CosmicTaco

CCI Approves Reliance-Disney Merger in $8.5 Billion Deal

CosmicTaco · 2024-08-29T11:31:34.179967+05:30

- CCI greenlights Reliance-Disney merger valued at Rs 70,350 crore, subject to voluntary modifications - RIL to hold 16.34%, Viacom18 46.82%, and Disney 36.84% in the new entity - Joint venture to create media powerhouse with 120 TV channels and two streaming platforms - Combined content library to exceed 200,000 hours of TV dramas, movies, and sports events - Merger expected to finalize between Q4 2024 and Q1 2025, rivaling Sony, Netflix, and Amazon in India Source: [The Arc](https://thearcweb.com/article/cci-reliance-disney-hotstar-viacom18-star-J5g3JT4Raaq9AvpJ)

CCI greenlights Reliance-Disney merger valued at Rs 70,350 crore, subject to voluntary modifications
RIL to hold 16.34%, Viacom18 46.82%, and Disney 36.84% in the new entity
Joint venture to create media powerhouse with 120 TV channels and two streaming platforms
Combined content library to exceed 200,000 hours of TV dramas, movies, and sports events
Merger expected to finalize between Q4 2024 and Q1 2025, rivaling Sony, Netflix, and Amazon in India

Source: The Arc

11mo ago