Disney and Reliance Secure Approval for $8.5 Billion Indian Media Merger

Regulatory concerns over cricket broadcasting rights addressed to create India's largest entertainment entity

Overview

The merger will combine 120 TV channels and two streaming services, competing with Sony, Netflix, and Amazon.
Concessions include commitments to avoid unreasonable advertising rate hikes for cricket matches.
Disney and Reliance have invested $9.5 billion in cricket broadcasting rights, including the Indian Premier League and ICC events.
The merged entity will also hold broadcasting rights for Wimbledon, MotoGP, and the English Premier League.
The new company will be majority owned by Mukesh Ambani's Reliance.