News Karnataka
Thursday, April 25 2024
Business

Reliance and Walt Disney Join to Make One Entertainment Brand

Reliance and Walt Disney Join to Make One Entertainment Brand
Photo Credit : Facebook

Reliance and Walt Disney have joined forces in a venture valued at Rs 11,500 crores. The court has approved the scheme to merge entertainment brands, forming Star India Private Limited. Both platforms boast a streaming service with a total of 120 channels.

The deal strengthens Reliance’s position in the Rs 28 billion media and entertainment market. This collaboration is poised to make it one of the world’s fastest-growing entertainment markets.

Viacom18 Media Pvt Ltd surpassed Disney, securing IPL streaming rights a few years ago. Upon completion of all steps, Reliance will control the joint venture, with ownership percentages of 16.34% for Reliance, 36.84% for Disney, and 46.84% for Viacom18.

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