Disney and Reliance Finalize $8.5B Merger to Dominate Indian Media Market
Disney, Reliance Industries, and Viacom18 have finalized a merger to form a major joint venture in India's media and entertainment sector, valued at $8.5 billion. Reliance has invested $1.4 billion into the venture, which combines Star India, Viacom18's media assets, and JioCinema. The new entity, controlled by Reliance, will be one of India's largest media companies, offering extensive TV and digital content. The deal has received regulatory approvals from multiple countries, including India and the EU.