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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.
According to Raghav Bahl, the entire credit for enabling Network18 to establish a diverse variety of partnerships with the likes of CNN Worldwide, CNBC, Forbes, Viacom and History Channel belonged to Chawla. The COO, B. Sai Kumar succeeded Chawla as the CEO of Network18, and resigned before the takeover of the company by Reliance.
TV18 Broadcast Limited (formerly Global Broadcast News and IBN18 Broadcast Limited) [1] is an Indian television company based in Mumbai and owned by Network18 Group. TV18 owns and operates various national channels in separate partnerships with NBCUniversal ( CNBC TV18, CNBC Awaaz and CNBC-TV18 Prime HD) and Warner Bros. Discovery ( CNN-News18 ).
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.
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.
Viacom18 Media Pvt. Ltd. is one of India’s fastest growing entertainment networks and a house of iconic brands that offers multi-platform, multi-generational and multicultural brand experiences.
30th September 2021: Viacom18 announced today that Jyoti Deshpande has been appointed as CEO of Viacom18 with immediate effect. Jyoti is already serving on the boards of Network18 and investee companies Balaji Telefilms and Saavn Media.
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...
Apr 27, 2022 · Reliance and Viacom18 have formed a partnership with Murdoch and Shankar's Bodhi Tree in a push to turn the Ambani-backed network into one of the largest TV and digital streaming companies in India.
Jan 31, 2018 · Mukesh Ambani-owned TV18 Broadcast has announced that it will take control of Viacom18 Media Private Ltd by increasing its stake to 51 per cent. Viacom18 is a joint venture between TV18 and...
