CCI-Approved Merger Of RIL & Disney’s Media Assets- A Turning Point For M&E Sector | Emami’s R S Goenka On FMCG Major’s 50 Years Long Journey & Road Ahead

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Dear Reader

Welcome to another edition of 'Scoop', your bi-weekly dose of news from Marketing Mind! 

As the Competition Commission of India (CCI) grants its conditional approval to the merger between Reliance Industries and Disney's Indian media assets and marks a pivotal moment for the Indian M&E industry, this $8.5 billion deal is all set to create a media powerhouse with significant influence over both TV & Digital Platforms. Recognising the same, industry leaders spill the beans on how the consolidated entity is expected to command a 40-45% share in TV and a 30-35% share in digital market and how the new entity can offset concerns regarding sports properties domination via a subscription-based revenue model.

The other company which is making headlines this week is FMCG major- Emami for it has completed 50 years of existence this year and therefore, taking to its 41st Annual General Meeting, the company’s Co-founder R S Goenka gave a heartfelt address to all of Emami’s stakeholders, emphasising how innovation, differentiation and vision for growth have been the Emami’s cornerstone for success all these years and what does the road ahead look like to him. 

In other major updates, one of India’s leading MarTech Network- Wondrlab has won the creative mandate of Furniture Fitting brand- Hettich India, Jay Shah has taken over the reigns from Greg Barclay as the new Chairman of the International Cricket Council (ICC), Omnicom Group has consolidated all of its creative agencies- BBDO, DDB & TBWA amongst others under Omnicom Advertising Group (OAG). 

Here’s our ‘Scoop’ of news, hot off the press & curated especially for you! Happy reading :)

• CCI Approves $8.5 Billion Merger Of Reliance & Disney Media Assets 

• SW Network Secures Udaan’s Creative Mandate

• Conran Design Group Helps Payment Service Provider- PayU In Bringing Out Refreshed Brand Identity

• JioCinema To Live-Stream Paralympic Games Paris 2024

• Airtel Partners With Apple TV+ & Apple Music After Reportedly Shutting Wynk Music 

• Dailyhunt & Josh Parent ​VerSe Innovation Acquires Digital Marketing Agency- ValueLeaf

• Former Flipkart SVP Amitesh Jha To Join Swiggy Instamart India As CEO 

• Mansi Khanna Becomes COO Of Dr. Reddy’s & Nestlé Health Science’s New JV 

• Signify Onboards Intel’s Tania Thanda As Global Marketing Manager

• Alchemist Marketing & Talent Solutions’ Mimi Deb Joins Madison Media Plus As COO

• FCB Ulka Appoints Suchitra Gahlot As Its New National Creative Director

• Paytm Ads Senior Vice President Sameer Kapoor Steps Dow

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