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Reliance, Walt Disney close $8.5 billion merger of Indian media assets  Reliance Industries and Walt Disney on Thursday completed the $8.5 billion merger of their Indian media assets, which have been split into three divisions, with each unit having its own CEO. The companies said the newly formed divisions are entertainment, which houses Reliance's Colours TV channels and Disney's Star; digital, home to online streaming platforms JioCinema and Hotstar, and sports. Former Google executive Kiran Mani, who leads JioCinema, will take charge of th...
Reliance, Walt Disney close $8.5 billion merger of Indian media assets
Reliance, Walt Disney close $8.5 billion merger of Indian media assets
Source: Reuters
2024-11-15 09:30:47 am
Disney, Reliance overcome cricket concerns to win approval for $8.5 billion India merger 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
Disney, Reliance overcome cricket concerns to win approval for $8.5 billion India merger
Source: Reuters
2024-08-28 05:40:09 pm
Analysis-To seal India merger, Disney-Reliance may need to dilute cricket dominance 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
Analysis-To seal India merger, Disney-Reliance may need to dilute cricket dominance
Source: Reuters
2024-08-22 03:48:27 pm
This is best time to invest in India for entrepreneurs worldwide: Zoho`s Sridhar Vembu Sridhar Vembu, Founder and CEO of leading cloud software provider Zoho, said on Monday that this is the best time to invest in India for young entrepreneurs from all across the world. The sense of optimism is real and India is the most dynamic large economy in the world, "poised for decades of solid growth", Vembu posted on X (formerly Twitter). “I have been speaking at industry bodies, large company meets, colleges and various other forums in many parts of India,”...
This is best time to invest in India for entrepreneurs worldwide: Zoho`s Sridhar Vembu
This is best time to invest in India for entrepreneurs worldwide: Zoho`s Sridhar Vembu
Source: IANS
2024-04-01 10:37:31 am
Can LinkedIn be a gaming platform? Company thinks so As mainstream internet and streaming platforms like Netflix embrace gaming, Microsoft-owned professional networking company LinkedIn is also reportedly planning to foray into the booming market. LinkedIn, which now has more 1 billion users, is working on new games experience, reports TechCrunch. Three early efforts are games called “Queens”, “Inference” and “Crossclimb.” A company spokesperson confirmed they are working on gaming, but there is no o...
Can LinkedIn be a gaming platform? Company thinks so
Can LinkedIn be a gaming platform? Company thinks so
Source: IANS
2024-03-17 10:05:08 am
Reliance-Disney India merger draws Nita Ambani back to business spotlight 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
Reliance-Disney India merger draws Nita Ambani back to business spotlight
Source: Reuters
2024-02-29 09:40:30 am
Netflix co-founder Reed Hastings donates $1.1 bn shares to charity Netflix Co-founder and CEO Reed Hastings has donated $1.1 billion of his company shares to charity. Hastings donated two million shares to the charity known as the Silicon Valley Community Foundation, reports The Wall Street Journal. The charity is popular with tech founders with over $10 billion in assets at the close of 2022. Donors see an immediate tax benefit (like avoiding payment of capital-gains tax) but funds can ultimately “sit for years” before being distributed, a...
Netflix co-founder Reed Hastings donates $1.1 bn shares to charity
Netflix co-founder Reed Hastings donates $1.1 bn shares to charity
Source: IANS
2024-01-30 06:25:34 pm
Michelle Yeoh not ready for her new grandson to see her as a witch in `Wicked` Acclaimed actress Michelle Yeoh doesn’t want her newborn grandchild to see 'Wicked'. On the red carpet at the Los Angeles premiere of her Netflix series 'The Brothers Sun', she asked Yeoh what film of hers she would want her grandson, Maxime, to see first. Yeoh mused for a while, bringing up her upcoming project, Jon M. Chu’s 'Wicked', in which she plays school headmistress Madame Morrible, before ultimately deciding against it, reports Variety. &l...
Michelle Yeoh not ready for her new grandson to see her as a witch in `Wicked`
Michelle Yeoh not ready for her new grandson to see her as a witch in `Wicked`
Source: IANS
2024-01-06 11:49:02 am
Warner Bros. Discovery in talks to merge with Paramount Global 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
Warner Bros. Discovery in talks to merge with Paramount Global
Source: IANS
2023-12-21 02:56:42 pm
Netflix, Viacom18 among streaming firms set to oppose India broadcasting bill 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
Netflix, Viacom18 among streaming firms set to oppose India broadcasting bill
Source: Reuters
2023-12-02 09:34:32 am
India`s Reliance JioCinema signs up Pokemon in kids entertainment push 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
India`s Reliance JioCinema signs up Pokemon in kids entertainment push
Source: Reuters
2023-11-16 09:57:25 am
Netflix raises prices and adds subscribers, despite strikes Netflix increased subscription prices for some streaming plans in the United States, Britain and France on Wednesday as it shattered expectations for new customers, sending its shares surging 13%.Almost 9 million subscribers joined Netflix around the globe in the third quarter, surpassing Wall Street analysts' forecast for 6 million, according to LSEG. Netflix said it expected a similar number of additions in the current quarter.The strong performance showed Netflix was thriving despite Holly...
Netflix raises prices and adds subscribers, despite strikes
Netflix raises prices and adds subscribers, despite strikes
Source: IANS
2023-10-19 11:35:46 am
Asia stocks rise on earnings hopes; keep wary eye on Mideast tensions Asian stocks rose in cautious trade on Tuesday, with investors choosing to focus on corporate earnings prospects and the resilience of the U.S. economy ahead of tensions in the Middle East.MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.4%. Tokyo's Nikkei rose 1%.Overnight the S&P 500 had climbed 1%, while oil prices and the U.S. dollar had fallen.A host of "favorable" signs from the strength of the U.S. consumer, economic growth, and interest rates supporting bank p...
Asia stocks rise on earnings hopes; keep wary eye on Mideast tensions
Asia stocks rise on earnings hopes; keep wary eye on Mideast tensions
Source: Reuters
2023-10-17 09:14:54 am