According to experts, the Disney-Reliance merger could drive up ad rates for major properties like IPL and the World Cup, but its impact on general entertainment content may be limited
Profit drops 4% to Rs 17,448 crore
The two parties have reportedly filled Form 2, which notifies CCI about the merger and its impact on competition
Most recently, Kotecha led Strategy and New Business initiatives for the Petrochemicals business at Reliance Industries Limited
The merger between the two will not cause any 'appreciable adverse effect on competition in India,' RIL told CCI
The two companies reportedly addressed CCI, allaying concerns about the merged entity dominating cricket broadcasting and streaming
The conglomerate reported an 11% YoY increase in revenue from operations that stood at Rs 2.4 lakh crore in the quarter ended March 2024
A news report says that the companies are in the midst of preliminary talks about the acquisition
With the purchase, Reliance's equity stake in Viacom18 will reportedly increase to 70.49% on a fully diluted basis
According to media reports quoting Motilal Oswal, the merger will give RIL a large pie in the media business
The company’s net profit also declined by 3% from Rs 49 crore in Q3 FY23 to Rs 48 crore in Q3 FY24
The merger is in line with the companies’ endeavours to restructure their streaming, broadcasting and distribution business
The US-based conglomerate is reportedly considering deals ranging from total sale of Disney Star business to partial transactions of assets such as sports rights and streaming service Disney+ Hotstar
Isha Ambani, Akash Ambani and Anant Ambani to be appointed Non-Executive Directors of the company
The team will participate in the inaugural edition of Major League Cricket (MLC)
Ambani said this during his address at the Reliance Industries Limited AGM
Based in Cape Town, the new franchise will take forward the Mumbai Indians brand
The move is the first major overseas expansion of Reliance Industries’ cricket operations in the global franchise-based cricket leagues
Malhotra served stints at brands such as Nykaa, Levi Strauss & Co, MakeMyTrip.com, and MSLGROUP India etc. in the past
RIL will plug the only gap in its media and entertainment portfolio with the launch of its sports channels
The promoter group plans to sell 20,54,43,340 equity shares at a floor price of Rs 21.50 per equity share
We bring you a roundup of the news that made headlines this past week
The conglomerate plans to sell stakes for Rs 853 crore and Rs 269 crore in Hathway and DEN respectively
Tiwari has worked with Vodafone Idea Ltd, Vodafone, Pidilite, Reliance & Economic Times, in the past
RISE Worldwide will continue to drive the full portfolio of owned and operated brand properties formerly under the banner of IMG-Reliance Limited
Sunil Bharti Mittal and Kumar Mangalam Birla take the second and third spot respectively
Post completion of acquisition, Reliance Industries will rebrand sports and fashion joint venture IMG-R as Reliance
Despite the challenges of a slowing economy, RIL has managed to come up at the top of the list in the 2020 listing as well.
Total income jumped to Rs 3886.16 crore compared to 3671 crore in the trailing fiscal
RJIL's revenue for the quarter grew 5.9% quarter-on-quarter to Rs 17,481 crore. Its consolidated net profit grew to Rs 3,020 crore or 19.8%, quarter-on-quarter
The winning bid and the team will be enrolled for the seventh edition of the tournament and onwards
The company has witnessed robust financial performance with 33.7% YoY revenue growth and 55.4% YoY EBITDA growth
With this, Jio Platforms has raised Rs 92,202.15 crore from leading technology investors in less than six weeks
We bring you a roundup of the news that made headlines this past week
With this, Jio Platforms has amassed investment amounting to Rs 78,562 crore from leading global tech investors in the last month
With this investment, Jio Platforms has raised Rs 67,194.75 crore from technology investors including Facebook, Silver Lake, Vista Equity Partners and General Atlantic in less than four weeks
This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore
The financial statement says that the launch of a nationwide video platform called Jiomeet is in the offing
In addition to the FB investment, the Board was informed that RIL has received interest from other strategic & financial investors and is poised to announce a similar-sized investment in coming months
Reliance Industries, its philanthropic arm, Reliance Foundation, along with Zomato, Taj Hotels, Uber and Oppo, were listed as companies whose Coronavirus responses resonated most
Under the new arrangement, TV18 Broadcast, Hathway Cable & Datacom and Den Networks will merge into Network18 Media & Investments