Development Alert: Disney Star And Reliance Are Merging To Form A Media Powerhouse, Might Lead To The Merger Of JioCinema And Disney+ Hotstar

Disney has taken another big step toward realigning its India strategy. The company has signed a non-binding term sheet with Reliance Industries that would see the two merge their Indian operations, the completion of which would create one of India’s biggest entertainment empires. 

Under the terms, Indian billionaire Mukesh Ambani’s Reliance group would own 51% of the merged entity through a combination of shares and cash. Disney would hold the remaining 49% of shares.

The term sheet was finalized at a meeting last week in London that saw Bob Iger advisor Kevin Mayer representing Disney and Ambani advisor Manoj Modi there for Reliance. According to the Economic Times, the duo has been working for months on terms.

The merger deal is expected to be completed by February, even though Reliance is said to be hoping to wrap it up in late January.

Iger, who has cut thousands of jobs this year and faces pressure from activist investor Nelson Peltz, said on last month’s earnings call that Disney would like to stay in India, but try and “strengthen our hand, improve the bottom line.”

Hotstar, the streaming outlet initially launched by Star India, came under Disney’s control as part of the $71.3 billion acquisition of 21st Century Fox assets in 2019. Disney has used the Star assets in various ways to help attain its goal of 300 million to 350 million overall streaming subscribers by 2024. 

Recap To The Month: Byron Allen Offers To Buy BET From Paramount Global For $3.5 Billion

Allen, who is founder and CEO of Allen Media Group, emailed Paramount Global senior executives and board, offering $3.5 billion for BET Media Group, which includes the BET cable channel, VH1, BET Studios and streaming service BET+, sources familiar with the situation confirmed to Variety. That’s up from $2.7 billion that Allen had offered earlier in 2023.

Reps for Paramount Global and Allen Media Group declined to comment. Bloomberg first reported on Allen’s renewed offer for BET. Other potential buyers of BET Media Group include BET CEO Scott Mills, a 26-year veteran of the company, and Chinh Chu, a former executive at private-equity firm Blackstone executive who runs CC Capital Partners, who have discussed a price tag of under $2 billion, Bloomberg reported.

In the email to Paramount brass, Allen wrote, “You are pursuing an inside sale at a below-market price with management that will not yield the highest price for the stockholders. We believe it would be an egregious breach of fiduciary duty by the Paramount Global management team and board of directors if BET is sold for anything less than the highest price, particularly, in order to provide a sweetheart deal to an insider at the expense of public shareholders.”

Earlier this year, Paramount Global had been exploring the sale of a majority stake in BET Media Group, with bidders said to include Allen, Tyler Perry and Sean “Diddy” Combs. In August, Paramount called off the bidding process for BET because “a sale wouldn’t result in any meaningful deleveraging of its balance sheet,” the Wall Street Journal reported.

The renewed interest in a deal for BET comes amid talks between Warner Bros. Discovery and Paramount Global about a potential merger. Meanwhile, Shari Redstone, whose National Amusements owns a controlling stake in Paramount Global, has been in talks to sell her shares in NAI, according to multiple reports.

A deal for BET Media Group would dramatically expand Allen’s media empire. Allen Media Group, which encompasses Entertainment Studios (founded 30 years ago as CF Entertainment), owns 12 cable networks, including the Weather Channel, JusticeCentral.TV, Cars.TV and Pets.TV, a theatrical movie distribution company and a stable of 28 broadcast stations affiliated with the Big Four broadcast networks (ABC, CBS, Fox and NBC). Allen Media Group also produces, distributes, and sells advertising for 73 television shows, making it one of the largest independent producers/distributors of first-run syndicated TV programming for broadcast stations. The company has nearly 2,300 employees.

Recap To The Week: eMedia Investments Acquired Broadcasting Rights To The Supernatural Drama Salt Of Love (Namak Issk Ka), Folded Under Naagin On eExtra

During the week, eMedia Investments welcomed another supernatural drama in place of Naagin without any prior notice to the media. The show in question is actually referred to as Namak Issk Ka (Salt Of Love) but on eExtra's programme guide it's listed as Naagin. 

Namak Issk Ka revolves around an item girl named Kahani Verma who goes by the name of Chamcham Rani and a rich businessman, Yug Pratap Rajput, who are childhood friends who became separated in an accident. Yug and Kahani meet after 15 years. This is when Yug learns that Kahani is an item girl.

Produced by Gul Khan and Deepti Kalwani under 4 Lions Films, it starred Shruti Sharma as Kahani Yug Pratap Rajput, Aditya Ojha as Yug Pratap Rajput and Antara Biswas as Iravati Verma in leading roles.

Similar to Naagin, this show was also broadcast on Colors TV and consists of 187 episodes each with a duration of 22 minutes. But questions amount to the sudden removal of Naagin could it be possible that eExtra is missing episodes or there was some error with their distributors.

Namak Issk Ka was broadcast on Christmas Day on eExtra or at least from a viewer's word. This isn't the first time a channel pulled a switcheroo during the year another instance was with Crown Of Tears and If They Let Us on TLNovelas and eVOD with Wie Laaste Lag and Annekan Die Swa Kry.

News Shorts: WaterBear Extends Its To Da Vinci With A Slate Of New Content, Danger Force To End With 3 Seasons On Nickelodeon And OUTtv Greenlights New Reality Series Looking For A Third

Waterbear Network on Da Vinci

WaterBear Network, the eco-streamer. has announced a partnership with Da Vinci, the home of inspiring and educational TV for families and children. Effective immediately, WaterBear Original content will take the spotlight on Da Vinci’s FAST Channel, reaching audiences in the US, UK and Ireland.

This 12-month collaboration revolves around the theme of ‘Positive Solutions for our Changing World’, delving into narratives of sustainability, community action, conservation, and wildlife preservation. The programme lineup features WaterBear’s original documentaries and films, including Extract Destroy Repeat, an animation that delves into the depths of deep-sea mining, The Whale Who Saved Me, a story recounting whale biologist Nan Hauser’s extraordinary encounter, and Wildlife Warriors, an exploration of the lives of female conservationists.

The launch on this flagship channel, home to the popular Becoming Xtraordinary series with Bear Grylls, further cements WaterBear Network’s commitment to offering unlimited access to purpose-driven content to a growing ecosystem of consumers.

Danger Force cancelled on Nickelodeon

During the NFL NickMas Game, it was revealed by one of the commentators that Danger Force would end with after 3 seasons. With the remaining episodes to the current slated for January 2024 in the USA thus bringing the end of Schneiderverse on Nickelodeon.

Although, Danger Force had been scrapped on Nickelodeon the Dangerverse is currently in production of a Henry Danger film for Paramount+ with Jace Norman set to reprise his role. It is being developed under Nickelodeon and Norman's production company, Starlight.

In other developments, Netflix acquired distribution rights to the upcoming film for The Casagrandes. With the animated series ending on a cliffhanger, it had been confirmed that film would serve as the season finale of course Nickelodeon is depriving linear audiences from seeing it.

Tiffany ‘New York’ Pollard to host a new series

The LGBTQ+ network has ordered has the eight-part dating competition series, which is from Daddy TV, the producing team behind Stormy Daniels series For The Love of DILFs. Production will begin next summer and is slated for release in late 2024 on OUTtv.

Set in a modern villa, Looking For a Third will feature one gay couple and one lesbian couple, each searching for a third partner to add to their relationship among a group of singles.

Pollard, a seminal figure in Black reality TV, will host and is an executive producer. She was first seen in Flavor of Love back in 2006 on VH1 before landing her own spin-off, I Love New York. She also made a popular appearance on Big Brother in the UK, where she was at the center of an iconic moment in which she mistakenly told fellow housemates David Gest had died.

News Shorts: People's Weather Extends The Reach Of WildEarth To DStv Easyview And Openview Consumers With Dr. Mark And Siyaya Come Wild With Us Added To The Line-up And More Rebroadcasts Of Court Program Case Closed Surfaces On Telemundo Across Africa

WildEarth makes a landing on Openview

A few months ago, MultiChoice extended the reach of WildEarth to DStv Access after being made exclusive to Family consumers going up when it launched in 2020. It broadcasts live and interactive virtual safaris from some of Africa’s most iconic wildlife destinations.

SafariLIVE serves as one of their flagship shows (or blocks) after being broadcast on National Geographic and SABC 3. It had reported earlier in the month that People's Weather will air a live broadcast from 5AM to 8AM daily thus extending its reach to the Openview platform.

People's Weather adds two kids shows to the line-up

Siyaya - Come Wild With Us follows fast-paced adventures to fascinating places in and around South Africa's national parks with a zany professor who always takes a group of children exploring through each destination. Currently viewed on Mindset Learn and SABC 2, It airs daily at 16:00.

Dr. Mark is Africa's first wildlife show for kids which follows a qualified wildlife vet, spend each episode educating kids about a different animal relevant to the African continent. It airs daily at 16:30 right after the above-mentioned program.

Telemundo hits a new low

During the week, it was learnt that the anthology series Decisions would make a comeback to Telemundo in the new year to viewer's dismay. Now, the channel is set to allocate more airtime to Case Closed which will come in place of 100 Days To Fall In Love.

Basically, Cennet: The Power Of Destiny will be the only primetime show for 15 days into the new year. That is until Game Of Lies debuts in the timeslot of Decisions and Lord Of The Skies and interesting enough Cennet ends in Valentine's Day almost as if this was planned.