Disney And Reliance Clinch Joint Venture In India

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Disney and Reliance have introduced an anticipated deal in India to merge their respective digital streaming and tv belongings, creating “a world class chief throughout leisure and sports activities, the businesses mentioned in the present day.

Reliance will make investments ₹11,500 crore ($14 billion) within the JV,  Disney will provice content material.

The deal will mixed the companies of Mumbai-based Reliance Industries, Viacom 18 Media Private Limited and Star India. As a part of the transaction, the media endeavor of Viacom18 might be merged into Star India Private.

The transaction values the JV at ₹70,352 crore ($8.5 billion), excluding synergies. It might be by owned 16.34% by RIL, 46.82% by Viacom18 and 36.84% by Disney.

Disney might also contribute sure further media belongings to the JV, topic to regulatory and third-party approvals.

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