.2 min reviewed Final Updated: Sep 28 2024|10:01 PM IST.On Saturday, the Administrative Agency of Relevant information and Transmitting provided Dependence Industries Limited (RIL) approval for the move of licenses for non-news as well as present events television stations. Consequently, the channels possessed by Viacom 18 Media Pvt Ltd will definitely be moved to Superstar India Private Limited. This merging will certainly move on under the provisions set forth by the Competition Earnings of India (CCI).This choice is part of a tactical joint project between Dependence Industries Ltd as well as Disney. RIL stated that the authorities's commendation was offered by means of a purchase old September 27, 2024, complying with a news releases titled "Reliance as well as Disney Announce Strategic Joint Project to Bring Together one of the most Compelling as well as Engaging Entertainment Brands in India," originally provided on February 28, 2024..The CCI permitted the Rs 70,350-crore merging between RIL and also Disney's Indian media properties on August 28, 2024. The Mumbai bench of the National Company Rule Tribunal (NCLT) gave its own clearance for the Viacom18-Star India merger on August 30. Click on this link to connect with our team on WhatsApp.
The Reliance-Disney collaboration will take on Sony, Netflix, and Amazon, giving 120 TV channels and 2 streaming services.The merger is prepared for to become settled in the last fourth of 2024 or the very first fourth of 2025.
Very First Posted: Sep 28 2024|9:50 PM IST.