Reliance, Disney Ink $8.5 Billion Media Merger Deal

  • Reliance Industries Limited (RIL) and The Walt Disney Company signed a binding agreement to merge their media operations in India.
  • The merged entity, valued at $8.5 billion, will be the largest media and entertainment powerhouse in the country.
  • RIL will hold a majority stake (over 60%) in the venture, while Disney will retain the remaining share.
  • Nita Ambani, wife of billionaire Mukesh Ambani, will lead the merged entity as chairperson, with Uday Shankar as vice chairperson.
  • The deal brings together Reliance's Viacom18 and Disney's Star India, encompassing television channels, streaming services, and production studios.
  • This merger is expected to strengthen the combined entity's position in the Indian media landscape, offering a wider range of content and potentially influencing advertising and subscription dynamics.

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