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NCLT admits Viacom18-Disney Star merger scheme

SportzPower Team
May 17, 2024 11:05

The merger scheme between Reliance Industries Limited’s (RIL) Viacom18, its wholly owned subsidiary Digital18 and The Walt Disney Company’s Star India has been admitted by the Mumbai bench of the National Company Law Tribunal (NCLT). In an order passed on May 7, Viacom18, as part of internal restructuring, has proposed to transfer the various businesses conducted by it into its wholly-owned subsidiary, namely Digital18. Viacom18 proposed to be the holding company for the various businesses.

Feb 28, 2019 11:02
PM launches Khelo India app
PM launches Khelo India app
NEW DELHI: Prime Minister Narendra Modi on Wednesday launched the Khelo India Mobile App at the Youth Indian Parliament in Vigyan Bhawan.  The app aims at developing the fitness culture among the general public and helps youth realise their sporting dreams through the help of proper information regarding fitness and different kinds of sports.
Feb 27, 2019 14:02
ESP Properties logo
Cricket to dominate advertisers' preferences in 2019: ESP study
MUMBAI: ESP Properties, GroupM India’s sports and entertainment marketing agency, has released its latest study ‘Top Sports and Entertainment Trends for 2019’. The report highlights that all digital and television consumption records in cricket will be smashed this year courtesy the IPL, World Cup 2019 and the Indian home season.
Feb 27, 2019 13:02
Camp Nou to become 1st European sports stadium with 5G technology
BARCELONA: La Liga champions FC Barcelona will be working alongside its official telecom partners, Telefonica and the Spanish government backed technology park, Mobile World Capital to make Camp Nou the first-ever sports stadium in Europe powered with the 5G network.
Feb 26, 2019 17:02
FB SPN LaLiga Combo logo
No Sony t'cast for season's 2nd El Clasico, to air only on FB
NEW DELHI: In what is being viewed as a tactical strategy, the season's second and last El Clasico, LaLiga's biggest club fixture, will be streamed live and free ONLY on Facebook Watch on Sunday, 3rd March, in the Indian subcontinent.
Feb 26, 2019 11:02
star india logo
Higher programming costs push Star profit down: Report
MUMBAI: Star India booked profit at Rs 2.87 billion during FY18, a 93% drop as compared to the Rs 5.54 billion recording during FY17.  The drop in profits was attributed to higher programming costs, which stood at Rs 48.873 billion during FY18, up from Rs 41.216 billion in the previous fiscal, Tofler reports.
Feb 25, 2019 16:02
Mumbai Indians IPL 2019 team jersey
Mumbai Indians unveil IPL 2019 jersey
MUMBAI: Mumbai Indians have unveiled the team jersey for the 12th edition of the Indian Premier League.  The three-time champions released the new jersey through a video featuring the Pandya brothers, Hardik and Krunal, star pacer Jasprit Bumrah and captain Rohit Sharma.
Feb 25, 2019 12:02
Star refutes report on Hotstar CEO appointment
MUMBAI: Star India has refuted a media report that its digital arm, Novi Digital Entertainment Private Limited, which operates Hotstar, has elevated Varun Narang, head of the product and technology division at India's leading video streaming platform, to replace Ajit Mohan as the company’s CEO.
Feb 23, 2019 14:02
Twitter, NBA veterans help USA’s The Action Network raise $17.5m
LOS ANGELES: The Action Network, a leading sports media company in the United States, that provides in-depth betting content, tools and analytics for sports fans, announced Thursday it has closed on $17.5 million in Series B funding led by Fertitta Capital, a leading private capital firm focused on technology-enabled media and entertainment businesses.
Feb 23, 2019 13:02
DSport to t'cast UK’s WOS Wrestling League in India
MUMBAI: Discovery Communications’ branded sports channel DSport has been confirmed as the official Indian broadcaster of the World of Sport (WOS) Wrestling League, the United Kingdom’s WWE-style competition. DSport will add to its growing list of contact sports competitions such as Bellator MMA in the USA and the Japanese Pro Wrestling League.
Feb 22, 2019 13:02
5G, VR services likely to power sports events by 2020: Study
NEW YORK: Amdocs, a USA software and services provider, has claimed in its new research that 63% of network operators across 31 countries of the world, plan to offer augmented and virtual reality services over 5G in support of sports events, bringing fans closer to the action whether in the stadium or at home.
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