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Nikhil Shirvankar
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Divestment/Closure of channels?
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Before new RIO published it should be completed.
Shark
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Currently JioStar operating 117+ channels and Zee on second place has just 50 channels. Expecting JioStar to stay around 70 channels.
Disney Star still exists and so does Viacom18 as subsiadiaries of Broadcast Assets of Reliance and Disney in India .... Jio Star would be name of merged entity which includes Reliance media assets (Viacom18, Jio Cinema) and those of Star India , all the broadcast operations will be carried under Star India Private Limited Brand Identity /Name in this merged entity
Buddy, I am not at all confused but stating facts .... U just need to understand what i stated.
Nikhil Shirvankar
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Every asset which is a part of the merger is transferred to Star India Pvt. Ltd. (SIPL) (The holding company), in which RIL, Viacom18 (Name still relevant due to an ongoing transaction between Paramount and TV18) and Disney are shareholders, Don't know what Disney owns out of SIPL, certainly no Star assets.
Bodhi Tree System's are shareholders in Viacom18 and not directly in SIPL.
Merger completion announcement document is quite clear stating what goes where:
yes , which is what i stated.
Disney-Star still exists and so does Viacom18 as different companies , these have together formed a Joint Venture and in that All the broadcast assets of Viacom18, Jio, Star India r included.....
Star India Private Limited is the name of the subsidiary company of Disney-Star under which Disney operated its channels in India and hence under the agreement it was decided to transfer all media assets of Viacom18, Jio to Star India Private Limited under which all the transactions will be undertaken in the new merged entity.... Hence u saw even TV Channels licence owner names of Viacom18 being changed and transferred to Star India Private and most likely same will happen for Disney Kids and Nat Geo channels soon.
Don't confuse JioStar with Disney-Star, former is JV company name and latter is subsidiary of Disney in India which operates the Broadcast Business and is part of JV which includes Reliance (Viacom18, Jio media assets)..... As far shareholding in the joint venture company is concerned, Disney owns nearly 37% while Reliance owns 56%, Star India Private Limited is not the JV name , it is just the subsidiary of the JV under which media operations,transactions will be done
Rajpatil98
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Current merged entity is jointly owned by Disney and RIL, both holding significant stakes along with Bothi Tree, which owns approximately 7% of the shares.
Disney also holds equal ownership in Viacom18 channels and JioCinema as RIL and the same applies to Star channels & Hotstar with a 36:64 ownership ratio (including Bothi Tree’s 7% in the 64%).
Disney Star has already been dissolved and rebranded as JioStar (SIPL). Under this structure, JioStar has absorbed Viacom18 making Viacom18 a subsidiary of JioStar. While the Viacom18 brand name is still in use, its likely to be phased out soon as it now operates under JioStar (formerly DisneyStar).
Currently RIL also has ownership of Disney channels as they fall under Disney Star. If Disney decides to exit India in the future, the outcome remains uncertain, although such a move seems unlikely.
5 year content sharing deal is in place which primarily covers Marvel properties, Disney+ originals and Disney+ exclusives (including tv shows & movies from various countries + anime). However this contract does not appear to include the ownership of Disney channels.
As for many saying about Disney exiting India imo idia offers immense potential in both linear tv and streaming markets. While profits may not be substantial for global companies right now compared to their international operations, india's huge population ensures a promising future. If Disney maintains a long term vision and is willing to be patient, retaining its 36% stake in JioStar/SIPL is a smart move.
Once the Indian market booms, potentially in the next decade, any company that exits now will miss significant opportunities. By then, the market is likely to be dominated by established players who have been operating in India for decades. Disney should avoid such a setback by staying invested for the long haul.
Disney also holds equal ownership in Viacom18 channels and JioCinema as RIL and the same applies to Star channels & Hotstar with a 36:64 ownership ratio (including Bothi Tree’s 7% in the 64%).
Disney Star has already been dissolved and rebranded as JioStar (SIPL). Under this structure, JioStar has absorbed Viacom18 making Viacom18 a subsidiary of JioStar. While the Viacom18 brand name is still in use, its likely to be phased out soon as it now operates under JioStar (formerly DisneyStar).
Currently RIL also has ownership of Disney channels as they fall under Disney Star. If Disney decides to exit India in the future, the outcome remains uncertain, although such a move seems unlikely.
5 year content sharing deal is in place which primarily covers Marvel properties, Disney+ originals and Disney+ exclusives (including tv shows & movies from various countries + anime). However this contract does not appear to include the ownership of Disney channels.
As for many saying about Disney exiting India imo idia offers immense potential in both linear tv and streaming markets. While profits may not be substantial for global companies right now compared to their international operations, india's huge population ensures a promising future. If Disney maintains a long term vision and is willing to be patient, retaining its 36% stake in JioStar/SIPL is a smart move.
Once the Indian market booms, potentially in the next decade, any company that exits now will miss significant opportunities. By then, the market is likely to be dominated by established players who have been operating in India for decades. Disney should avoid such a setback by staying invested for the long haul.
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Ashok Varma
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Just small correction for above, After merger BTS have 7% in SIPL
Disney Star has not been dissolved.... Jio Star is the JV company name and nkt the new name of Disney Star and Star India Private Limited is the subsidiary company of JV under which media assets will be operated.... Viacom18 and Disney-Star still exist but its media assets r part of Joint Venture wherein Disney owns 37% and RIL owns 56 % rest stake is held by Bodhi Tree...... Please don't confuse and mix all these things
Disney content will be made available for Jio Cinema is what the agreement terms state and as far as ownership is concerned all Disney-Star and Viacom18 TV + OTT assets r now co-owned by Disney and Reliance as these r part of the Joint Venture
Going by that logic then Warner Bros Discovery would have exited long back considering not only their channel portfolio/presence is very small in India but they have been facing financial issues too which seem lot bigger than Disney....also when Discovery and Warner Bros (AT&T owned or earlier Time Warner owned) operated individually, they had even smaller presence + revenue in India but they never exited bcoz India as a market is crucial and offers growth prospects.... Everything is not looked as from prism of Rupee to Dollar Conversion and the India Revenue Share vs what company earns globally from other regions..... Having presence in India beings great prestige and value to any foreign media company..... Also i bought Warner Bros Discovery for drawing a comparison so i would also like to highlight here too Warner Bros (Warner Media) and Discovery Network still continue to be separate companies and have formed a Joint Venture called Warner Bros Discovery similar to how Disney and Reliance still have Disney Star and Viacom18/Jio as their separate companies but have formed a Joint Venture which may be called JioStar and includes media assets of Star India, Jio and Viacom18 ....Star India Private Limited is subsidiary company of this JV under which broadcast business will be operated and transactions will be done
They will try to stay hence only did not decide to exit right now...JV helps scale up business growth in a media landcape wherein more investments r needed across different fronts and for any company to do so is a big challenge / difficulty so worldover mergers/acquisitions r happening in broadcast industry