"This won't be a cash deal. A spokeswoman for Viacom18 declined to comment on whether any talks were under way. At its peak, the Network18 Group has included media and internet-based media outlets such as in.com, IBNlive.com, The Network 18 Group announced a restructuring plan to create a two listed entity structure for the group in July 2010. A spokesman at Reliance did not respond to a request for comment. The entertainment powerhouse continues to be bolstered by Viacom’s global expertise in content creation and curation, along with Network18 group and affiliates’ strength across the media & telecom value-chain,” said Adil Zainulbhai, Chairman – Network18.“Viacom 18 is one of the fastest growing companies in India’s dynamic media and technology sector and, as a result of this transaction, we believe it will be even better-positioned for accelerated growth through closer integration and alignment with the Network 18 Group and its affiliates,” said David Lynn, CEO – Viacom International Media Networks. NEW DELHI (Reuters) - U.S. video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries' media …
The company is a joint venture of between Reliance’s TV18 and global entertainment giant Viacom Inc with 51% and 49% stakes respectively.
In 2019, its digital unit partnered with Netflix for three Hindi-language shows, but two of the sources said the current discussions were about a much bigger tie-up over several years. The … An executive at Viacom18, on condition of anonymity, said that the step was a big deal for Mukesh Ambani’s Reliance Industries Ltd (RIL), which owns TV18.
Moreover, it will also serve over 1 Mn broadband internet subscribers across the country.Besides the Network18 group, RIL also has a 51% stake in Viacom 18, which is a joint venture of Viacom and Network 18. Netflix's Indian roster includes blockbuster originals such as "Sacred Games", a crime thriller set in Mumbai and starring some of Bollywood's biggest names.
The two companies will begin working together only by the end of 2021.
Viacom18 today has 44 television channels across 80 countries in 6 different languages, and straddles broadcast, digital, films, merchandise and live events. Network18 Media & Investments Limited, informally referred to as the Network18 Group, is an Indian media and communications company that is majority owned by Reliance Industries. U.S. video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries’ media unit Network18, about a multi-year partnership to … U.S. video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries' media unit Network18, about a multi-year partnership to … Further, Hathway and Den shareholders will get 78 and 191 shares of Network18 for every 100 shares, respectively.Post-restructuring Network18 will join the leagues of Zee Group and Sun TV Network which are essentially media companies but also operate other digital businesses such as ISPs and cable businesses.In a statement, Network18 said that the restructuring will result in the integration of value-chain and bring in substantial economies of scale. Viacom18 licences content to several platforms, including Amazon. "This is a bigger version of the 2019 deal in essence," said the first source. Revenues last year were $477 million (Rs. Ltd. is one of India's fastest growing entertainment networks and a house of iconic brands that offers multi-platform, multi-generational and multi-cultural brand experiences. Viacom18 Media Pvt. TV18, the Mukesh Ambani-controlled media group, is to take operational and economic control of Viacom18, its Indian TV joint venture with U.S. media conglomerate Viacom. It has forced mergers among cellular phone operators, caused consolidation in pay-TV, and opened the door to OTT services such as Amazon and Netflix.When the joint venture was hatched in 2007, it had three channels– MTV, Nickelodeon and Vh1.