00:00Reliance Industries, which is headed by Mukesh Ambani, is in good news.
00:08Finally, Reliance Industries and Walt Disney's Indian Media Asset Co. merger has been approved.
00:15Reliance Industries Ltd. and Disney deal has been approved by the CCI.
00:19Let's see in the video what will be the value of this joint venture, what will be the changes, who will benefit and who will lose.
00:27Under this deal, Viacom 18's media share will be shared with Star India Pvt. Ltd.
00:33The value of Reliance and Disney joint venture will be Rs 70,350 crore.
00:38Reliance Industries Ltd. i.e. RIL will invest Rs 11,500 crore in the joint venture.
00:4516.34% of the joint venture will be of Reliance Industries, 46.82% will be of Viacom 18, and 36.84% will be of Disney.
00:57In this regard, the company will be owned by Reliance Industries.
01:02On August 29, Reliance Industries will have its 47th Annual General Meeting, i.e. AGM, and the merger has been approved a day before that.
01:11In February 2024, Reliance Group's company Viacom 18 and Disney India's Indian unit Star India announced the merger.
01:20The target of this merger was to become India's largest TV and digital streaming platform.
01:25Reliance Industries Ltd. and Disney's deal can be completed by the end of this year.
01:30Star India will have a Viacom 18 merger.
01:33You should know that JV's chairperson will be Neeta Ambani and its vice-chairperson will be Uday Shankar.
01:39There will be 10 people on the board of the new company, of which 5 will be Reliance, 3 will be Disney, and 2 will be freelancers.
01:45Now let's know what are the benefits of the RIL and Disney deal.
01:49The first benefit will be that Jio Cinema will become the most subscribed platform.
01:54Second, it will become the biggest player in sports, writing, and broadcasting.
01:58Third, you will get the benefit of a fast-growing media sector.
02:02Apart from this, Jio Cinema and Hotstar will be available in a single app.
02:06Apart from this, Reliance and Disney will jointly compete with Sony, Netflix, and Amazon.
02:11This joint venture will be the biggest player in sports broadcasting.
02:15JV will have the highest number of OTT subscribers.
02:18At the same time, this venture will have 120 TV channels and 2 streaming services.
02:23In this way, this deal between RIL and Disney will be a very profitable deal for Reliance.
02:29Star India will have a Viacom 18 merger.
02:31There is hope that this deal will be completed by the end of this year.
02:34And RIL will also have JV's controlling rights.
02:38What do you think about this merger?
02:39Do tell us by commenting.
02:41If you are watching this video on Facebook, then like the Facebook page.
02:44If you are watching on YouTube and have not yet subscribed to GoodReturns' YouTube channel,
02:48then do subscribe.
Comments