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News on Medial
Reliance-Disney merger: JioStar website goes live amid JioHotstar domain saga
Livemint
·
8m ago
Medial
A new website called Jiostar has been launched, leading to speculation that it could be the OTT platform resulting from the merger of Reliance and Hotstar. The website, 'jiostar.com', currently only displays a "coming soon" message without any further details. The launch comes after the owners of the JioHotstar domain offered it to Reliance for free. The siblings who owned the domain expressed their willingness to transfer it to Reliance, stating that it was a voluntary decision without any external pressure. The merger between Disney Star and Reliance Industries has been approved by regulators, marking a significant deal in India's media and entertainment industry.
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JioStar’s Chief Revenue Officer Ajit Varghese Quits
Inc42
·
8d ago
Medial
Ajit Varghese, chief revenue officer at Reliance-backed JioStar, has resigned. He is set to join Madison Media as group CEO, overseeing its outdoor advertising vertical, OOH. Mahesh Shetty, JioStar’s head of revenue and large customer base business, will replace Varghese as CRO. This change follows the completion of the Reliance-Disney merger and JioStar's formation in November 2024.
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Disney, Reliance plan London meeting for India media merger talks
Reuters
·
1y ago
Medial
Reliance Industries and Walt Disney are discussing plans for a potential merger of their India media businesses. The two companies are considering forming a joint venture, with Reliance holding a majority stake. Senior executives from both companies are expected to meet in London next week to discuss the details of the proposed merger. If the merger goes ahead, it would create one of India's largest entertainment companies, competing with the likes of Zee Entertainment, Sony, Netflix, and Amazon Prime.
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RIL's Viacom18 reshuffles top leadership ahead of Disney India merger
IndianStartupNews
·
1y ago
Medial
Mukesh Ambani's Reliance Industries and The Walt Disney Company are merging their media and entertainment assets in India, creating an $8.5 billion joint venture. The merger includes over 100 television channels, two digital streaming platforms, and exclusive rights to major sporting events and Disney productions. The reshuffling of leadership within Viacom18 has accompanied the merger, with plans to streamline operations. Reliance Industries, Viacom18, and Disney will hold significant stakes in the joint venture, which aims to solidify Reliance's position in the Indian market and adjust Disney's strategic approach amid intense competition. The merger may face regulatory scrutiny but could reshape the competitive landscape for OTT platforms in India.
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Another techie shares domain story about Reliance Jio, says: ‘It doesn’t always work that way…’
Livemint
·
9m ago
Medial
An app developer from Delhi recently bought the rights to the Jiohotstar domain and negotiated with Reliance and Viacom18 for funding his college tuition. Another techie, Amit Bhawani, has also shared a similar experience with Reliance regarding the Jio domain. Bhawani registered the domains http://reliancejio.com and http://riljio.com in 2012, before Jio was officially announced in 2015. He received a legal notice from Reliance in 2014, claiming he was holding their trademarked property. Bhawani eventually handed over the domains without any complications.
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Disney, Reliance sign binding pact to merge media operations in India: Report
Livemint
·
1y ago
Medial
Walt Disney and Reliance Industries have reportedly signed a binding agreement to merge their media operations in India. Under the deal, Reliance will own a 61% stake in the merged entity as Disney reassesses its strategy in the country amid intense competition. The distribution of shares may change based on the inclusion of Disney's additional local assets. Reliance Industries is also considering acquiring Tata Play, a broadcast service provider in which Disney holds a minority stake. The merger aims to create a powerful media giant in India's rapidly growing entertainment market.
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Reliance, Disney to merge India media assets to create $8.5 billion powerhouse
Reuters
·
1y ago
Medial
Reliance Industries and Walt Disney have announced a merger of their India TV and streaming media assets, creating an $8.5 billion entertainment company. Reliance will invest $1.4 billion in the merged entity, giving it a majority stake of over 63%, while Disney will hold about 37%. The merger aims to help Disney revive its struggling India streaming business and ease its financial strain. The combined entity will be led by Nita Ambani, wife of Reliance Chairman Mukesh Ambani, and former top Disney executive Uday Shankar as the vice chair.
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Reliance, Disney to merge India media assets to create $8.5 bn powerhouse
VCCircle
·
1y ago
Medial
India's Reliance Industries and Walt Disney have announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment giant. Reliance will inject $1.4 billion into the merged entity, with the company and its affiliates holding a 63% stake and Disney owning the rest. The merger will give Reliance significant bargaining power in negotiating advertising contracts, while providing Disney with a cash cushion. The combined entity will have 120 TV channels, two streaming platforms, and TV and streaming cricket rights for key tournaments.
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Jio launches Rs. 195 prepaid plan with free JioHotstar access for cricket fans: All benefits | Mint
Livemint
·
5m ago
Medial
Reliance Jio has launched a Rs. 195 prepaid plan targeting cricket fans, offering free JioHotstar access for 90 days. This plan is ideal for streaming live ICC Men’s Champions Trophy matches and includes 15GB of high-speed data. It requires an active base plan for activation. Jio subscribers gain complimentary ad-supported access to JioHotstar, typically priced at Rs. 149 monthly. For more data, a Rs. 949 plan offers 2GB of daily 5G data.
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Delhi developer squats on Jiohotstar.com and demands over Rs 1 crore, Jio says legal action coming soon
Internet
·
9m ago
Medial
A Delhi-based app developer purchased the domain JioHotstar.com, hoping to sell it to Reliance as part of the anticipated merger between Star India (Disney+ Hotstar) and Viacom18. He aims to use the funds from the sale to finance his studies at Cambridge University. Initially optimistic about Reliance’s interest, he was approached but rejected when he requested £93,345. Reliance is now pursuing legal action for trademark infringement, while the developer is appealing for reconsideration. He believes JioHotstar.com would be a fitting name for the merged entity, arguing it would preserve brand equity and aid the transition for current users. For him, this opportunity could be life-changing, aligning his ambitions with a major corporate merger.
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Reliance-Disney Willing To Offload Channels To Get CCI Nod
Inc42
·
12m ago
Medial
Reliance and Walt Disney are planning to sell fewer than 10 channels to address concerns raised by the Competition Commission of India (CCI) regarding their merger. The companies are arguing that no action is needed regarding cricket rights. The merger of Reliance and Walt Disney's Indian media assets will create a new entity with over 100 TV channels and two streaming platforms, Disney+ Hotstar and JioCinema, valued at $8.5 billion.
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