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Reliance-Disney Merger: What’s Happening Behind The Scenes?

Inc42 · 9m ago

Reliance-Disney Merger: What’s Happening Behind The Scenes?

Indian conglomerate Reliance Industries Limited (RIL) is focusing on effectively merging two large organizations with different corporate cultures. The company is being cautious about content spending, particularly following significant investments in securing rights for premium cricket events and international content from HBO. Although the merged entity has a wide range of content, the main challenges lie in providing a seamless user experience and ensuring strong technological capabilities.

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JioCinema Partners ShareChat & Moj To Showcase Its Sports Content

Inc42 · 1y ago

JioCinema Partners ShareChat & Moj To Showcase Its Sports Content

Reliance-backed JioCinema has partnered with short-video social media platforms ShareChat and Moj to showcase its sports content, including Indian Premier League, Women’s Premier League, Indian Super League, and the 2024 Olympics. Through this partnership, ShareChat and Moj's combined user base of over 325 million will have access to JioCinema's sports content and behind-the-scenes stories. The move comes as JioCinema aims to expand its customer base and establish a stronger presence in the OTT market. The recently announced merger between Reliance and Disney is also expected to contribute to JioCinema's growth in the sports segment.

Reliance, Disney to merge India media assets to create $8.5 billion powerhouse

Reuters · 1y ago

Reliance, Disney to merge India media assets to create $8.5 billion powerhouse

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.

Reliance, Disney to merge India media assets to create $8.5 bn powerhouse

VCCircle

VCCircle · 1y ago

Reliance, Disney to merge India media assets to create $8.5 bn powerhouse

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.

Reliance-Disney Willing To Offload Channels To Get CCI Nod

Inc42 · 1y ago

Reliance-Disney Willing To Offload Channels To Get CCI Nod

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.

RIL's Viacom18 reshuffles top leadership ahead of Disney India merger

IndianStartupNews

IndianStartupNews · 1y ago

RIL's Viacom18 reshuffles top leadership ahead of Disney India merger

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.

Reliance Industries, Disney begin antitrust due diligence for India business merger

VCCircle

VCCircle · 1y ago

Reliance Industries, Disney begin antitrust due diligence for India business merger

Indian conglomerate Reliance Industries and entertainment giant Disney have initiated antitrust due diligence for their planned merger in the Indian media and entertainment industry. Reliance has appointed law firms Khaitan & Co and Shardul Amarchand Mangaldas, while Disney has enlisted the help of AZB & Partners. This move highlights progress towards the creation of an entertainment superpower in India, with Reliance expected to hold a majority stake in the combined entity. The possible merger is likely to face antitrust challenges, including shedding assets to address concerns over combined market power.

Disney Star faces potential $2 Bn downgrade by Reliance amid Zee-Sony fallout

Inc42 · 1y ago

Disney Star faces potential $2 Bn downgrade by Reliance amid Zee-Sony fallout

Disney Star's valuation may face a potential $2 billion hit following the failed merger between Sony and Zee Entertainment. Zee claims that the ICC TV contract with Disney Star was dependent on the successful completion of their merger with Sony. However, Disney Star disputes this claim. Reliance Industries is closely monitoring the situation as it could affect the value of Disney Star, particularly regarding the ICC TV deal. The fallout from Zee disputing a $1.5 billion sub-licensing deal for ICC has raised concerns about Reliance's downgrade of Disney Star.

Reliance-Disney $8.5 billion merger ahead: RIL wins I&B Ministry’s approval for transfer of channels | Mint

Livemint

Livemint · 11m ago

Reliance-Disney $8.5 billion merger ahead: RIL wins I&B Ministry’s approval for transfer of channels | Mint

Reliance Industries has received approval from India's Ministry of Information and Broadcasting for the transfer of channels ahead of its $8.5 billion merger with Disney. The approval is for the transfer of licenses related to non-news and current affairs TV channels, which will be transferred from Viacom 18 Media to Star India. The merger is subject to the conditions set by the Competition Commission of India, which approved the deal in August. Reliance Industries is set to control over 60% of the combined unit, with Disney owning 37%. The merger signals Reliance's dominance in the sector and its entry into digital streaming.

Disney, Reliance sign non-binding agreement for Indian media operations merger

Livemint

Livemint · 1y ago

Disney, Reliance sign non-binding agreement for Indian media operations merger

According to a report by ET, Walt Disney and Reliance Industries have agreed to merge their Indian media operations. The deal, which is expected to be completed by February 2024, will see Reliance Industries holding a 51% stake while Disney will have the remaining 49%. This merger will create one of India's largest entertainment empires, competing with other television and streaming giants.

CCI Intensifies Scrutiny Of Reliance-Disney Merger With Nearly 100 Questions

Inc42 · 1y ago

CCI Intensifies Scrutiny Of Reliance-Disney Merger With Nearly 100 Questions

Reliance Industries and Walt Disney have submitted a confidential statement to the antitrust body stating their merger will not negatively impact competition. The Competition Commission of India (CCI) has requested additional information regarding YouTube's classification in relation to subscription streaming services. In response, both Reliance and Disney have argued that YouTube provides licensed and paid content, and has a significant user base.

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