look news india
It is being told that the acquisition deal between Reliance Jio's parent company Reliance Industries and Disney is now almost finalized. It can be officially announced any time soon.
Once this deal is completed, the entire business of Disney's Star Network will come into the hands of Mukesh Ambani. Keeping this in mind, Mukesh Ambani can take a big decision.
Once the merger is completed, Disney+ Hotstar will also be included in the Reliance OTT platform. Additionally, Mukesh Ambani's company can operate on a single platform instead of two separate OTT platforms, ET said in a news report.
After the completion of the merger of Reliance subsidiary Viacom 18 with Star India, 'Jio Cinemas' may merge with 'Disney + Hotstar'. In this way the company can finally move forward with the Disney+Hotstar platform.
Jio Cinema may be closed with this.. Before Jio Cinema, Viacom 18 had its own OTT platform 'Voot'. Later the company merged with Jio Cinemas.
Reliance Industries has completed almost all the formalities for the acquisition of Disney Star India Business. Not only this, the company has obtained almost all the regulatory approvals. After this deal, the control of the new company Star-Viacom will be with Reliance.
One of the reasons for merging Jio Cinema with Disney+Hotstar is that Disney+Hotstar has more than 50 million downloads on Google Play Store. But the number of Jio Cinema downloads is only 10 crores. Not only this, Disney + Hotstar has 3.55 crore paid subscribers.