Walt Disney Co. and Reliance Industries Ltd., led by Asia’s richest tycoon Mukesh Ambani, are expected to sign a non-binding pact as early as Monday to merge their media operations in India in a cash-and-stock deal...
RIL, Disney ready term sheet to merge India operations
Reliance Industries Ltd (RIL) and Walt Disney Co. are finalising details of a non-binding term sheet to move ahead with plans to merge their India media and entertainment operations, said executives involved in the...
NCLAT to hear IDBI’s insolvency plea against Zee Entertainment today
A three-member bench of the National Company Law Appellate Tribunal (NCLAT) is scheduled to hear the plea of IDBI Bank seeking to initiate insolvency proceedings against Zee Entertainment on December 6 (today). The case...
Banijay submits binding offer for All3Media – sources
Banijay, the French TV production group owned by FL Entertainment, has submitted a binding offer for British rival All3Media, three people familiar with the matter told Reuters. Joint owners Liberty Global and Warner...
Sweden’s Viaplay agrees to sell Premier Sports back to SSBL, report says
Crisis-hit Swedish streaming group Viaplay has agreed to sell Premier Sports in Britain to SSBL, from which it bought the TV channel last year, business daily Dagens Industri reported late on Wednesday. Viaplay...
Music rights giant BMI to be bought by New Mountain – led group
An investor group led by New Mountain Capital on Tuesday agreed to buy Broadcast Music Inc (BMI), the music rights company that represents top songwriters including Lady Gaga, Taylor Swift and Rihanna. The terms of the...
NCLAT adjourns hearing on IDBI’s insolvency plea against Zee Entertainment to Dec 6
The National Company Law Appellate Tribunal (NCLAT) on Wednesday adjourned its hearing to December 6 over the plea of IDBI Bank seeking to initiate insolvency proceedings against Zee Entertainment. A three-member NCLAT...
Walt Disney to acquire Comcast’s 33% stake in Hulu for $8.61 billion
The Walt Disney Company has said that it will acquire Comcast Corporation-owned NBC Universal’s (NBCU) 33% stake in streaming platform Hulu for $8.61 billion at a valuation of $27.5 billion. Disney hopes to...
Disney set to complete takeover of Comcast’s stake in Hulu for $8.6 billion
The Walt Disney Company announced it will buy Comcast’s $8.6 billion stake in Hulu, completing its takeover of the streaming service. The acquisition will “further Disney’s streaming objectives,”...
Radio Mirchi, Orange in race to acquire Big FM
Leading FM Radio network Radio Mirchi, a part of Entertainment Network India Limited (ENIL) and Radio Orange have bid Rs 251 crore to acquire BIG FM Radio network, sources said. Haryana-based Sapphire FM is the other...
Sony, ZEEL hope to close merger by November
Sony Group Corp’s India unit and Zee Entertainment Enterprises Limited (ZEEL) expect to close the pending merger deal – billed as one of the biggest in the country’s media industry – as early as...
Sony begins talks with Disney to buy India biz
Sony Pictures Entertainment (SPE), the global entertainment unit of Japan’s Sony Group Corp., has initiated talks with Walt Disney Co. about a potential acquisition of its India business, said two people with direct...
