Competition Commission of India Gives nod to Takeover of Rupert Murdoch’s Star India Assets

By Pickle  August 13, 2018

Competition Commission of India has given approval to the takeover of 21st Centure Fox’s Star India and its related assets by Walt Disney Company. With this, the acquisition of Rupert Murdoch’s 21st Century Fox’s by The Walt Disney Company will be close to realisation. This was reported by Business Standard on August 12.

Earlier, Disney had raised its bid for 21st Century Fox to $71.3 billion in cash and stocks. It has already got the approval from the Department of Justice in the United States of America. Over 15 regulators acorss the world have to approve this acquisition (like EU, Latin America, China among others) which is likely to take 12 to 18 months.

21st Centure Fox’s Star India’s assets have been valued at over $14 billion. Industry analysts maintained that Star India is likely to clock revenues of $1 billion by 2020. Disney’s purchase of 21st Century Fox’s will include entertainment channels, the sports broadcast business, OTT platform Hotstar and Star India’s stake in DTH platform Tata Sky along with Fox Star Studios. Star India reaches to over 700 million viewers a month, with 60 channels in nine languages across India. Its OTT platform Hotstar has 150 million active monthly users.

Write a Reply or Comment

Your email address will not be published. Required fields are marked *

Highlights



Editor’s Note: 44th Toronto International Film Festival Pickle Sept 2019 Edition

The OSCAR RACE begins HERE…

Seven Indian Indie Filmmakers To Watch

Indian Cinema Of Today: A Culturally Responsive Artifact

Indie Resurgence

Indian Films At Toronto a Sparkling Quartet

A Call From Uttarakhand For Filmmakers Of The World

IFFI Matters @ 50

Four Indian Films at the Toronto International Film Festival 2019

India Pavilion at Toronto International Film Market 2019

Made in Afghan Film ‘Hava, Maryam, Ayesha’ To Compete at Venice Festival

Keerthy Suresh: The Mahanati of Mahanati. Best Actress, National Film Award

Uttarakhand Bags National Award for Most Film Friendly State

66th National Film Awards Winners for 2018

Watan Adds Colour to Indian Independence Day

dream hampton and Brie Miranda Bryant to Feature in MIPCOM’S Women in Global Entertainment Lunch 2019

Making a Song and Dance of it

NFDC Invites Applications for Production of Films in Indian Languages; Deadline September 8, 2019

IFFI Calls for Entry for Indian Panorama in 50th Edition

Ease of Filming in India

Come, Film In Inida

Why TikTok wants to invest $1 billion in India?

Priyanka Chopra’s The Sky is Pink Set to Premiere in 2019 Toronto Internaitonal Film Festival’s Gala Section

Gitanjali Rao’s Animation Feature Bombay Rose to open Critics’ Week at Venice International Film Festival

76th Venice International Film Festival to Open With Hirokazu Kore-eda’s ‘The Truth’

Indian Cinema’s Soft Power Misses the Mark in Nirmala Sitharaman’s Maiden Budget Speech

Shahid’s Kabir Singh Becomes Top-Grossing Film of 2019

Finance Minister Proposes FDI Norm Relaxation in Media

Media & Entrtainment as Champion Sector Figures in the Economic Survey 2018-19

Indian Cinema’s Steady Rise on Global Stage

Glimpses of the future

IFFI Marching Towards 50th Edition

India – Revolution Over The Top

Cannes or Netflix? Is Netflix an acceptable remediation for Cannes’ decades-long little regard for Indian Cinema?

Play Small & Live Long Did Wonders for Me

From Rap to Resistance

Over 200 First-Time Exhibitors Join 2019 NAB Show

A Good Show on the Anvil

Shooting Locales in India – Maharashtra

National Film Awards 2017: When Small Scored BIG

Shooting Locales in India – Karnataka

Company



About Us

Contact Us

Connect With Us