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CCI approves amalgamation of Jio Cinema OTT platform with Viacom 18 Media Private Limited

Newdelhi:22/9/22:The Competition Commission of India (CCI) approves the amalgamation of the Jio Cinema OTT platform with Viacom 18 Media Private Limited (Viacom18), following an investment by BTS Investment 1 Pte. Ltd. (BTS1) and Reliance Projects & Property Management Services Limited (RPPMSL).

The Proposed Combination involves the amalgamation of the Jio Cinema OTT platform with Viacom 18, following an investment by BTS1 and RPPMSL.

BTS1 is a company incorporated under the laws of Singapore. It is currently in the process of raising capital from various investors including sovereign funds, multinationals, and global institutional investors.

RPPMSL, a wholly owned subsidiary of Reliance Industries Limited, is engaged in the provision of IT support services, business and infrastructure support services, manpower support services and erection and commissioning of telecom facilities. RPPMSL is also presently engaged in the business of owning and operating the Jio Cinema OTT platform.

RSL is presently not engaged in any business activities.

Viacom 18 is engaged in providing the following services in the media and entertainment sector in India: (a) broadcasting of channels across genres, (b) OTT video streaming through Voot and Voot Kids, (c) production and distribution of feature films, (d) production and licensing of digital content, and (e) other allied businesses.

 

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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