Disney is in discussions to sell India properties with Adani and Sun TV
By MYBRANDBOOK
According to reports, Disney is in discussions to sell its streaming and television operations in India with billionaires Gautam Adani and Kalanithi Maran, who owns Sun TV Network. As per the report, Disney is looking into a number of options, including the sale of some of its Indian operations or a combination of assets from the division.
The US entertainment giant’s senior executives have also gauged the interest of private equity funds considering the company is exploring a range of options, which could involve selling part of the Indian operations or a combination of the unit’s assets including sports rights and regional streaming service Disney Hotstar.
The asset-sale talks have already been held with billionaire Mukesh Ambani-led Reliance Industries Ltd, according to an earlier report. Disney has been weighing strategic options for its business in India including an outright sale or setting up a joint venture, reported in July after the unit lost its streaming rights to the Indian Premier League cricket tournament to Viacom18 Media Pvt.
The discussions around the sale of Disney’s India unit show how the market dynamics have been disrupted ever since Ambani’s conglomerate scooped up the streaming rights to the Indian Premier League for $2.7 billion and chose to broadcast it for free earlier this year. Reliance scored another win by bagging a multi-year pact to broadcast Warner Bros Discovery Inc.’s HBO and other content that was previously with Disney, as per the report.
Disney is now using Reliance’s playbook and streaming the ongoing Cricket World Cup in India for free — a move aimed at clawing back some subscribers even if it means sacrificing the revenue in the cricket-crazy nation of 1.4 billion people.
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
AGGRESSIVE ELECTRONICS MANUFACTURING SERVICES PVT. LTD.
MICROTEK INTERNATIONAL PVT. LTD.
GLOBUS INFOCOM LTD.
VVDN TECHNOLOGIES
Technology Icons Of India 2023: Shailendra Katyal
Shailendra is instrumental in Lenovo achieving the no.1 position in PC...
Technology Icons Of India 2023: Gautam Adani
Gautam Adani is the Founder and the Chairman of the Adani Group, an In...
Technology Icons Of India 2023: Anil Kumar Aggarwal
Anil Agarwal is an Indian billionaire businessman who is the founder a...
CSCs enabling rural India digitally empowered
Common service centres (CSCs) are digital access points under the Digi...
INDIANOIL helps reach precious petroleum fuels to every nook and corner of the country
IndianOil, a diversified, integrated energy major with presence in alm...
ECIL continues to keep India ahead in the growth of Information Technology and Electronics
ECIL played a very significant role in the training and growth of high...
INGRAM MICRO INDIA PVT. LTD.
Ingram Micro India, a large national distributor offers a comprehensiv...
BEETEL TELETECH LTD.
: Beetel is one of the oldest and most reputed brands in the Industry,...
IVALUE INFOSOLUTIONS PVT. LTD.
: iValue Info Solutions is a value added distributor, provides solutio...