Disney and Reliance in Antitrust Deal for Indian Merger

Industry Giants to Divest Channels to Address Competition Concerns

Latest Breaking News

In a significant development, Walt Disney and Reliance Industries have initiated antitrust proceedings in order to win approval for their media and entertainment mega-merger in India.

The proposed deal, which involves a stock and cash transaction, has raised concerns over potential competition issues. To mitigate these concerns, the companies have offered to divest some of their channels.

Rationale for the Merger

The merger between Disney and Reliance is expected to create a dominant player in the Indian media and entertainment market.

The combined entity would control a significant portion of the market share in various segments, including television, streaming, and content production.

Divestment Proposal

To address antitrust concerns, Disney and Reliance have proposed to sell a portion of their channels to Viacom18, a joint venture between Reliance Industries and Paramount Global.

The channels that are likely to be divested include some of Disney's Star channels, as well as some of Reliance's Viacom18 channels.