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.
Films to Watch in 2020
AVGC Can Help Achieve $100 bn Target: K Madhavan
TIFF Reveals Plans for Industry Conference
Films by Shekhar Kapur and Shubham Yogi Selected for Toronto Gala
A Selection to Die for
Le Musk: A Brave New Frontier in Cinema
The Path finder: Jyoti Deshpande
Toonz to Honour Aabid Surti, Biren Ghose at Animation Masters Summit
India is the Country of Honour at Cannes
RAVINDRA VELHAL: DRIVING MEDIA TRANSFORMATION
THE PATH FINDER: JYOTI DESHPANDE
INTO THE WORLD OF RRR
Powerkids Appoints Manoj Mishra as CEO
Toonz Join Tunche Films to Co-Produce Spanish-Peruvian Animation Feature Kayara
National Museum of Indian Cinema Hosts Vintage Vehicles
I&B Secretary promises Govt’s Support to Film industry
Tom Cruise’s ‘Top Gun: Maverick’ to Blaze at Cannes
Illumination’s Minions: The Rise of Gru is the Annecy Festival Opener
Now, Shoot at Sight in India!
Lata Mangeshkar, India’s Singing Goddess
Quantum Image Making Has Arrived
Indian Films To Look Out For In 2022
2022: Centenary of Indian Cinema Legends
Singing Legend Lata Mangeshkar, Nightangale of India, Dies at 92
Write a Reply or Comment