The merger boosts billionaire Mukesh Ambani’s entertainment ambitions with streaming tech prowess and lucrative cricket rights. — Reuters
A Disney-Reliance assets merger in India will create a media giant far bigger than all its rivals, boosting billionaire Mukesh Ambani’s entertainment ambitions with streaming tech prowess and lucrative cricket rights.
Disney and Reliance on Wednesday put a value on their joint TV and streaming assets business of US$8.5bil. Ambani’s Reliance and its affiliates will own more than 63% of the merged entity, with Disney owning 37%.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
