Bodhi Tree, the media investment vehicle promoted by media executives James Murdoch and Uday Shankar, will invest INR13,500 crore ($1.76bn/€1.68bn) in Indian media group Viacom18 to create a sports and entertainment broadcasting powerhouse.
Viacom18 is currently owned on a 51:49 basis by conglomerate Reliance Industries, through its subsidiary Network18, and US-based media group Paramount Global (formerly ViacomCBS), respectively. Network18 controls several linear television channels, including Colors, and OTT platform Voot, in addition to entertainment studios and cinemas.
You need to have a subscription to access this content
If you would like more information on our Media product please contact our sales team
Already have an account? Sign in here