News > Reliance-Disney JV: A media titan arrives on the Indian scene
Reliance-Disney JV: A media titan arrives on the Indian scene
Business Today | 06/12/2024 05:45 PM | Click to read full article
On November 14, Reliance and Disney announced the completion of a transaction to form a joint venture. At a valuation of `70,352 crore (around $8.5 billion), the merged entity will own over 100 television channels in nine major Indian languages, two OTT (over-the-top) platforms and over 30,000 hours of TV content annually. Uday Shankar will be the Vice Chairperson, providing strategic guidance, and the Chairperson will be Nita Ambani.
