Merger of Disney Hotstar and jio Cinema in danger...?
The big $8.5 billion deal between reliance Industries and Walt Disney seems to be falling apart. The Competition Commission of india (CCI) has raised questions on this deal. CCI believes that the merger of Disney Hotstar and JioCinema will not leave competition in the market. CCI has conveyed its opinion to both the companies.
There will be no competition for cricket broadcast rights
Citing sources, Reuters claimed in its report on tuesday that the initial assessment of the Competition Commission of india has found that this merger will not leave competition for cricket broadcast rights. cricket broadcasting has been considered the biggest issue by the CCI. However, reliance, Disney and CCI have refused to say anything about this at the moment.
After the merger, the ownership of the company will go to mukesh Ambani. After the merger, the ownership of the company will go to reliance owned by mukesh Ambani. Due to this, there will be no one left to challenge them on the rights of billions of dollars of cricket broadcasting. reliance will decide the prices according to its own and it will also have control over the advertising rates. This merger was announced in February. Experts had earlier also expressed concern about this deal.
There was a plan to merge Disney Hotstar with jio Cinema
After the merger, the country's largest entertainment company was going to be born. Only Sony, Zee Entertainment, Netflix and amazon Prime would have remained in its competition. A day earlier, media reports claimed that Reliance has planned to merge Disney Hotstar with jio Cinema. They do not want to run two streaming apps. However, now if CCI takes this decision, then all the plans of the company may go awry.
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