Reliance Industries first disclosed on February 28, 2024, that Viacom18, a subsidiary of the company, would merge with Star India, Disney’s Indian unit, to create India’s largest television and digital streaming entity.
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Reliance Industries Ltd (RIL) has announced a joint venture with Walt Disney to merge their streaming and television operations in India, creating a behemoth valued at Rs 70,352 crore.
The MRA for the 2018-2023 cycle which ended on March 31 had an "indicative schedule" of 102 games at a value of Rs 6138.1 crore but the BCCI ended up organising 103 matches in the five-year cycle.
The BCCI top brass deliberated on the two subjects for more than an hour in the emergent meeting of the Apex Council on Monday. It was a virtual meeting.
"The bid is a direct testimony to the BCCI’s organisational capabilities despite two pandemic years," Jay Shah, the secretary of the nodal cricketing body, said.
Brightcom Group chairman and managing director M Suresh Kumar Reddy informed stock exchanges that the latest allotment of shares on a preferential basis expands the company’s share capital to Rs 236.33 crore, divided into 1181.6 billion equity shares of Rs 2 each, fully paid-up.
Decoding the changing dynamics in the media and entertainment industry, and the implications for advertisers.
The Board of Control for Cricket in India is expected to take a decision on this matter in its forthcoming Annual General Meeting, scheduled to be held on December 24.
Walt Disney recently announced a strategic reorganisation of its media and entertainment business, and hinted at a push for original content.
The IPL, BCCI and the ICC broadcast rights – any broadcaster would shudder to think of having all of them at the same time. But Uday Shankar did not bat an eyelid when it came to splashing the cash to get hold of them
Star Sports, the official broadcaster, is pulling out all stops to ensure the tournament's popularity does not get dimmed despite the disruptions caused by the pandemic.
"We had written to the BCCI before the coronavirus outbreak but there has been no response. But we are optimistic about it. We have again written to them and are hopeful of a positive response," he told Moneycontrol.
Although the matches will be played in the UAE sans spectators, the viewership figures are expected to surpass previous records and that bodes well for Star India.
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In February 2018, YouTube with 178 million MAUs was ahead of Hotstar, which stood at 48 million MAUs. However, Hotstar has eclipsed YouTube, which now has 265 million MAUs.
Originals have always ruled the game of online video streaming, but Hotstar has competitors with deep pockets who aren’t sitting idle either.
The drop in ratings raises questions on the timing of the league as it coincided with other properties beamed by broadcaster Star Sports – ISL, I-League and the recently concluded cricket series between India and West Indies.
Star India's streaming platform Hotstar said it "will not stand by anything" that compromises the respect or safety of women
The deal covers T20 matches, ODIs, Test cricket matches, and premier domestic competition matches organised by the Board of Control for Cricket in India.
“Star had made around Rs 2,000 crore till date from advertising revenues against Sony’s Rs 1,200 crore in the whole of last season,” said an expert from the advertising industry
While Sony claims 3.6 percent decline in viewership in IPL's debut week, Star insists that the tournament has gotten off to a record start.
The recent spat between Airtel Digital TV and Star India over subscription fee hike just before the start of the Indian Premier League is emblematic of the morass the Indian broadcasting distribution structure finds itself in.
The media rights include both — television and digital media rights — for all international matches played by the Indian cricket team at home from April 2018 to March 2023
Star India, which has a bouquet of nearly 50 channels, in a campaign has asked Airtel Digital TV subscribers to switch to new DTH/operators in order to continue watching its channels.