.2 min went through Last Updated: Sep 28 2024|10:01 PM IST.On Saturday, the Ministry of Details and also Transmitting gave Dependence Industries Limited (RIL) approval for the transactions of licenses for non-news and also present affairs TV stations. Therefore, the stations possessed through Viacom 18 Media Pvt Ltd will definitely be moved to Celebrity India Private Limited. This merging will definitely proceed under the requirements stated by the Competition Earnings of India (CCI).This decision is part of a tactical shared project between Reliance Industries Ltd as well as Disney.
RIL stated that the government’s approval was given with an order old September 27, 2024, observing a news releases titled “Dependence and also Disney Announce Strategic Joint Project to Bring Together the Most Convincing and Engaging Amusement Brands in India,” initially released on February 28, 2024..The CCI approved the Rs 70,350-crore merger between RIL and Disney’s Indian media possessions on August 28, 2024. The Mumbai bench of the National Provider Rule Tribunal (NCLT) gave its own clearance for the Viacom18-Star India merger on August 30. Click here to get in touch with us on WhatsApp.
The Reliance-Disney collaboration will take on Sony, Netflix, and Amazon, offering 120 TV channels and also two streaming companies.The merging is foreseed to be finalised in the final quarter of 2024 or even the first one-fourth of 2025. Initial Posted: Sep 28 2024|9:50 PM IST.