Disney-Reliance merger set to shake up India’s media landscape
:India’s high conglomerate, Reliance Industries, and Walt Disney on Wednesday announced the merger of their Indian TV and streaming media resources, creating an $8.5 billion entertainment juggernaut on this planet’s most populous nation.
The merged entity would possibly well contain 120 TV channels and two streaming platforms, and is made up our minds to mission competitors corresponding to Japan’s Sony and Netflix in a $28 billion media and entertainment sector location to be price $100 billion by the terminate of the decade.
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Here is a listing of the opposite gamers in India and the sectors they dominate:
ZEE ENTERTAINMENT
Surely one of the most oldest media companies in India, Zee’s companies consist of television broadcasting, video streaming and picture production. Its home broadcast portfolio contains round forty eight TV channels as correctly as a streaming platform.
Japan’s Sony Community in January pulled the jog on a $10 billion merger fashion out Zee that had been within the works for 2 years, citing unresolved “closing stipulations” and management disputes.
SONY INDIA
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In its twenty ninth 365 days of operation, Sony Pictures Networks India, Sony Community’s subsidiary, operates 26 channels ranging from total entertainment to sports actions and flicks.
It says its whine reaches as many as 700 million viewers in India and is on hand in 167 worldwide locations.
Sony also operates the video streaming platform Sony LIV in India.
NETFLIX
The streaming enormous Netflix views India as a key market. In a most up-to-date consult with to India, Netflix Co-CEO Ted Sarandos became quoted as saying that he sees its Indian subscriber adversarial rising to 100 million over time, from round 10 million now.
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AMAZON PRIME
Amazon Top Video is estimated to contain about 20 million customers in India. Its Indian aggregation provider, Channels, presents subscriptions to other world and native video streaming services and products.
BENNETT COLEMAN AND COMPANY
Essentially based utterly in Mumbai and established in 1913, the firm produces its flagship Instances of India newspaper and owns a host of resources in broadcasting, publishing, radio, movie and entertainment.
SUN TV NETWORK
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Dominant in south India, Solar TV operates 35 TV channels in six languages, along with 69 FM radio stations and three each day newspapers.
Source: Reuters
