James Murdoch News

European Commission has approved the creation of a joint venture, Star India, by Reliance Industries Ltd (RIL), The Walt Disney Co. (TWDC), and BTS Investment 1, the latter owned by James Murdoch and Uday Shankar. The commission concluded that the transaction would not raise competition concerns, given the joint venture's negligible activities within the European Economic Area and the limited combined market share of the involved companies. The merger between RIL's Viacom18 and Disney's Star India is expected to conclude in early November, following approvals from the Competition Commission of India, the National Company Law Tribunal and the Ministry of Information and Broadcasting. A senior official had earlier told ET that some international clearances were awaited.

The latest filings with the US Securities and Exchange Commission (SEC) revealed that insiders have disposed of more than $100 million worth of Tesla shares since early February, reported ABC News. The selloffs have raised questions about whether the actions are an indicator of bad news to come for the company or merely a normal course of business, according to the report.

A sealed document obtained by The New York Times says a Nevada commissioner has ruled against Rupert Murdoch’s effort to change his family’s trust to give his son Lachlan Murdoch control of his media empire and ensure Fox News maintains its conservativ...

Tesla shareholders are voting to approve a $56 billion pay package for Elon Musk and to move the electric vehicle maker's legal home to Texas, Musk said on social media platform X on Wednesday, adding that passage was by wide margins. A yes vote gives the electric carmaker more ammunition in a Delaware court, where a judge voided the 2018 pay package plan, which at the time was the largest in U.S. corporate history, saying the board was «beholden» to CEO Musk.

They say it’s not in the electric vehicle maker’s best interest.

A London judge says Prince Harry can't expand his privacy lawsuit against The Sun tabloid's publisher to include allegations that Rupert Murdoch and some other executives were part of an effort to conceal and destroy evidence of unlawful information ga...

A group of Tesla shareholders which includes New York City Comptroller Brad Lander is calling for investors to vote against Elon Musk’s $46 billion pay package. The group of shareholders wrote to other Tesla holders arguing that the electric-vehicle maker had governance issues. They said that the company’s board was too close to Musk and had failed to properly evaluate the pay package.

foreign direct investment (FDI) inflow into the information and broadcasting (I&B) sector, including print media, dropped 78% to ₹332 crore during Q3 of FY24 compared with ₹1,535 crore in the corresponding period last year. According to data published by the Department for Promotion of Industry and Internal Trade (DPIIT), the sector received FDI worth ₹6,390 crore in the first nine months of FY24, compared to ₹2,925 crore in the same period in FY23. The FDI inflow into the sector stood at ₹4,893 crore and ₹1,165 crore in Q1 and Q2 of FY24, respectively.

₹4,286 crore), according to a regulatory filing by the US company. Mint was the first to report that Paramount was likely to sell its stake in Viacom18. Reliance currently owns a 57.48% stake in Viacom18, which is a subsidiary of TV18 Broadcast Ltd.

₹70,000 crore) media behemoth with more than 100 linear TV channels, two large streaming services – Disney+Hotstar and JioCinema – and a massive content library. As part of the deal, Disney will transfer all its India assets and employees — except its 30% stake in direct-to-home (DTH) company Tata Play, its consumer products business, and VFX studio Industrial Light & Magic (ILM) — to its wholly owned subsidiary Star India. Viacom18, a Reliance-controlled entity in which Paramount (earlier ViacomCBS) has a minority stake of around 13%, will merge with Star India to form a ₹58,852 crore (pre-money) joint venture.

Anant Ambani and Radhika Merchant as pre-wedding festivities will take place in Jamnagar, Gujarat from March 1 to March 3. The functions are expected to take place in a traditional yet grand way.

BENGALURU (Reuters) — India's Reliance Industries is in talks to buy Disney 's (N:DIS) stake in satellite TV provider Tata Play, the Business Standard newspaper reported on Thursday, as billionaire Mukesh Ambani's firm seeks to bolster its media presence.

Walt Disney Co.’s India unit is being valued at less than half of what it hoped for in a proposed merger with Indian billionaire Mukesh Ambani’s media business, reflecting the struggle global media giants face in one of the world’s fastest-growing entertainment markets. After weeks of negotiations following a non-binding pact with Ambani’s Reliance Industries Ltd. to merge their entertainment business, Disney’s India assets are valued at around $4.5 billion, less than the $10 billion the US entertainment giant has previously pursued, according to people familiar with matter, who asked not to be identified as the discussions are private.

Reliance Industries Ltd-owned production house Jio Studios is looking beyond sister concern JioCinema to stream its movies and web shows after the latter declined much of its content, two people aware of the matter said. Jio Studios has also stopped green-lighting new projects in the backdrop of many completed projects remaining unsold, the people cited above said on condition of anonymity. While Jio Studios claims that streaming all titles on JioCinema was never part of the plan, the people cited above said on condition of anonymity that Uday Shankar, the influential top investor of JioCinema, has refused to screen all titles commissioned by Jio Studios, prompting it to look for outside buyers.

Five days before the worldwide launch of The Fall, writer Michael Wolff’s vicious deconstruction of the Murdoch family and its Fox News machine, Rupert Murdoch stepped down as chairman of both Fox Corporation and News Corp. Wolff claims some credit for that.

₹999 a year, offering only premium English language content behind a paywall, local language programming remains free on the service for now. Last September, the Competition Commission of India (CCI) had approved the amalgamation of Jio Cinema with Viacom18. Further, the company had won the digital rights for the IPL for ₹23,757 crore.

₹1,400 crore in size in 2007, to a Rs20,000 crore entertainment behemoth by 2020-21. In 2018, Walt Disney Company acquired Rupert Murdoch’s 21st Century Fox Inc., making Star India a part of Walt Disney. Shankar quit as the India chairman and president of Asia Pacific for the Walt Disney Company in December 2020.