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Published 1 month ago

Disney, Reliance Seal $8.5 Billion Deal to Merge Indian Media Businesses

  • Reliance and Disney are merging their media businesses in India to create one of the largest media entities, valued at $8.5 billion.
  • The combined firm aims to serve 750 million customers through over 120 channels, making India a key market in the streaming business.
  • The joint venture will give them exclusive rights to distribute Disney's films in India, with Reliance holding a 16% stake, Viacom18 holding 46%, and Disney holding 37%.
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