Reliance Industries and Disney have finalized a landmark $8.5 billion joint venture (₹70,532 crore) that merges their Indian media assets, creating a dominant player in the country’s entertainment and broadcasting landscape. The JV includes Reliance’s Viacom18 and JioCinema, alongside Disney’s Star India and Hotstar. The unified entity will manage 120 TV channels, two leading streaming platforms, and extensive sports broadcasting rights, marking a significant consolidation in the industry.
Source:- bbc news
Reliance holds a controlling stake of 63.16% through Viacom18, while Disney owns 36.84%. The venture is structured into divisions for entertainment, digital, and sports, each led by specialized CEOs. The JV aims to provide diverse content, leveraging Disney’s global expertise and Reliance’s local market understanding. Mukesh Ambani emphasized the focus on delivering affordable, high-quality content for Indian and global audiences.
Source:- news 18
This partnership is expected to redefine India’s media sector by combining Star and Colors for TV and JioCinema and Hotstar for digital content, catering to over 50 million subscribers. Regulatory approvals from Indian and international authorities have cleared the way for this transformative merger.
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