Posted 2/29/2024, 2:16:00 AM
Disney and Reliance Launch $8.5 Billion India Media Venture Reaching 750 Million Viewers
- Disney and Mukesh Ambani's Reliance Industries are combining their media assets in India into a new joint venture worth $8.5 billion
- The venture will reach over 750 million viewers in India through 100 TV channels and digital streaming platforms
- Reliance will own 63% of the entity, with Disney holding the remaining stake
- The deal aims to help Disney turn around its struggling India business after losing cricket rights and other issues
- The new venture combines Disney's films and shows with Reliance's TV channels and productions to cater to Indian and diaspora audiences