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Disney India-Reliance Industries Merger Nears Binding Agreement
Reliance Industries and Disney India are set to sign a binding agreement to merge their assets, according to local reports.
The deal, which has been gestating for the past two months, could be signed this week and will see Reliance’s Ambani family overseeing a merged operation. Reliance Industries carries a suite of prime media offerings including assets under its Viacom18 group, the fast-growing JioCinema streaming service, a pay-TV platform and over 100 linear TV channels. Streaming the IPL under the Jio banner for free, Reliance undercut Disney’s offering, drawing audiences away from the Hotstar platform.
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