Reliance-Disney merger finalised; Jiostar unveils leadership team
By Staff Writer in Media News on Monday, 18th November 2024 at 2:43pmReliance Industries, Viacom18 Media, and The Walt Disney Company have completed the merger of Viacom18’s media and JioCinema businesses with Star India Pvt Ltd, creating a joint venture valued at Rs 70,352 crore.
The merger, now effective following approvals from the NCLT Mumbai, CCI, and other regulators, marks a major shift in India’s media and entertainment landscape.
Nita Ambani will chair the venture, with Uday Shankar serving as vice-chairperson, providing strategic guidance.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, expressed enthusiasm for the partnership, stating, “With the formation of this JV, the Indian media and entertainment industry is entering a transformational era. Our deep creative expertise and relationship with Disney, along with...
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