.2 min went through Last Updated: Sep 28 2024|10:01 PM IST.On Saturday, the Department of Details and Televison broadcasting approved Reliance Industries Limited (RIL) approval for the transfer of licenses for non-news and also current affairs television channels. Therefore, the stations had by Viacom 18 Media Pvt Ltd will definitely be actually moved to Superstar India Private Limited. This merging will continue under the requirements stated due to the Competition Commission of India (CCI).This choice is part of a key joint endeavor between Dependence Industries Ltd and also Disney. RIL stated that the authorities's approval was provided via an order outdated September 27, 2024, following a media release labelled "Reliance and also Disney Announce Strategic Junction Project to Bring Together the absolute most Compelling and also Engaging Entertainment Brands in India," initially released on February 28, 2024..The CCI authorized the Rs 70,350-crore merging between RIL as well as Disney's Indian media assets on August 28, 2024. The Mumbai bench of the National Firm Law Tribunal (NCLT) gave its authorization for the Viacom18-Star India merging on August 30. Visit this site to connect with our company on WhatsApp.
The Reliance-Disney alliance is going to take on Sony, Netflix, and also Amazon.com, supplying 120 TV networks and also pair of streaming services.The merging is anticipated to become finalised in the final fourth of 2024 or the 1st one-fourth of 2025.
1st Released: Sep 28 2024|9:50 PM IST.