Get the latest gossip
Disney & Reliance Complete $8.5B Deal To Form Indian Entertainment Giant
Disney and Reliance Industries have completed the deal to form a media and entertainment giant in India.
This brings together Reliance’s JioCinema business with Disney’s Star India, which houses Disney+ Hotstar, under one roof. Reliance’s Nita M. Ambani will be the Chair of the JV, with Indian dealmaker and former Disney Indian boss Uday Shankar named Vice Chairperson to provide strategic guidance. According to the partners, the new biz will be one of the largest media and entertainment companies in India with pro forma combined revenues of approximately ₹26,000 crore ($3.1 billion) for the fiscal year ended in March 2024.
Or read this on Deadline