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Reliance-Walt Disney's $8.5 billion deal clearance imposes restrictions on ad sales, channel ownership

By Freny Patel ( October 23, 2024, 01:32 GMT | Insight) -- The $8.5 billion mega-merger between Walt Disney Company and the media assets of Reliance Industries was cleared in August with stringent conditions, including restrictions on ad sales and channel ownership, amid concerns over the deal’s impact on India's entertainment- and sports-broadcasting sector. In a detailed order released by the Competition Commission of India late on Tuesday, the regulator outlined the numerous conditions imposed to ensure fair competition in the media and entertainment market, which included a combination of structural and behavioral remedies. The Walt Disney Company’s $8.5 billion mega-merger with the media assets of Reliance Industries was cleared in August with stringent conditions, including restrictions on ad sales and channel ownership, amid concerns over the deal’s impact on India's entertainment- and sports-broadcasting sector....

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