EU approves RIL-Disney merger
By Staff Writer in Media News on Monday, 04th November 2024 at 10:01pmThe European Union has approved the creation of Star India (SIPL), a collaboration between Reliance Industries, Walt Disney Company, and BTS Investment 1, according to BestMediaInfo. 
This approval is a crucial step towards finalising the deal that will merge the assets of Viacom18, StarPlus and JioCinema to create a robust entity of the two media giants, to compete against major players in the streaming sector.
The merged entity will possess over 100 television channels and two streaming platforms with over 750 million viewers across India.
Under the merger, Reliance Industries will hold a 63.16 per cent stake, and Disney will own 36.84 per cent.
Nita Ambani, chairperson of Reliance Foundation, will lead SIPL as its chairperson, while Uday Shankar, a former Disney executive...
To continue reading this article...
More Media News
Lizzies Winners 2026: Best Consumer Technology Media - Pickr
By Will McLennan in Media News on Thursday, 30th April 2026 at 2:07pm
Lizzie's Winners 2026: David Hellaby, Best Media Relations (B2B) - David Bass
By Will McLennan in Media News on Thursday, 30th April 2026 at 2:04pm
Confiance Communications secures strategic communications mandates for Libertario Coffee India
By Staff Writer in Media News on Thursday, 30th April 2026 at 1:47pm
Upfront: Petrol shock, rates looming, Antisemitism probe heats up, King’s Trump tightrope.
By Staff Writers in Media News on Thursday, 30th April 2026 at 7:49am
Media bodies engage with Mukunda Reddy on welfare and coordination
By Staff writer in Media News on Wednesday, 29th April 2026 at 8:23pm
Journalists demand crackdown on illegal networks in Tripura
By Staff Writer in Media News on Wednesday, 29th April 2026 at 7:01pm21-year-old journalism student jumps before train in Kerala, dies
By Staff Writer in Media News on Wednesday, 29th April 2026 at 6:57pmMedia news latest
Marcoms news latest