.2 minutes checked out Last Upgraded: Sep 28 2024|10:01 PM IST.On Saturday, the Department of Details and Televison broadcasting approved Dependence Industries Limited (RIL) approval for the transmission of licenses for non-news and also present events TV stations. Therefore, the stations owned by Viacom 18 Media Pvt Ltd will definitely be transmitted to Celebrity India Private Limited. This merging is going to move on under the stipulations stated due to the Competitors Earnings of India (CCI).This decision becomes part of a critical joint endeavor between Reliance Industries Ltd as well as Disney. RIL pointed out that the government's approval was actually given by means of a purchase old September 27, 2024, complying with a news releases labelled "Dependence and Disney Announce Strategic Joint Endeavor to Unite one of the most Convincing as well as Engaging Home Entertainment Brands in India," actually provided on February 28, 2024..The CCI accepted the Rs 70,350-crore merging between RIL as well as Disney's Indian media properties on August 28, 2024. The Mumbai bench of the National Company Regulation Tribunal (NCLT) gave its own clearance for the Viacom18-Star India merger on August 30. Click on this link to connect with us on WhatsApp.
The Reliance-Disney collaboration is going to compete with Sony, Netflix, and also Amazon.com, giving 120 TV stations and also pair of streaming solutions.The merger is expected to become settled in the final fourth of 2024 or the first quarter of 2025.
First Released: Sep 28 2024|9:50 PM IST.