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The curious case of Disney’s 30% stake in Tata Play

Livemint

Livemint · 1y ago

The curious case of Disney’s 30% stake in Tata Play

Disney's attempt to sell its stake in Indian DTH provider Tata Play has hit a roadblock as the Tata Group has refused to buy. Disney inherited the 30% stake as part of its acquisition of 21st Century Fox assets. The company has been seeking an exit from the distribution business, but so far no one has shown interest in buying the stake. The stake in Tata Play is separate from the proposed merger between Disney's local business and Reliance Industries-owned Viacom18. Disney had hoped to exit Tata Play through an IPO, but the valuation of the company has dropped to $1bn from $3bn in 2019.

Related News

Tata Group Mulls Acquisition Of Disney’s Stake In Tata Play

Inc42 · 1y ago

Tata Group Mulls Acquisition Of Disney’s Stake In Tata Play

Tata Group is reportedly in discussions to acquire Walt Disney Co.'s stake in Tata Play, aiming for complete ownership of the direct-to-home (DTH) player. The potential deal could value Tata Play at $1 billion or higher. Tata Play, formerly known as Tata Sky, was launched in 2004 as a joint venture between Tata Sons and Network Digital Distribution Services. After Disney acquired 21st Century Fox, it became a stakeholder in Tata Play. This move follows Reliance Industries, Viacom 18, and Disney signing agreements to establish a joint venture in India's media and entertainment industry.

Tata Sons' move to buy Temasek stake in Tata Play gets regulatory clearance

VCCircle

VCCircle · 5m ago

Tata Sons' move to buy Temasek stake in Tata Play gets regulatory clearance

Tata Sons received regulatory clearance to acquire a 10% stake in Tata Play from Temasek Holdings, increasing its stake to 70%. The remaining 30% is owned by Walt Disney. Tata Play is close to merging with Airtel Digital TV to create a $1.6 billion entity, adapting to the shift towards digital streaming. Together, they had over 35 million paid subscribers as of September, a significant portion of India's DTH market.

Tata Play net loss narrows to ₹35.38 crore in FY24 as it beefs up streaming business | Mint

Livemint

Livemint · 1y ago

Tata Play net loss narrows to ₹35.38 crore in FY24 as it beefs up streaming business | Mint

Tata Play, previously called Tata Sky, reported a reduced consolidated loss of INR 35.38 crore ($4.8 million) in FY24 compared to INR 105.25 crore the previous year. Revenue from operations decreased by 4.32% to INR 4,327.07 crore. The DTH platform cited intensified competition within the industry and the implementation of New Tariff Order 3.0 as key challenges. Tata Play is focusing on expanding its OTT offerings and has collaborated with Amazon Prime, as well as joined forces with Akash Digital TV to launch an OTT service in Bangladesh. Meanwhile, parent company Walt Disney Co. is struggling to sell its 30% stake in Tata Play.

Disney to sell 30% Tata Play stake to Tata Group; transaction valued at $1 bn

Livemint

Livemint · 1y ago

Disney to sell 30% Tata Play stake to Tata Group; transaction valued at $1 bn

Walt Disney has sold its minority stake in Tata Play, a subscription television broadcaster, to the Tata Group. The deal values Tata Play at approximately $1 billion. This move comes after Tata Group bought the 29.8% stake from Disney, giving them full control of the platform. Tata Play provides pay television and OTT video streaming services and has 23 million connections across India. The Tata Group views Tata Play as a crucial consumer-facing business in the media and entertainment sector. The company had filed for an IPO in 2022 but has yet to go public.

Bharti Airtel In Talks To Acquire Tata Play To Push For Digital TV Offerings

Inc42 · 10m ago

Bharti Airtel In Talks To Acquire Tata Play To Push For Digital TV Offerings

- Airtel's acquisition of Tata Play aims to strengthen its presence in the digital TV segment. - The acquisition will enhance Airtel's bundled offerings and potentially boost non-mobile revenues. - Tata Sons currently holds a 70% stake in Tata Play after acquiring Temasek Holdings Pte's 10% stake in April. - The valuation for Airtel's acquisition of Tata Play is expected to be similar to the previous Temasek deal. - The acquisition will help Airtel in achieving convergence and expanding its market reach.

RIL eyes stake in Tata Play; Warburg, Bain compete for Shriram Housing

VCCircle

VCCircle · 1y ago

RIL eyes stake in Tata Play; Warburg, Bain compete for Shriram Housing

Reliance Industries (RIL) is reportedly in discussions to acquire a 29.8% stake in Tata Play from the Walt Disney Company. This potential deal would mark a significant joint venture between two major Indian conglomerates. The value of Disney's stake in Tata Play is currently being assessed by bankers. In other news, Warburg and Bain are said to be competing for Shriram Housing.

Tata, Bharti groups finalising merger of DTH businesses Tata Play, Airtel Digital TV: Report

Business Today

Business Today · 6m ago

Tata, Bharti groups finalising merger of DTH businesses Tata Play, Airtel Digital TV: Report

Tata and Bharti groups are finalizing a merger of their DTH businesses, Tata Play and Airtel Digital TV. Post-merger, Airtel could hold a 52-55% stake, while Tata Play shareholders, including Walt Disney, will retain 45-48%. This comes as audiences increasingly shift from DTH to digital platforms.

India's Tata Group considering to buy Disney's stake in Tata Play: Report

IndianStartupNews

IndianStartupNews · 1y ago

India's Tata Group considering to buy Disney's stake in Tata Play: Report

Tata Group is reportedly in talks to acquire Walt Disney Co.'s minority stake in Tata Play Ltd., a direct-to-home service provider. The deal, which could value Tata Play at over $1 billion, would give Tata Group full control over the company and mark a significant shift in the media landscape. This move comes amidst a broader realignment in India's media industry, including Disney's merger with Viacom 18 Media, creating a massive entertainment conglomerate worth $8.5 billion. The potential acquisition by Tata Group could reshape the competitive landscape, particularly in the OTT market.

India's Tata Group in talks with Temasek to buy back a stake in Tata Play

Reuters · 1y ago

India's Tata Group in talks with Temasek to buy back a stake in Tata Play

India's Tata Group is reportedly in advanced talks with Temasek Holdings to repurchase a stake in its entertainment content distribution platform, Tata Play, at a valuation exceeding $1 billion. The discussions are said to be in the final stages, with Tata Group seeking to acquire a 20% interest. Neither company has provided immediate comments on the matter.

RIL may pay $2.3 bn for 60% stake in Disney India assets

Livemint

Livemint · 1y ago

RIL may pay $2.3 bn for 60% stake in Disney India assets

Reliance Industries Ltd (RIL) is set to acquire a 60% stake in Disney Star's linear TV and digital businesses in India for $2.28-2.4 billion, valuing them at $3.8-4 billion. The deal involves the transfer of Indian TV and digital assets to a new company, in which RIL will buy the majority stake. The transaction excludes Disney Star's stake in Tata Play, consumer products business, and ILM. The plan includes merging Viacom18, in which Reliance owns a majority stake, with the new Disney Star entity. The deal is expected to be announced soon.

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