The CEOs have been discussing a collaboration for some time, according to two people with knowledge of the situation.
The CCI has asked the companies to explain within 30 days why an investigation should not be ordered.
Much of the discussion is happening at a "family level, not a corporate level". That means it is an Ambani or a Goenka in direct talks with Johar.
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, allowing it to squeeze advertisers.
'...but the incredible person you were.' 'I am deeply thankful for having known you, for the love and the challenges we shared.' On Parveen Babi's 70th birth anniversary on April 4, Mahesh Bhatt pays tribute to the woman who held a special place in his life.
Hotstar on Friday said it will offer the Asia Cup and ICC Men's Cricket World Cup tournaments at no cost to users.
Tennis icon Leander Paes and actress Kim Sharma appeared to have a ball at the Walt Disney theme park in Florida.
The venture, they said, would focus on technology and media opportunities in emerging markets. Industry sources said the focus would be on digital media, with India being the big driver.
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.
Rediff.com looks at some surprising facts about Mickey Mouse on his 87th birthday.
Assume Voot, JioCinema and Disney+ Hotstar are merged into one entertainment app, and you have a streaming service with more than 233 million unique visitors. That is a reach just under half of India's largest streaming app: YouTube. 'This level of consolidation does not exist even in the US.'
Take a look at some of the most stunning structures made in steel!
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.
Culver Max Entertainment, formerly known as Sony Pictures Networks India (SPNI), has terminated merger agreements with Zee Entertainment, which could have otherwise created a USD 10 billion media enterprise in the country.
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.
According to Andy Bird, chairman of Walt Disney International, theme park investment requires massive support infrastructure such as airports, power supply and roads, still not available in India.
Walt Disney Company has unveiled a revamped Disneyland California Adventure Park spending a whopping $1.1 billion.
The proposed transaction has been approved by the boards of both companies.
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.
The Securities and Exchange Board of India has approved The Walt Disney Company's deal to increase stake in Ronnie Screwvala-promoted UTV Software Communications beyond 15 per cent, six months after the deal was initially signed. Sebi, the market regulator, has also okayed the US-based company to launch an open offer.
Disney characters will now speak Telugu. Walt Disney Television International, that operates three children's channels in India, is introducing a two-hour Telugu band on its flagship Disney Channel. The channel is currently available in English and Hindi languages.
The animated blockbuster 'Hanuman' would be telecast as a mini-serial on Disney Channel soon.
Deepika dresses up... Tanishaa reads... John wraps up a film...
The BCCI will float tenders for IPL's media rights for the 2023-27 cycle as early as the coming week and complete the e-auction in two months.
While the first five stores will come up in Mumbai, Delhi and the National Capital Region by the end of this fiscal, a total of 150 Disney Artist stores will be set up in India by 2011.
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
Walt Disney finds another platform for its cartoons -- your mobile.
It also said that to make it easier for people to subscribe, Disney+ Hotstar VIP has tied up with telecom players Jio and Airtel.
George Clooney's day out with his wife!
Here's a Disneyland cocktail to mock your treasure hunt skills.
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.
Nine more NBA players have tested positive for COVID-19, less than a week before teams are set to travel to Florida to resume the 2020 season. A total of 25 players and 10 team staff members have tested positive for the novel coronavirus since testing began on June 23, the National Basketball Association said in a statement on Thursday.
The BCCI is set for a windfall of gigantic proportions as the IPL broadcast rights (TV and digital) could fetch the Board up to US $5 billion for the next five-year cycle (2023-2027) while some high-profile interest is being seen in the bidding process for the two new teams.
Reliance Communications, Reliance Infratel, Huawei Technologies and Walt Disney Company (India) are among the companies which misused or diverted funds raised from abroad under the ECB route in the last three years, Parliament was informed on Friday.
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