Media

RIL to acquire 61% stake in Walt Disney India: report

28 Feb 2024

Walt Disney is reported to have agreed to sell 61 per cent of its India business to Viacom 18, the media arm of Reliance Industries Ltd, in what is seen as a major development in the Indian media and entertainment industry.

Amazon to cut jobs in Prime Video and Studio Operations

11 Jan 2024

In a significant move, Amazon.com has announced plans to lay off several hundred employees in its streaming and studio operations.

Reliance and Disney initiate antitrust diligence for merger in India

04 Jan 2024

Indian business tycoon Mukesh Ambani’s Reliance Industries and global entertainment giant Walt Disney have taken decisive steps towards their proposed merger with the Indian media and entertainment sector.

Disney secures support from activist investor ValueAct Capital

04 Jan 2024

In a significant development, The Walt Disney Company has garnered support from ValueAct Capital, a notable activist hedge fund. This backing comes amid board challenges posed by billionaire financier Nelson Peltz.

Reliance, Disney to consolidate media operations in India

26 Dec 2023

Reliance Industries is reported to have signed a non-binding agreement with Walt Disney Company for merger of their media operations in India.

Warner Bros. Discovery CEO explores potential deal with Paramount Global

21 Dec 2023

In a strategic move within the entertainment industry, Warner Bros. Discovery CEO David Zaslav recently engaged in talks with Paramount Global CEO Bob Bakish.

Adani takes control of news agency IANS with 50.5% stake

16 Dec 2023

Adani Group firm AMG Media Networks has acquired a 50.50 per cent stake in news agency Indo-Asian News Service Pvt Ltd (IANS), expanding the group’s presence in the media sector.

700 Washington Post employees walk out over contract and layoff concerns

07 Dec 2023

In an unprecedented move, approximately 700 employees of The Washington Post walked off the job for 24 hours on Thursday, 7 December, 2023.

ESPN valued at $24 billion, Apple and Verizon among likely buyers

03 Nov 2023

According to BofA Global Research, the Disney-controlled ESPN sports network is currently exploring opportunities to attract investments from various sources

Disney to acquire Comcast's remaining 33% stake in Hulu for a minimum of $8.6 billion

02 Nov 2023

In an important move to solidify its position in the global streaming service arena, The Walt Disney Company officially initiated the acquisition process of Comcast's one-third stake in Hulu.

Thomson Reuters to acquire legal AI firm Casetext for $650 mln

10 Jul 2023

If Journalism falters, democracy falls: Justice B.N. Srikrishna

23 Dec 2022

Facebook rebrands itself as Meta; broadens reach to new areas

01 Nov 2021

While Meta will offer other products and services, including Facebook Messenger, Facebook Watch, and Facebook Portal, the change will not apply to its individual platforms, such as Facebook, Instagram and Whatsapp

AT&T to merge media assets with Discovery in $43 bn deal

17 May 2021

As per the terms of the cash and debt deal, AT&T's shareholders would receive stock representing 71 per cent of the new company, while Discovery shareholders would own 29 per cent of the new company

Google revives plan for Australia news portal amidst row over payment for content

28 Jan 2021

Govt to bring all its film media units under NFDC

30 Dec 2020

RIL to consolidate media and distribution business under Network18

18 Feb 2020

The merger of TV18 Broadcast, Hathway Cable & Datacom, Den Networks into Network18 Media & Investments will create entity with about Rs8,000 crore in annual revenue and substantial economies of scale

Infosys ranked 3rd in 2019 Forbes ‘World’s Best Regarded Companies’ list

12 Dec 2019

Supreme Court grants bail to P Chidambaram in INX Media case

04 Dec 2019

The apex court, however, restrained Chidambaram from giving press interviews or making statements with regard to the case as also from traveling abroad without the court's permission

Mukesh Ambani in talks to sell media assets to Times Group: Bloomberg

28 Nov 2019

RIL, which saw its media arm Network18 report a loss of Rs178 crore in the year ended March 2019 and a net debt of Rs2,800 crore, is weighing various options, ranging from an outright exit to a stake sale

Sony in talks to buy stake in Mukesh Ambani’s Network18: Bloomberg

21 Nov 2019

Sony Corporation also last week announced the establishment of a research center in India to tap into the country's sizeable pool of talent, with plans for multiple sites – starting with the first location in Bangalore in 2020

INX Media case: ED to get custody of P Chidambaram

15 Oct 2019

The agency plans to arrest him from Tihar jail in the morning and produce in court around 4 PM when the agency applies for his custody

SC refuses to grant Chidambaram anticipatory bail in INX Media case

05 Sep 2019

A Supreme Court bench comprising Justices R Banumathi and A S Bopanna did not consider it a fit case as any grant of anticipatory bail to Chidambaram at this stage would hamper investigation

ED issues lookout notice for P Chidambaram as SC rejects urgent bail

21 Aug 2019

A Supreme Court bench headed by Justice NV Ramana refused to give Chidambaram interim relief from possible arrest in the INX Media case and instead referred the petition challenging the Delhi High Court rejecting anticipatory bail to Chief Justice Ranjan Gogoi

Chidambaram goes missing as Delhi HC rejects anticipatory bail plea

21 Aug 2019

Chidambaram was untraceable when a CBI team laded at his posh Jor Bagh residence, hours after the Delhi High Court denied anticipatory bail for the former union finance minister in the INX Media case