Reliance and Disney Finalize $8.5 Billion Indian Media Merger

The merger creates India's largest entertainment company, reshaping the media landscape with a vast portfolio of TV channels and streaming services.

The merger combines Reliance's Viacom18 and JioCinema with Disney's Star India and Hotstar, forming a joint venture led by Nita Ambani as Chairperson.
Reliance holds a controlling 63.16% stake in the venture, with Disney retaining a 36.84% stake, marking a strategic shift for Disney in the Indian market.
The joint venture will operate over 100 TV channels and two major streaming platforms, with a combined subscriber base exceeding 50 million.
The merger has secured regulatory approvals from India and several international jurisdictions, ensuring a significant presence in the global media market.
Key leadership roles include Kevin Vaz for entertainment, Kiran Mani for digital operations, and Sanjog Gupta for sports, reflecting a robust organizational structure.