Reliance Industries’ media and entertainment entity, Viacom18, has changed custody. In an October 30 statement, Viacom18 announced that Jyoti Deshpande, former president of Reliance’s Media and Platform segment, has been appointed as the new CEO.
The company said Deshpande will help create “synergies between all of Reliance’s media interests and investments and better equip the company to generate meaningful growth opportunities as the industry embraces digital transformation.” Besides Viacom, which manages various TV channels, a film studio and a streaming platform, Reliance also has other media interests such as Network18 which manages its various news channels and Web18 which operates all news branches. digital.
The career of Jyothi Deshpande
In its statement, Viacom said Deshpande has a cumulative experience of 28 years in the media space. Along with her new role, she also sits on the boards of Network18, Balaji Telefilms and Saavn Media.
Prior to joining Reliance, Deshpande was would have the MD and CEO of Eros International film studio group where she led the company’s entry into the OTT space through Eros Now. She would have take a step in 2018 to lead Reliance’s media and platform segment after purchasing a 5% stake in Eros. Prior to joining Eros in 2001, she worked in advertising with J Walter Thompson India, led advertising sales and marketing with Zee Network UK and was a senior consultant with MindShare UK, according to her. profile by the Women’s Economic Forum.
Viacom’s entertainment and media companies
The company operates 46 TV channels, according to its website; this includes the different Colors, MTV, VH1 channels and more. It also has an OTT streaming platform called Voot and runs a movie studio called Viacom18 Studios. Viacom18 is a joint venture between Network18, which owns 51%, and the American company ViacomCBS, which owns 49% of the capital of Viacom18.
Last year, talks about a merger between Viacom18 and Sony’s entertainment holdings were reportedly called off due to disagreements between the two over who would be the majority shareholder in the merged entity.
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