In addition to what @Niranjan_Bhat have mentioned which was so to the point. The article from Economic times of today covers the major developments related to the merger between Disney’s Star India and Viacom18. Key points include:
- Board Appointments: Nita Ambani and Akash Ambani, along with key figures from Disney Star and Bodhi Tree, have been appointed to the board of Viacom18 ahead of the merger. The article also mentions the inclusion of other influential members like James Murdoch (Bodhi Tree) and Mohammed Ahmed (QIA).
- Combined Entity: Post-merger, the combined entity will hold a significant position in the media industry, with a portfolio that includes Disney+ Hotstar, JioCinema, and other major content platforms.
- Ownership Structure: Reliance Industries is expected to nominate six members to the Viacom18 board, while Disney Star will have three members, reflecting a major strategic collaboration.
- Viacom18’s Future: The merger solidifies Viacom18’s leadership in the Indian media market, combining traditional TV channels with new OTT platforms to compete with global giants like Netflix and Amazon Prime.
In short, the merger will create a powerful media conglomerate, expanding its influence across TV and streaming services.
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