AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
  • Select Language
    • English
    • हिंदी
    • ગુજરાતી
  • Advertise With Us
AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
AnyTV News

Mukesh Ambani said- a new era has begun in the entertainment industry – AnyTV News

by Aaryan Srivastav
August 29, 2024
Mukesh Ambani said- a new era has begun in the entertainment industry - India TV Hindi

Photo:FILE Reliance Disney Merger

Reliance Industries Limited Chairman Mukesh Ambani on Thursday said the approval of the deal between Reliance and Walt Disney marks the beginning of a new era in the country’s entertainment industry. He said this a day after the Competition Commission of India gave the green signal to the merger of media assets of Reliance and Walt Disney. Welcoming Disney to the Reliance family, Ambani said that like Jio and retail business, the expanded media business will also be an invaluable growth center in the Reliance ecosystem.

It will become the country’s largest media company

“Our partnership with Disney marks the beginning of a new era in India’s entertainment industry. We are combining content creation with digital streaming,” Ambani said at the company’s annual general meeting of shareholders. The Competition Commission of India on Wednesday approved the merger of media assets of Reliance Industries and Walt Disney Co, paving the way for the creation of the country’s largest media company worth over Rs 70,000 crore. Reliance also owns TV18 news channels as well as entertainment (under the ‘Colors’ brand) and sports channels through its holding company Network 18.

There will be 2 OTT platforms

Ambani said, “We will provide world-class digital entertainment across every region, we will cater to every consumer’s preference. We are excited about this partnership.” The combined entity will include two leading OTT (over the top) streaming platforms Disney Hotstar and Jio Cinema. He said, “We are combining content creation with digital streaming. Our digital-first approach will provide unique content at affordable prices.” The deal, announced six months ago, faced CCI scrutiny and was approved after both parties proposed certain amendments to the original transaction structure.

Competition from Sony and Netflix

Under the deal, Mukesh Ambani’s RIL and its affiliates will hold a 63.16 percent stake in the combined entity, which will have two streaming services and 120 television channels. Walt Disney will hold the remaining 36.84 percent stake in the combined entity. It will also be India’s largest media house. Reliance Industries has also agreed to invest about Rs 11,500 crore in the joint venture to give it strength to compete with rivals like Sony and Netflix.

Latest Business News

SendShareShareTweetSharePinShareSend

Related Posts

2 million active users decreased in the first half of 2025 of the top online trading platforms
Business

2 million active users decreased in the first half of 2025 of the top online trading platforms

by Aaryan Srivastav
July 10, 2025
India's Quick-commerce market will increase three times to Rs 2 lakh crore by financial year 2028: Report
Business

India’s Quick-commerce market will increase three times to Rs 2 lakh crore by financial year 2028: Report

by Aaryan Srivastav
July 10, 2025
इजरायल-ईरान संघर्ष से भारतीय शेयर बाजार लाल निशान में बंद, सेंसेक्स 573 अंक फिसला
Business

Stock market closed in red mark before TCS results, Sensex drops 345 points

by Aaryan Srivastav
July 10, 2025

Latest News

Arunachal CM Pema Khandu on China: 'Arunachal Pradesh's border meets Tibet', CM Pema Khandu gave a big statement to China, Arunachal Pradesh CM Pema Khandu Says Historically His State Share Border Border Border With Tibet NOT CHOT CHOT SHON SHES
India

Arunachal CM Pema Khandu on China: ‘Arunachal Pradesh’s border meets Tibet’, CM Pema Khandu gave a big statement to China, Arunachal Pradesh CM Pema Khandu Says Historically His State Share Border Border Border With Tibet NOT CHOT CHOT SHON SHES

by Amit Tripathi
July 10, 2025
llll
Lifestyle

Millionaires will be made in 10 years, just so much will have to be saved every month, know the full details here

by Kavita Nagar
July 10, 2025
Guru Purnima 2025: Guru Purnima became a confluence of reverence, reverence, service and spirituality at Guru feet
Astrology

Guru Purnima 2025: Guru Purnima became a confluence of reverence, reverence, service and spirituality at Guru feet

by Sandhya Hirani
July 10, 2025
2 million active users decreased in the first half of 2025 of the top online trading platforms
Business

2 million active users decreased in the first half of 2025 of the top online trading platforms

by Aaryan Srivastav
July 10, 2025
AnyTV News

AnyTVNews is a prominent digital news channel in India, known for delivering the latest updates on politics, sports, entertainment, and local events. The channel’s dedicated team of journalists and reporters ensures that viewers receive accurate and timely information from every corner of country. AnyTVNews has built a reputation for its fast and reliable news service, making it a trusted source for the people of India. The channel’s programs and news bulletins are highly popular among viewers, establishing AnyTVNews as a significant player in the news landscape.

CONNECT WITH US

TRENDING TOPICS

  • Agriculture
  • Astrology
  • Automobiles
  • Business
  • DIY
  • Education
  • Election
  • Entertainment
  • Gadgets
  • Health
  • India
  • Internet
  • Lifestyle
  • Mobile
  • News
  • Opinion
  • Politics
  • Regional
  • Sports
  • Technology
  • Uncategorized
  • Viral News
  • World

READ NEWS IN

  • Hindi
  • Gujarati
  • English

FOLLOW US ON

Follow us on Google News
  • About Us
  • Advertise With Us
  • Disclaimer
  • DMCA Policy
  • Privacy Policy
  • Contact Us

© 2025 AnyTV News Network All Rights Reserved.

No Result
View All Result
  • Select Language
    • हिंदी
    • ગુજરાતી
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Lifestyle
  • Health
  • Automobiles
  • Education
  • Viral News
  • Agriculture
  • Astrology
  • Election
Follow us on Google News

© 2025 AnyTV News Network All Rights Reserved.