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India's Tata Group considering to buy Disney's stake in Tata Play: Report

Sumit Vishwakarma
New Update
Tata Group considering to buy Disney's stake in Tata Play

Tata Group is in the early stages of discussions to acquire Walt Disney Co.'s significant minority stake in Tata Play Ltd., potentially valuing the direct-to-home (DTH) service provider at $1 billion or more.

Notably, The move could lead Tata Group to gain full control over Tata Play, marking a significant shift in the media landscape.

Background of Tata Play

Originally launched in 2004 as Tata Sky, the company was a joint venture between Tata Sons and Network Digital Distribution Services FZ-LLC (NDDS), linked to 21st Century Fox.


With India's foreign direct investment (FDI) regulations capping foreign ownership in DTH services at 20%, Fox (and later Disney, following a $71 billion acquisition deal) held a minority stake. 

The strategic shift in media alliances

The discussions between Tata and Disney emerge amidst a broader realignment in India's media industry. Disney's recent agreement to merge its India operations with Viacom 18 Media Pvt Ltd, a subsidiary of Reliance Industries, has created an $8.5 billion entertainment behemoth.

The joint venture, which holds a vast array of TV channels and OTT platforms, signifies a major consolidation move that could reshape the competitive landscape, especially in the OTT market.