Overview

• The merger brings together Reliance's Viacom18 and Disney's Star India, forming a new joint venture.
• Indian regulators approved the deal after companies agreed to concessions on advertising rates and channel sales.
• The merged entity will control major sports broadcasting rights, including cricket, Wimbledon, MotoGP, and EPL.
• The new company will compete with Sony, Netflix, and Amazon in India's $28 billion media market.
• Nita Ambani will chair the venture, expected to finalize within six months.