Disney, RIL may shut some Hindi, regional channels for CCI merger approval

Quick Summary:

The CCI considers any entity with a market share exceeding 40 per cent in a specific category as dominant.

The CCI has consulted with other media and entertainment firms to assess how the merger might affect the sector.

However, Reliance and Disney were earlier reported to have told the CCI their cricket rights had been obtained separately under a bidding process which was competitive.

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Category: BusinessFinance

Markets: India

Topics: Indian Super League Star India Zee Entertainment Competition Commission of India Netflix Star Plus CCI IPL Bangla channels Reliance Industries Ltd Uday Shankar Cricket rights RIL Marathi channels Merger approval Merger Nita Ambani Mukesh Ambani Regional channels BCCI Sports broadcasting James Murdoch Pro Kabaddi League Media industry Hindi channels ICC Colors Entertainment sector Walt Disney Kannada channels Bodhi Tree Systems Viacom18 Sony Amazon Market share Premier League

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-17 @ 13:55:05 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 517 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © Business Standard

News ID: 22114034

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