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Thursday, March 28, 2024
TopicReliance

Topic: Reliance

Reliance and Disney announce $8.5 billion media assets merger in India

Reliance will infuse $1.4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake. Disney will hold about 37%, the companies said in a joint statement.

Disney, Reliance have signed binding media pact to merge operations in India, reports Bloomberg

The media unit of Reliance, controlled by Mukesh Ambani, and its affiliates are expected to own at least 61% of the merged entity, with Disney holding the rest, the report said.

2024 will be the year of AI. Here’s what to expect

Wherever the dust settles on the debates, one hopes that organisations will be mindful of the ethical implications of these technologies and deploy them responsibly.

Disney nears $10 billion deal to sell India operations to rival Reliance, reports Bloomberg News

Reliance values Disney's India assets, which comprises the Disney+ Hotstar streaming service and Star India, at between $7 billion and $8 billion, the report said.

Modi govt’s laptop import ban targets China but will end up hurting Indians

Reliance recently launched the JioBook, which costs less than Rs 20,000 and is made in China. If Reliance needs to import even half a million units of this device, it will now require a licence.

Reliance’s JioCinema signs partnership with NBC Universal to increase Hollywood content

The multi-year deal will give JioCinema's premium subscribers access to popular shows such as ‘Downton Abbey,’ ‘Suits’ and ‘The Office,’ the companies said in a joint statement.

Reliance sells diesel at cheaper rates than state retailers, petrol pump dealers say

The retail fuel joint venture of Reliance and BP is selling diesel at about 1 rupee a litre lower than that of state-run Indian Oil, Hindustan Petroleum and Bharat Petroleum.

JioCinema unveils premium pricing of Rs 999 to fight global rivals Netflix, Disney

The move comes weeks after Reliance's Viacom18 struck a content deal with Warner Bros.

Reliance strikes deal with Warner Bros, JioCinema library to have Succession, Harry Potter series

The content deal between Reliance's Viacom18 & Warner Bros Discovery could bring in thousands of hours of streaming content onto JioCinema, which is famous for steaming IPL for free.

James Murdoch’s Bodhi Tree reduces planned investment in Reliance JV Viacom18 by 70%

In April last year, Reliance Industries said that Bodhi Tree would spend Rs 135 billion out of planned Rs 151.45 billion investment in media behemoth.

On Camera

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.