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Renaissance Global is currently trading at Rs. 173.10, up by 6.10 points or 3.65% from its previous closing of Rs. 167.00 on the BSE. The scrip opened at Rs. 164.80 and has touched a high and low of Rs. 176.25 and Rs. 164.75 respectively. So far 29810 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 188.50 on 21-Oct-2024 and a 52 week low of Rs. 87.70 on 07-Aug-2024. Last one week high and low of the scrip stood ...
Renaissance Global surges on launching new fashion Jewellery brand ‘Renaei’
Walt Disney Co and Reliance Industries have won approval for an $8.5 billion merger of their Indian media assets subject to some modifications, India's antitrust watchdog said on Wednesday, after the deal sparked concerns over control of cricket broadcasts. Reliance-Disney aims to create India's biggest entertainment player to compete with Sony, Netflix and Amazon with 120 TV channels and two streaming services. The Competition Commission of India (CCI) sent a warning notice to ...
Disney, Reliance overcome cricket concerns to win approval for $8.5 billion India merger
The Indian antitrust body's opposition to a proposed $8.5 billion merger of the Indian media assets of Walt Disney and Reliance may force the companies to sell some lucrative cricket broadcast rights or commit to advertising price caps. Reuters reported earlier this week that the Competition Commission of India (CCI) has sent a warning notice to the companies expressing concern that the merged entity will effectively have a monopoly on cricket broadcast rights worth billions of dollars...
Analysis-To seal India merger, Disney-Reliance may need to dilute cricket dominance
Reliance Industries is currently trading at Rs. 2943.60, up by 34.60 points or 1.19% from its previous closing of Rs. 2909.00 on the BSE. The scrip opened at Rs. 2931.05 and has touched a high and low of Rs. 2958.00 and Rs. 2931.05 respectively. So far 48190 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2999.85 on 27-Feb-2024 and a 52 week low of Rs. 2,012.14 on 20-Mar-2023. Last one week high and low of the ...
Reliance Industries gains on signing binding agreement with Disney to form JV
The Reliance-Disney India merger has attracted Nita Ambani, wife of Reliance boss Mukesh Ambani, back into mainstream business as the new company's chair, where her experience in arts and sports, and ties with Bollywood could come in handy. Reliance and Disney said on Wednesday they would create a $8.5 billion TV and streaming juggernaut in India, setting the stage for fierce rivalry with likes of Japan's Sony, Netflix, and Amazon's Prime Video. Nita Ambani's appointment...
Reliance-Disney India merger draws Nita Ambani back to business spotlight
India's top conglomerate Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world's most populous nation. Reliance, led by Asia's richest man Mukesh Ambani, will inject $1.4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake, with Disney owning the rest, the companies said in a joint statement....
Reliance, Disney to merge India media assets to create $8.5 billion powerhouse
Former Walt Disney executive Uday Shankar will be named as vice chairman of the board following a merger between the India media assets of Reliance Industries and Disney, two sources familiar with the matter told Reuters. Reliance and Disney are expected to make a formal announcement on Wednesday after signing a binding pact. Shankar and Reliance did not immediately respond to a request for comment. Shankar currently sits on the board of Viacom18, the broadcast division of Reliance. ...
Uday Shankar to be vice chair of India`s merged Reliance-Disney media business
Walt Disney and industrial conglomerate Reliance Industries have signed a binding pact to merge their media operations in India, Bloomberg News reported on Sunday, citing people familiar with the matter. The media unit of Reliance, controlled by billionaire Mukesh Ambani, and its affiliates are expected to own at least 61% of the merged entity, with Disney holding the rest, the report said.
Disney, Reliance have signed binding media pact, Bloomberg reports citing sources
Director Ram Madhvani, who is receiving a lot of positive response to the new season of ‘Aarya’, has said that he strives to entertain the world audience, and that the show’s Emmy nod was a step in that direction. The International Emmy nominated series, which stars Sushmita Sen in the titular role, follows the journey of its titular character, who is an independent woman putting all her might to protect her family. She joins a mafia gang in order to get revenge for her h...
Ram Madhvani: I want to reach out to the world audience with my work
Indian oil-to-telecom conglomerate Reliance Industries is in talks to buy a 29.8% stake in subscription-based satellite TV and video streaming service provider Tata Play from Walt Disney, Business Standard newspaper reported on Thursday, citing sources close to the development. If the negotiations are successful, it would be the first collaboration between the Tata group and billionaire Mukesh Ambani's conglomerate, allowing Reliance to offer its complete JioCinema content into Tata Pl...
India`s Reliance Industries in talks to buy Tata Play stake from Disney - Business Standard
Entertainment giant Disney has said that it will invest $1.5 billion to acquire an equity stake in the 'Fortnite' maker Epic Games and work with the game developer to create a "games and entertainment universe". The universe will allow consumers to "play, watch, shop and engage with content, characters and stories from Disney, Pixar, Marvel, Star Wars, Avatar and more". "Our exciting new relationship with Epic Games will bring together Disney’s bel...
Disney to invest $1.5 bn in Epic Games to create games, entertainment universe
Billionaire Mukesh Ambani's Reliance is close to merging its India media business with Walt Disney with a 51%-54% stake, a deal that values the U.S. giant's Indian operations at just $3.5 billion, said three sources with direct knowledge. The valuation of Disney's India unit is sharply lower than the $15-$16 billion estimated when Disney acquired Fox in 2017. Its TV and streaming business in India has struggled over the years, with its digital platform especially facing a user ...
Reliance, Bodhi Tree set for 60% stake in Disney India merger
India's Zee Entertainment has told Walt Disney it does not intend to move forward with a deal to pay around $1.4 billion for cricket TV rights it acquired from the U.S. company, two people with direct knowledge of the matter said. Zee told Indian stock exchanges in August that it had signed a strategic licence agreement with Disney to take over certain International Cricket Council TV broadcast rights for four years, starting in 2024, while the U.S. company would retain streaming right...
India`s Zee quits $1.4 billion cricket rights deal with Disney
Walt Disney India unit is being valued at less than half of what it hoped for in a proposed merger with Indian billionaire Mukesh Ambani's media business, Bloomberg news reported on Thursday.
Disney`s India unit valuation halved in Ambani merger talks
Indian billionaire Mukesh Ambani's Reliance Industries and Walt Disney have appointed law firms and started antitrust due diligence of their planned Indian media and entertainment merger, four people familiar with the matter said. Reliance has appointed Indian law firm Khaitan & Co and Shardul Amarchand Mangaldas, while Disney has roped in AZB & Partners, the people said. The appointments are the latest sign of progress as Reliance and Disney, which each have a major s...
Reliance, Disney start antitrust diligence on India media merger -sources
Reliance Industries, India's most valuable company, and Walt Disney signed a non-binding term sheet to merge their Indian media operations, the Economic Times reported on Monday, citing sources it did not name. Under the merger Reliance would own 51% through a combination of shares and cash, with Disney holding the remaining 49%, giving more control to Indian billionaire Mukesh Ambani's Reliance group, the newspaper said. The deal is likely to be completed by February, with Reli...
Disney, Reliance sign non-binding agreement for India media operations merger - ET
Warner Bros. Discovery CEO David Zaslav met with Paramount Global CEO Bob Bakish in New York City to discuss a possible merger, the media reported. The combination would create a news and entertainment behemoth that would likely trigger further industry consolidation. Zaslav also has spoken to Shari Redstone, who owns Paramount's parent company, about a deal, Axios reported. WBD's market value was around $29 billion as of Wednesday, while Paramount's was just over $10 bil...
Warner Bros. Discovery in talks to merge with Paramount Global
A merger of Walt Disney's India business and Reliance's media unit Viacom18 would create an entertainment powerhouse in the world's most populous nation but is likely to face an intense antitrust review. Here's a breakdown of their assets: TELEVISION * Viacom18 has 38 television channels, including Comedy Central, Nickelodeon and MTV. * Disney Star, a household name in India, has about 80 channels and the brand is known for Hindi family dramas as well as Hollywood ...
Reliance and Disney`s streaming and TV assets in India
Reliance Industries, India's most valuable company, and Walt Disney Co are expected to sign an agreement as early as Monday to merge their Indian media operations in a cash-and-stock deal, Bloomberg News reported on Tuesday. JioCinema, run by billionaire Mukesh Ambani-controlled Reliance's broadcast venture Viacom18, has increased pressure on Disney India and other streaming platforms, with Ambani marketing the platform by offering free access to the Indian Premier League cricket t...
Disney, Reliance to sign off on India merger next week - Bloomberg News
Netflix, billionaire Mukesh Ambani's Viacom18 and other streaming companies plan to collectively lobby the Indian government to delay or revamp a broadcast bill they fear will be onerous for the sector, sources familiar with the matter said. India last month introduced the new draft law to regulate the broadcasting sector that will also apply to streaming giants. It proposes the formation of individual content evaluation committees with members from various social groups who will revie...
Netflix, Viacom18 among streaming firms set to oppose India broadcasting bill
The entertainment unit of India's Reliance has signed a deal with The Pokemon Company to show children's shows and movies on its platform, two people with knowledge of the deal said, its latest bid to boost content amid a domestic rivalry with the Walt Disney Co and other streaming services. The deal, signed this month, will make JioCinema's streaming app the "exclusive" India platform partner for more than 1,000 episodes and around 20 movies of the Japanese anime ser...
India`s Reliance JioCinema signs up Pokemon in kids entertainment push
Disney is nearing a deal to sell its India operations to Reliance Industries, the Mukesh Ambani-controlled conglomerate whose streaming platform's success has weighed on the U.S. company's business, Bloomberg News reported on Monday.Disney may sell a controlling stake in the Disney Star business, which it values at around $10 billion, rather than piecemeal transactions, Bloomberg reported, citing sources familiar with the matter.However Reliance values the assets at between $7 billion and $8 ...
Reliance nears deal to buy Disney`s India business
As the country is watching India-Pakistan World Cup Match on Saturday, Bollywood superstar Salman Khan spoke about Indian players, calling them competent, and said that he doesn?t think that pressure affects them.Captain Rohit Sharma won the toss and chose to bowl first against arch rival Pakistan in the highly-anticipated 2023 Men?s ODI World Cup at the Narendra Modi Stadium, Ahmedabad. In ODI World Cups, India have a 7-0 stronghold over Pakistan.Salman said: ?Our players are so competent; I...
Salman Khan cheers for Indian cricket team, says `Our players are so competent`
Blackstone is in discussions with Walt Disney for a stake in the India arm of the entertainment giant, two sources familiar with the matter told Reuters.
Blackstone in talks with Disney for stake in India arm
The hit streaming show ?Aarya?, which stars actress and former Miss Universe Sushmita Sen in the titular role of Aarya Sareen, is set to return with its third season on November 3.The International Emmy nominated show will explore the profound power of the titular character as shared by Sushmita.The story of the show revolves around Aarya Sareen, a caring mother and a loving wife, who is unaware of the illegal business her husband is a part of. Things go bad for their family after Aarya's hus...
Sushmita Sen says season 3 of `Aarya` will explore profound power of titular character
The Walt Disney Co. is holding preliminary discussions with potential buyers for its India streaming and television business, including with billionaires Gautam Adani and Kalanithi Maran, Bloomberg reported.The US entertainment giant?s senior executives have also gauged the interest of private equity funds considering the company is exploring a range of options, which could involve selling part of the Indian operations or a combination of the unit?s assets including sports rights and regional...
Disney in talks with Gautam Adani, Sun TV to sell India assets
Disney has held talks with Indian billionaires Gautam Adani and Sun TV Network owner Kalanithi Maran as well private equity firms to sell its streaming and television business in the country, Bloomberg News reported on Friday.Disney is exploring various possibilities, including selling some of its Indian operations or a mix of assets from the unit, the report said, citing people familiar with the matter.The discussions are in the very early stages and a deal may not necessarily materialize, B...
Disney in talks with Gautam Adani, Sun TV to sell India assets
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