Breaking Disney Star and Viacom18 signs non binding merger agreement

[StoriesWithPK]

They wants to counter Netflix game plan/WWE streaming

No. They formed this cartel to fight tech companies like Amazon and Apple.

 

[Ashok Varma]

No. They formed this cartel to fight tech companies like Amazon and Apple.

This cartel cant fight this big tech companies in multiple businesses, Now Netflix can churn sports streaming from these companies in future.

 

[StoriesWithPK]

This cartel cant fight this big tech companies in multiple businesses, Now Netflix can churn sports streaming from these companies in future.

Agree.

Nobody can beat Tech but Netflix is a different ball game. Legacy companies could beat Netflix if they play their cards right.

 

[StoriesWithPK]

Disney's India sports business records $315 million loss due to 2023 WC

The Walt Disney Company's India unit reported a 144% increase in operating loss for its sports business due to the ICC Men's Cricket World Cup in December 2023. However, Disney's overall operating profit surged 27% in Q1 FY24.

m.economictimes.com

 

[alec]

Revenue is $399 million

Disney's India sports business records $315 million loss due to 2023 WC

The Walt Disney Company's India unit reported a 144% increase in operating loss for its sports business due to the ICC Men's Cricket World Cup in December 2023. However, Disney's overall operating profit surged 27% in Q1 FY24.

m.economictimes.com

 

[praks001]

Revenue is $399 million

Then what made them quote such exhorbitant prices for the upcoming ICC Media rights cycle?

 

[Ashok Varma]

Then what made them quote such exhorbitant prices for the upcoming ICC Media rights cycle?

2 wrong steps made by Disney Star deteriorate its valuation from 10B USD TO 4B USD ie ICC rights@3B USD & IPL tv rights@3B USD

 

[StoriesWithPK]

Disney's India sports business records $315 million loss due to 2023 WC

The Walt Disney Company's India unit reported a 144% increase in operating loss for its sports business due to the ICC Men's Cricket World Cup in December 2023. However, Disney's overall operating profit surged 27% in Q1 FY24.

m.economictimes.com

According to sources familiar with the matter, Star India had allocated 40% of the $1.8-2 billion payout to the International Cricket Council (ICC) for the final year of its eight-year media rights deal, which expired in 2023.

Of the 40% allocated to the final year of the rights cycle, 80% was for linear TV rights, and the remaining 20% for digital rights.

Disney Star knew they overpaid the previous cycle and knowingly bought IPL TV rights and ICC rights. And still some shamelessly support this useless management.

 

[Ashok Varma]

Deal to be done by Feb 17

Disney, Reliance merger discussions reach last lap as Feb 17 exclusivity deadline draws near

RIL Group to hold direct stake as well, invest up to $1.5 bn cash; new merged co to be arm of Viacom 18. Reliance executives are also working on a three-year capital allocation programme for all businesses to be presented shortly to the board. The proposal, as of now, is to create a step-down...

m.economictimes.com

 

[Aksgr]

So this IPL will be happy IPL