Reliance on thursday approved funding 4000 crore to own fully the Network 18 businesses comprising of the following TV Channels:CNN IBN channel Colors Channel CNBC TV18 CNBC Awaaz IBN 7 The Network 18 group also owns the following websites and e-commerce business sites: Bookmyshow.com Homeshop18.com Cricketnext.in Firstpost.com Moneycontrol.com IBNlive.com In 1980s Reliance tried to acquired some media interests but due to exposure by Indian Express, they shelved their plans. After 2000, reliance indirectly owned few tv channels and newspapers but they were more seen as investment rather than acquisition or control. As readers may be aware, reliance already owns bigflix.com a video rental business, big cable tv network and big cinemas as well. Reliance also owns two subsidiary firms which produces bollywood and hollywood movies and also do distribution business. Reliance also owned stakes in few hollywood studios and have bought many theatres in USA at lowest prices post sub prime crisis. Going by these developments, we may safely assume that soon Reliance would become a major player in the entire media spectrum from news to movies with their integrated expansion plans. It may be recalled that reliance is the only player in energy sector with interests in both upstream and downstream operations.

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