Fair-trade regulator Competition Commission of India (CCI) has given its approval to the merger of Jio Cinema OTT with Viacom18 Media. Reliance Industries Ltd (RIL) and Viacom18 partnered with Bodhi Tree Systems in April 2022. Bodhi Tree will invest Rs 13,500 crore in Viacom18. Reliance Projects & Property Management Services will invest Rs 1,645 crores in the broadcaster as part of the tripartite partnership, to form one of the largest TV and digital streaming firms in India.
- Reliance’s popular Jio Cinema OTT app will be transferred to Viacom18 under the partnership.
Bodhi Tree Systems (BTS)
- It is an investment venture firm of James Murdoch’s Lupa Systems and ex-chairman of Star and Disney India Uday Shankar.
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