NBCU and Sky owner Comcast has invested in James Murdoch’s Bodhi Tree Systems, which in turn is becoming a key player in a new-look Viacom18.
Comcast-owned company NBCUniversal Media has paid an undisclosed amount for a shareholding in Bodhi Tree, which former Fox CEO Murdoch launched with ex-Star and Disney India Chairman Uday Shankar launched last year.
The Competition Commission of India approved the investment on Wednesday. Bodhi Tree has used some of this to finance a minority shareholding in Indian media group Viacom18, which is now under a new shareholding structure, following the completion of a planned partnership with Mukesh Ambani’s conglom Reliance Industries and Paramount Global that completed yesterday.
In effect, the trio has merged locally to create a major TV and films player. Notably, Reliance’s streaming and pay-TV service JioCinema integrated into TV channels and streaming operator Viacom18.
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