Disney, Reliance to Form $8.5B India JV
- Disney announcing $8.5B deal with India's Reliance Industries, will create media powerhouse in India
- Reliance will be the senior partner, owning 63% of the new joint venture
- Combined entities already have 40-45% market share in advertising and streaming
- Deal will merge Disney's India operations with Reliance's Viacom18
- Nita Ambani, wife of Reliance's owner, will chair the joint venture