RIL to create India's No 1 OTT & broadcast platform, not keen on Sony deal

MUMBAI: Reliance Industries Limited (RIL) does not seem to be keen on a deal with Sony Pictures for a stake sale and merger in Viacom 18.

As per sources, Mukesh Ambani led RIL is not keen on the Sony conversation.

Sources said digital media and entertainment is an essential pillar of Jio's digital business strategy. Reliance plans to invest aggressively and grow the digital media business.

They added that Reliance wants to retain management control over the digital operations and invest behind creating India's number 1 OTT destination as well as broadcast platform.

Sources revealed that entertainment is central to Jio's FTTH plans in partnership and collaboration with other content and production companies.

"There is a lot of interest from content companies and production houses in partnering with Reliance and Jio, and investors are keen to back such partnerships," they added.

Earlier, there were reports that Sony is likely to own 74 per cent after a merger with Viacom 18.

As per reports, a merger of Sony Pictures Network and Viacom 18 was being discussed.

Viacom 18 is a 51:49 JV between Reliance owned Network 18 and Viacom. There had been a buzz about the deal for some months now.

Like
0
Love
0
Haha
0
Yay
0
Wow
0
Sad
0
Angry
0

About Author

Submitted by TellychakkarTeam on Mon, 10/05/2020 - 17:08

Add new comment

1 + 5 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Tellychakkar Google News Follow
Top Stories

MUMBAI: Salman Khan is undoubtedly the biggest superstar in the country, enjoying a massive fan…

MUMBAI: Aamir Khan, one of the greatest actors in Indian cinema, has delivered some of the most iconic films over…

MUMBAI: 2024 delivered some incredible and entertaining films, but what made them even more…

MUMBAI: Renowned choreographer and filmmaker Remo D’Souza brings a deeply moving story to life with…

MUMBAI: Salman Khan’s dance move and Rashmika’s charm sweeps you away in the latest song teaser of…

MUMBAI: The blockbuster trio of producer Sajid Nadiadwala, superstar Salman Khan, and choreographer…

Recent Stories
Latest Videos