Post strategic sale, Disney will have a representative on the UTV board.
Having established its licensing business for a decade, it is tapping real estate to build on its themes.
Leading integrated media and entertainment company UTV Software Communications Ltd has decided to divest its entire stake in United Home Entertainment Ltd to the Walt Disney Company
Billionaire Mukesh Ambani-led Reliance Industries has completed the merger of its media assets with the India business of global media house Walt Disney and formed a joint venture with a valuation of over Rs 70,000 crore. The JV will be one of the largest media and entertainment companies in India with a combined revenue of approximately Rs 26,000 crore and will be led by Nita Ambani as its chairperson, according to a joint statement.
'The whole narrative will change from TV is dying to TV-plus-digital is the future.'
The CCI has asked the companies to explain within 30 days why an investigation should not be ordered.
Walt Disney Company is keen to capitalise on the subcontinents' burgeoning mobile space to reach new audiences.
Using Facebook video or YouTube for content distribution is not new.
The move will catapult Disney as the country's largest media and entertainment broadcaster, with over $1.3 billion of additional India revenue.
Oscar nominations 2014: According to Raja Sen, this year's chosen ones are (mostly) loud and showy examples of the best in the craft.
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On the occasion of Chinese New Year, we bring you a look at what 2015, the Year of the Sheep has in store for you!
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