India's Disney-Reliance Merger Draws Antitrust Concerns As Cricket Rights Remain Sticking Point
India's Disney-Reliance Merger Draws Antitrust Concerns As Cricket Rights Remain Sticking Point
The $8.5 billion merger between Walt Disney Co. (NYSE:DIS) and India's Reliance Industries media assets faces significant resistance from the Indian antitrust regulator.
迪士尼公司（NYSE：DIS）和印度信實工業的媒體資產之間的850億美元合併面臨來自印度反壟斷監管機構的重大阻力。
The Competition Commission of India (CCI) has raised concerns that the combined entity could monopolize cricket broadcasting rights, harming advertisers.
印度競爭委員會（CCI）對於合併實體可能壟斷板球廣播權提出了關切，這可能會損害廣告商利益。
The companies are exploring various remedies to keep the deal alive but remain reluctant to part with these prized rights.
這些公司正在探討各種解決方案，以保持交易有效，但並不願放棄這些寶貴的權益。
Also Read: Disney Park Prices Skyrocket, New Attractions Promise More Value.
另外閱讀：迪士尼樂園門票漲價，新景點承諾提供更多價值。
Citing sources, the Reuters report indicates that Disney and Reliance are considering alternatives like capping ad rate increases for cricket matches, aiming to address the regulator's concerns without giving up control over cricket broadcasts.
路透社的報道援引消息人士表示，迪士尼和信實正在考慮諸如限制板球比賽廣告費的增加之類的替代方案，旨在解決監管機構的關切，同時不放棄對板球廣播的控制權。
However, experts believe that to satisfy the CCI, the companies may need to offer structural changes, such as selling off certain cricket rights or channels, particularly those unrelated to cricket.
然而，專家認爲爲了滿足CCI的要求，這些公司可能需要提供結構性變化，比如出售某些與板球無關的板球權益或頻道。
Cricket is central to the Disney-Reliance merger, which aims to create India's largest entertainment powerhouse.
板球是迪士尼-信實合併的核心，旨在創建印度最大的娛樂巨頭。
The merged entity is poised to compete with Sony Group Corporation (NYSE:SONY), Netflix Inc. (NASDAQ:NFLX), and Amazon.com Inc. (NASDAQ:AMZN) through a combined portfolio of 120 TV channels and two streaming platforms.
通過擁有120個電視頻道和兩個流媒體平台的綜合組合，合併實體將與索尼集團（NYSE：SONY）、Netflix公司（NASDAQ：NFLX）和亞馬遜公司（NASDAQ：AMZN）展開競爭。
Given the sport's massive popularity in India, cricket rights are considered the crown jewel of this deal, representing billions of dollars in potential revenue.
鑑於印度體育的巨大受歡迎程度，板球轉播權被認爲是這項交易的王冠明珠，代表着數十億美元的潛在營業收入。
Despite mounting regulatory pressure, the companies have privately indicated their unwillingness to sell cricket rights, which they consider essential to the merger's success.
儘管面臨着日益加劇的監管壓力，這些公司私下表示他們不願意出售板球轉播權，他們認爲這對於併購的成功至關重要。
Disney and Reliance have collectively invested nearly $9.5 billion in securing broadcasting rights for high-profile events, including the Indian Premier League and ICC tournaments.
迪士尼和信實公司已經共同投資近95億美元，用於獲得包括印度首要聯賽和國際板球理事會錦標賽在內的高調賽事的轉播權。
The Reuters report highlights that the merger could be in jeopardy without these cricket rights.
路透社的報告強調，如果缺少這些板球轉播權，合併交易可能面臨危機。
While Reliance has proposed selling a few regional TV channels, the CCI remains unsatisfied, signaling that a more comprehensive review could be initiated, potentially delaying the merger for months.
儘管信實公司已提議出售少數區域型電視頻道，但印度公司法委員會仍不滿意，表明可能啓動更全面的審查，這可能會延遲數月的合併交易。
As the process unfolds, it's clear that the fate of cricket rights could ultimately determine whether the merger goes through.
隨着這一過程的展開，顯而易見的是，板球轉播權的命運最終可能決定了併購的進行與否。
Price Action: DIS stock is down 0.72% at $90.06 at the last check on Thursday.
股價走勢：DIS股票在週四最後一次交易時下跌0.72%，報90.06美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。
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