STAR India

Disney Star (also known as JioStar), registered as JioStar India Private Limited, is an Indian media conglomerate joint venture owned with a share of 16.34% by Reliance Industries, 46.82% by Viacom18 and 36.84% by Disney India. On 14 November 2024, it merged its assets with the assets of Viacom18 to form JioStar. It is the largest television and entertainment network in India, operating more than 100 TV channels and a major streaming platform called JioHotstar.

History

Founding and early years (1990–2000)

Disney Star was founded as Star TV (Satellite Television Asian Region) in 1990 as a joint venture between Hutchison Whampoa and Li Ka-shing. It launched Hollywood English-language entertainment channels for Asian audiences. 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.

2001–2017

In 2001, Star India acquired South India based Vijay TV. 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 Anandabazar Patrika Group.

In 2004, Star One was launched a Hindi youth-oriented channel. In 2008, Star Jalsha, a Bengali-language entertainment channel and Star Pravah, a Marathi-language entertainment channel was 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 India, an affiliate of Star India in the same year.

In April 2012, Star India won the rights to Board of Control for Cricket in India (BCCI) through 2018, replacing Nimbus Communications. Valued at , 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.

On 6 November 2013, Star India rebranded its Star Sports channels, renaming the main Star Sports channel to Star Sports 1, Star Cricket to Hindi-language Star Sports 3, ESPN to Tamil-language Star Sports 4, and Star Cricket HD and ESPN HD to Star Sports HD1 and HD2.

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. Star also acquired the broadcast businesses of Maa Television Pvt. Ltd to boost its presence in Telugu-speaking markets.

In February 2017, Star India and global media conglomerate TED announced a new TV series, TED Talks India – Nayi Soch. 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.

On 28 August 2017, Star India rebranded its Hindi entertainment channel Life OK to Star Bharat.

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. Beating previous rightsholder Sony, the contract included domestic rights for Star Sports, and digital rights for Hotstar.

On 14 December 2017, The Walt Disney Company announced their intent to acquire Star India's parent company 21st Century Fox for billion.

2018–2022

In 2018, Star India renewed its BCCI rights through March 2023, in a contract valued at .

On 13 December 2018, Disney announced Uday Shankar who serves as chairman of Star India would lead Disney's Asian operations and would become the new chairman of Disney India, which became a wholly owned subsidiary of the Walt Disney Company, being re-organized under Disney India. On 27 August 2018, the channel Star Life was launched in Africa in English language offering the English dubbed Indian Hindi series from the Indian star channels.

On 4 January 2019, Star TV shut down its television operations in USA for the promotion of its digital counterpart, Hotstar.

On 20 March 2019, Star India became a subsidiary of Disney India after the US$71.3 billion deal in the acquisition of former parent company 21st Century Fox was closed. Now, Disney India owns television channels of UTV Software Communications and Star India.

In April 2020, the Walt Disney Company merged Hotstar with Disney+ in India to form Disney+ Hotstar with Hotstar operating independently and coexisting with Disney+ in Canada and US, since it launched on 4 September 2017; the United Kingdom on 13 September 2018; and Singapore on 4 November 2020, prior to Disney+ in the country.

On 30 December 2020, Disney announced that the Star branding would be replaced with Utsav from 1 February in the Netherlands, with the Utsav Gold, Utsav Plus and Utsav Bharat branding launching in the UK on 22 January 2021, Star Vijay's international feed also changed a new logo based with Utsav Network in yellow colour and rebranded as Vijay TV around the world on that same day, Utsav Network would separated to Star Gold, Plus and Bharat, the Asian feed would launch in South Korea.

On 31 August 2021, Disney announced that it would phase out Hotstar in the US and move all content into Hulu and ESPN+. Initially, it was announced that the service would shut down in the US by late 2022, until it got moved to an earlier date on 30 November 2021.

On 18 October 2021, Disney and Star announced that they would exit from the English general entertainment industry and that they would close down Star World and Star World Premiere in India originally planned by 30 November 2021 (although the Star Movies channels, alongside Disney International HD will not be affected). The Bangla and Marathi feeds of Star Sports 1 will also close on the same day. Meanwhile, the Star Gold brand would expand with the launch of an HD simulcast of Star Gold 2 that would replace UTV HD, alongside the rebranding of UTV Movies and UTV Action as Star Gold Romance and Star Gold Thrills. Star Movies Select HD, Star Movies Hindi, and Star Movies Tamil will also launch an SD simulcast, becoming the first niche premium English movie channel in India to do so. However, a delay in TRAI's new tariff order, followed by protests from digital cable operators and multi-system operators, caused the plans to be postponed till mid-March 2023.

On 14 April 2022, Disney India rebranded Star India to ''Disney Star''. On 27 May 2022, Fox Star Studios was renamed just Star Studios, as part of the removal of the "Fox" name from the studios that had been acquired from 21st Century Fox by Disney.

Merger with Viacom18 (2023–present)

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. 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. In late October 2023, it was reported that Disney was nearing a cash and stock deal with Reliance Industries for the sale of its operations in India, including a controlling stake in Disney Star. The assets Reliance would acquire are reportedly valued at around $7–8 billion and a transaction was to be announced as early as November. Although Disney CEO Bob Iger refuted claims of a sale during a third-quarter earnings call, it was announced in December 2023 that Disney and Reliance had signed a non-binding term sheet for a merger. According to its terms, Reliance would hold 51% of the merged company in cash and stock, while Disney would own the remaining 49%. For purposes of the merger, a subsidiary of Viacom18 was created to absorb Disney Star through a stock swap, pending ratification and regulatory approval.

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.

In March 2024, it was reported that Paramount Global was looking to sell its 13.01% stake in Viacom18 to Reliance, which already owned a 73.91% share via TV18. Although Bloomberg News reported that the deal was unlikely to close, the deal was confirmed a week later for $517 million, its closure subject to regulatory approval and the completion of the joint venture between Viacom18 and Disney. Paramount would, however, continue to license its content to the company.

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. In November 2024, Disney and Reliance Industries agreed to merge Star India and Viacom18. The deal was reported to be valued at $8.5 billion.

Owned channels

On-air channels

India

International

Upcoming channels

Defunct channels

See also

* Paramount International Networks
* Paramount Networks EMEAA
* Viacom18
* Network18 Group

References

External links

*

{{Disney
Conglomerate companies of India
Television production companies of India
Reliance Industries subsidiaries
Disney India
The Walt Disney Company subsidiaries