Breaking Disney Star and Viacom18 signs non binding merger agreement

[Aksgr]

Mega merger is now official as Disneys star india and Reliance co owned Viacom18 will merge their media assets and film studios.

Mukesh Ambani's Reliance-Disney Star sign new deal, mega-merger to be finalised by February 2024

Mukesh Ambani's Reliance and entertainment giant Disney Star has signed a non-binding agreement, taking one step forward to the mega-merger.

www.hindustantimes.com

 

[somnath chakraborty]

When you lost indian home bi lateral rights then no option left without merger

 

[Raju lal]

Can anybody explain what is 'step down subsidiary'?

 

[Ashok Varma]

Can we watch IPL17 from March 2024 on Hotstar?

 

[Shubh_1733]

Can anybody explain what is 'step down subsidiary'?

 

[Aksgr]

Can anybody explain what is 'step down subsidiary'?

Viacom18 is subsidiary of Network18 (post Tv18 merge)
New disney viacom company will be subsidiary of viacom 18 and not disney.
So subsidary of another subsidary company will be called step down subsidiary

 

[Deep Mody]

The development comes even as the fate of the $10 billion merger between Zee Entertainment Enterprises and Sony Group Corp.’s local unit, the biggest in India media amalgamation announced till date - hangs in balance even after two years.

Reliance, Disney ink non-binding agreement for mega merger

Kevin Mayer, a former Disney executive brought back in July by chief executive Bob Iger as an adviser to help him navigate the companys legacy television business and the ESPN sports network and Manoj Modi, a close confidante of Ambani, were among those present in the meeting. Both have been...

economictimes.indiatimes.com

 

[Zeta Reticuli]

So finally merger happening,
Then Star sports-Sports18 under one umbrella,
No need to launch Sports18 regional channels.

 

[Kuldeep Simar]

 

[Akki007]

Walt Disney and Reliance Industries plan to merge their Indian media operations, with RIL holding 51% and Disney 49% in a proposed deal