Disney-Reliance $8.5 Billion Media Merger Closes, Creating Indian Entertainment Powerhouse
India’s entertainment landscape shifted Thursday as Reliance Industries and Disney completed their long-awaited media merger, creating an Indian powerhouse valued at $8.5 billion. The deal combines Disney’s Star India with Reliance’s Viacom18 and streaming platforms JioCinema and Hotstar.
Disney, Reliance Close Megadeal to Form Indian Entertainment Powerhouse
The joint venture will be one of the largest Media & Entertainment companies in India with pro forma combined revenue of approximately $3.1 billion.
Reliance, Walt Disney Close $8.5 Billion Merger of Indian Media Assets
Reliance Industries and Walt Disney on Thursday completed the $8.5 billion merger of their Indian media assets, which have been split into three divisions, with each unit having its own CEO. The companies said the newly formed divisions are entertainment,
Disney-Reliance Indian media giant says TV ‘is not dead’ following $8.5bn merger
The head of Disney and Reliance Industries’ newly merged $8.5bn Indian entertainment titan plans to invest and “revitalise” television in the world’s most populous country even as western media organisations increasingly see it as a dying medium.
Reliance, Disney Announce Completion Of Transaction To Form JV - Quick Facts
Reliance Industries, Viacom 18 and The Walt Disney Company (DIS) announced that following the approval by the NCLT Mumbai,
Disney & Reliance Complete $8.5B Deal To Form Indian Entertainment Giant
Disney and Reliance Industries have completed the $8.5B 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,
Reliance, Disney complete India media merger valued at $8.5 billion
Reliance and Disney have completed their landmark Indian media merger, creating an $8.5 billion entertainment powerhouse that will dominate the streaming and television markets in the world’s most populous nation.
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