Reliance Industries

Viacom pays $153m for Indian nets stake

Viacom has paid 9.4 billion rupees (US$153 million) for a 50% stake in Indian regional entertainment channels operator Prism TV. Prism owns a bouquet of networks comprising ETV Marathi, ETV Kannada, ETV Bangla, ETV Oriya and ETV Gujarati. These were recently rebranded under the COLORS umbrella, the Hindi entertainment brand that Viacom jointly owns with […]

Reliance to buy Network18 for $680m

Indian corporate giant Reliance Industries is to acquire a majority stake in major local broadcaster Network18. Neywork18 operates news and entertainment channels across India as its core business. Reliance said its board had agreed to fund a 40 billion rupee (US$680 million) takeover. The deal will see Reliance take over 78% of Network18 and 9% […]