Star India Disney

Three CEOs to lead Reliance-Disney media behemoth

The move comes as Viacom18 nears the final phase of its merger with Disney's Star India

Claim came as former failed to pay $1.4 bn within deadline

The newly merged Star India-Viacom18 will have over Rs 19,000 crore in cash reserves, enabling the company to invest in its digital and sports sectors, which may face short-term losses

The merger comes at a time when a FICCI-EY report revealed that the Indian media and entertainment sector grew by 8 per cent in calendar 2023, reaching Rs 2.3 trillion

The merger will be done in two stages: the transfer of Viacom18's TV and streaming assets to Digital18 and the demerger and vesting of these assets from Digital18 to Star India

The CSK vs RCB match in Chennai also witnessed the highest-ever peak TV concurrency for an IPL opening day, with 6.1 crore viewers watching the broadcast simultaneously on Disney Star

Star India has sought "specific performance" of the agreement or the payment of damages, Zee said in a statement, without providing details

The impairment charges stem from the merger agreement between Walt Disney and RIL aimed at creating an $8.5-billion media entity by combining Star India and Viacom18

A day after Reliance, Viacom18 and Disney announced a mega joint venture, RIL traded firm, while shares of TV18 group hit the 5% lower circuits. Here's a quick chart check.

Star also accused Zee of violating the ICC TV rights agreement by failing to make the first instalment payment of $203.5 million

Disney Star is mulling legal actions against Zee Entertainment for backing out from a USD 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 USD 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. If the rescinded agreement contained an arbitration clause, then Disney Star would have to resort to arbitration proceedings for the resolution of the dispute and if the agreement is short of the arbitration clause, then Disney could initiate legal proceedings to sue Zee for damages. ZEEL, which has already missed the first instalment of around USD 200 ..

In the Asian Champions Trophy, the India vs Pakistan match will take place on August 9 at 8:30 PM IST.

With the acquisition of Star India in 2019, Disney became India's biggest television broadcaster. But now it is looking for strategic options for the biz

There was a 24% jump in the TV viewership of IPL 2023 as compared to IPL 2022

Home textiles major Welspun India is seeking to tap opportunities in the kids segment through its licensing pact with The Walt Disney Company, according to Welspun's CEO and Joint Managing Director Dipali Goenka. The company, which had signed a brand licensing agreement with Walt Disney in January for the Europe and the UK market this year, also sees an increase of shelf space of licensed brands as compared to its private labels. "If there's a recession, or a slowdown, people will not compromise on their kids' demands...The kids' opportunity is huge. Whether there's a slowdown or there's a peak, that demand never tapers off," Goenka told PTI. The licence agreement had given Welspun the rights to design, develop, manufacture and distribute a complete range of home textiles products leveraging on Disney's franchises and characters across Disney, Pixar, Marvel and Lucas brands. Welspun India President & Global Head Keyur Parekh said the licensing pact with Walt Disney marks the foray

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Ajit Varghese, Disney Star's head of network ad sales said that the network wants to help advertisers achieve their business objectives without having to worry about budget constraints

Disney Star won the closed-loop bid process after beating rivals such as Sony, Zee and Viacom18

The post-pandemic list tells just one story - that of utter devastation