Jio Disney Hotstar Merger: For the past few months, there was speculation that Disney Hotstar was going to be merged with Reliance. However, no official information was given regarding this. Now news is coming out that the merger of Jio and Disney Hotstar can be approved by the end of this week. According to the information, Nita Ambani can take over as the chairperson of Jiostar.com. Let us tell you all the important information related to Jio Disney Hotstar Merger.
Nita Ambani’s Jiostar.com website launched
Let us tell you that despite all the speculations, Jiostar.com has been launched. However, no information has been given on this website yet. Apart from this, if we talk about stake, Reliance Industries will have 46.82 percent stake, Hotstar will have 36.84 percent stake and Viacom18 will have 16.34 percent stake.
More than 100 TV channels are operated
Let us tell you that Reliance’s Jio Cinema, Viacom18 and Disney + Hotstar operate more than 100 TV channels. Now it is believed that after the merger of Jio and Disney Hotstar, competition on the OTT platform is expected to increase. It is worth noting that Netflix and Amazon Prime are currently very active on the OTT platform and are providing excellent content to their viewers. Now it will be interesting to see whether Jiostar.com will be able to compete with other OTT platforms in the coming time or not.
Why Jio Disney Hotstar Merger approved?
Let us tell you that the objective of Jio Disney Hotstar Merger is to provide movies, TV shows, sports and entertainment to the Indian audience at very low prices at one place. It is known that in the last few years, the demand for OTT platform in India has increased rapidly. Apart from this, it is believed that after the launch of Nita Ambani’s Jiostar.com, it can give tough competition to global giants like Amazon and Netflix. However, it will be interesting to see what kind of reaction comes from the audience after this merger.
