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Mar 22, 2019 · With the closing of the $71 billion deal with 21st Century Fox, The Walt Disney Company now owns Indian TV giant Star, a Mumbai-based media company with dozens of sports and entertainment channels and other assets including Hotstar. The deal became effective on Wednesday morning.
Oct 11, 2023 · Novi Digital Entertainment, the owner of Disney+ Hotstar, has begun the process of merging with its parent company, Star India, which is owned by Walt Disney Company. The companies have filed a merger scheme with the National Company Law Tribunal in Mumbai.
Disney+ Hotstar is an Indian subscription video-on-demand over-the-top streaming service owned by Viacom18 and Disney Star, featuring domestic Indian film, television and sports content for India itself and its worldwide diaspora. It also includes imported content from and serves Southeast Asia as well.
- Reliance and Disney Star's deal is expected to the biggest entertainment merger India has ever seen. The merged entity will be equally controlled by both the firms, with equal number of directors from Reliance and Disney.
- The main aim of the merger is the create a subsidiary of Viacom18 (owned by Reliance), which will absorb Star India through a stock swap, reported ET.
- Mukesh Ambani's Reliance will be the majority shareholder in the merged entity, set to own 51 per cent stake while Walt Disney Co. will own 49 per cent.
- Reliance's OTT platform Jio Cinema and Disney + Hotstar are also expected to be a part of the deal. The merger is set to uplift Hotstar as it continues to get weighed down by losses.
Jun 3, 2020 · Hotstar is now owned by Disney as the company closed the $71 billion deal with 21st Century Fox. The Walt Disney Company now owns Star India and its list of sports and entertainment channels,...
Aug 28, 2024 · Disney will own a 36.84% stake in the new company, with Reliance owning 16.34% and Viacom owning 46.82%. The joint venture has been valued at $8.5 billion dollars (₹70,352 crore), with Reliance agreeing to invest a further $1.4 billion (₹11,500 crore) for its growth strategy.
Disney+ Hotstar is an online video streaming platform owned by Novi Digital Entertainment Private Limited, a wholly owned subsidiary of Star India Private Limited. Disney+ Hotstar currently offers over 100,000 hours of TV content and movies across 9 languages, and every major sport covered live.
