Reliance-Disney India Merger Set To Become a Whopping Rs 70,000 Cr Company

Reliance News: Mukesh Ambani’s Reliance Industries has finalised the merger deal with Disney India, making it a whopping $8.5 billion (around Rs. 70,000 Cr) company. This deal is expected to impact the Indian entertainment industry, as it is anticipated that Disney plus Hotstar will become Jio plus Hotstar. 

Reliance-Disney Merger Highlights

After the merger of these two companies, Reliance’s Viacom 18 and Disney will manage around 112 TV channels and 2 streaming platforms. As IPL Season 17 is about to commence, Disney and Viacom 18 will stream and try to monetize the entire season completely. Apart from this, Viacom 18’s popular channels such as Colors, Star Plus, Star Gold, Star Sports, and Sports 18 will be under the same roof, including digital platforms like Jio Cinema and Disney Plus Hotstar.