[3] It is the largest television and entertainment network in India, operating more than 100 TV channels and a major streaming platform called JioHotstar.
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.
[13][14] In 2009, Star India acquired Kerala-based media conglomerate Asianet Communications, which served Malayalam language content.
Valued at ₹3,851 crore (equivalent to ₹73 billion or US$840 million in 2023), the agreement included rights to India national cricket team home matches on television and mobile streaming, as well as domestic tournaments such as the Ranji Trophy and Irani Cup.
[19][20] In February 2015, Star India launched its streaming service, Hotstar, a mobile and online entertainment OTT platform that features content in 9 Indian languages and broadcasts sporting events.
The programme starred Bollywood actor Shah Rukh Khan and featured newer TED talks made in Hindi language.
The programme followed the signature TED format of prominent speakers voicing their opinions in an 18-minute or less monologue in front of a live audience.
[27] On 5 September 2017, Star India won the global media rights to broadcast the Indian Premier League (IPL) under a five-year deal beginning in the 2018 tournament, and valued at 163.475 billion.
[48] In July 2023, The Walt Disney Company began exploring strategic options, including a sale or formation of a joint venture, for their businesses in India.
[49] Between September and October 2023, the company held preliminary talks with Reliance Industries, billionaire Gautam Adani and Kalanithi Maran, owner of the Sun Group, for a potential sale of its streaming and linear television assets.
For purposes of the merger, a subsidiary of Viacom18 was created to absorb Disney Star through a stock swap,[53] pending ratification and regulatory approval.
[54][55][56][57] In February 2024, Disney and Reliance reached a deal to merge their streaming and television assets, with the joint venture valued at $8.5 billion including synergies.
As part of the deal, Viacom18 would be merged into Disney Star with Disney holding a 36.84% stake in the combined entity, which would bring together assets such as linear television entertainment channels StarPlus, Colors TV and the Star Gold Network, sports channels Star Sports and Sports18 and the streaming services JioCinema and Disney+ Hotstar with Nita Ambani serving as the chairperson of the joint venture, with Uday Shankar serving as vice chairperson with the deal giving 16.34% to Reliance and 46.82% to Viacom18, with the deal being expected to close sometime in late 2024 or early 2025 pending regulatory approval.
[61] In August 2024, the National Company Law Tribunal approved a deal between Disney and Reliance Industries where JioCinema and Viacom18 would be merged into Digital18.