Disney-Reliance $8.5 Billion Media Merger Closes, Creating Indian Entertainment Powerhouse
India’s entertainment landscape shifted Thursday as Reliance Industries and Disney completed their long-awaited media merger, creating an Indian powerhouse valued at $8.5 billion. The deal combines Disney’s Star India with Reliance’s Viacom18 and streaming platforms JioCinema and Hotstar.
Reliance, Walt Disney Close $8.5 Billion Merger of Indian Media Assets
Reliance Industries and Walt Disney on Thursday completed the $8.5 billion merger of their Indian media assets, which have been split into three divisions, with each unit having its own CEO. The companies said the newly formed divisions are entertainment,
RIL owns 16.34% of the joint venture, while Viacom18 has a larger share at 46.82%, and Disney holds 36.84%.
Reliance and The Walt Disney Company have announced that their media merger in India is now complete, with the launch of ...
This is an exciting moment for our two companies, as well as for India’s consumers,' said Disney CEO Bob Iger on JV with RIL ...
Warner Bros. Discovery achieved its first company-wide profit post merger. Read more about recent earnings and what to expect ...
New Delhi: Tuesday is expected to mark a turning point in the history of Indian media and industry with the completion of the merger of ... Star India to The Walt Disney Company at a valuation ...
While other media and entertainment companies are planning for more M&A under the Trump administration, Disney CEO Bob Iger ...
The Walt Disney Company (NYSE: DIS) posted prepared written management remarks from Chief Executive Officer Robert A. Iger and Chief Financial Officer ...
New Delhi: The merger of media assets of Reliance Industries ... Viacom18 is part of the RIL group, and Star India is wholly owned by The Walt Disney Company. Star Television Productions, a ...
Disney stock rallied after its streaming unit, home to Disney+, Hulu and ESPN+, swung to a profit after years of heavy ...
The Competition Commission of India (CCI) and National Company Law Tribunal (NCLT) gave a nod to the merger between Disney Star and Reliance Industries in August. This merger is reportedly the ...
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