Reliance IP legal team contacted us: The tussle for JioHotstar website ends with ‘Goodbye and …’

Reliance Industries (recently announced that the merger between Viacom18 Media Private Limited, JioCinema, and The Walt Disney Company’s Star India Private Limited (SIPL) has been completed. The transaction values the joint venture (JV) at Rs 70,352 crore ($ 8.5 billion) on a post-money basis. At the closing of the transaction, the JV is controlled by RIL, with ownership stakes of 16.34% for RIL, 46.82% for Viacom18, and 36.84% for Disney. The JV will be managed by three CEOs overseeing different segments: Kevin Vaz for entertainment, Kiran Mani for digital, and Sanjog Gupta for sports.