Hungama and Super Hungama TV Channels Getting Sold As Part of Reliance-Disney Merger

The Walt Disney Company India has sold its Hungama and Super Hungama TV channels to a subsidiary of Reliance Industries as part of the ongoing merger between the two companies.

The sale of the channels was announced on Monday in a press release by Reliance Industries. The deal is expected to close in the coming months, subject to regulatory approvals.

The sale of Hungama and Super Hungama marks the latest step in the ongoing merger between Reliance Industries and The Walt Disney Company India. The two companies announced their plans to merge in August 2019, and the deal was approved by the Competition Commission of India in May 2020.

As part of the merger, Reliance Industries will acquire a majority stake in Star India, which is the parent company of The Walt Disney Company India. Star India operates a number of popular TV channels in India, including Star Plus, Star Gold, and Star Sports.

The sale of Hungama and Super Hungama will allow The Walt Disney Company India to focus on its core businesses, which include its streaming service Disney+ Hotstar and its production studios.

Reliance Industries is expected to use the Hungama and Super Hungama channels to expand its reach in the Indian television market. The company already operates a number of TV channels, including Colors TV, MTV India, and Nick India.

The sale of Hungama and Super Hungama is a significant development in the Indian television market. It is expected to lead to increased competition in the market, as Reliance Industries looks to challenge the dominance of Star India.