Disney and Reliance in February agreed a $8.5 billion merger of their media assets to create India's biggest entertainment company, with both together having 120 TV channels and two streaming apps
By the end of this year, its factual and lifestyle programming cluster will have released over 3,000 hours of new content available on both linear channels and Discovery+
The Court granted a dynamic+ injunction, allowing for not just the blocking of current infringing websites, but also any future mirror or alphanumeric variations of 45 rogue streaming sites
The latest round of layoffs follows Disney's recent 140 job cuts in its TV division, which was 2 per cent of its workforce, as well as 175 layoffs at Pixar, which represents 14 per cent of its staff
Claim came as former failed to pay $1.4 bn within deadline
The deal affords satellite TV subscribers greater choice and flexibility, the companies said in a joint statement
Iger's 15-year tenure as chief executive had been so successful that he had considered running for president as a Democrat. Queen Elizabeth II knighted him just before she died
DirecTV's current public battle with Disney has led to 11 million DirecTV customers losing access to ESPN in the middle of the U.S. Open tennis tournamen
India, Apple Music will become available to premium users of Airtel's Wynk music app, which will eventually close
A day after anti-trust regulator CCI greenlit the mega merger of media assets of RIL and Walt Disney, Reliance Chairman Mukesh Ambani on Thursday said the deal marks the beginning of a new era in India's entertainment industry. Welcoming Disney to the Reliance family, Ambani said just like Jio and the Retail business, the expanded media business will be an invaluable growth centre in the Reliance ecosystem. "Let us now talk about our partnership with Disney. This marks the beginning of a new era in India's entertainment industry. We are combining content creation with digital streaming," he said at the RIL AGM. On Wednesday, Competition Commission of India approved the merger of media assets of Reliance Industries and The Walt Disney Co to create the country's largest media empire worth over Rs 70,000 crore. Reliance, through holding firm Network 18, owns TV18 news channels as well as a plethora of entertainment (under the 'Colors' brand) and sports channels. "We will provide ...
CCI's nod comes with subject to "certain voluntary modifications"
Reliance-Disney are aiming to create India's biggest entertainment player which will compete with Sony, Netflix and Amazon
According to seven antitrust lawyers, to keep the deal alive the companies will now have to come up with structural changes to their arrangement or so-called behavioural remedies
The companies can simply sell rights of certain cricket tournaments or for a particular medium, such as TV or streaming, to meet antitrust concerns, they said
Disney won a months-long proxy war earlier this year with activist investor Nelson Peltz who argued the company had underperformed
Disney's announcements reveal how the firm will start $60 billion in capital investments
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Disney Plus will put an end to password sharing with people outside the household from September. User might have to pay for sharing subscriptions with non-household members
Disney returned to a profitable third quarter as its combined streaming business started making money for the first time and the movie Inside Out 2 did well in theatres. Operating income for the entertainment segment nearly tripled to USD 1.2 billion thanks to better performances from its direct-to-consumer and content sales/licensing and Other segments. The Walt Disney Co. said Wednesday that its direct-to-consumer business, which includes Disney+ and Hulu, reported a quarterly operating loss of USD 19 million, which was smaller than its loss of USD 505 million a year earlier. Revenue climbed 15 per cent to USD 5.81 billion. For the period ended June 29, Disney earned USD 2.62 billion, or USD 1.43 per share. A year earlier it lost USD 460 million, or 25 cents per share. Stripping out one-time gains, earnings were USD 1.39 per share, easily topping the USD 1.20 analysts polled by Zacks Investment Research expected. Revenue for the Burbank, California, company rose 4 per cent to US
On February 28, RIL and Disney finalised a deal to merge Star India and Viacom18, resulting in a new entity valued at Rs 70,352 crore, which includes a Rs 11,500 crore capital infusion from RIL