InvestorQ : What is the latest plan of the Reliance Group on the media merger that it is planning for its business?
Juvina Maggie made post

What is the latest plan of the Reliance Group on the media merger that it is planning for its business?

Answer
image
Angel dcosta answered.
1 year ago
Follow

RIL is looking to gradually consolidate and streamline its media assets. Reliance Industries now plans to merge its media and distribution business under Network 18 umbrella, which it had acquired from Raghav Bahl. This will include a scheme of arrangement between TV 18 Broadcast, Hathaway Cable & Datacom and DEN Networks and they will all merge into Network 18. The purpose of this move is to bring about greater synergy between content and distribution so as to create a media offering that is agnostic to the platform it is distributed across. RIL is already the largest telecom and also growing at the fastest clip. RIL plans to leverage the content and distribution strengths to create the perfect ecosystem riding on its robust telecom and broadband networks. It remains to be seen how successful this integration turns out to be.

8 Views