Walt Disney Co and Reliance Industries on Wednesday announced signing of binding pacts to merge their media operations in India to create a Rs 70,000 crore behemoth. Reliance and its affiliates will hold 63.16 per cent in the combined entity while Disney will hold the remaining 36.84 per cent, the companies said in a statement.
Analysts have given a thumbs up to the Reliance Industries (RIL) and Walt Disney Co. (Disney) proposed a joint venture (JV). The stock of the Mukesh Ambani-controlled company gained nearly 1.5 per cent on Thursday to Rs 2,952 levels as compared to the S&P BSE Sensex that traded marginally weak, down 0.2 per cent to 72,172 levels in intra-day trades.
Mukesh Ambani-owned Reliance Industries (RIL) is in discussions to acquire a 29.8 per cent stake in Tata Play from the Walt Disney Company, according to sources close to the development. This move is seen as part of RIL's broader strategy to deepen its footprint in India's television distribution sector. Tata Sons, the holding company of the Tata group, currently holds a 50.2 per cent stake in the satellite television broadcaster.
'The whole narrative will change from TV is dying to TV-plus-digital is the future.'
Disney had bought digital and streaming rights to show the ICC's tournaments in India
'I look forward to contributing to the next phase of cricket's evolution, expanding its global footprint, enhancing the fan experience, and working closely with ICC Member Boards to build on our strong foundations.'
Dreamy and fabulously theatrical, the fabric that once ruled ballerina closets is now sweeping down red carpets and finding its way into celebrity wardrobes with renewed drama.
If you were one of those waiting for the entire fourth season of Succession to drop so that you could binge-watch it over a weekend, you have missed the train.
Here's a hint: She's the National Crush of India :)
Reliance Industries has built four high-powered growth engines of retail, digital services, media and entertainment, and new energy to propel the conglomerate's next phase of expansion, Chairman Mukesh Ambani said. Parallelly, Reliance is reshaping itself into a new-age deep-tech enterprise, he said in a message to shareholders in the firm's latest annual report.
Disney Star is mulling legal actions against Zee Entertainment for backing out from a $1.4 billion sub-licensing agreement for TV broadcast of international cricket matches in India, according to industry sources. This could brew another legal trouble for Zee Entertainment Enterprises Ltd (ZEEL), which is already facing an arbitration plea by Sony Group at the Singapore International Arbitration Centre, claiming $90 million for breach of conditions of their merger agreement. Disney Star, an Indian subsidiary of media conglomerate The Walt Disney Company, is working on its strategy over the development, said industry sources.
With three key subscription drivers -- F1, IPL and HBO -- gone, can Disney+Hotstar depend only on its chart-topping originals like Criminal Justice and Rudra: Edge of Darkness to hit both scale and profitability?
It is Aditi Rao Hydari's turn to shine at Cannes.
'Advertising this season will help IPL surpass $550 million in ad revenues, across digital and pay TV.' 'It should still represent a steep loss against annualised 2023-2027 IPL rights fees of $1.2 billion.'
The state government has planned a formal felicitation ceremony at the iconic steps of the Vidhana Soudha.
Lakshmi Manchu, actress, producer and television presenter, will be among the contestants on Karan Johar's upcoming reality show, The Traitors.
Reliance Jio said certain tariff plans will continue to give subscribers free streaming access to IPL 2025.
The Reliance-Disney joint venture's new, rebranded streaming app JioHotstar will offer subscription plans starting at Rs 149.
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Over the years, many Bollywood beauties have weaved their magic on the Cannes red carpet by making dazzling appearances.
Akshay Kumar's patriotism, Rana Naidu's fury, Snow White's fair and lovely attitude... emotions run high on OTT this week.
Both sports and digital will drag down the healthy operating margins that entertainment television continues to make.
JioStar, the newly formed joint venture by the merger of Viacom18 and Star India, on Friday announced the launch of JioHotstar by bringing together JioCinema and Disney+ Hotstar streaming platforms. With close to 3 lakh hours of entertainment, live sports coverage, and more than 50 crore users, JioHotstar provides compelling subscription plans tailored to diverse audience needs, starting at Rs 149, the company said in a statement.
'Even if I had the backing of a big corporate house, which I don't, in today's market, I wouldn't want the responsibility of making a Rs 300 crore-Rs 400 crore film.'
Disney+ Hotstar reported its biggest decline in paid subscribers to date - a fall of 3.8 million subscribers, or 6 per cent of its total - in the October-December period. The drop in numbers came after two warnings by the company that Hotstar's paid subscriber base would shrink as it didn't have streaming rights for the Indian Premier League (IPL) for the 2023-27 media cycle. The IPL would start on April 1 this year and continue till May 28.
'This is a first-of-its-kind partnership in the Indian media & entertainment landscape, and this association with Disney Star reflects our sharp, strategic vision for the sports business India.'
Allu Arjun's biggest blockbuster, Satyajit Ray's story and Spidey's exciting new avatar, Sukanya Verma lists her recommendations on OTT this week.
'As you're watching the IPL live, there's a conscious effort to showcase the entertainment portfolio.'
Reliance-Disney skips bidding
Tennis icon Leander Paes and actress Kim Sharma appeared to have a ball at the Walt Disney theme park in Florida.
The subscriber count made JioHotstar one of the largest OTT platforms in the world.
Joining Junaid Khan, Ibrahim Ali Khan and Khushi Kapoor is Suchitra Krishnamoorthy and Shekhar Kapur's daughter, Kaveri, who will make her acting debut with the film Bobby Aur Rishi Ki Love Story.
Hotstar on Friday said it will offer the Asia Cup and ICC Men's Cricket World Cup tournaments at no cost to users.
With the acquisition of Hotstar, Disney gets immediate access to the OTT market.
Under the deal, reportedly worth more than $250 million, international matches and the domestic Big Bash League for men and women will be beamed to India "and other territories across Asia" from the 2023-24 season.
Chairman Arun Dhumal said they are considering expanding IPL to a full home-and-away format with 94 matches from 2028 onwards.
Shahid losing his memory, Nicole losing her mind, Mufasa holding on to both, only on OTT this week.
Lights, camera, ACTION, you'll find them in heaps on OTT this week. Sukanya Verma lists some interesting options.
Her fashion choices reflect a keen awareness of current trends, personal flair and a love for diverse styles.
Her fashion style is a mix of chic and playful -- often pairing modern silhouettes with bohemian flair.
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