Reports have begun surfacing about the integration following the merger of Star India and Viacom 18.
It is learnt from certain reports that Reliance will retain the majority of shares in the merger, with some claiming it to be around 63 percent while others say it is 57 percent. These reports add further that Disney+Hotstar will act as the primary streaming platform, absorbing JioCinema.
To the unversed, Reliance Industries Limited (RIL) and Walt Disney inked an $8.5 billion deal to merge Star and Viacom18 this February. The concerned government bodies such as Competition Commission of India, the National Company Law Tribunal, and the Ministry of Information and Broadcasting have given a nod for the merger.
Together, both the streaming platforms boast sports (ICC, IPL, Premier League and BCCI) and entertainment contents (Disney, NBC, Universal, HBO and Paramount Global.