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Disney-Reliance $8.5 Billion Media Merger Closes, Creating Indian Entertainment Powerhouse
Reliance Industries and Disney completed their long-awaited media merger, creating an Indian powerhouse valued at $8.5 billion.
The joint venture’s leadership team includes Kevin Vaz heading entertainment, Kiran Mani leading digital operations, and Sanjog Gupta overseeing sports. The merged entity, which has a near stranglehold on rights to India’s biggest audience draw, cricket, boasts a combined digital subscription base exceeding 50 million across JioCinema and Hotstar platforms. As media consumption continues to move to an integrated TV-digital ecosystem, the merger of Viacom18 and Star India offers a unique opportunity to reorient the industry to better serve diverse cohorts of consumers across the country.
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