.2 minutes read through Last Updated: Sep 28 2024|10:01 PM IST.On Saturday, the Department of Details and also Broadcasting provided Dependence Industries Limited (RIL) approval for the transactions of licenses for non-news and also current undertakings television stations. Therefore, the stations possessed by Viacom 18 Media Pvt Ltd will definitely be transferred to Star India Private Limited. This merger will certainly continue under the requirements set forth by the Competition Commission of India (CCI).This choice belongs to an important joint venture in between Dependence Industries Ltd and also Disney. RIL mentioned that the authorities's commendation was actually given via a purchase outdated September 27, 2024, following a news releases entitled "Dependence and also Disney Announce Strategic Joint Project to Combine the best Powerful as well as Engaging Entertainment Brands in India," originally issued on February 28, 2024..The CCI approved the Rs 70,350-crore merger in between RIL as well as Disney's Indian media assets on August 28, 2024. The Mumbai bench of the National Business Regulation Tribunal (NCLT) gave its clearance for the Viacom18-Star India merging on August 30. Visit here to associate with our team on WhatsApp.
The Reliance-Disney partnership is going to take on Sony, Netflix, and Amazon, giving 120 TV channels as well as two streaming companies.The merging is foreseed to become finalized in the last fourth of 2024 or the initial fourth of 2025.
Very First Posted: Sep 28 2024|9:50 PM IST.