Business News | CCI Approves Merger of Jio Cinema OTT with Viacom 18 Media
Get latest articles and stories on Business at LatestLY. The Competition Commission of India (CCI) has approved the amalgamation of the over-the-top platforms Jio Cinema with Viacom 18 Media.
New Delhi [India], September 22 (ANI): The Competition Commission of India (CCI) has approved the amalgamation of the over-the-top platforms Jio Cinema with Viacom 18 Media.
This nod by the national competition regulator follows an investment by BTS Investment 1 Pte. Ltd. (BTS1) and Reliance Projects and Property Management Services Limited (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.
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RPPMSL, a wholly owned subsidiary of Reliance Industries, 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.
Viacom 18 is engaged in providing broadcasting of channels across genres, OTT video streaming through Voot and Voot Kids, production and distribution of feature films, production and licensing of digital content and other allied businesses. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)