Reliance Jio Eros Now

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February 20th, 2018 9:13 PM 3 COMMENTS

Reliance Industries to Acquire Limited Stake in Eros, Funds Rs 1,000 Crore to Co-Produce Content in India

In a move to strengthen its position in the content space, Reliance Industries Limited (RIL), the parent company of Reliance Jio, through a subsidiary has agreed to subscribe to a 5% equity stake in Eros at a price of USD 15 per share. This represents an 18% premium to last closing price, and the transaction is subject to customary regulatory and other approvals. Furthermore, RIL and Eros India announced that... Read More

January 18th, 2018 12:55 PM 17 COMMENTS

After Airtel- Amazon Content Deal, Reliance Jio Renews Deal With Eros

Reliance Jio, the Mukesh Ambani-led telecom operator, has renewed its partnership with Eros International on Wednesday, and the latter's digital content will now be available to all Jio customers in the country. The content would include full-length movies, thematic curated playlists, and functions such as multi-language subtitles for movies, music video playlists, regional language filters, video progression among other things. The move comes at a time when Jio's bigger rival... Read More

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