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New Delhi: The merger of media assets of Reliance Industries and the India business of global media house the Walt Disney is expected to be complete by the end of the third quarter of this fiscal, according to a regulatory filing by billionaire Mukesh Ambani-led group. The fair trade regulator CCI has already approved the merger of Viacom 18 and <keyword id="19976122" type="General" weightage="20" keywordseo="Star-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Star India" meta.hostid="261" meta.entityid="Star India">Star India</keyword> and NCLT (National Company Law Tribunal) has sanctioned the scheme regarding it. "The companies are in the process of obtaining other requisite approvals for the completion of the transaction and transaction closer is expected in 3Q FY 25," informed Reliance Industries on Monday in its quarter earning statement. The merger of Reliance group-controlled media assets - TV18 Broadcast and E18 - with Network18 Media &amp; Investments has already been sanctioned by the NCLT and was made effective on October 3, it said. Earlier on September 27, the government approved the transfer of licenses relating to Non News &amp; Current Affairs TV channels held by media entities of Reliance Industries to Star India. "The Ministry of Information and Broadcasting, Government of India, vide its order dated September 27, has granted its approval for transfer of Licenses relating to Non News &amp; Current Affairs TV channels held by <keyword id="19976121" type="General" weightage="20" keywordseo="Viacom18" source="keywords" meta.keywordsubtype="org" meta.entityname="Viacom18" meta.hostid="261" meta.entityid="Viacom18">Viacom18</keyword> Media Private Limited in favour of Star India," it had said. Viacom18 is the holding company that owns the media and entertainment business of billionaire Mukesh Ambani-led Reliance Industries and Bodhi Tree Systems. Both sides are in the final stages of the merger, making some adjustments in the business as per the Competition Commission of India (CCI) directions. On August 30, the NCLT had approved the scheme of merger of Viacom18 Media and Digital 18 Media, holding media and entertainment assets of Reliance Industries with Star India. The scheme had proposed the transfer and vesting of Media Operations Undertaking from Viacom 18 and Jio Cinema into Digital18, which is a subsidiary of Viacom 18. This would be followed by "demerger, transfer and vesting of V18 Undertaking from Digital 18 into Star India". The merger of the media assets of Reliance Industries and The Walt Disney Co.'s India business will create the country's largest media empire worth over Rs 70,000 crore. Earlier, the CCI had said it has cleared the "proposed combination involving Reliance Industries Ltd, Viacom18 Media Pvt Ltd, Digital18 Media Ltd, Star India Pvt Ltd and Star Television Productions Ltd, subject to the compliance of voluntary modifications". Viacom18 is part of the RIL group, and Star India is wholly owned by The <keyword id="19986269" type="General" weightage="20" keywordseo="Walt-Disney-Company" source="keywords">Walt Disney Company</keyword>. Star Television Productions, a company incorporated in the British Virgin Islands, is owned indirectly by Walt Disney. The CCI, however, did not disclose voluntary modifications in the original deal made by the two parties. As per the deal, Mukesh Ambani-led RIL and its affiliates will hold 63.16 per cent of the combined entity that will house two streaming services and 120 television channels. Walt Disney will hold the remaining 36.84 per cent stake in the combined entity, which will also be India's largest media house. Reliance Industries has also agreed to invest close to Rs 11,500 crore into the joint venture to give it the muscle to fight rivals like Japan's Sony and Netflix. Nita Ambani, wife of billionaire and RIL Chairman <keyword id="19916798" type="General" weightage="20" keywordseo="Mukesh-Ambani" source="keywords">Mukesh Ambani</keyword>, will head the joint venture, while Uday Shankar will be the vice-chairperson.

Reliance expects to complete merger with Disney's India business in Q3

Reliance-owned <keyword id="19910844" type="General" weightage="20" keywordseo="OTT-platform" source="keywords">OTT platform</keyword> <keyword id="19940563" type="General" weightage="100" keywordseo="JioCinema" source="keywords" meta.keywordsubtype="org" meta.entityname="JioCinema" meta.hostid="261" meta.entityid="JioCinema">JioCinema</keyword>, which has live streaming rights for <keyword id="20849034" type="General" weightage="20" keywordseo="Tata-IPL" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata IPL" meta.hostid="261" meta.entityid="Tata IPL">Tata IPL</keyword>, saw a 53 per cent growth in viewership at 2,600 crore views in the T20 cricket tournament that concluded on May 26. This was the second season of IPL for JioCinema, in which the platform recorded over 35,000 crore minutes of watch-time, the OTT platform said in a statement. Moreover, the average time spent per viewer touched 75 minutes from over 60 from the last season of Tata IPL 2023. "Keeping the momentum going after an incredible opening night, JioCinema's reach grew over 38 per cent, concluding the season at over 62 crore," it said. This season, JioCinema had a record 28 sponsors and over 1,400 advertisers. "We conclude the TATA <keyword id="17425920" type="General" weightage="20" keywordseo="ipl-2024" source="Orion">IPL 2024</keyword> with a promise to continue to redefine the way sports is consumed in India," said a <keyword id="19976121" type="General" weightage="20" keywordseo="Viacom18" source="keywords" meta.keywordsubtype="org" meta.entityname="Viacom18" meta.hostid="261" meta.entityid="Viacom18">Viacom18</keyword> Spokesperson, adding, "The growth we are seeing year-on-year assures us that our viewer-centric presentation is engaged with and appreciated". JioCinema opened the 2024 season with over 11.3 crore viewers on the first day, 51 per cent higher than Day 1 of TATA IPL 2023. "As JioCinema commenced their second season on digital, over 59 crore video views were registered on the platform for the opening day of TATA IPL 2024 which led to 660 crore minutes of watch-time," it said. Reliance-backed Viacom18 acquired the digital rights for IPL for Rs 20,500 crore in June 2022. The television rights for the Indian subcontinent is with Disney Star, which is yet to come with its final number of viewers. After this, JioCinema will focus on the next sports event -- the 2024 Paris Olympics, it added

JioCinema IPL viewership spikes 53% in 2024, amassing 2,600 crore views!

<ul><li><keyword id="19940563" type="General" weightage="20" keywordseo="JioCinema" source="keywords" meta.keywordsubtype="org" meta.entityname="JioCinema" meta.hostid="261" meta.entityid="JioCinema">JioCinema</keyword> has announced a new annual ad-free premium plan for individuals.</li><li>The premium subscription plan has been priced at ₹299 per year.</li><li>Here’s everything you need to know about JioCinema’s new <keyword id="21835315" type="General" weightage="20" keywordseo="annual-subscription-plan" source="keywords">annual subscription plan</keyword>.</li></ul> Mukesh Ambani-owned streaming platform JioCinema has announced a new annual subscription plan, soon after announcing two <a href="https://www.businessinsider.in/tech/news/jiocinema-introduces-new-ad-free-premium-plans-starting-at-29/articleshow/109581033.cms">monthly premium plans</a>. The new annual premium subscription from the digital arm of <keyword id="19976121" type="General" weightage="20" keywordseo="Viacom18" source="keywords" meta.keywordsubtype="org" meta.entityname="Viacom18" meta.hostid="261" meta.entityid="Viacom18">Viacom18</keyword> offers ad-free content in 4K. After announcing two monthly plans, JioCinema has now announced an annual plan for individual users. The company is yet to announce an annual plan for family users. <cmsannotation type="cmsannotation" annotationid="JioCinema annual plan price" comment="subhead" text="JioCinema annual plan price"><keyword id="17566564" type="General" weightage="100" keywordseo="JioCinema-annual-plan" source="Orion">JioCinema annual plan</keyword> price</cmsannotation> The JioCinema annual plan is priced at ₹299 per year, which is significantly cheaper than the monthly plan which costs ₹678 per year. While it is priced at ₹29 for the first month, the renewal costs ₹59 per month. The ₹299 annual plan is currently available at a discounted price. After the first year, the plan will cost ₹599. It is currently being offered at a 50% discount as part of an introductory offer. On the other hand, the family plan costs ₹89 per month and there is no annual plan available yet for families. Do note that sports content, including the Indian Premier League (IPL), will continue to be free with Jio’s ad-supported tier. <cmsannotation type="cmsannotation" annotationid="JioCinema premium plan features" comment="subhead" text="JioCinema premium plan features"><keyword id="17402458" type="General" weightage="20" keywordseo="JioCinema-premium-plan" source="Orion">JioCinema premium plan</keyword> features</cmsannotation> The JioCinema <keyword id="21803687" type="General" weightage="20" keywordseo="premium-plan" source="keywords">premium plan</keyword> offers access to all premium content on the platform without any ads, except sports and live content, which will continue to show ads. JioCinema has announced several partnerships over the last few months, including with HBO and Paramount. The company has said that in addition to English, content from international studios will be available in Hindi, Telugu, Tamil, Marathi and Bengali. Users who subscribe to either of the premium plans will also be able to download the content and watch it offline on their device. <cmsannotation type="cmsannotation" annotationid="Plans from rivals" comment="subhead" text="Plans from rivals">Plans from rivals</cmsannotation> JioCinema’s offerings are considerably cheaper when compared to plans offered by its rivals. Netflix offers a mobile-only subscription at ₹149 a month, while Prime Video has a subscription fee of ₹299 per month of ₹1,499 per year. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/awfis-space-solutions-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/110467409.cms">Awfis Space Solutions IPO allotment – How to check allotment, GMP, listing date and more</a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-f55-with-leather-back-launched-in-india-starting-at-26999/articleshow/110462026.cms">Samsung Galaxy F55 with leather back launched in India starting at ₹26,999</a> <a href="https://www.businessinsider.in/tech/news/lenovo-loq-15-review/articleshow/110456546.cms">Lenovo LOQ 15 review – gaming laptop with a sturdy design</a>

JioCinema launches new annual ad-free subscription plan at a discount

<ul><li><keyword id="19940563" type="General" weightage="20" keywordseo="JioCinema" source="keywords" meta.keywordsubtype="org" meta.entityname="JioCinema" meta.hostid="261" meta.entityid="JioCinema">JioCinema</keyword> has announced new ad-free premium plans for individuals and families.</li><li>The premium subscription plans have been priced starting at ₹29 per month.</li><li>Here’s everything you need to know about JioCinema’s new subscription plans.</li></ul> Mukesh Ambani-owned streaming platform JioCinema on Thursday announced its new premium plans after teasing them for a few days. The new premium subscription plans from the digital arm of Viacom18 offer ad-free content. JioCinema has an extensive catalogue, including the ongoing <keyword id="19966825" type="General" weightage="20" keywordseo="Indian-Premier-League" source="keywords">Indian Premier League</keyword> (IPL) and content from HBO, Warner Bros., and Paramount, among others. The new content plans are cheaper than its current plans and are aimed at offering an ad-free experience like <keyword id="21423024" type="General" weightage="20" keywordseo="Netflix-and-Prime-Video" source="keywords">Netflix and Prime Video</keyword>. Do note that sports content, including the IPL, will continue to be free with Jio’s ad-supported tier. Existing <keyword id="20426557" type="General" weightage="20" keywordseo="JioCinema-Premium" source="keywords">JioCinema Premium</keyword> users will be upgraded to Jio’s new plans for free. “The introduction of JioCinema Premium breaks the numerous cost and quality barriers that exist in accessing premium entertainment. With 4K streaming, best-in-class audio, offline viewing and no device restriction all at a customer-centric pricing is sure to democratise access to quality entertainment for all of India,” Kiran Mani, chief executive officer, <keyword id="21420202" type="General" weightage="20" keywordseo="Viacom18-Digital" source="keywords" meta.keywordsubtype="org" meta.entityname="Viacom18 Digital" meta.hostid="261" meta.entityid="Viacom18 Digital">Viacom18 Digital</keyword>. <cmsannotation type="cmsannotation" annotationid="JioCinema Premium plans pricing" comment="subhead" text="JioCinema Premium plans pricing"><keyword id="21423025" type="General" weightage="100" keywordseo="Jiocinema-premium-plans" source="Orion">JioCinema Premium plans</keyword> pricing</cmsannotation> The new JioCinema Premium plan is priced at ₹29 per month for the individual plan, offering online and offline access to 4K content on one device. It includes access to all premium content on the platform without any ads, except sports and live content, which will continue to show ads. For families, JioCinema has introduced the new Family plan, which offers all the same benefits as the Premium plan and allows streaming on four devices at once. It is priced at ₹89 per month. Do note that the company has not announced long-term plans and you only have the option to select from the monthly plans. JioCinema has said that these are introductory prices. The actual prices of the plans are ₹59 and ₹149 respectively. <cmsannotation type="cmsannotation" annotationid="International content in regional languages" comment="subhead" text="International content in regional languages">International content in regional languages</cmsannotation> JioCinema has announced several partnerships over the last few months, including with HBO and Paramount. The company has said that in addition to English, content from international studios will be available in Hindi, Telugu, Tamil, Marathi and Bengali. “On an average, pricing for broadcaster-based OTT’s in India is ₹103 per month (Zee5, Sony Liv, Disney plus premium plan), whereas global giant OTT’s average pricing is ₹358 (Netflix premium plan, Amazon video), which implies that Jio Cinema Premium pricing is at a steep discount of 86% vs average price of peers; however, Jio Cinema’s depth of offerings in originals/global content remains much lower compared to global peers,” said Karan Thorani, Elara Securities. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/gigabyte-aorus-co49dq-49-inch-qd-oled-144hz-curved-gaming-monitor-launched-in-india/articleshow/109563798.cms">GIGABYTE AORUS CO49DQ 49-inch QD-OLED 144Hz curved gaming monitor launched in India</a> <a href="https://www.businessinsider.in/tech/mobile/news/realme-narzo-70-narzo-70x-5g-smartphones-launched-in-india-starting-at-11999/articleshow/109557895.cms">Realme Narzo 70, Narzo 70X 5G smartphones launched in India starting at ₹11,999</a> <a href="https://www.businessinsider.in/tech/news/apple-let-loose-event-scheduled-for-may-7-ipads-expected-to-be-launched/articleshow/109553148.cms">Apple Let Loose event scheduled for May 7 – New iPad models expected to be launched</a>

An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema

New Delhi, Walt <keyword id="19899232" type="General" weightage="20" keywordseo="disney" source="keywords">Disney</keyword> CEO <keyword id="20023956" type="General" weightage="20" keywordseo="bob-iger" source="keywords">Bob Iger</keyword> has said a joint venture with <keyword id="19936674" type="General" weightage="20" keywordseo="reliance" source="keywords">Reliance</keyword> Industries after merging its <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> business would benefit the company in terms of profit and also "derisk" its business in the Indian market. The merger deal will create a big entity and help it to stay in the market at a "significant level", said Iger at a Morgan Stanley investor conference earlier this week. "We had an opportunity to align with Reliance, which is obviously the company that has done very well there and one that we respect. And in doing so, end up owning part of a bigger media company. And we believe that, that not only should benefit us in terms of the bottom-line, but derisk us as well there," he said. Last month, Walt Disney Co. and Reliance Industries announced signing of binding pacts to merge their media operations in India. Under the deal, Reliance and its affiliates will hold 63.16 per cent and Disney will have 36.84 per cent in the JV, which will create India's leading media company that will house two streaming services and around 120 television channels. "We wanted to stay in India. We made a big investment in India when we purchased the assets of 21st Century Fox. We are one of the biggest media companies in India. But even though it is the most populous country in the world, we felt we want to be there because of that, we also know that there are challenges in that market," he said. Iger said, the merger will create a big entity and help it to stay in the market at a "significant level". "So, it's kind of the best of both worlds. We stay in the market at a significant level. We have a very good partner in Reliance, and we get to have a chance of growing a business and lowering the risk of doing so," he added. The transaction values the joint venture at Rs 70,352 crore (USD 8.5 billion) on a post-money basis, excluding synergies. Billionaire Mukesh Ambani-led Reliance has also agreed to invest at closing Rs 11,500 crore into the joint venture to give it the muscle to fight rivals such as Japan's Sony, and Netflix. Its OTT platform Disney + Hotstar has seen its paid subscriber base decline from around 55 million to 40 million in the first quarter of FY24 because of Reliance's <keyword id="19985346" type="General" weightage="20" keywordseo="jio-cinema" source="keywords">Jio Cinema</keyword> winning exclusive rights for live sports. The combined entity will have the largest OTT subscriber base. Disney + Hotstar was launched in India in 2020, post the acquisition of the entertainment assets of 21st Century Fox at a valuation of USD 71.3 billion, thereby taking over the operations of Star India and Hotstar. It housed entertainment and cinema channels such as StarPlus and StarGold as well as sports channels like Star Sports. While Disney + Hotstar rapidly increased its subscriber base initially with the streaming rights of cricket matches (IPL, World Cup), it lost the bid for the digital streaming rights in 2023-27 cycle, which was won by Reliance-backed Viacom18 for USD 720 billion, 12.92 per cent higher than what Star India had paid on an average per match value. Media ventures of Reliance are currently housed in Network 18, which owns TV18 news channels as well as a plethora of entertainment (under the 'Colors' brand) and sports channels. NW18 also has stakes in moneycontrol.com, bookmyshow and publishes magazines. NW18 owns news channels CNBC/CNNNews. Reliance separately owns a movie production arm - JioStudios, and majority stakes in two listed cable distribution companies, Den and <keyword id="20777796" type="General" weightage="20" keywordseo="hathway" source="keywords">Hathway</keyword>. 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Merger with Reliance would boost company's profits and reduce risk in India: Disney CEO Bob Iger

Mumbai, Viacom 18 has bagged the <keyword id="6391629" type="General" weightage="20" keywordseo="bcci-media-rights" source="Orion">BCCI media rights</keyword> in both TV and digital for the next five years, announced Jay Shah, the <keyword id="6354756" type="General" weightage="20" keywordseo="bcci" source="Orion">BCCI</keyword> Honorary Secretary. Viacom18 beat competition from Sony Sports Network and Disney Star in an e-auction held on Thursday. "Congratulations @viacom18 for winning the @BCCI Media Rights for both linear and digital for the next 5 years. India Cricket will continue to grow in both spaces as after @IPL, and @wplt20, we extend the partnership @BCCI Media Rights as well. Together we will continue to capture the imagination of Indian cricket fans," said Shah on the social media platform "X". Viacom18, a relative newcomer in the broadcasting world through its TV channel Sports18 and digital platform Jio Cinema, is also the holder of TV and digital rights to the Women's Premier League (WPL) till 2027. It also has the rights to Cricket South Africa matches to be broadcasted in India from 2024-31. Viacom18 has taken the BCCI bilateral media rights from Disney Star, who had won the television and digital rights for the 2018-23 cycle for INR 6138 crore. Disney Star had won the rights to the 2012-18 cycle of broadcasting Indian cricket in the country for INR 3851 crores. "Also, a big thank you to @starindia @DisneyPlusHS for your support over the years. You played a key role in making India Cricket reach its fans across the globe," added Shah, also the President of the Asian Cricket Council (ACC). The BCCI has opted for an e-auction for the bilateral media rights, with a base price of INR 25 crore for India digital and rest of world TV &amp; digital rights and INR 20 crore for India television rights, continuing the trend from IPL media rights auction. It brought the combined rights value to INR 45 crore per game for a total of 88 matches for the 2023-28 cycle. Viacom18's cycle of showing India's matches will begin with the three-match ODI series against Australia from September 22-27, a preparatory series before the Men's ODI World Cup. --IANS nr/bsk

Viacom 18 bags BCCI media rights in both digital and TV for next five years

<ul><li><keyword id="10942584" type="COMPANY" weightage="20" keywordseo="colors-cineplex-bollywood">COLORS Cineplex Bollywood</keyword> is a 24 hours Hindi movie channel.</li><li>The channel to go live on April 01, 2021.</li></ul><keyword id="187712" type="COMPANY" weightage="20" keywordseo="Viacom18">Viacom18</keyword> is all set to make an exciting new addition to its existing bouquet of channels with the launch of <keyword id="7363696" type="UNKNOWN" weightage="20" keywordseo="Colors-Cineplex">COLORS Cineplex</keyword> Bollywood. The channel will launch with a robust library of Bollywood hits on April 01, 2021 across leading platforms. Targeted towards the Metro audience of Mumbai and Delhi as well as Hindi Speaking Markets of Maharashtra, Gujarat, Uttar Pradesh, Bihar, Madhya Pradesh and Rajasthan, COLORS Cineplex Bollywood aims to entertain and engage Bollywood movie buffs with a slew of titles spanning across different genres. In line with its brand proposition of ‘Hit Hai!’, the channel will showcase commercial potboilers of the 80’s such as Amar Akbar Anthony, Kaalia, Namak Halaal, to the 90’s hit movies like Hum Dil De Chuke Sanam, Raja Hindustani, Jeet, Dil, Kachche Dhaage to millennial favourites like Golmaal, Dabangg, Hera Pheri franchise as well as latest blockbusters like Chhalaang, Padmavaat, Student of the Year 2, Andhadhun thus catering to viewers of all ages. With its diverse offering, COLORS Cineplex Bollywood will acknowledge the purest form of cinema which stands for wholesome entertainment. Speaking on expanding the Network’s Hindi Mass Entertainment Cluster, <keyword id="321502" type="PERSON" weightage="20" keywordseo="Nina-Elavia-Jaipuria">Nina Elavia Jaipuria</keyword>, Head Hindi Mass Entertainment and Kids TV Network, Viacom18 says, “The launch of COLORS Cineplex Bollywood will bolster Viacom18’s play in the Hindi Mass entertainment category and strengthen our share in the Hindi movie genre specifically. Aimed at appealing to the masses, the channel is a natural extension of our current Hindi movie portfolio. We are excited about this launch and look forward to becoming the ultimate destination for the best of Bollywood on television.” Speaking on the channel’s proposition, Rohan Lavsi, Head, Hindi Movies Cluster, Viacom18, adds, “The charm of Bollywood movies lies in the unparalleled blend of intense drama, powerful action and soulful music delivered on a grand scale. COLORS Cineplex Bollywood encapsulates wholesome entertainment defining the ultimate movie viewing experience for our viewers. With a robust library spanning decades, the channel has something for everyone. With a brand proposition ‘Hit Hai!’, COLORS Cineplex Bollywood will celebrate the iconic dialogues, unforgivable villains, energetic dancers, superstars and much-loved characters that have not only made an important contribution to Indian cinema but have also become an integral part of our daily lives. We are sure the channel will go on to become an instant hit amongst viewers of all ages.” With the launch of COLORS Cineplex Bollywood, Viacom18 will further expand its movie portfolio with an aim to gain significant presence in the Hindi movie space. With the telecast of only Hindi movies, the channel will fulfil the insatiable appetite for Bollywood movies. COLORS Cineplex Bollywood will launch on 1st April 2021 across all leading DTH &amp; Cable platforms including DD FreeDish. The launch will also be accompanied by a robust marketing plan.

Viacom18 expands its Hindi Movies cluster with COLORS Cineplex Bollywood

<ul><li>Sudhanshu Vats will be serving at Viacom18 till 15th April 2020.</li><li>Vats verticals will now fall under the leadership of Rahul Joshi, Managing Director of the <keyword id="187715" type="COMPANY" weightage="20" keywordseo="Network18">Network18</keyword> Group.</li></ul>Sudhanshu Vats, Group CEO and MD of Viacom18, a subsidiary of Network18, has decided to move on from Viacom18 after 8 years at the helm. During his years at the company, Vats expanded the media network’s footprint into new business lines of Digital, Experiential Entertainment and Consumer Products. He also strengthened Viacom18’s position in Hindi mass entertainment, regional, kids, music &amp; English entertainment and turned around the filmed entertainment business with content led cinema. Viacom18 has grown from a six to a 54-channel network with its video-on-demand platform, Voot, helping it establish a strong digital presence. Network18, RIL’s flagship in Media and Entertainment, has driven value-addition and synergies across the multi-platform group comprising broadcast, digital, filmed and experiential entertainment and media businesses. As a part of the Network18 group, Viacom18 has grown as a prominent entertainment broadcaster (ex-sports), with an 11.1% viewership share and is poised for accelerated growth in broadcasting, film studio and OTT offerings. Vats leaves behind a strong leadership team which has grown the different verticals of the company into large businesses and they will continue to manage their respective verticals under the leadership of Rahul Joshi, Managing Director of the Network18 Group. Speaking on the development, Adil Zainulbhai, Chairman of the Board, Network18 said, “Sudhanshu is a dynamic and admired leader in corporate India today. Not only has he led from the front in shaping up Viacom18’s growth story, he has also championed the cause of the sector at the various industry bodies that he has captained. While we are sad to lose him, it is equally reassuring to know that we have a strong second line that’s raring to go. I’d like to wish Sudhanshu all the very best for his future endeavours.” Speaking about his journey at Viacom18, Sudhanshu Vats said, “It has been an extremely challenging and satisfying 8 years at the helm of Viacom18. I have had the privilege of working with some of the best minds in M&amp;E industry to chart the growth story of Viacom18. We have together built one of the most admired media company of brilliant storytellers with diversified presence across screens and platforms. As I look forward to taking up newer challenges, I shall always cherish the learnings in leading India’s youngest and fastest-growing media and entertainment company.” Sudhanshu Vats will be serving at Viacom18 till 15th April 2020.

Sudhanshu Vats resigns as MD of Viacom18

<keyword id="6355199" type="ORGANIZATION" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword> Limited (<keyword id="6484187" type="COMPANY" weightage="20" keywordseo="ril">RIL</keyword>) does not seem to be keen on a deal with Sony Pictures for a stake sale and merger in Viacom 18. As per sources, <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> led RIL is not keen on the Sony conversation. Sources said digital media and entertainment is an essential pillar of Jio's digital business strategy. Reliance plans to invest aggressively and grow the digital media business. They added that Reliance wants to retain management control over the digital operations and invest behind creating India's number 1 OTT destination as well as broadcast platform. Sources revealed that entertainment is central to Jio's FTTH plans in partnership and collaboration with other content and production companies. "There is a lot of interest from content companies and production houses in partnering with Reliance and Jio, and investors are keen to back such partnerships," they added. Earlier, there were reports that Sony is likely to own 74 per cent after a merger with Viacom 18. As per reports, a merger of Sony Pictures Network and Viacom 18 was being discussed. Viacom 18 is a 51:49 JV between Reliance owned Network 18 and Viacom. There had been a buzz about the deal for some months now.

Reliance ditches Viacom18 merger talks with Sony – has its eyes set on building India's No.1 OTT and broadcast platform

Manchester <keyword id="18448" type="General" weightage="80" keywordseo="city" source="Orion">City</keyword> has announced a new regional partnership with <keyword id="2003276" type="General" weightage="100" keywordseo="jio" source="Orion">Jio</keyword> Platforms Limited ("Jio"), that will see India's leading digital services brand become the Club's Official Mobile Communications Network Partner in India. The partnership was enabled and supported by <keyword id="10660050" type="General" weightage="50" keywordseo="rise-worldwide" source="Orion">RISE Worldwide</keyword>, a <keyword id="10926" type="General" weightage="50" keywordseo="reliance" source="Orion">Reliance</keyword> initiative, India's largest sports and entertainment company. Through this partnership, Man City and Jio will collaborate on a variety of engaging experiences that fans will be able to access through Jio's digital ecosystem comprising JioTV, <keyword id="3390853" type="General" weightage="50" keywordseo="myjio" source="Orion">MyJio</keyword>, Jio STB, JioEngage and other applications and platforms, in addition to exclusive giveaways and in-market activities. As part of the new agreement, Man City's OTT platform CITY+ will be integrated into the JioTV platform providing fans in India further access to exclusive club content including match highlights, live Manchester City Women's team and Elite Development Squad fixtures, matchday content and City Studios documentaries. JioTV, a unique proposition from Jio's digital ecosystem, is India's leading digital video platform, giving users access to over 900 channels in 16 languages across 12 genres, making it the second biggest OTT platform globally with over 350 million downloads. In addition to the Jio brand featuring across the club's in-stadia and digital assets, as part of the new deal Jio's associate brands, RISE and Viacom18 will also leverage several partnership rights across their football and sports offerings. Akash Ambani, Chairman of Reliance Jio Infocomm Limited (a wholly-owned subsidiary of Jio Platforms Limited), said: "We are excited to announce Jio's exclusive partnership with Manchester City in India through which we will present City fans with experiences through a multitude of digitally powered immersive initiatives. We believe both brands share similar values of bringing transformational impact to their communities and through this partnership, we endeavour to bring the best of football to the sports communities and Man City fans in India." Ferran Soriano, Chief Executive Officer, of City Football Group, said: "We're pleased to welcome Jio as an Official Partner of Manchester City today. The Club has a passionate and growing fanbase in India and we are continually exploring new ways to provide greater fan experiences for our followers in the region and around the globe, particularly within the digital and technology space. We look forward to working with Jio as we develop these opportunities throughout the partnership." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/japanese-startups-look-overseas-as-domestic-market-shrinks/articleshow/96756948.cms">Japanese startups look overseas as domestic market shrinks</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/space/news/microsoft-join-hands-with-isro-to-empower-spacetech-startups-in-india/articleshow/96758712.cms">Microsoft join hands with ISRO to empower spacetech startups in India</a>

Jio Platforms partners with football club Manchester City

Leading multiplex chain INOX Leisure Ltd. announced on Wednesday that it is all set to live screen matches from <keyword id="5929" type="General" weightage="80" keywordseo="fifa-world-cup" source="Orion">FIFA World Cup</keyword> <keyword id="6355203" type="General" weightage="80" keywordseo="qatar" source="Orion">Qatar</keyword> 2022 across its 22 multiplexes in 15 cities in <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>. The move means that football fanatics can watch the matches at INOX multiplexes in Mumbai, Delhi, Gurgaon, Kolkata, Pune, <keyword id="826" type="General" weightage="80" keywordseo="goa" source="Orion">Goa</keyword>, Bhubaneswar, Jaipur, Kolkata, Siliguri, Surat, Indore, Vadodara, Dhanbad, and Thrissur, adding to the FIFA Football <keyword id="22177" type="General" weightage="100" keywordseo="world-cup" source="Orion">World Cup</keyword> frenzy in India. The FIFA World Cup Qatar 2022 began on November 20, with the Round of 16 kicking off on December 2, with the final scheduled for December 18. 32 of the best international teams in the world will battle it out to win the coveted title. The tournament unarguably produced one of the biggest shocking results in the history of the competition when Saudi Arabia defeated a Lionel Messi-led Argentina 2-1 in a Group C match at the Lusail Iconic Stadium on Tuesday. "There are certain things that bring people together in our country, and sports is one of them. We are thrilled to bring the most-awaited sporting event, the FIFA World Cup Qatar 2022, to the big cinema screens at INOX." "With this initiative, we aim to provide our patrons with an opportunity to create unforgettable experiences and memories while feeling the pulsating energy as if one were in the stadium itself. We are proud to take our content innovation journey forward with sports, through this historic screening. We look forward to welcoming our guests and letting them soak in an immersive football-viewing fun at INOX," said Alok Tandon, Chief Executive Officer of INOX Leisure Limited. INOX had earlier signed an agreement with the International Cricket Council (ICC) to live screen all matches played by India in the eighth edition of the Men's T20 World Cup in Australia in October-November, where the side reached the semi-finals, before losing to England by ten wickets. They also live screened India's matches in Asia Cup 2022 in the UAE in September. The cinema chain is also the Official Sponsor of the Indian Olympic Association. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sports/news/no-alcohol-intake-strict-dress-code-us-uk-issue-advisory-for-fifa-world-cup-in-qatar/slidelist/95715119.cms">No alcohol intake, strict dress code: US, UK issue advisory for FIFA World Cup in Qatar</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/bjyus-amul-viacom18-jio-cinema-sbi-more-indian-brands-powering-the-fifa-world-cup-2022/slidelist/95712435.cms">Amul, BJYUs, Jio Cinema &amp; more: Indian brands powering the FIFA World Cup 2022</a>

INOX to screen matches of FIFA World Cup Qatar 2022 live in its cinema halls in India

<ul><li>Theatres are opening up in Maharashtra today and <keyword id="799" type="General" weightage="100" keywordseo="pvr" source="Orion">PVR</keyword> has taken this opportunity to launch a luxury offering, <keyword id="12351605" type="General" weightage="20" keywordseo="pvr-maison" source="Orion">PVR Maison</keyword> at Jio World Drive in BKC.</li><li><keyword id="3185120" type="General" weightage="20" keywordseo="renaud-palliere" source="Orion">Renaud Palliere</keyword>, CEO, The <keyword id="12359381" type="General" weightage="20" keywordseo="luxury-collections" source="Orion">Luxury Collections</keyword>, <keyword id="89807" type="General" weightage="20" keywordseo="PVR-Cinemas" source="Orion">PVR Cinemas</keyword> tells us all about the new offering and why he is optimistic about the segment's revival.</li></ul>Maharashtra, one of the key markets for the revival of the multiplex industry, is finally reopening cinema halls today. And right in time for the reopening and to dazzle the audience back to screens, multiplex chain PVR has launched a new luxury boutique property at Jio World Drive in the suburban Bandra Kurla Complex (BKC). The architecture of this 6-screen multiplex is inspired by the popular French Grand Maison and comprises foyers, luxurious lounges, libraries with art and curiosities, grand living rooms and open kitchens with premium food concepts. On why this was a good time to open a luxury multiplex, Renaud Palliere, CEO, The Luxury Collections, PVR Cinemas said, “I think this was the perfect time and there are several reasons for that. Firstly, we had the benefit of opening up in other states and we've seen very good response for the marketplace. There has been some pent-up demand for out-of-home entertainment. People have been cooped up for so long that they are really keen to go out, obviously after following all the safety protocols. They are happy to go back to some sense of normalcy and we’re sure we’ll see that here as well. Moreover, the kind of footfall we’ve been observing in malls is a clear indication that people are coming back out en masse. So we thought this was the perfect moment to give our customers and the market a sense of hope, that there's light at the end of the tunnel.” PVR has been working on increasing its luxury offerings to cater to a growing demand in the segment. Before the pandemic hit, the multiplex chain had plans of adding close to 15 screens by 2020, a plan which came to a halt last year. With 6 luxury properties already function in different metro cities, PVR aims to add around 4 more over the next 18 months. With the opening of this new property, PVR’s total screen count will stand at 157 screens across 38 properties in Maharashtra. As people are still cautious about going out, PVR is also ensuring it follows all safety protocols to make the overall experience safe for its consumers. Speaking about all that they are doing to be relevant in the post-Covid world, Palliere said, “Our audience’s safety is of utmost importance to us. It starts with ensuring that the team is completely up to mark with vaccination and is 100% vaccinated. Additionally, we will take care to follow all social distancing norms and SOPs. We are not cutting corners in that regard because it is very important that everybody feels comfortable and confident that they’re entering and experiencing a safe place.” Meanwhile, speaking about his optimist about the industry with the reopening of screens, Ajay Bijli, Chairman and Managing Director, PVR Ltd Ajay Bijli, Chairman and Managing Director, PVR Ltd said, “The effects of the pandemic will linger but we are hopeful that 2021 will bring back the theatre-going audience and with the change in the scenario, we can assure PVR Maison will be a delightful experience for the patrons. We are happy to welcome back our patrons in the key market of Mumbai, being the hub of the Hindi film industry and the state of Maharashtra.”

As it unveils its most luxurious boutique multiplex yet in Mumbai, PVR is confident of a healthy revival with the opening up of theatres in Maharashtra

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