CCI approves merger of Jio Cinema OTT with Viacom18 Media
SUBSCRIBE
JOBS
Go Back
--> 5 days ago 06:00:46am Television

CCI approves merger of Jio Cinema OTT with Viacom18 Media

New Delhi, 22-September-2022, By IBW Team

CCI approves merger of Jio Cinema OTT with Viacom18 Media

Fair-trade regulator Competition Commission of India (CCI) on Monday approved the proposed merger of Jio Cinema OTT with Viacom18 Media.

In a tweet, on Monday the CCI said it has approved the amalgamation of the Jio Cinema OTT platform with Viacom18 Media, following an investment by BTS Investment and Reliance Projects & Property Management Services.

In April, Reliance Industries Ltd (RIL) and Viacom18 announced a strategic partnership with Bodhi Tree Systems, where Bodhi Tree will invest Rs 13,500 crore in Viacom18 while Reliance Projects & Property Management Services, a wholly-owned subsidiary of RIL, will invest Rs 1,645 crore in the broadcaster as part of the tripartite partnership, to form one of the largest TV and digital streaming firms in India.

Under the partnership, Reliance’s popular Jio Cinema OTT app will be transferred to Viacom18, PTI reported from New Delhi.

Bodhi Tree Systems (BTS) is an investment venture firm of James Murdoch’s Lupa Systems and ex-chairman of Star and Disney India Uday Shankar.

Reliance Projects & Property Management Services has engaged in IT support services.

Viacom18 Media is engaged in providing media and entertainment services through its portfolio of channels and streaming app ‘Voot’.

Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices in the marketplace.


Leave a Reply

Your email address will not be published.

Related Posts

Our Events

  • img
    SatCab Symposium

    SatCab symposium organized by Aavishkar Media Group is an annual event. It's a well-informed event where we have a panel discussion on the current affairs and future forecasting on our industry.

  • img
    BCS
    Ratna Awards

    BCS Ratna Award organized by Aavishkar Media Group is an annual event. In this award function, a community of our industry is honored by receiving the award for the contribution of their work.

  • img
    Chetna Yatra

    Chetna Yatra organized by Aavishkar Media Group is an annual event. Held by Dr. AK Rastogi, Chairman of Aavishkar Media Group. Pilgrimage India in his car for connecting the people of our industry.

  • img
    Imaan India Sammaan

    Imaan India Samman is an event mobilized by Aavishkar Media Group, which was launched in 2012. Giving the award to the NGOs for giving their contribution to society.

Youtube Videos