The joint venture will be one of the largest Media & Entertainment companies in India with pro forma combined revenue of approximately $3.1 billion.
Ltd. , and Viacom 18 Media Private Ltd. said Thursday that the merger of the media and JioCinema businesses of Viacom18 into Star India has become effective, creating a big“The JV has allotted shares to Viacom18 and RIL as consideration for the assets and cash, respectively,” the companies said. “The transaction values the JV at $8.5 billion on a post-money basis, excluding synergies. At the closing of the transactions noted above, the JV is controlled by RIL and owned 16.34 percent by RIL, 46.
The JV will be one of the largest Media & Entertainment companies in India with pro forma combined revenue of approximately $3.1 billion for the fiscal year ended in March 2024. The JV operates over 100 TV channels and produces 30,000+ hours of TV entertainment content annually. The Competition Commission of India approved the transaction in August, subject to the compliance with certain voluntary modifications offered by the parties. The transaction has also been approved by anti-trust authorities in the EU, China, Turkey, South Korea and Ukraine.Danielle Directo-Meston. We use vendors that may also process your information to help provide our services.
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