.2 minutes reviewed Last Upgraded: Sep 28 2024|10:01 PM IST.On Sunday, the Ministry of Relevant information and also Transmitting granted Dependence Industries Limited (RIL) commendation for the move of licenses for non-news as well as existing events television channels. Therefore, the networks had by Viacom 18 Media Pvt Ltd will be actually transferred to Star India Private Limited. This merger will certainly go ahead under the provisions set forth due to the Competition Commission of India (CCI).This decision belongs to an important shared project in between Dependence Industries Ltd as well as Disney. RIL stated that the federal government's approval was provided through an order old September 27, 2024, adhering to a news releases labelled "Reliance as well as Disney Announce Strategic Joint Venture to Bring Together the Most Convincing as well as Engaging Entertainment Brands in India," actually provided on February 28, 2024..The CCI accepted the Rs 70,350-crore merger between RIL as well as Disney's Indian media resources on August 28, 2024. The Mumbai bench of the National Company Law Tribunal (NCLT) provided its approval for the Viacom18-Star India merging on August 30. Go here to connect with us on WhatsApp.
The Reliance-Disney collaboration will definitely compete with Sony, Netflix, and also Amazon, using 120 television stations as well as 2 streaming services.The merging is actually expected to become finalised in the final quarter of 2024 or the first fourth of 2025.
First Posted: Sep 28 2024|9:50 PM IST.