Mumbai: In a notification Viacom18 has said that pursuant to the terms of the merger that had been sanctioned by the National Company Law Tribunal (NCLT) Reliance Industries will assume control of Star India both directly and through its interest in Viacom18. The media operations of Viacom18 and JioCinema will be transferred to and vested in Star India.
So all agreements, purchase orders and binding legal contracts of the media operations of Viacom18 and JioCinema will be assigned automatically to Star India upon the effectiveness of the merger between Disney Star India and Viacom18.
The terms of the agreement and services being provided to partners like advertisers will not be changed. Star India will honour all commitments that have been made from the effective date of the merger..
In August after the CCI gave its approval, the Mumbai bench of the NCLT had cleared the merger between Viacom18 and Disney-Star India.
