Newly merged Star India-Viacom18 to boast cash reserves of over Rs 19K cr

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However, Star is not expected to have any cash reserves at present, the report added.

This becomes crucial for the entity as it is set to face strong competition from leading streaming giants like Netflix and Amazon Prime Video.

Consequently, both companies assured the CCI that they would not unreasonably increase advertising rates for streamed cricket matches, Business Standard had earlier reported citing sources.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Star India Viacom18 merge Netflix Competition Reliance Industries NCLT approval Cash reserves Viacom18 Rs 19 Streaming giants Media empire Amazon Prime Video RIL Star India 000 crore Walt Disney Mukesh Ambani Merger

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 12:13:19 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 372 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22342456

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 291 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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