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Reliance Broadcast Announces JV With US-based CBS Corp

20 June, 2010

Reliance Broadcast Network, part of the Anil Dhirubhai Ambani group, said on Sunday it had signed an initial agreement for an equal joint venture with U.S.-based CBS Corp to launch television channels in India.

The joint venture will operate English language channels and will later explore launching regional-language general entertainment channels, it said in a press release.

“The agreement is subject to customary diligence, negotiation and execution of a definitive documentation, which are presently underway,” it said, adding it plans to complete the process in a month.

No other details were provided.


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Reliance Broadcast Announces JV With US-based CBS Corp

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