited (SIPL)
Share holders(approx)

RIL - 57.04%
Bodhi tree - 6.12%
Disney - 36.84%

No.
16.34% by RIL
46.82% by Viacom18
36.84% by Disney

 

[Divyam]

All assets will be merged???

 

[arhun]

Will they rebrand the channel names or apps to have a common brand name Ex: Jio Hotstar

 

[JollyLNB]

Sony to Zee after this announcement:

Punit Goenka:

Star and Viacom18:

 

[Aksgr]

No.
16.34% by RIL
46.82% by Viacom18
36.84% by Disney

Viacom18 also has shares in it so its inderect swap

 

[dino29]

Star India private limited (SIPL)
Share holders(approx)

RIL - 57.04%
Bodhi tree - 6.12%
Disney - 36.84%

Buddy this stake ownership is applicable for the new merged entity which is being formed by combining Viacom18 and Disney-Star assets and not linked to shareholding in Star India whichs alongwith Viacom18 shall not be a standalone company once merged entity begins to operate post getting requisite approvals (Disney-Star)