Mukesh Ambani’s Star India has won a bid to create a web series about 90-year journey of the regulatory body responsible for overseeing the Indian banking system.
After year-long discussions, Reliance Industries has finally completed the merger of Viacom18 and Disney Star India. With this merger, the company now has access to two OTT platforms, 120 channels, and a database of 750 million viewers. As soon as Ambani took over Hotstar (Star India), a major announcement was made about producing a web series on the Reserve Bank of India (RBI).
Web Series On Reserve Bank Of India
The web series will showcase the 90-year journey of the regulatory body responsible for overseeing the Indian banking system. However, bagging the production rights is not easy, as other OTT giants, such as Zee Entertainment Network and Discovery Communications India were also competing for it.
However, with the collaboration between Star India and Viacom18, the rights were awarded to Star India. Notably, Viacom18 is owned by Mukesh Ambani.
Web Series To Depict RBI’s Journey
The RBI was established in 1935 and will complete 90 years this April. The series will highlight the regulatory body’s role in driving the country’s economy.
The web series is expected to feature five episodes, each clocking in at around 25 to 30 minutes. It’s still in the air whether it’ll only be on Hotstar’s OTT platform, on one of its channels or even broadcast on nationwide TV channels like Doordarshan.
Star India also secured a contract of Rs 6.5 crore for the web series. In July, the RBI invited bids for the project.
Nita Ambani To Take Charge Of The New Company
Mukesh Ambani also took another major decision of handing over the reins of this new company to his beloved wife Nita Ambani.
Notably, Nita Ambani is already a chairperson of Reliance Foundation, owner of IPL team Mumbai Indians, and the Founder and Chairperson of the Nita Mukesh Ambani Cultural Centre.
Under the Rs 70,352 crore deal, Reliance will hold a 63.16 percent stake, while Disney will retain a 36.84 percent stake in the company. Nita Ambani will lead the company alongside three CEOs. The joint venture is expected to churn out an annual revenue of Rs26,000 crore. Reliance has invested Rs11,500 crore into this venture.
A Massive Responsibility for Nita Ambani
It is a major responsibility on Nita Ambani’s shoulders to lead the massive media company, which includes over 100 channels and two OTT platforms. Notably, there will be three CEOs—Kevin Vaz will lead the entertainment organisation across all platforms, Kiran Mani will look after the joint digital organisation, and Sanjog Gupta will head the joint sports organisation. Uday Shankar will be the vice-chairman of the media company. The major challenge in front of Nita Ambani is to compete with OTT giants such as Sony, Netflix, and Amazon.