Media

British media group The Independent to acquire BuzzFeed’s UK operations

03 Apr 2024

British newspaper group The Independent is acquiring US-based online media BuzzFeed's operations in the UK and Ireland in a multi-year licensing deal, the companies announced on Thursday.

UK weighs changes in law to prevent takeover of the Telegraph by UAE-backed group

12 Mar 2024

The British government is reported to be weighing legislative remedies to the possible takeover of the Telegraph Media Group by UAE-backed investor RedBird IMI, amidst political and professional opposition to the change of guard.

RIL to acquire 61% stake in Walt Disney India: report

28 Feb 2024

Walt Disney is reported to have agreed to sell 61 per cent of its India business to Viacom 18, the media arm of Reliance Industries Ltd, in what is seen as a major development in the Indian media and entertainment industry.

Amazon to cut jobs in Prime Video and Studio Operations

11 Jan 2024

In a significant move, Amazon.com has announced plans to lay off several hundred employees in its streaming and studio operations.

Reliance and Disney initiate antitrust diligence for merger in India

04 Jan 2024

Indian business tycoon Mukesh Ambani’s Reliance Industries and global entertainment giant Walt Disney have taken decisive steps towards their proposed merger with the Indian media and entertainment sector.

Disney secures support from activist investor ValueAct Capital

04 Jan 2024

In a significant development, The Walt Disney Company has garnered support from ValueAct Capital, a notable activist hedge fund. This backing comes amid board challenges posed by billionaire financier Nelson Peltz.

Reliance, Disney to consolidate media operations in India

26 Dec 2023

Reliance Industries is reported to have signed a non-binding agreement with Walt Disney Company for merger of their media operations in India.

Warner Bros. Discovery CEO explores potential deal with Paramount Global

21 Dec 2023

In a strategic move within the entertainment industry, Warner Bros. Discovery CEO David Zaslav recently engaged in talks with Paramount Global CEO Bob Bakish.

Adani takes control of news agency IANS with 50.5% stake

16 Dec 2023

Adani Group firm AMG Media Networks has acquired a 50.50 per cent stake in news agency Indo-Asian News Service Pvt Ltd (IANS), expanding the group’s presence in the media sector.

700 Washington Post employees walk out over contract and layoff concerns

07 Dec 2023

In an unprecedented move, approximately 700 employees of The Washington Post walked off the job for 24 hours on Thursday, 7 December, 2023.

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