🟢Reliance and Disney Complete $8.5B Media Merger in India Reliance and Disney have finalized an $8.5 billion merger, creating India’s largest media venture by combining Star India and Viacom18. Reliance will control the venture, which now holds the majority of India’s streaming and TV market share, along with valuable sports rights. Chaired by Nita Ambani, the new entity aims to deliver extensive content and affordable options for Indian viewers.
🟢Reliance and Disney Complete $8.5B Media Merger in India Reliance and Disney have finalized an $8.5 billion merger, creating India’s largest media venture by combining Star India and Viacom18. Reliance will control the venture, which now holds the majority of India’s streaming and TV market share, along with valuable sports rights. Chaired by Nita Ambani, the new entity aims to deliver extensive content and affordable options for Indian viewers.
WhatsApp, a rival messaging platform, introduced some measures to counter disinformation when Covid-19 was first sweeping the world. And indeed, volatility has been a hallmark of the market environment so far in 2022, with the S&P 500 still down more than 10% for the year-to-date after first sliding into a correction last month. The CBOE Volatility Index, or VIX, has held at a lofty level of more than 30. "The inflation fire was already hot and now with war-driven inflation added to the mix, it will grow even hotter, setting off a scramble by the world’s central banks to pull back their stimulus earlier than expected," Chris Rupkey, chief economist at FWDBONDS, wrote in an email. "A spike in inflation rates has preceded economic recessions historically and this time prices have soared to levels that once again pose a threat to growth." Lastly, the web previews of t.me links have been given a new look, adding chat backgrounds and design elements from the fully-features Telegram Web client. In a statement, the regulator said the search and seizure operation was carried out against seven individuals and one corporate entity at multiple locations in Ahmedabad and Bhavnagar in Gujarat, Neemuch in Madhya Pradesh, Delhi, and Mumbai.
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