![]() ![]() The Wednesday’s announcement comes at a time when India’s entertainment and sports broadcasters industry is going through a consolidation. Paramount Global, formerly known as ViacomCBS, will continue to be a shareholder and supply its large catalog of global content to Viacom18. Reliance Projects and Property Management Services, a wholly owned subsidiary of Reliance Industries, is additionally investing $216 million in Viacom18, it said. ![]() The collaboration will also see JioCinema, an on-demand video streaming service owned by Reliance, transferred to Viacom18, the firms said. The Indian conglomerate Reliance and Viacom18 have inked a strategic partnership with Bodhi Tree, an “investment platform” run by James Murdoch’s Lupa Systems and former Disney executive Uday Shankar, in a push to turn the Ambani-backed network, which operates over three dozen television channels in nine languages and streaming services, into “one of the largest TV and digital streaming companies” in the world’s second-largest internet market.īodhi Tree is investing $1.78 billion in Viacom18, which also counts Paramount Global among its backers, as part of the partnership, the companies said Wednesday. ![]()
0 Comments
Leave a Reply. |