.2 minutes checked out Last Improved: Sep 28 2024|10:01 PM IST.On Saturday, the Department of Information and also Transmitting approved Dependence Industries Limited (RIL) commendation for the transmission of licenses for non-news as well as current affairs television networks. Because of this, the stations possessed by Viacom 18 Media Pvt Ltd will be transmitted to Superstar India Private Limited. This merger will proceed under the specifications stated due to the Competition Commission of India (CCI).This decision is part of a key shared endeavor in between Reliance Industries Ltd as well as Disney.
RIL discussed that the authorities’s commendation was actually offered with an order dated September 27, 2024, observing a news releases entitled “Dependence and also Disney Announce Strategic Joint Project to Unite the absolute most Compelling as well as Engaging Enjoyment Brands in India,” initially released on February 28, 2024..The CCI authorized the Rs 70,350-crore merger in between RIL and also Disney’s Indian media resources on August 28, 2024. The Mumbai bench of the National Provider Legislation Tribunal (NCLT) offered its own authorization for the Viacom18-Star India merger on August 30. Visit here to get in touch with us on WhatsApp.
The Reliance-Disney alliance will definitely take on Sony, Netflix, as well as Amazon.com, giving 120 TV stations and 2 streaming services.The merging is actually prepared for to become finalized in the last quarter of 2024 or even the very first quarter of 2025. First Posted: Sep 28 2024|9:50 PM IST.