News Formal

James Murdoch, Uday Shankar lead $1.8 billion investment in India's Viacom18

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

NEW DELHI : An investment company set up by Rupert Murdoch's son James and former Disney India executive Uday Shankar said on Wednesday it will invest $1.8 billion in Reliance Industries' broadcasting business Viacom18.Bodhi Tree Systems, a venture between James Murdoch's Lupa Systems and Shankar, is lead

NEW DELHI : An investment company set up by Rupert Murdoch's son James and former Disney India executive Uday Shankar said on Wednesday it will invest $1.8 billion in Reliance Industries' broadcasting business Viacom18.

Reliance chairman Mukesh Ambani said the partnership will help"India’s transition to a streaming-first media market". Reliance held a 51 per cent stake in Viacom18, with ViacomCBS, which recently changed its name to Paramount Global, holding the rest. As well as streaming platform"VOOT", Viacom18 runs several TV channels in India, including Nickelodeon and Comedy Central.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Forget New York, Dubai, or Singapore—London attracts more foreign investment in finance than any other cityLondon attracted more foreign investment in finance last year than any other city in the world.
Source: YahooSG - 🏆 3. / 71 Read more »