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Disney and Reliance Form $8.5B Indian Media Powerhouse in Major Deal

2 hours ago

Disney and Reliance Form $8.5B Indian Media Powerhouse in Major Deal
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7 Highlights

  • Disney and Reliance merge forming India's media powerhouse.
  • Nita Ambani chairs; Uday Shankar is vice chair of the venture.
    • Deal cleared by India, EU, China, South Korea, and more.
    • Reliance injects $1.4B; estimated revenue hits $3.1B for 2024.
    • Venture's digital subscribers exceed 50M via JioCinema and Hotstar.
    • New venture dominates TV, digital, and sports content rights.
    • Bob Iger emphasizes expanded market and robust offerings.
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