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Disney-Reliance Entertainment Merger Approved by Indian Regulator, Law Tribunal
India's Competition Commission has approved the merger between Reliance Industries and entertainment assets of The Walt Disney Company in India.
Announced in February, the deal will combine the entertainment businesses of Viacom18, part of billionaire Mukesh Ambani’s RIL group, with Star India Private Limited (SIPL), a wholly owned Disney subsidiary. SIPL contributes its TV broadcasting arm, content production capabilities, streaming platform Disney+ Hotstar, and advertising business to the merger. The merged company would boast 120 TV channels and two streaming services, positioning it to compete with major players like Sony, Zee Entertainment, Netflix and Amazon.
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