Reliance, Disney complete India media merger valued at $8.5 billion

Quick Summary:

Reliance and Disney have completed their landmark Indian media merger, creating an $8.5 billion entertainment behemoth that will dominate the country’s streaming and television markets.

The deal, which secured regulatory approvals from competition authorities in India, the EU, China and other jurisdictions, marks a significant retreat by Disney from direct control of one of its most important international markets.

The merger creates India’s largest media group with annual revenue of $3.1 billion, combining streaming platforms JioCinema and Hotstar with more than 100 television channels.

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Article Details

Author / Journalist: Manish Singh

Category: Technology

Markets: United StatesChinaIndiaQatar

Topics: Reliance Walt Disney Co.

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 12:21:46 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 470 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23585001

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