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Disney Star
Disney Star, now JioStar India Private Limited (and formerly Star India), is an Indian media conglomerate joint venture between Disney India, Reliance Industries and the latters subsidiary Viacom18. On 14 November 2024, Viacom18 merged its assets with Disney India's subsidiary Disney Star to form JioStar. The deal, valued at $8.5 billion, involved the investment of ₹11,000 crore (US$1.3 billion) by Reliance Industries, which left Reliance Industries with a total stake of 63.16%, 16.34% directly and 46.82 percent through Viacom18, with Disney India contolling the remaining 36.84%. It is the largest television and entertainment network in India, operating more than 100 TV channels and a major streaming platform called JioHotstar.
Star TV (Satellite Television Asian Region) was founded in 1990 as a joint venture between Hutchison Whampoa and Li Ka-shing. It launched Hollywood English-language entertainment channels for Asian audiences and in India as Star India. Its first five channels included Star Plus (then an English-language entertainment channel), Star Chinese Channel, Prime Sports, MTV Asia (now Channel V) and BBC World Service Television (now simply BBC News).
In 1992, Rupert Murdoch's News Corporation purchased 63.6% of Star India for $525 million, followed by the purchase of the remaining 36.4% on 1 January 1993. Star broadcasting operations were run from Rupert Murdoch's Fox Broadcasting premises. It later launched Star Movies, Channel V, and Star News with a limited Hindi offering, and then Star Plus for Indian viewers.
In 2001, Star India acquired South India based Vijay TV, renaming it Star Vijay. In 2003, Star India's Star News deal with NDTV ended. In the same year, the Indian government introduced a guideline limiting foreign equity in the national news business to 26%. At that time Star India was wholly owned by Hong Kong-based company Satellite Television Asia Region Ltd. As a result, Star India entered into a joint venture with the Anandabazar Patrika group (ABP) to form a new company, Media Content and Communications Services Pvt. Ltd. (MCCS), which took control of Star News' operations. ABP held a 74% majority stake, while Star India reduced its participation with the remaining 26% to comply with the regulations set for the uplinking of news and current affairs channels by the government of India. Star India, subsequently exited from this joint venture in 2012. After the split, the channel was renamed ABP News and operated by the Anandabazar Patrika Group.
In 2004, Star One was launched as a Hindi youth-oriented channel. In 2008, Star Jalsha and Star Pravah, Bengali and Marathi language general entertainment channels respectively, were launched.
In 2009, Star India acquired Kerala-based media conglomerate Asianet Communications, which served Malayalam language content. In August 2009, the Star Group restructured its Asian broadcast businesses into three units – Star India, Star China Media, and Fox International Channels Asia.
In the same year, Star Affiliate and CJ Group of South Korea launched CJ Alive (later known as Shop CJ), a 24-hour Indian television shopping channel that used Star Utsav for hosting the television marketing programs in six-hour slots in its initial stage of launch. Star Affiliate exited the joint venture in May 2014.
News Corporation launched a film production and distribution business in India through Fox Star Studios, an affiliate of Star India in the same year.
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Disney Star
Disney Star, now JioStar India Private Limited (and formerly Star India), is an Indian media conglomerate joint venture between Disney India, Reliance Industries and the latters subsidiary Viacom18. On 14 November 2024, Viacom18 merged its assets with Disney India's subsidiary Disney Star to form JioStar. The deal, valued at $8.5 billion, involved the investment of ₹11,000 crore (US$1.3 billion) by Reliance Industries, which left Reliance Industries with a total stake of 63.16%, 16.34% directly and 46.82 percent through Viacom18, with Disney India contolling the remaining 36.84%. It is the largest television and entertainment network in India, operating more than 100 TV channels and a major streaming platform called JioHotstar.
Star TV (Satellite Television Asian Region) was founded in 1990 as a joint venture between Hutchison Whampoa and Li Ka-shing. It launched Hollywood English-language entertainment channels for Asian audiences and in India as Star India. Its first five channels included Star Plus (then an English-language entertainment channel), Star Chinese Channel, Prime Sports, MTV Asia (now Channel V) and BBC World Service Television (now simply BBC News).
In 1992, Rupert Murdoch's News Corporation purchased 63.6% of Star India for $525 million, followed by the purchase of the remaining 36.4% on 1 January 1993. Star broadcasting operations were run from Rupert Murdoch's Fox Broadcasting premises. It later launched Star Movies, Channel V, and Star News with a limited Hindi offering, and then Star Plus for Indian viewers.
In 2001, Star India acquired South India based Vijay TV, renaming it Star Vijay. In 2003, Star India's Star News deal with NDTV ended. In the same year, the Indian government introduced a guideline limiting foreign equity in the national news business to 26%. At that time Star India was wholly owned by Hong Kong-based company Satellite Television Asia Region Ltd. As a result, Star India entered into a joint venture with the Anandabazar Patrika group (ABP) to form a new company, Media Content and Communications Services Pvt. Ltd. (MCCS), which took control of Star News' operations. ABP held a 74% majority stake, while Star India reduced its participation with the remaining 26% to comply with the regulations set for the uplinking of news and current affairs channels by the government of India. Star India, subsequently exited from this joint venture in 2012. After the split, the channel was renamed ABP News and operated by the Anandabazar Patrika Group.
In 2004, Star One was launched as a Hindi youth-oriented channel. In 2008, Star Jalsha and Star Pravah, Bengali and Marathi language general entertainment channels respectively, were launched.
In 2009, Star India acquired Kerala-based media conglomerate Asianet Communications, which served Malayalam language content. In August 2009, the Star Group restructured its Asian broadcast businesses into three units – Star India, Star China Media, and Fox International Channels Asia.
In the same year, Star Affiliate and CJ Group of South Korea launched CJ Alive (later known as Shop CJ), a 24-hour Indian television shopping channel that used Star Utsav for hosting the television marketing programs in six-hour slots in its initial stage of launch. Star Affiliate exited the joint venture in May 2014.
News Corporation launched a film production and distribution business in India through Fox Star Studios, an affiliate of Star India in the same year.