Reliance-Disney Merger Faces Hurdles; Offers To Sell TV Channels

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Merger Overview

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CCI's Concern

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Regional Dominance

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Cricket Rights Resistance

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CCI's Review of Cricket Rights

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Market Impact

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Reliance-Disney Merger: Companies Willing To Offload Regional Channels To Get CCI Nod

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Reliance-Disney Merger Faces Hurdles; Offers To Sell TV Channels

Merger Overview

Reliance-owned Viacom18 and Star India propose to offload some TV channels to gain antitrust approval for their $8.5 billion merger.

CCI's Concern

The companies are willing to sell fewer than 10 channels to address the Competition Commission of India's (CCI) concerns.

Regional Dominance

The channels likely belong to regional Indian language portfolios, where the combined entity may dominate.

Cricket Rights Resistance

Despite the channel offer, Reliance and Disney resist changes to their cricket broadcast rights, a key concern.

CCI's Review of Cricket Rights

The CCI has not raised concerns about cricket rights yet, as the companies argue these contracts can't be sold before 2027-2028.

Market Impact

The merged entity would control both TV and digital rights for major cricket events, boosting their market share significantly.

Reliance-Disney Merger: Companies Willing To Offload Regional Channels To Get CCI Nod