The merger between Reliance Industries (RIL) and The Walt Disney Company's India operations will reportedly conclude on Tuesday, November 12, with the newly formed company beginning operations the following day, on Wednesday.
BestMediaInfo.com, quoting sources, reports that on Sunday, November 10, emails of Star India employees migrated to a new name, jiostar.com, a possible indication that the new entity’s name could be JioStar.
The media platform further reports that the merger’s completion will be officially announced following a board meeting chaired by Nita Ambani on Wednesday.
There have been several leadership changes during the ongoing merger process between the two companies.
Kevin Vaz and Kiran Mani, the current CEOs of Viacom18's broadcast and digital clusters, will become co-CEOs of the merged entity. Vaz, previously with Disney Star, will lead the broadcast and entertainment divisions, while Mani, a former Google executive, will oversee digital and sports.
Post-merger, the conglomerate plans to leverage Disney+ Hotstar as its flagship streaming service, which will once again feature the Indian Premier League (IPL), big-ticket games, domestic cricket, and ICC events.
- Log in to post comments