Reliance Industries secures Centre’s approval for transfer of channels

On Saturday, the Ministry of Information and Broadcasting granted Reliance Industries Limited (RIL) approval for the transfer of licenses for non-news and current affairs TV channels. As a result, the channels owned by Viacom 18 Media Pvt Ltd will be transferred to Star India Private Limited. This merger will proceed under the stipulations set forth by the Competition Commission of India (CCI).

This decision is part of a strategic joint venture between Reliance Industries Ltd and Disney. RIL mentioned that the government’s approval was given through an order dated September 27, 2024, following a media release titled “Reliance and Disney Announce Strategic Joint Venture to Bring Together the Most Compelling and Engaging Entertainment Brands in India,” originally issued on February 28, 2024.