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As part of the venture, JioCinema —a streaming service owned by Reliance's mobile operator Jio —would be brought under Viacom18. Paramount would remain a stakeholder and content partner. The deal was approved by the Competition Commission of India (CCI) in September 2022.
Mar 15, 2024 · NEW DELHI: Reliance Industries Limited (RIL) signed an agreement on Thursday to acquire a 13.01% equity stake in Viacom18 Media Private Limited (Viacom18) for a consideration of Rs 4,286 crore.
Feb 29, 2024 · RIL-owned Viacom18 will be merged with Walt Disney's local arm Star India, strengthening the Reliance's hold over the country's $28-billion media and entertainment industry. Reliance, along with Viacom18, will own 63% in the merged entity, while Disney will hold the remaining 37%.
Mar 13, 2024 · Paramount Global has sold its 13% ownership stake in Indian TV and streaming company Viacom18 to Reliance Industries for $517 million. Reliance was already the majority owner of Viacom18.
Mar 14, 2024 · Viacom18 is a material subsidiary of TV18 Broadcast Ltd. and RIL currently holds Compulsorily Convertible Preference Shares of Viacom18 representing 57.48%equity stake (on a fully diluted...
Mar 14, 2024 · Lata Jha. Reliance currently owns 57.48% stake in Viacom18, through the latter’s parent company TV18 Broadcast Ltd. This will increase to 70.49% after the deal with Paramount is completed. A...
Apr 13, 2023 · Uday Shankar, the former chairman of Star India and The Walt Disney Company India has been appointed to the Board of Viacom18. Paramount Global will continue as a shareholder and supply...
Mar 14, 2024 · Viacom18 is majority-owned by Reliance and has 40 television channels, including Comedy Central, Nickelodeon and MTV. Paramount said it will continue to license its content to Viacom18 after...
Mar 13, 2024 · Paramount Global has agreed to sell its 13 percent stake in Indian media company Viacom18 to Reliance Industries. The sale price is approximately $517 million, according to a new securities filing...
Sep 30, 2021 · Veteran media executive, Jyoti Deshpande has been appointed CEO of Viacom 18, the joint venture between TV18 and U.S. conglomerate Viacom. Billionaire Mukesh Ambani acquired a controlling stake...