Fair trade regulator CCI today said it has approved a proposed deal between Walt Disney and Network18 group firms, involving combination of their TV channel aggregation business for various distribution platforms.
IndiaCast, the global distribution arm of TV18 and Viacom18, has formed a joint venture with DisneyUTV company UGBL for aggregation and wholesale distribution business of TV channels in India. IndiaCast is a 50:50 joint venture between TV18 and Viacom18.