.2 minutes read through Final Upgraded: Sep 28 2024|10:01 PM IST.On Saturday, the Administrative Agency of Information as well as Transmitting granted Reliance Industries Limited (RIL) approval for the move of licenses for non-news and also present affairs television channels. Therefore, the networks had through Viacom 18 Media Pvt Ltd will certainly be transferred to Star India Private Limited. This merger will continue under the terms set forth due to the Competitors Commission of India (CCI).This decision is part of a tactical joint project between Dependence Industries Ltd as well as Disney. RIL pointed out that the government's commendation was actually given through an order dated September 27, 2024, adhering to a news releases entitled "Dependence and also Disney Announce Strategic Junction Venture to Unite the Most Powerful and Engaging Enjoyment Brands in India," actually released on February 28, 2024..The CCI authorized the Rs 70,350-crore merger between RIL and Disney's Indian media assets on August 28, 2024. The Mumbai bench of the National Provider Legislation Tribunal (NCLT) gave its authorization for the Viacom18-Star India merger on August 30. Go here to connect with us on WhatsApp.
The Reliance-Disney alliance is going to take on Sony, Netflix, as well as Amazon.com, delivering 120 television networks and 2 streaming solutions.The merger is expected to become settled in the final one-fourth of 2024 or the initial fourth of 2025.
First Released: Sep 28 2024|9:50 PM IST.