Reliance, Disney complete merger; form Rs 70,352 crore joint venture

Quick Summary:

Reliance Industries holds a 16.34 per cent stake in the JV, while its step-down unit Viacom18 holds 46.82 per cent and Disney the rest 36.

The JV operates over 100 TV channels and produces more than 30,000 hours of TV entertainment content annually.

The JioCinema and Hotstar digital platforms have an aggregate subscription base of over 50 million.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Reliance Merger and acquisition Viacom18 Indian companies Disney

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 18:11:01 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 418 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 23585259

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