🟢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.
The Russian invasion of Ukraine has been a driving force in markets for the past few weeks. What distinguishes the app from competitors is its use of what's known as channels: Public or private feeds of photos and videos that can be set up by one person or an organization. The channels have become popular with on-the-ground journalists, aid workers and Ukrainian President Volodymyr Zelenskyy, who broadcasts on a Telegram channel. The channels can be followed by an unlimited number of people. Unlike Facebook, Twitter and other popular social networks, there is no advertising on Telegram and the flow of information is not driven by an algorithm. Emerson Brooking, a disinformation expert at the Atlantic Council's Digital Forensic Research Lab, said: "Back in the Wild West period of content moderation, like 2014 or 2015, maybe they could have gotten away with it, but it stands in marked contrast with how other companies run themselves today." For Oleksandra Tsekhanovska, head of the Hybrid Warfare Analytical Group at the Kyiv-based Ukraine Crisis Media Center, the effects are both near- and far-reaching. The picture was mixed overseas. Hong Kong’s Hang Seng Index fell 1.6%, under pressure from U.S. regulatory scrutiny on New York-listed Chinese companies. Stocks were more buoyant in Europe, where Frankfurt’s DAX surged 1.4%.
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