On 25 August, the Competition Commission of India (CCI) approved the Walt Disney Company’s proposed acquisition of UTV Software Communications. J Sagar Associates and Dhall Law Chambers assisted Disney with its pre-merger notification after analysing the relevant markets in which both Disney and UTV have a presence.
Although both companies are active in the Indian media and entertainment industry, the CCI was convinced that Disney’s acquisition would not have an appreciable adverse effect on competition in the industry. Disney has made its mark in India with children’s programming and English films. UTV has built up a strong reputation through its Indian films and TV channels.
India has witnessed the formation of several cross-border media partnerships with media and entertainment conglomerates in recent years. Between 2006 and 2008, Viacom, NBC Universal and Disney bought stakes in Network 18 Group, NDTV and UTV, respectively.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.