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）和印度信实工业的媒体资产之间的850亿美元合并面临来自印度反垄断监管机构的重大阻力。
The Competition Commission of India (CCI) has raised concerns that the combined entity could monopolize cricket broadcasting rights, harming advertisers.
印度竞争委员会（CCI）对于合并实体可能垄断板球广播权提出了关切，这可能会损害广告商利益。
The companies are exploring various remedies to keep the deal alive but remain reluctant to part with these prized rights.
这些公司正在探讨各种解决方案，以保持交易有效，但并不愿放弃这些宝贵的权益。
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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.
路透社的报道援引消息人士表示，迪士尼和信实正在考虑诸如限制板球比赛广告费的增加之类的替代方案，旨在解决监管机构的关切，同时不放弃对板球广播的控制权。
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，专家认为为了满足CCI的要求，这些公司可能需要提供结构性变化，比如出售某些与板球无关的板球权益或频道。
Cricket is central to the Disney-Reliance merger, which aims to create India's largest entertainment powerhouse.
板球是迪士尼-信实合并的核心，旨在创建印度最大的娱乐巨头。
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.
通过拥有120个电视频道和两个流媒体平台的综合组合，合并实体将与索尼集团（NYSE：SONY）、Netflix公司（NASDAQ：NFLX）和亚马逊公司（NASDAQ：AMZN）展开竞争。
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.
鉴于印度体育的巨大受欢迎程度，板球转播权被认为是这项交易的王冠明珠，代表着数十亿美元的潜在营业收入。
Despite mounting regulatory pressure, the companies have privately indicated their unwillingness to sell cricket rights, which they consider essential to the merger's success.
尽管面临着日益加剧的监管压力，这些公司私下表示他们不愿意出售板球转播权，他们认为这对于并购的成功至关重要。
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.
迪士尼和信实公司已经共同投资近95亿美元，用于获得包括印度首要联赛和国际板球理事会锦标赛在内的高调赛事的转播权。
The Reuters report highlights that the merger could be in jeopardy without these cricket rights.
路透社的报告强调，如果缺少这些板球转播权，合并交易可能面临危机。
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.
尽管信实公司已提议出售少数区域型电视频道，但印度公司法委员会仍不满意，表明可能启动更全面的审查，这可能会延迟数月的合并交易。
As the process unfolds, it's clear that the fate of cricket rights could ultimately determine whether the merger goes through.
随着这一过程的展开，显而易见的是，板球转播权的命运最终可能决定了并购的进行与否。
Price Action: DIS stock is down 0.72% at $90.06 at the last check on Thursday.
股价走势：DIS股票在周四最后一次交易时下跌0.72%，报90.06美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本内容部分使用人工智能工具生成，并经Benzinga编辑审核发布。
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